Cornerstone Credit Union Sterling IL | Low Mortgage Rates & Business Banking

Introduction

Welcome to Cornerstone Credit Union, your trusted financial partner in Sterling, IL! Established in 1939, we have proudly served our community for over 80 years, building lasting relationships and helping our members achieve their financial goals. With a total membership of 10,321 and assets reaching an impressive $153,950,400, we are dedicated to providing personalized banking solutions tailored to your unique needs. Located at 615 W 3rd St, Sterling, IL 61081, our branch is not just a place to bank; it's a hub for community support and engagement. While you can visit us at this address for all your banking needs, official correspondence should be sent to the same location. Our friendly team of 36 employees is here to assist you with everything from checking accounts to auto loans and personal financing. At Cornerstone Credit Union, we pride ourselves on our strong financial standing. With total deposits of $13,429,563 and a net worth of $15,381,379, we ensure that your money is safe and secure. Our commitment to serving you extends beyond just numbers; we strive to make a positive impact in our local community through various initiatives and programs. Under the leadership of our CEO, Gail Clore, and Board President, Charles Beyer, we are focused on creating an inclusive environment where every member feels valued. Whether you're looking for competitive loan rates or convenient online banking services, we're here to help you every step of the way. We invite you to visit us today or give us a call at 800-711-3277. Let us be part of your financial journey! For more information about our services and offerings, check out our website at Cornerstone Credit Union.

Branch History & Mission

Commitment to Innovation

As we continue to grow, we are committed to integrating modern technology into our services. Our digital advancements include online banking and mobile payments that ensure convenience for all members. We also prioritize accessibility by being ADA compliant and offering services like shared branches for even greater reach. For those who prefer face-to-face interactions, we provide drive-thru banking for quick transactions along with friendly service during operating hours: Monday through Friday from 9 AM - 5 PM (with extended hours on Wednesday starting at 9:30 AM) and Saturday from 9 AM - Noon for drive-thru customers. In closing, we invite you to become part of the Cornerstone family. Experience the benefits of membership with us where your success is at the heart of everything we do. Visit us today or call us at 800-711-3277 to learn more about how we can assist you on your financial journey!

Our Mission

At Cornerstone Credit Union, our mission is simple yet powerful: We strive to empower our members through accessible financial solutions while fostering a sense of community. We aim to provide not just banking services but also valuable resources that help individuals and families achieve their financial goals. From personal banking options like checking and savings accounts to auto loans, mortgages, and credit cards with rewards, we are here to support you every step of the way. We take pride in serving our community beyond just financial transactions. Our partnerships with local organizations and outreach programs demonstrate our commitment to making a positive impact in Sterling and surrounding areas. We believe that when our members succeed, our community flourishes.

Branch Location & Accessibility

Convenient Location

Nestled near local landmarks, we're just a stone's throw away from the bustling downtown area, making us easily accessible for everyone in Whiteside County. Ample parking is available right outside our door, so you can pop in without any hassle. Our building is fully ADA compliant, featuring ramps and accessible entrances to ensure that all members of our community can visit us comfortably.

Get In Touch!

We invite you to visit us at Cornerstone Credit Union or give us a call at 800-711-3277 if you have any questions. Our friendly team is here to assist you with all your financial needs. Come see how we can help you achieve your financial goals!

Operating Hours That Fit Your Schedule

At Cornerstone Credit Union, we understand that life gets busy. That's why we offer flexible operating hours to cater to your needs. Our lobby is open Monday, Tuesday, Thursday, and Friday from 9 AM to 5 PM, and on Wednesdays from 9:30 AM to 5 PM. For those quick drive-thru transactions, we're here for you on Saturdays from 9 AM until noon.

Services Tailored for You

Our branch offers a variety of services designed to help you manage your finances effectively. From personal banking options like checking and savings accounts to auto loans and mortgage refinancing, we've got you covered. Additionally, we provide online and mobile banking services for easy access anytime you need it. Plus, our drive-thru service allows for convenient deposits and withdrawals without ever leaving your car. If you're looking for a shared service center experience, you're in luck! We proudly participate in shared branch transactions, allowing members of partner credit unions to enjoy the same great services we offer. And yes don't forget about our ATM availability for those who prefer cash withdrawals or balance checks on-the-go.

