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National Credit Union Service Organization

MCDOWELL CORNERSTONE CREDIT UNION

Jun, 30, 2021 — MCDOWELL CORNERSTONE CREDIT UNION is a federally insured state chartered credit union headquartered in MARION, NC with 1 branch location and about $34.27 million in total assets. Opened 54 years ago in 1967, MCDOWELL CORNERSTONE CREDIT UNION has about 2,890 members and employs 6 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


ABA Routing Number: 253176574
Name:MCDOWELL CORNERSTONE CREDIT UNION
Address:
(Main Office)
PO BOX 519
MARION, NC 28752
Phone:(828) 652-4141
Fax:(828) 652-9343
Website:http://www.mcdowellcornerstone.com
Branches:1 branch locations
Members:2,890
Credit Union Type:Federally Insured State Chartered Credit Union
Charter Number:60149
Membership Type:State chartered natural person
Corporate Credit Union:No
Year Opened:1967
Last Audited:Jun 01, 2020
FHLB Member:No
Low Income Designation:No
Assets:$34,273,763
CEO/Manager:Amy B JOHNSON
Chairperson:PAT ESTES

Call Report

  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 19,205,259
TOTAL INVESTMENTS 4,170,208
Loans Held for Sale 0
 
 Real Estate Loans 8,024,310
 Unsecured Loans 305,753
 Other Loans 1,838,000
 TOTAL LOANS 10,288,160
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -50,374
 Land And Building 332,662
 Other Fixed Assets 31,535
 NCUSIF Deposit 253,954
 All Other Assets 42,359
  TOTAL ASSETS 34,273,763
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 457,948
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 5,424,675
 Regular shares 18,217,543
 All Other Shares & Deposits 4,703,976
  TOTAL SHARES & DEPOSITS 28,346,194
  TOTAL LIABILITIES 28,804,142
 Regular Reserve 988,538
 Other Reserves 0
 Undivided Earnings 4,481,083
  TOTAL EQUITY 5,469,621
  TOTAL LIABILITIES, SHARES, & EQUITY 34,273,763
INCOME & EXPENSE  
 Loan Income 281,568
 Investment Income 38,408
 Other Income 47,214
 Total Employee Compensation & Benefits 184,314
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 156,113
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 0
 Cost of Funds 15,635
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 13,504
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