1. Directory
  2. Illinois
  3. Cornerstone Credit Union
EIN 36-2217287

Cornerstone Credit Union

IRS 501(c) type
501(c)(14)
Num. employees
40
City
Freeport
State
Illinois
Year formed
1939
Most recent tax filings
2023-12-01
NTEE code, primary
W60: Financial Institutions, Credit Unions
Description
Cornerstone Credit Union is a community-focused financial cooperative that commits to providing quality, differentiated services to its member-owners. Its professional staff and volunteers ensure fiscal stability through responsible leadership and growth. It provides checking services to 6,477 members, savings services to 13,618 members, and has provided 475 mortgage and home equity loans to its members.
Total revenues
$7,921,070
2023
Total expenses
$7,368,293
2023
Total assets
$142,504,905
2023
Num. employees
40
2023

Program areas at Cornerstone Credit Union

Provided financial services to 9,519 members, provided 4,944 consumer and real estate loans, maintained 18,516 deposit accounts for the benefit of our members/owners.

Personnel at Cornerstone Credit Union

NameTitleCompensation
David HoffertVice President of Operations / Vice President / Chief Financial Officer$138,862
Jim CoonsVice President of Finance$121,249
Gail ClorePresident$175,445
Scott ArnoldVice President of Lending$114,383

Financials for Cornerstone Credit Union

RevenuesFYE 12/2023
Total grants, contributions, etc.$0
Program services$6,266,582
Investment income and dividends$1,652,653
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$1,835
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$0
Total revenues$7,921,070

Form 990s for Cornerstone Credit Union

Fiscal year endingDate received by IRSFormPDF link
2023-122024-11-18990View PDF
2022-122023-08-07990View PDF
2021-122022-05-12990View PDF
2020-122021-05-11990View PDF
2019-122020-12-07990View PDF
...and 11 more Form 990s

Organizations like Cornerstone Credit Union

OrganizationLocationRevenue
Mutual Credit Union (MCU)Vicksburg, MS$17,518,110
Joplin Metro Credit UnionJoplin, MO$3,448,791
Navigator Credit UnionPascagoula, MS$31,083,422
Indianhead Credit UnionSpooner, WI$4,748,887
Service One Credit Union (SOCU)Bowling Green, KY$16,308,398
Arsenal Credit Union (ACU)Arnold, MO$26,708,236
Alden Credit UnionChicopee, MA$8,264,319
Valley Credit Union / Valley Financial Credit UnionBillings, MT$25,980,550
Greater Kentucky Credit UnionLexington, KY$6,324,313
Kansas Teachers Community Credit UnionPittsburg, KS$5,792,128
Data update history
January 9, 2025
Posted financials
Added Form 990 for fiscal year 2023
January 7, 2025
Updated personnel
Identified 1 new personnel
January 4, 2025
Used new vendors
Identified 3 new vendors, including , , and
October 16, 2024
Updated personnel
Identified 1 new personnel
September 24, 2023
Posted financials
Added Form 990 for fiscal year 2022
Nonprofit Types
Credit unionsHeadquarter / parent organizations
Issues
No issues found
Characteristics
State / local levelCommunity engagement / volunteering
General information
Address
550 W Meadows Dr
Freeport, IL 61032
County
Stephenson County, IL
Website URL
cornerstonecu.org/home.aspx 
Phone
(815) 235-5855
IRS details
EIN
36-2217287
Fiscal year end
December
Taxreturn type
Form 990
Year formed
1939
Eligible to receive tax-deductible contributions (Pub 78)
No
Categorization
NTEE code, primary
W60: Financial Institutions, Credit Unions
NAICS code, primary
522130: Credit Unions
Parent/child status
Independent
Free account sign-up

Want updates when Cornerstone Credit Union has new information, or want to find more organizations like Cornerstone Credit Union?

Create free Cause IQ account
Cause IQ is a website that helps companies grow, maintain, and serve their nonprofit clients, and helps nonprofits find additional foundation funding. Our data and tools help professionals prospect for nonprofits, research opportunities, benchmark their clients, and enrich existing information.
Nonprofits
Product
Customers
About

© 2025 Nonprofit Metrics LLC
Terms of Service and Privacy Policy