We are committed to being a leading community-focused credit union that is the cornerstone to helping members achieve their financial goals.
In 1951, a group of employees from the Chrysler Corporation's parts division obtained permission to start a credit union for their employees. With Chrysler's sponsorship, they sought federal approval to start Mo-Par Federal Credit Union.
The first month total income of $1.18 was earned in the credit union's first "office," located at the desk of one of the founding members. In May 1961, the credit union changed its name to Motor Parts Federal Credit Union (MPFCU), and the Chrysler Center Line, Michigan plant employees and their families were added to its field of membership. Shortly after, a permanent branch was built on Bernice in Center Line, followed by a branch in Perrysburg, Ohio.
Since 1994, the main office has been located in Auburn Hills, one of southeast Michigan's fastest-growing business communities. After being approved for a community charter in October 2003, MPFCU officially changed its name to Cornerstone Community Financial in April 2004 to better reflect its new membership base. Cornerstone has since opened three additional branches; two branches conveniently located in Troy, Michigan and one branch located in Royal Oak, Michigan.
Today, Cornerstone Community Financial is a progressive, full-service financial institution still owned and operated by its members. To help members reach their personal financial goals, Cornerstone offers financial products and services ranging from share certificates and Visa® credit cards to competitive lending options.
Cornerstone is also keeping up with the latest in banking technology, offering secure services like online banking, mobile banking, and eStatements, as well as innovative deposit products like Choice Reward Checking Accounts.
While we are proud to deliver today's cutting-edge technology, we've kept our pledge to continue providing the exceptional personal service our members expect and deserve.
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