Sep, 30, 2025 — CORNERSTONE COMMUNITY FINANCIAL CREDIT UNION is a federally insured state chartered credit union headquartered in AUBURN HILLS, MI with 9 branch locations and about $444.99 million in total assets. Opened 75 years ago in 1951, CORNERSTONE COMMUNITY FINANCIAL CREDIT UNION has about 25,460 members and employs 93 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 FINANCIAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 2955 University Dr AUBURN HILLS, MI 48326 |
| Phone: | (248) 340-9310 |
| Fax: | (248) 340-0890 |
| Website: | https://www.ccfinancial.com |
| Branches: | 9 branch locations |
| Members: | 25,460 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 68641 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1951 |
| Last Audited: | Dec 01, 2024 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $444,989,763 |
| CEO/Manager: | Heidi Kassab |
| Chairperson: | Timothy McGlinchey |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 26,717,564 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 139,986,189 |
| Unsecured Loans | 43,748,133 |
| Other Loans | 194,980,263 |
| TOTAL LOANS | 378,714,586 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -3,428,490 |
| Land And Building | 20,146,973 |
| Other Fixed Assets | 1,604,701 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 3,285,233 |
| All Other Assets | 595,606 |
| TOTAL ASSETS | 444,989,763 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 342,122 |
| Notes & Interest Payable | 52,450,000 |
| Accounts Payable & Other Liabilities | 4,666,506 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 64,983,608 |
| Regular shares | 73,249,340 |
| All Other Shares & Deposits | 195,900,638 |
| TOTAL SHARES & DEPOSITS | 334,133,585 |
| TOTAL LIABILITIES | 391,592,213 |
| Regular Reserve | 0 |
| Other Reserves | 5,420,521 |
| Undivided Earnings | 47,977,029 |
| TOTAL EQUITY | 53,397,550 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 444,989,763 |
| INCOME & EXPENSE | |
| Loan Income | 18,152,257 |
| Investment Income | 880,033 |
| Other Income | 2,140,551 |
| Total Employee Compensation & Benefits | 6,561,253 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 6,555,344 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 2,149,000 |
| Cost of Funds | 5,542,941 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 2,833,661 |
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