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CORNERSTONE COMMUNITY CREDIT UNION

Sep, 30, 2025 — CORNERSTONE COMMUNITY CREDIT UNION is a federally insured state chartered credit union headquartered in FAIRFIELD, CT with 4 branch locations and about $69.50 million in total assets. Opened 92 years ago in 1934, CORNERSTONE COMMUNITY CREDIT UNION has about 5,031 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:5,031
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:Dec 01, 2024
FHLB Member:No
Low Income Designation:No
Assets:$69,499,951
CEO/Manager:RALPH CERVERO
Chairperson:KATHLEEN PEREZ

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Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 5,303,132
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 30,001,848
 Unsecured Loans 1,280,251
 Other Loans 9,375,051
 TOTAL LOANS 36,416,009
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -343,917
 Land And Building 1,905,316
 Other Fixed Assets 113,964
 NCUSIF (National Credit Union Share Insurance Fund) Deposit 611,569
 All Other Assets 0
  TOTAL ASSETS 69,499,951
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 131,506
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 13,151,368
 Regular shares 42,939,096
 All Other Shares & Deposits 5,927,926
  TOTAL SHARES & DEPOSITS 62,540,976
  TOTAL LIABILITIES 62,280,356
 Regular Reserve 0
 Other Reserves 2,930,545
 Undivided Earnings 3,426,507
  TOTAL EQUITY 6,357,052
  TOTAL LIABILITIES, SHARES, & EQUITY 69,547,141
INCOME & EXPENSE  
 Loan Income 976,413
 Investment Income 268,125
 Other Income 175,583
 Total Employee Compensation & Benefits 830,153
 NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense 0
 Total Other Operating Expenses 887,810
 Non-operating Income & (Expense) 12,315
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense -206,645
 Cost of Funds 7,363
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 78,530
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