2024-05-10T11:41:27-05:00 2023-12-31 990 2023-01-01 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 2024-05-10 ROB BYRD XXX-XX-XXXX false 1 AAL2 IAL1 2023 2023-04-26 12:10:37Z Cornerstone Financial Credit Union DONNA YOUNG 1701 21st Avenue S Nashville TN 37212 31385639 false 1182 X www.bankcfcu.org X 1955 TN State chartered credit union providing full range of financial service 7 7 138 7 114848 0 17165724 23601439 517572 1062173 6283922 6722027 23967218 31385639 0 0 8605477 9894545 0 0 9769889 17207688 18375366 27102233 5591852 4283406 584412377 597961600 538617887 547056056 45794490 50905544 State chartered credit union offering full range of financial services false false 9894545 Employee salaries and benefits 6328689 Interest expense 1675275 Loan related expenses 17898509 false false false false false false false false false false true false false false true false true true 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 8233 0 false 138 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 564140 0 235191 ROB BYRD CFO 40.00 X 220710 0 12432 LAURA WILLIAMSON Executive VP 40.00 X 363804 0 168235 ROD PAYNE CIO 40.00 X 119803 0 107433 KALLAR MCCOWN VP Branch Operations 40.00 X 170233 0 8619 WILLIAM FRYE VP Marketing 40.00 X 163700 0 15102 STACIE RAWLS VP Lending 40.00 X 177865 0 22647 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 KIMBERLY SILVUS Director 1.000 X 0 0 0 MATT MIELKE VP Inf Technology 40.00 X 151180 0 0 PATRICIA KOVOLYAN AVP Mtg Bus Lending 40.00 X 113211 0 4192 KRAIG VAN DYKE IT Manager 40.00 X 109892 0 7197 KATHERINE MORLEY AVP Consumer Lending 40.00 X 103990 0 5395 CHRISTY PRATT AVP Credit Operations 40.00 X 102655 0 -447 ANDY GRAHAM Director 1.000 X 0 0 0 2361183 585996 16 false true false Interest income loans 522291 23601439 23601439 23601439 1062173 1062173 100091 100091 100091 100091 0 Deposit service fees 900099 3476148 3456422 19726 Loan services fees 522291 2423660 2423660 Brokerage commissions 900099 176682 176682 545446 450324 95122 6621936 31385639 31270791 114848 1811632 6120184 517117 899038 546574 47317 52228 442239 801344 961452 813808 101385 6328689 908543 121803 Loan related expenses 1675275 Debit/credit processing 1558080 Deposit services expense 886289 Provision for loan losses 2085000 424236 27102233 0 0 0 2740518 2420108 18871585 36973568 939790 641885 482055064 481649709 5034921 4783008 26090284 12020918 14556798 14069366 34250214 31466872 2637701 2117384 23325786 23839700 584412377 597961600 7063655 9506703 474000 360000 8500000 522580232 537189353 538617887 547056056 X 25000000 25000000 20794490 25905544 45794490 50905544 584412377 597961600 X 4283406 1124567 -296919 X false true X true false false false false false false false false 4328420 4328420 14087180 5836870 8250310 141891 131448 10443 7314148 6052600 1261548 218645 218645 14069366 Perpetual contributed cap 1201097 C Other 916287 C 2117384 NCUA Share Insurance Fund 4903619 Accrued interest rec 1740518 Net pension asset 5714152 Other 11481411 23839700 Member deposits 537054968 Allowance for unfunded 134385 537189353 X X false false false false false false false false false DONNA YOUNG President 478435 85705 235191 21605 820936 ROB BYRD CFO 186585 34125 12432 21605 254747 LAURA WILLIAMSON Executive VP 309552 54252 168235 16072 548111 ROD PAYNE CIO 97802 22001 107433 2675 229911 KALLAR MCCOWN VP Branch Operations 144858 25375 8619 66 178918 WILLIAM FRYE VP Marketing 138325 25375 15102 21605 200407 STACIE RAWLS VP Lending 150739 27126 22647 8694 209206 GARY COWAN Director ROBERTA HILL Director LELAN STATOM Director KAREN CLABOUGH Director AARON JEWELL Director KIMBERLY SILVUS Director MATT MIELKE VP Inf Technology 129804 21376 14127 165307 PATRICIA KOVOLYAN AVP Mtg Bus Lending 104764 8447 4192 8694 126097 KRAIG VAN DYKE IT Manager 95933 13959 7197 21579 138668 KATHERINE MORLEY AVP Consumer Lending 94656 9334 5395 40 109425 CHRISTY PRATT AVP Credit Operations 92957 9698 -447 66 102274 ANDY GRAHAM Director false false false false false false K SILVUS Director Mortgage X 175000 167571 false true true K CLABOUGH Director Mortgage X 259000 248323 false true true K CLABOUGH Director HELOC X 15000 5374 false true true R BYRD Officer Mortgage X 288000 194000 false true true W FRYE Key Employee Personal X 1200 570 false true true S RAWLS Key Employee Vehicle X 52023 26047 false true true false false false false false false false false false false false false 641885 false false false false false false false false false false Part VI Line 1a No material differences in voting rights Part VI Line 6 No separate classes of members Part VI Line 7a All members have equal voting rights 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 Form 990 is available for review upon request. Part VI Line 15a or b Compensation of President and EVP are set by directors after review of Part VI Line 15a or b independent data. Part VI Line 19 Governing documents, policies, and financial statements are available Part VI Line 19 upon request. Part XI Line 9 Change in comprehensive income for defined benefit plan Part XI Line 9 CECL Transition Provision