Mcdowell Cornerstone Credit Union


Overview / Commentary
828-652-4141
2031 RUTHERFORD RD
MARION, NC 28752

Mcdowell Cornerstone Credit Union is headquartered in MARION and is the 39th largest credit union in the state of North Carolina. It is also the 2,710th largest credit union in the nation. It was established in 1967 and as of March of 2025, it had grown to 7 employees and 2,728 members at 1 location. Mcdowell Cornerstone Credit Union has a B+ health rating.

Field of Membership Restrictions

Membership is open to those who live or work in McDowell County in North Carolina.
See current membership details

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Health
B+
Additional Factors: Institutions with a small asset base, a short operating history, or negative return on assets can represent an instability risk beyond what their financial ratios indicate. Mcdowell Cornerstone Credit Union has a low asset base.

Health Grade Components

Overall
NCUA #60149
Year Chartered1967
Employees7
Primary Regulator
Profit Margin
Return on Assets - YTD1.06%
Return on Equity - YTD6.3%
Annual Interest Income$407K
Assets and Liabilities
AssetsQ1 2025vs Q1 2024$37MM$34.1MM
LoansQ1 2025vs Q1 2024$23.8MM$17.6MM
DepositsQ1 2025vs Q1 2024$30.5MM$28MM
Equity CapitalQ1 2025vs Q1 2024$6.2MM$5.8MM
Loan Loss AllowanceQ1 2025vs Q1 2024$140K$133K
Unbacked Noncurrent LoansQ1 2025vs Q1 2024$53K$185K
Real Estate OwnedQ1 2025vs Q1 2024$4K$4K
Rates

Rates for Mcdowell Cornerstone Credit Union are currently being reviewed.

Locations


Mcdowell Cornerstone Credit Union Locations
Branch Office2031 RUTHERFORD RDMARION, NC 28752

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