Credit Unions Near Me
National Credit Union Service Organization

CORNERSTONE FINANCIAL CREDIT UNION

Dec, 31, 2023 — CORNERSTONE FINANCIAL CREDIT UNION is a federally insured state chartered credit union headquartered in NASHVILLE, TN with 6 branch locations and about $597.96 million in total assets. Opened 62 years ago in 1962, CORNERSTONE FINANCIAL CREDIT UNION has about 47,888 members and employs 101 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


ABA Routing Number: 264080811
Name:CORNERSTONE FINANCIAL CREDIT UNION
Address:
(Main Office)
1701 21st Ave s
NASHVILLE, TN 37212-3703
Phone:(615) 385-1616
Fax:(615) 385-6845
Website:https://www.bankcfcu.org
Branches:6 branch locations
Members:47,888
Credit Union Type:Federally Insured State Chartered Credit Union
Charter Number:67972
Membership Type:State chartered natural person
Corporate Credit Union:No
Year Opened:1962
Last Audited:Sep 01, 2023
FHLB Member:Yes
Low Income Designation:No
Assets:$597,961,600
CEO/Manager:Donna M Young
Chairperson:Gary Cowan

Call Report

  • First Time Homebuyer Program
  • International Remittances
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 39,393,676
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 151,073,562
 Unsecured Loans 33,252,669
 Other Loans 300,782,086
 TOTAL LOANS 485,814,288
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -3,522,694
 Land And Building 12,807,818
 Other Fixed Assets 1,261,548
 NCUSIF Deposit 4,903,619
 All Other Assets 0
  TOTAL ASSETS 597,961,600
LIABILITIES & CAPITAL:  
 Dividends Payable 2,734,991
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 7,131,712
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 106,087,298
 Regular shares 163,215,436
 All Other Shares & Deposits 267,752,234
  TOTAL SHARES & DEPOSITS 537,054,968
  TOTAL LIABILITIES 547,056,056
 Regular Reserve 0
 Other Reserves -8,061,782
 Undivided Earnings 58,967,326
  TOTAL EQUITY 50,905,544
  TOTAL LIABILITIES, SHARES, & EQUITY 597,961,600
INCOME & EXPENSE  
 Loan Income 23,601,439
 Investment Income 1,062,173
 Other Income 3,097,012
 Total Employee Compensation & Benefits 9,894,545
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 8,793,999
 Non-operating Income & (Expense) 100,112
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 2,085,000
 Cost of Funds 6,328,689
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 4,283,406
↑ Back to Top

Other Credit Unions

METROPOLITAN TEACHERS CREDIT UNION
1605 Jefferson St
NASHVILLE, TN 37208-2902
PURITY DAIRIES EMPLOYEES FEDERAL CREDIT UNION
363 Woodycrest Ave
NASHVILLE, TN 37210
VANDERBILT UNIVERSITY EMPLOYEES CREDIT UNION
Suite 100
NASHVILLE, TN 37232-0001
LIFE CREDIT UNION
2004 Hayes St Ste 120
NASHVILLE, TN 37203-2648
LIFE CREDIT UNION
2010 CHURCH ST STE 204
NASHVILLE, TN 37203-2078
TENNESSEE DEPARTMENT OF SAFETY CREDIT UNION
1150 Foster Ave
NASHVILLE, TN 37243-4400
TENNESSEE EMPLOYEES CREDIT UNION
220 French Landing
NASHVILLE, TN 37243
PARTHENON FEDERAL CREDIT UNION
2204 Rosa L Parks Blvd
NASHVILLE, TN 37228-1306
NASHVILLE FIREMEN'S CREDIT UNION
908 Woodland St
NASHVILLE, TN 37206
ST. THOMAS CREDIT UNION
4230 Harding Pike Ste 103
NASHVILLE, TN 37205