Member Eligibility

Becoming a member of Cornerstone means joining a warm and welcoming community that values your financial well-being. If you live, work, or attend school in the area around our branch at 615 W 3Rd St Sterling Il 61081, you're likely eligible to join us! We believe that everyone deserves access to personalized banking services, so we invite you to explore how you can benefit from being part of our credit union. Not only will you find tailored solutions for your financial needs, but you'll also enjoy lower fees and better rates compared to traditional banks. To learn more about eligibility details. When you're ready to take the next step in your financial journey, opening an account is simple! You can find all the information you need at http://www.cornerstonecu.org/banking/personal/loans-and-credit-cards.aspx or give us a call at (800) 711-3277. We can't wait to welcome you into our family!

Business Banking & Commercial Services

Merchant Services That Make Sense

Imagine having a reliable partner to handle your payment processing needs. Our merchant services provide just that allowing you to focus on what you do best: running your business. Whether it's accepting credit cards or managing transactions seamlessly, we offer tailored solutions that can enhance your cash flow and improve customer satisfaction. Ready to take your business to the next level? Visit us at 615 W 3Rd St Sterling Il 61081 or call us at (800) 711-3277 to learn more about how our business banking and commercial services can work for you!

Supporting Your Business Growth

Our commitment to supporting businesses is evident, with investments in business growth through our commercial lending programs: - We've funded over $59 in commercial loans for our members, helping businesses scale and succeed. - We also support the broader business community with $3 in non-member commercial loans, providing flexible financing solutions. - With an outstanding commercial loan portfolio of $8,556,718, we continue to drive economic growth by financing new and expanding businesses.

Comprehensive List Of Services

Additional Services

Our commitment extends beyond just basic banking. We offer drive-thru services for quick transactions without needing to leave your car. Members of partner credit unions can also benefit from basic shared branch transactions at our location, making it easy to access their accounts no matter where they bank. At Cornerstone, we're here to help simplify your financial life while providing excellent customer service. If you're interested in learning more about how we can assist you or want to open an account today, feel free to reach out at (800) 711-3277 or visit us at our branch. Together, let's achieve your financial goals!

Business Banking

For entrepreneurs and small businesses, we offer a suite of business banking services designed to support growth and success. From merchant services that simplify payment processing to flexible business loans, we understand the challenges faced by local businesses and aim to provide practical solutions.

Credit Cards with Rewards

Who doesn't love rewards? With our credit cards, you can earn points for everyday purchases, giving you even more value from your spending. It's like getting rewarded just for living your life!

Digital Banking

In today's fast-paced world, convenience is key. That's why we've invested in robust online and mobile banking platforms. You can easily check balances, transfer funds, or pay bills right from your smartphone or computer. Plus, our ATMs provide access for cash withdrawals and balance checks whenever you need them.

Personal Banking

Managing your finances should be simple and straightforward. That's why we offer personal banking services including checking and savings accounts that help you keep track of your money while earning interest. Imagine having the peace of mind knowing that your funds are safe and accessible whenever you need them. Our auto loans and vehicle financing options make it easier for you to get behind the wheel of a new car, while our mortgage loans and refinancing services can help turn the dream of homeownership into reality. Plus, if you're looking to consolidate debt or fund personal projects, our personal loans have got you covered.

Digital & Online Banking

Key Features

Enjoy the peace of mind that comes with our electronic signature authorization feature. You can sign documents securely from your device without needing to visit a branch. Plus, with e-statements available, you'll have easy access to your financial records without the clutter of paper statements. For those who like to keep things simple, our mobile payments feature allows you to make quick payments directly from your smartphone. It's perfect for busy lifestyles where every second counts! If you ever need to send money to friends or family, our person-to-person transfers make it hassle-free though please note this service isn't currently offered at Cornerstone. At Cornerstone, we prioritize your security while ensuring accessibility. Our online platform is equipped with advanced security features to protect your sensitive information so you can bank with confidence. Whether you're checking balances or making payments, know that your data is safe. In summary, with our comprehensive digital and online banking services, managing your money has never been easier or more secure. Explore these options today at https://www.cornerstonecu.org/home.aspx and take control of your financial journey!

