MCDOWELL CORNERSTONE Credit Union Profile

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MCDOWELL CORNERSTONE

Charter #60149 | NCUA Region 2 | FISCU
Low-Income Designation: Yes
Report Date: 2025

Headquarters Contact & Staff

Contact & Info

Phone: (828) 652-4141

Fax: (828) 652-9343

Founding Date: N/A

Website: http://WWW.MCDOWELLCORNERSTONE.COM

Personnel & Operations

President: MORGAN, LISA

Manager: YOUNG, SHERRY

FT Employees: 7

PT Employees: 0

Designations & Ratios

MDI Status: No

RBC Ratio: 0%

Membership Type: 99

Branches: 1

Hours: MON - WED & FRI 8:30-5:00 THURS 8:30-6:00

Credit Union Profile Summary

MCDOWELL CORNERSTONE is a FISCU Credit Union. With a total of 2,783 members [1], this institution manages approximately $37,033,561 in total assets [1]. It proudly serves as a Low-Income Designated institution. Key financial indicators show a solid Net Worth Ratio of 17.27% [1] and a strong Loan-to-Share Ratio, with loan growth over the last four quarters at 13.04% [1].

Financial Snapshot

Total Assets [1]
$37,033,561

Total economic resources.

Total Loans [1]
$23,477,563

Total value of outstanding loans.

Total Deposits [1]
$30,292,103

Total funds deposited by members.

Members [1]
2,783

Number of active members.

Performance Ratios

Net Worth Ratio [1]
17.27%

This is the credit union's safety cushion; 7.0% is the regulatory minimum. A higher ratio means the credit union is stable.

Return on Assets (ROAA) [1]
1.56%

Measures profitability. Shows profit generated per dollar of assets. Near 1.0% is considered strong.

Loan-to-Share Ratio [1]
77.50%

Measures lending activity using member deposits. Below 100% is generally healthy, balancing lending and liquidity.

Four-Quarter Growth

Asset Growth (4Q) [1]
↑ 5.39%

Indicates change in total size. Positive growth means the credit union is expanding its operations.

Loan Growth (4Q) [1]
↑ 13.04%

Shows change in lending activity. Positive growth means they are actively increasing their lending business.

Member Growth (4Q) [1]
↑ 0.91%

Indicates change in member count. Positive growth is a sign of a healthy, expanding member base.

Headquarters Location & Map

Headquarters Address

2031 RUTHERFORD RD

MARION, NC, 28752
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Member Ratings & Reviews

Average Member Rating:

N/A / 5.0

Total Approved Reviews:

0

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Branch Locations

Found 1 branches reported by MCDOWELL CORNERSTONE (Charter #60149).

Main Office

MAIN Main Office

Type: Corporate Office

2031 RUTHERFORD RD

Marion, NC 28752

Phone: (828) 652-4141

Services: Member Services, Drive-Thru

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