Cornerstone Community Financial Credit Union

Overview / Commentary
2955 University Dr
Auburn Hills, MI 48326

Cornerstone Community Financial Credit Union is headquartered in Auburn Hills and is the 50th largest credit union in the state of Michigan. It is also the 836th largest credit union in the nation. It was established in 1951 and as of June of 2023, it had grown to 87 employees and 23,887 members at 7 locations. Cornerstone Community Financial Credit Union's money market rates are 70% higher than the national average, and it has a B+ health rating.

Field of Membership Restrictions

Membership in Cornerstone Community Financial is open to individuals who live, work, worship, regularly do business in, or attend school anywhere in Michigan or the Ohio counties of Fulton, Henry, Lucas, Ottawa, Sandusky, or Wood. Immediate family member of current Cornerstone members are also eligible.
See current membership details

Reviews (3)

Great Choice For Local Credit Union.

Posted by: |

I've used this bank for a while now, back in the Mopar days.

Inside their branch (Auburn Hills at least), it's very well organized and calm for meeting with loan officers, getting things notarized, etc.

They almost always have good loan rates for auto, home. They usually have a good special on something like an 17 month CD, things like that.

Their app is good quality, comparable or beats all my other banking apps. A little slow to update when logging in sometimes. Messaging works great in it as they are quick to answer and can do things like change the type of checking account, open CD, have CD not autorenew with just a couple messages and maybe an email.

So many fees

I joined this bank several years ago. At first it was for a specific dollar amount deposit each week into the saving's. It earned some money so I decided to open a checking. That's when the fees really started to happen. Weekly the bank would have a computer error and I would have to call the bank to straiten it out. High fee's for transfers and the loan terms were not good either. Customer service had dropped and I was finally fed up when the bank had to refund me over 50 dollars in fees and a customer service representative had the nerve to call me crazy. I closed the account and actually saved money. The absolute best part is that my local branch was hit by a tornado when the bank was closed , Nobody was hurt and I am glad about it. It's about time mother nature took care of it .

No Access To My Account When I Am Away From Home.

Posted by: |

I have checking/savings accounts at Cornerstone, and now that they have changed their system whereas I cannot log into my account unless I on my home computer (because I do not have a cell phone number to provide to them). Contrary to popular belief, everyone does not have a cell phone. I have a land line and cannot receive texts to give me a code to log into my account when I am away from home and on a different computer. I am a member at a different credit union, and they have the option to use an email address to get a code when you are away from home. Cornerstone's practice is biased to me because I do not have a cell phone.


Health Grade Components

NCUA #68641
Year Chartered1951
Primary Regulator
Profit Margin
Return on Assets - YTD0.83%
Return on Equity - YTD7.04%
Annual Interest Income$9.6MM
Assets and Liabilities
AssetsQ2 2023vs Q2 2022$400.2MM$372.5MM
LoansQ2 2023vs Q2 2022$339.0MM$303.2MM
DepositsQ2 2023vs Q2 2022$305.9MM$309.0MM
Equity CapitalQ2 2023vs Q2 2022$47.9MM$46.0MM
Loan Loss AllowanceQ2 2023vs Q2 2022$0$1.3MM
Unbacked Noncurrent LoansQ2 2023vs Q2 2022$2.3MM$1.4MM
Real Estate OwnedQ2 2023vs Q2 2022$0$0
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Always verify rates and promotions with the bank or credit union. We are not Cornerstone Community Financial Credit Union; we are a rate comparison website and cannot provide official rates or promotions.

* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

Cornerstone Community Financial Credit Union Savings Account Rates

0.10%$50-IRA Share Account
0.05%$50-Savings Account
0.05%$50-Rainy Day Account
0.05%$50-Holiday Share Account
0.05%$50-Round-Up Rewards Savings

Cornerstone Community Financial Credit Union Money Market Rates

0.75%*$500k*-Money Market
OTHER TIERS: 0.10% $50 - $7.5k | 0.15% $7.5k - $12.5k | 0.25% $12.5k - $25k | 0.35% $25k - $40k | 0.45% $40k - $100k | 0.55% $100k - $250k | 0.65% $250k - $500k

Cornerstone Community Financial Credit Union Checking Account Rates

2.02%*-$15kRewards Checking
OTHER TIERS: 0.05% $15k+
2.02%*-$15kCORE Rewards Checking
OTHER TIERS: 0.05% $15k+
0.10%$7.5k-Clear Business Checking

Cornerstone Community Financial Credit Union CD Rates

5.00%$1k-11 Month Boost Share Certificate Special
2.52%$1k-60 Month Share Certificate
2.52%$50k-60 Month Jumbo Certificate
2.52%$50k-Business 60 Month Jumbo Certificate
2.52%$1k-Business 60 Month Share Certificate
2.27%$1k-48 Month Share Certificate
2.27%$50k-48 Month Jumbo Certificate
2.27%$50k-Business 48 Month Jumbo Certificate
2.27%$1k-Business 48 Month Share Certificate
2.02%$1k-36 Month Share Certificate
2.02%$50k-36 Month Jumbo Certificate
2.02%$50k-Business 36 Month Jumbo Certificate
2.02%$1k-Business 36 Month Share Certificate
1.51%$1k-24 Month Share Certificate
1.51%$50k-24 Month Jumbo Certificate
1.51%$50k-Business 24 Month Jumbo Certificate
1.51%$1k-Business 24 Month Share Certificate
1.36%$1k-18 Month Share Certificate
1.36%$50k-18 Month Jumbo Certificate
1.36%$250-18 Month Youth Share Certificate
1.36%$50k-Business 18 Month Jumbo Certificate
1.36%$1k-Business 18 Month Share Certificate
1.26%$1k-12 Month Share Certificate
1.26%$50k-12 Month Jumbo Certificate
1.26%$250-12 Month Youth Share Certificate
1.26%$50k-Business 12 Month Jumbo Certificate
1.26%$1k-Business 12 Month Share Certificate
1.10%$1k-24 Month Step- Up Certificate - 4th 6 Months
1.00%$1k-24 Month Step- Up Certificate - 3rd 6 Months
0.90%$1k-6 Month Share Certificate
0.90%$250-6 Month Youth Share Certificate
0.90%$1k-24 Month Step- Up Certificate - 2nd 6 Months
0.90%$1k-Business 6 Month Share Certificate
0.80%$1k-24 Month Step- Up Certificate - 1st 6 Months

Cornerstone Community Financial Credit Union IRA Rates

2.52%$500-60 Month IRA
2.52%$50k-60 Month Jumbo IRA
2.27%$500-48 Month IRA
2.27%$50k-48 Month Jumbo IRA
2.02%$500-36 Month IRA
2.02%$50k-36 Month Jumbo IRA
1.51%$500-24 Month IRA
1.51%$50k-24 Month Jumbo IRA
1.36%$500-18 Month IRA
1.36%$50k-18 Month Jumbo IRA
1.26%$500-12 Month IRA
1.26%$50k-12 Month Jumbo IRA

Cornerstone Community Financial Credit Union Locations
Branch Office2955 University DrAuburn Hills, MI 48326
Branch Office7291 BerniceCenter Line, MI 48015
Branch Office28543 Oregon RdPerrysburg, OH 43551
Branch Office1785 Rochester RdTroy, MI 48083
Branch Office30606 Woodward AveRoyal Oak, MI 48073
Branch Office44911 Mound RdSterling Heights, MI 48314
Branch Office4400 Heatherdowns BlvdToledo, OH 43614-3147

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