2023-05-11T16:21:11-05:00 2022-12-31 990 2022-01-01 620575774 Credit Unions chartered in the State of Tennessee Cornerstone Financial Credit Union % Rob Byrd CRED 6153856866 PO BOX 120729 Nashville TN 372120729 ROB BYRD CFO 6153856866 2023-05-11 ROB BYRD XXX-XX-XXXX false 1 AAL2 IAL1 2022 2023-04-26 12:10:37Z Cornerstone Financial Credit Union DONNA YOUNG 1701 21st Avenue S Nashville TN 37212 23967218 false 1182 X www.bankcfcu.org X 1955 TN State chartered credit union providing full range of financial service 7 7 134 7 118137 0 14935645 17165724 437303 517572 5655905 6283922 21028853 23967218 0 0 7920169 8605477 0 0 7546147 9769889 15466316 18375366 5562537 5591852 522943459 584412377 478410396 538617887 44533063 45794490 State chartered credit union offering full range of financial services false false 8605477 Employee salaries and benefits 1264421 Debit/credit card processing expenses 1521671 11391569 false false false false false false false false false false true false false false true false true false false false false false false false false false false false false true false false false true false true false false false false false false false false false false true 7459 0 false 134 true true true false false false false false false false false X 7 7 false false false false true true true true true false true true false false false false true true false X ROB BYRD 6153856828 102 Werthan Circle Franklin TN 37064 DONNA YOUNG President 40.00 X 498522 0 164974 ROB BYRD CFO 40.00 X 195376 0 9915 LAURA WILLIAMSON Executive VP 40.00 X 313375 0 89146 LINDA SUMMARELL Chief Lending Officer 40.00 X 228816 0 334247 ROD PAYNE CIO 40.00 X 204885 0 13419 KALLAR MCCOWN VP Branch Operations 40.00 X 150187 0 6916 WILLIAM FRYE VP Marketing 40.00 X 142866 0 -2305 STACIE RAWLS VP Lending 40.00 X 109762 0 -5220 JASON DILBECK VP Lending 40.00 X 104742 0 -1794 THOM RAWLS Indirect Lending Mgr 40.00 X 122924 0 6928 LISA ODY Business Lending Mgr 40.00 X 100447 0 23561 GARY COWAN Director 2.000 X 0 0 0 ROBERTA HILL Director 1.000 X 0 0 0 LELAN STATOM Director 1.000 X 0 0 0 KAREN CLABOUGH Director 1.000 X 0 0 0 AARON JEWELL Director 1.000 X 0 0 0 JOEY MACOUREK Director 1.000 X 0 0 0 KIMBERLY SILVUS Director 1.000 X 0 0 0 2171902 639787 11 false true false Interest income loans 522291 17165724 17165724 17165724 517572 517572 82226 82226 82226 82226 0 Deposit service fees 900099 3484579 3460660 23919 Loan services fees 522291 2046901 2046901 Brokerage commissions 900099 191266 191266 478950 384732 94218 6201696 23967218 23849081 118137 1591161 5625017 106513 826791 455995 -5745 37400 480902 776994 886974 832418 94847 1198216 953812 113173 Loan related expenses 1521671 Debit/credit card processing 1264421 Deposit services expenses 788969 Provision for loan losses 385000 440837 18375366 0 0 0 2518363 2740518 47037728 18871585 542834 939790 395563538 482055064 11037775 5034921 25669174 11112376 14624231 14556798 31798642 34250214 3748187 2637701 16072161 23325786 522943459 584412377 5992330 7063655 474000 8500000 472418066 522580232 478410396 538617887 X 21000000 25000000 23533063 20794490 44533063 45794490 522943459 584412377 X 5591852 -3119753 -1210672 X false true X true false false false false false false false false 4328420 4328420 13739292 5395256 8344036 141891 131101 10790 7163421 5586019 1577402 296150 296150 14556798 Perpetual contributed capital x 1201097 C Other 1436604 C 2637701 NCUA Share insurance fund deposit 4556760 Accrued interest receivable 1362597 Net pension plan asset 6227684 Other 11178745 23325786 Member deposits 522580232 522580232 false false false false false false false false false DONNA YOUNG President 438460 60062 164974 19811 683307 ROB BYRD CFO 170762 24614 9915 19811 225102 LAURA WILLIAMSON Executive VP 274552 38823 89146 14591 417112 LINDA SUMMARELL Chief Lending Officer 203542 25274 334247 11785 574848 ROD PAYNE CIO 179611 25274 13419 14591 232895 KALLAR MCCOWN VP Branch Operations 131872 18315 6916 66 157169 WILLIAM FRYE VP Marketing 124551 18315 -2305 19811 160372 STACIE RAWLS VP Lending 100958 8804 -5220 7915 112457 JASON DILBECK VP Lending 90553 14189 -1794 9541 112489 THOM RAWLS Indirect Lending Mgr 79811 43113 6928 7889 137741 LISA ODY Business Lending Mgr 85822 14625 23561 7915 131923 GARY COWAN Director ROBERTA HILL Director LELAN STATOM Director KAREN CLABOUGH Director AARON JEWELL Director JOEY MACOUREK Director KIMBERLY SILVUS Director false false false false false false K SILVUS Director Mortgage X 175000 175000 false true true K CLABOUGH Director Mortgage X 259000 253584 false true true R PAYNE Key Emp Mortgage X 300000 286206 false true true R BYRD Officer Mortgage X 288000 225000 false true true false false false false false false false false false false false false false false false false false false 939790 false false false false false false false false false false Part VI Line 6 There are no separate classes of members. Part VI Line 7a All members are eligible to vote for directors on an annual basis. Part VI Line 7b Certain decisions could require approval of membership based on by-laws or Part VI Line 7b regulations. Part VI Line 11b The annual form 990 is available for review upon request. Part VI Line 15a or b Compensation of President and Executive VP are set by the directors after Part VI Line 15a or b review of independent data. Part VI Line 19 Governing documents, policies, and financial statements are available upon Part VI Line 19 request. Part XI Line 9 Change in other comprehensive income for defined benefit pension plan