Financial Strength

Conclusion

Our financial strength means we can continue serving you with confidence. Whether you're saving, borrowing, or planning for the future, Cornerstone is your trusted partner. Visit us at 615 W 3Rd St Sterling Il 61081 or call (800) 711-3277 to learn more about how we can help you achieve your financial goals.

Dedicated Team

We also take pride in having 35 full-time employees and 1 part-time employees, ensuring our branches are always ready to serve you with a knowledgeable, committed team. Total Share Accounts stand at 19,791, showcasing a strong and growing member base that trusts us with their finances.

Lending Capacity

Our lending capacity is robust with $86,444 in used auto loans and $95,712,580 in total loans and leases. This means we are here to help you finance your dreams be it a new car or other personal needs. Furthermore, our $618,013 reflects our operational efficiency, enabling us to continue offering competitive loan rates and solid financial products for our members.

Member Savings

Members' savings are secured through $36,385,480 in share certificates and $14,576,217 in money market shares, offering stable and rewarding financial growth opportunities. Unlike traditional banks, we prioritize our members. With non-member deposits at $0, we ensure that our resources are focused on benefiting you through better loan rates, lower fees, and exclusive perks.

Our Financial Health

With a net worth of $15,381,379, we maintain strong financial health, allowing us to offer better rates, lower fees, and enhanced member services. Our net worth ratio of 9.98% demonstrates a solid capital foundation, ensuring that we can continue providing loans, competitive savings rates, and uninterrupted services even in uncertain economic times.

Reinvestment in Services

With $12,300,427 in undivided earnings, we reinvest in innovative banking tools, stronger lending options, and enhanced security measures to serve our members better. This commitment allows us to support your financial goals effectively.

Loan Offering

Auto Loans

Looking to buy a new car? Our auto loans offer some of the lowest rates in the industry, with over $34,002,020 in used vehicle loans and $11,937,222 in new vehicle loans already helping members get on the road. We provide flexible terms and competitive rates that fit your budget. Plus, if you're interested in refinancing your existing auto loan, we can help with that too!

Commercial Loans

For business owners, our outstanding commercial loans totaling $8,556,718 provide the capital needed to grow and expand your operations. We're here to support local businesses with tailored solutions that meet their unique needs. Our team is ready to assist you with any questions you may have about eligibility or application processes. Performance insights and financial data are sourced from the National Credit Union Administration (NCUA) at: https://www.ncua.gov, based on the latest results. Feel free to reach out to us at 800-711-3277 for more information or visit our website at Cornerstone Credit Union to explore all our offerings further!

Credit Lines and Personal Loans

If you're looking for additional flexibility in managing your finances, we also offer credit lines totaling $42,041,705. These lines of credit can serve as a safety net for unexpected expenses or planned purchases. For those seeking unsecured credit options, we provide flexible terms on unsecured credit card loans as well. While currently there are no outstanding unsecured credit card loans offered at this time, keep us in mind for future opportunities.

Mortgage Loans

Thinking about homeownership? Our mortgage options, including Junior Lien 1-4 Family Residential Properties loans totaling $1,511,311, make buying or refinancing simple. We are dedicated to guiding you through the process and ensuring you find the right solution for your situation.

Loan Aggregator

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How LendMesh Ensures Accurate Loan Comparisons

Loan data on LendMesh is sourced directly from banks and credit unions that comply with National Credit Union Administration (NCUA) lending standards, based on the latest results (Source: https://www.ncua.gov). This commitment ensures that users receive fair and transparent offers that reflect the current market conditions.

CORNERSTONE CREDIT UNION - Sterling, IL

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