Dec, 31, 2023 — CORNERSTONE COMMUNITY CREDIT UNION is a federally insured state chartered credit union headquartered in FAIRFIELD, CT with 4 branch locations and about $69.95 million in total assets. Opened 90 years ago in 1934, CORNERSTONE COMMUNITY CREDIT UNION has about 4,762 members and employs 14 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 CREDIT UNION |
|---|---|
| Address: (Main Office) | 1515 Black Rock Tpke FAIRFIELD, CT 06825 |
| Phone: | (203) 366-1336 |
| Fax: | (866) 763-4180 |
| Website: | https://www.cornerstoneccu.com |
| Branches: | 4 branch locations |
| Members: | 4,762 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 68674 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1934 |
| Last Audited: | Oct 01, 2023 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $69,950,603 |
| CEO/Manager: | RALPH CERVERO |
| Chairperson: | KATHLEEN PEREZ |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 3,464,540 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 28,527,568 |
| Unsecured Loans | 1,472,689 |
| Other Loans | 10,664,829 |
| TOTAL LOANS | 40,665,086 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -436,393 |
| Land And Building | 1,886,527 |
| Other Fixed Assets | 131,938 |
| NCUSIF Deposit | 611,225 |
| All Other Assets | 0 |
| TOTAL ASSETS | 69,950,603 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 1,194,651 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 12,797,775 |
| Regular shares | 39,597,352 |
| All Other Shares & Deposits | 9,394,269 |
| TOTAL SHARES & DEPOSITS | 61,789,396 |
| TOTAL LIABILITIES | 62,984,047 |
| Regular Reserve | 0 |
| Other Reserves | 2,930,545 |
| Undivided Earnings | 4,036,011 |
| TOTAL EQUITY | 6,966,556 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 69,950,603 |
| INCOME & EXPENSE | |
| Loan Income | 1,707,969 |
| Investment Income | 871,049 |
| Other Income | 425,963 |
| Total Employee Compensation & Benefits | 1,421,484 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 945,016 |
| Non-operating Income & (Expense) | 21,054 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | -12,870 |
| Cost of Funds | 70,645 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 601,760 |
| ↑ Back to Top | |