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 41st largest credit union in the state of North Carolina. It is also the 2,756th largest credit union in the nation. It was established in 1967 and as of September of 2024, it had grown to 8 employees and 2,902 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
Employees8
Primary Regulator
Profit Margin
Return on Assets - YTD1.08%
Return on Equity - YTD6.41%
Annual Interest Income$1MM
Assets and Liabilities
AssetsQ3 2024vs Q3 2023$35.4MM$34.8MM
LoansQ3 2024vs Q3 2023$22.7MM$16.1MM
DepositsQ3 2024vs Q3 2023$29.2MM$28.6MM
Equity CapitalQ3 2024vs Q3 2023$5.9MM$5.8MM
Loan Loss AllowanceQ3 2024vs Q3 2023$167K$218K
Unbacked Noncurrent LoansQ3 2024vs Q3 2023$158K$91K
Real Estate OwnedQ3 2024vs Q3 2023$0$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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