Mcdowell Cornerstone Credit Union
Overview / Commentary
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
Health
B+
Data as of Q1 2025
Learn why bank health mattersAdditional 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 Chartered | 1967 |
| Employees | 7 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 1.06% |
| Return on Equity - YTD | 6.3% |
| Annual Interest Income | $407K |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q1 2025vs Q1 2024 | $37MM$34.1MM |
| Loans | Q1 2025vs Q1 2024 | $23.8MM$17.6MM |
| Deposits | Q1 2025vs Q1 2024 | $30.5MM$28MM |
| Equity Capital | Q1 2025vs Q1 2024 | $6.2MM$5.8MM |
| Loan Loss Allowance | Q1 2025vs Q1 2024 | $140K$133K |
| Unbacked Noncurrent Loans | Q1 2025vs Q1 2024 | $53K$185K |
| Real Estate Owned | Q1 2025vs Q1 2024 | $4K$4K |