Sep, 30, 2025 — CORNERSTONE CREDIT UNION is a federally insured state chartered credit union headquartered in FREEPORT, IL with 3 branch locations and about $164.48 million in total assets. Opened 87 years ago in 1939, CORNERSTONE CREDIT UNION has about 12,137 members and employs 38 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 CREDIT UNION |
|---|---|
| Address: (Main Office) | 550 W Meadows Dr FREEPORT, IL 61032-7610 |
| Phone: | (815) 235-5855 |
| Fax: | (815) 235-5970 |
| Website: | https://www.cornerstonecu.org |
| Branches: | 3 branch locations |
| Members: | 12,137 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 60189 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1939 |
| Last Audited: | Dec 01, 2024 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $164,477,558 |
| CEO/Manager: | Gail L Clore |
| Chairperson: | Charles C Beyer |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 17,898,069 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 41,400,401 |
| Unsecured Loans | 2,674,043 |
| Other Loans | 56,413,203 |
| TOTAL LOANS | 100,487,645 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -966,631 |
| Land And Building | 3,246,991 |
| Other Fixed Assets | 314,737 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 1,391,108 |
| All Other Assets | 24,680 |
| TOTAL ASSETS | 164,477,558 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 24,685 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 1,351,383 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 25,664,666 |
| Regular shares | 60,549,808 |
| All Other Shares & Deposits | 60,415,509 |
| TOTAL SHARES & DEPOSITS | 146,629,983 |
| TOTAL LIABILITIES | 148,006,051 |
| Regular Reserve | 0 |
| Other Reserves | 314,632 |
| Undivided Earnings | 16,156,875 |
| TOTAL EQUITY | 16,471,507 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 164,477,558 |
| INCOME & EXPENSE | |
| Loan Income | 4,289,874 |
| Investment Income | 2,183,632 |
| Other Income | 779,424 |
| Total Employee Compensation & Benefits | 2,188,865 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 2,133,286 |
| Non-operating Income & (Expense) | 26,191 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 356,418 |
| Cost of Funds | 2,417,342 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 758,714 |
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