Sep, 30, 2025 — CORNER STONE CREDIT UNION is a federally insured state chartered credit union headquartered in LANCASTER, TX with 2 branch locations and about $20.49 million in total assets. Opened 74 years ago in 1952, CORNER STONE CREDIT UNION has about 3,357 members and employs 11 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | CORNER STONE CREDIT UNION |
|---|---|
| Address: (Main Office) | 130 historic town sq LANCASTER, TX 75146 |
| Phone: | (972) 218-9266 |
| Fax: | (972) 218-5887 |
| Website: | https://www.cornerstonecreditunion.net/ |
| Branches: | 2 branch locations |
| Members: | 3,357 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 68011 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1952 |
| Last Audited: | Dec 01, 2024 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $20,489,403 |
| CEO/Manager: | stacey mcdonald |
| Chairperson: | Kenneth r Govan |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 1,668,684 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 929,444 |
| Unsecured Loans | 2,567,797 |
| Other Loans | 9,336,161 |
| TOTAL LOANS | 12,833,402 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -102,808 |
| Land And Building | 251,506 |
| Other Fixed Assets | 19,829 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 182,346 |
| All Other Assets | 0 |
| TOTAL ASSETS | 20,489,403 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 220,001 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 3,343,422 |
| Regular shares | 10,860,911 |
| All Other Shares & Deposits | 4,134,553 |
| TOTAL SHARES & DEPOSITS | 18,338,887 |
| TOTAL LIABILITIES | 18,558,888 |
| Regular Reserve | 0 |
| Other Reserves | 0 |
| Undivided Earnings | 1,930,515 |
| TOTAL EQUITY | 1,930,515 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 20,489,403 |
| INCOME & EXPENSE | |
| Loan Income | 785,826 |
| Investment Income | 61,075 |
| Other Income | 330,520 |
| Total Employee Compensation & Benefits | 477,084 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 589,141 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 69,901 |
| Cost of Funds | 89,065 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 21,810 |
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