To open an account, visit us at our Dickson location or give us a call today! Cornerstone Financial Credit Union ServicesĪt Cornerstone Financial Credit Union, we're your one-stop shop for financial services. Our caring local financial advisors are committed to providing you with exceptional service for life. Credit unions are not-for-profit organizations because all earnings go back to members in the form of lower loan rates, higher deposit rates, and lower fees. While banks and other financial institutions are owned by a select group of shareholders, credit unions are member-owned and operated for the benefit of their members. With a guiding philosophy of "people helping people," we're all in this together! When you join a credit union, you become not only a member but also a co-owner.
Today our membership exceeds 44,000 individuals from diverse backgrounds and occupations, with over $522 million in total assets. Since 1955, Cornerstone Financial Credit Union has provided low-cost financial services to residents of Davidson County, Tennessee, and beyond. Friday The Dickson Credit Union You Can Count On If the merger is approved, the tentative timeline for the merger to become official is Jan. In the meantime, members of both leagues will be invited to one of many townhall meetings to learn more about the consolidation, provide feedback, and ask questions. Upon consolidation, both organizations would operate under the Cornerstone League brand, serving credit unions in Arkansas, Kansas, Missouri, Oklahoma, and Texas.įollowing the due diligence process, the boards of both associations would need to vote on the approval of a merger agreement, and a vote of the members of both organizations would be required as well. “By working together while still maintaining our individual state identities, it will create an even stronger league and provide our credit unions of all sizes with more opportunities to grow.” “Our two associations complement each other in so many ways, and our focus and commitment to credit unions align very well,” he said. James Nastars, board chairman of the Heartland Credit Union Association and president/CEO of Meritrust Credit Union in Wichita, Kan., said the time is right to consider a merger. “Given the political and cultural similarities amongst our five states, we believe the combination can be smooth and productive.”
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“We at Cornerstone are excited at the possibility of expanding our model-centralized professional staffing combined with boots on the ground in each state capital-into Kansas and Missouri,” said Boyd, who is also president/CEO of Abilene Teachers Federal Credit Union in Abilene, Texas. “By removing barriers on the federal, state, and local level, we can fight regulatory burdens more effectively and strengthen our influence as a larger regional league,” she said.Ĭornerstone League Board Chairman James Boyd said that Cornerstone’s proven multi-state association model can be applied to create additional value in the Heartland region. Willard said that in combining their shared strengths, Cornerstone and HCUA can help to preserve the unique role of financial cooperatives in the marketplace. “This partnership will provide all credit unions access to more options to better serve their members and communities.” “Joining HCUA and Cornerstone together provides a unique opportunity for our leagues to maximize efforts in compliance and advocacy,” said Lisa Simmons, interim CEO at the Heartland Credit Union Association. “Partnering with Heartland can help both organizations do that.” “We believe that the infrastructure supporting our credit unions must evolve to keep pace with the way credit unions and consumers have changed,” said Willard. A merger between the two would create a five-state league serving up to 718 credit unions and 14 million members, led by Cornerstone League President/CEO Caroline Willard. Both league boards approved moving forward with the due diligence process, and a letter of intent has been signed by both organizations. The Cornerstone League and Heartland Credit Union Association are exploring the possibility of a merger. Cornerstone and HCUA merger committees have begun the due diligence process
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