Sep, 30, 2025 — CORNERSTONE COMMUNITY FEDERAL CREDIT UNION is a federal credit union headquartered in LOCKPORT, NY with 6 branch locations and about $709.62 million in total assets. Opened 69 years ago in 1957, CORNERSTONE COMMUNITY FEDERAL CREDIT UNION has about 43,823 members and employs 152 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | CORNERSTONE COMMUNITY FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 6485 S Transit Rd LOCKPORT, NY 14094-6331 |
| Phone: | (716) 434-2290 |
| Fax: | (716) 434-8297 |
| Website: | https://www.ccfcu.org |
| Branches: | 6 branch locations |
| Members: | 43,823 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 11723 |
|---|---|
| Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
| Corporate Credit Union: | No |
| Year Opened: | 1957 |
| Last Audited: | Dec 01, 2024 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $709,619,315 |
| CEO/Manager: | Eric Hepkins |
| Chairperson: | David M Nemi |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 37,816,308 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 362,794,696 |
| Unsecured Loans | 32,696,792 |
| Other Loans | 76,379,929 |
| TOTAL LOANS | 471,871,417 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -4,658,203 |
| Land And Building | 16,210,083 |
| Other Fixed Assets | 1,406,236 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 5,890,769 |
| All Other Assets | 56,313 |
| TOTAL ASSETS | 709,619,315 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 50,549 |
| Notes & Interest Payable | 10,789,765 |
| Accounts Payable & Other Liabilities | 4,315,532 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 120,141,870 |
| Regular shares | 329,742,423 |
| All Other Shares & Deposits | 204,140,632 |
| TOTAL SHARES & DEPOSITS | 654,024,927 |
| TOTAL LIABILITIES | 669,199,273 |
| Regular Reserve | 0 |
| Other Reserves | -5,294,356 |
| Undivided Earnings | 45,714,398 |
| TOTAL EQUITY | 40,420,042 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 709,619,315 |
| INCOME & EXPENSE | |
| Loan Income | 20,788,984 |
| Investment Income | 3,773,650 |
| Other Income | 2,254,722 |
| Total Employee Compensation & Benefits | 11,963,229 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 8,411,446 |
| Non-operating Income & (Expense) | -46 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 2,533,000 |
| Cost of Funds | 5,863,479 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 928,705 |
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