Mcdowell Cornerstone Credit Union
Overview / Commentary
Mcdowell Cornerstone Credit Union is headquartered in MARION and is the 49th largest credit union in the state of North Carolina. It is also the 3,012th largest credit union in the nation. It was established in 1967 and as of June of 2018, it had grown to 7 employees and 3,023 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 Q2 2018
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 | 0.73% |
| Return on Equity - YTD | 4.02% |
| Annual Interest Income | $428.00K |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2018vs Q2 2017 | $27.7MM$27.4MM |
| Loans | Q2 2018vs Q2 2017 | $11.7MM$12.3MM |
| Deposits | Q2 2018vs Q2 2017 | $22.4MM$22.2MM |
| Equity Capital | Q2 2018vs Q2 2017 | $5.0MM$4.8MM |
| Loan Loss Allowance | Q2 2018vs Q2 2017 | $61.00K$87.00K |
| Unbacked Noncurrent Loans | Q2 2018vs Q2 2017 | $208.00K$316.00K |
| Real Estate Owned | Q2 2018vs Q2 2017 | $15.00K$40.00K |
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Mcdowell Cornerstone Credit Union Savings Account Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 1.00% | - | - | IRA Account | |
| 0.25% | $5 | - | Regular Share Account |
Mcdowell Cornerstone Credit Union CD Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 0.65% | $10k | - | 18 Month CD | |
| 0.45% | $2.5k | - | 12 Month CD | |
| 0.25% | $1k | - | 6 Month CD |
Locations
| Mcdowell Cornerstone Credit Union Locations | ||
|---|---|---|
| Branch Office | 2031 RUTHERFORD RD | MARION, NC 28752 |