Your deposits are safe and secure
A note to our valued members:
First and foremost, thank you for your membership and for calling Cornerstone your financial home. Your trust in us is not taken for granted. As such, we would like to assure you in the wake of the closure of SVB and Signature Bank, Cornerstone Community Financial Credit Union continues to be a stable and secure financial institution for all your banking needs.
Cornerstone prides itself on maintaining the highest financial safety and security ratings assigned by Michigan regulators. The credit union’s balance sheet is widely diversified with strong and meticulously managed financials which are regularly tested against varying economic influences.
Additionally, we’d like to remind you all member deposits are insured up to $250,000 per account by the NCUA, through the National Credit Union Share Insurance Fund (NCUSIF), with additional coverage of up to $250,000 for certain retirement accounts. Not one penny has ever been lost by a member of a federally insured credit union.
If you have any questions or concerns and would like to speak with a team member, please reach out at your convenience and it will be our pleasure to assist you. Thanks again, for trusting the Credit Union in your Corner.
President & CEO