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  3. Cornerstone Credit Union
EIN 36-2217287

Cornerstone Credit Union

IRS 501(c) type
501(c)(14)
Num. employees
49
City
Freeport
State
Illinois
Year formed
1939
Most recent tax filings
2022-12-01
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
$6,965,510
2022
Total expenses
$5,613,826
2022
Total assets
$145,441,779
2022
Num. employees
49
2022

Program areas at Cornerstone Credit Union

Provided 157,319 consumer loans to members.
Provided checking services to 6,378 members;provided savings services to 12,675 members.
Provided 509 mortgage and home equity loans to members.

Personnel at Cornerstone Credit Union

NameTitleCompensation
David HoffertVice President of Operations$163,777
Jim CoonsVice President of Finance$50,464
Gail ClorePresident$169,681
Valerie Rothermel-NelsonSecretary$0
Connie KraftDirector$0
...and 7 more key personnel

Financials for Cornerstone Credit Union

RevenuesFYE 12/2022
Total grants, contributions, etc.$0
Program services$6,081,012
Investment income and dividends$971,872
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$-87,374
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$0
Total revenues$6,965,510

Form 990s for Cornerstone Credit Union

Fiscal year endingDate received by IRSFormPDF link
2022-122023-08-07990View PDF
2021-122022-05-12990View PDF
2020-122021-05-11990View PDF
2019-122020-12-07990View PDF
2018-122019-09-14990View PDF
...and 10 more Form 990s

Organizations like Cornerstone Credit Union

OrganizationLocationRevenue
Joplin Metro Credit UnionJoplin, MO$3,448,791
Mutual Credit Union (MCU)Vicksburg, MS$17,518,110
Service One Credit Union (SOCU)Bowling Green, KY$12,679,775
Premier Credit UnionPalatine, IL$5,717,485
Navigator Credit UnionPascagoula, MS$26,230,497
Journey Credit UnionDes Moines, IA$5,298,371
Mercy Credit UnionSpringfield, MO$3,619,059
Western Cooperative Credit UnionWilliston, ND$20,687,023
Illinois Educators Credit UnionSpringfield, IL$5,723,602
Telcomm Credit UnionSpringfield, MO$13,563,264
Data update history
October 16, 2024
Updated personnel
Identified 1 new personnel
September 24, 2023
Posted financials
Added Form 990 for fiscal year 2022
September 24, 2023
Updated personnel
Identified 2 new personnel
August 12, 2023
Posted financials
Added Form 990 for fiscal year 2021
April 13, 2022
Updated personnel
Identified 2 new personnel
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
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