Corner Stone Credit Union

Not tax-deductible

Lancaster, TXMutual-benefit / member-servingSince 1952Mutual / membership EIN 75-0992724Revenue $1.7M in FY2025

On file with the IRS130 Historic Town Sq, 75146-3200 · Lancaster, TXTax-exempt since Jun 1976

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Not-For-Profit financial coop owned by its members

100¢ of each $1 spent went to programs.
Run by 8 volunteers and 11 employees.
Mission: Form 990 Part I, line 1 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2025 · Form 990Independent: from IRS data, not the org
Download 990
Tax-deductible gifts
No
Donations are not tax-deductible
Worth a look: the IRS does not list gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
6 of 6
filings with a surplus
Average surplus $103K a year · 6% of revenue · last 6 filings
Looks good: a surplus in 6 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
100%
of spending
Looks good: 100% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$105K
to officers and key staff · 6% of spending
Looks good: pay to officers and key staff is 6% of spending; 15% or less.
Pt VII · Sec A
5 mo
of spending, in cash
Plus $5.7M in investments, Pt X · Ln 11–13
Looks good: 4.8 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$18.1M
90% of total assets
Concern: liabilities are 90% of assets; over 80%.
Pt X · Ln 26
Independent board members
7
of 7 voting members
Looks good: 7 of 7 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$1.7M
-10% vs prior year
Spent
$1.7M
To programs
100%
Net assets
$2.0M
By yearFY2020–FY2025
Revenue
$1.7M
FY2025▼ -10%
Tap a bar for its year
Revenue by fiscal year
FY2020$1.5M
FY2021$1.4M
FY2022$1.5M
FY2023$1.6M
FY2024$1.9M
FY2025$1.7M
Expenses
$1.7M
FY2025▼ -11%
Tap a bar for its year
Expenses by fiscal year
FY2020$1.4M
FY2021$1.2M
FY2022$1.3M
FY2023$1.5M
FY2024$1.9M
FY2025$1.7M
Net assets
$2.0M
FY2025▲ +3%
Tap a bar for its year
Net assets by fiscal year
FY2020$1.4M
FY2021$1.6M
FY2022$1.8M
FY2023$1.9M
FY2024$1.9M
FY2025$2.0M

From the FY2025 Form 990 · figures checked against the IRS filing · see the original

990 PDF Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Jun 1976.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

100 cents of each dollar spent went to programs.

Program services 100% · $1.7M

Form 990 Part IX, line 25. Every line is in By the numbers.

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Who runs it and what they're paid

7 people listed on the 990; $105K paid to officers and key staff.

Part VII, Section A · reportable compensation
$104,502Pt VII · Sec A
Vice Chairman
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Stacey McDonald$104,502$98,928$98,928$104,606$90,630$97,122

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo
  • Loans to or from officersSch L · Pt II5 listed

Programs and updates

Provides financial services and ownership opportunities to its members.

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Provided by the organization

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1 program · in their own filed words · FY2025
01

We offer a variety of lending products at competetive rates

Pt IX · col B

By the numbers

The FY2025 990, line by line.

1The main four
Money inPt VIII
$1.7M
Ln 12
Fees for servicesLn 2g$1.5M
Investment incomeLn 3$179K
Other incomeLn 4–11$78K
Money outPt IX
$1.7M
Ln 25
Programscol B$1.7M
Owns and owesPt X
$2.0M
net assets · Ln 32
Cash and savingsLn 1–2$670K
Total assetsLn 16$20.1M
LiabilitiesLn 26$18.1M
PeoplePt VI, VII
7
listed · VII A
PaidVII A1
Voting boardVI 1a7
IndependentVI 1b7
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$1.5M
Investment incomeLn 3$179K
Other incomeLn 4–11$78K
Total revenueLn 12$1.7M
Assets in detailPt X, end of year
CashLn 1$670K
Cash and savings togetherLn 1–2$670K
InvestmentsLn 11–13$5.7M
Land, buildings, equipmentLn 10c$267K
Other assetsLn 15$607K
Total assetsLn 16$20.1M
LiabilitiesLn 26$18.1M
Net assetsLn 32$2.0M
OperationsPt I, VI
EmployeesI 511
VolunteersI 68
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY25End FY25
Cash and savingsLn 1–2$547K$670K
InvestmentsLn 11–13$6.0M$5.7M
Land, buildings, equipmentLn 10c$271K$267K
Total assetsLn 16$20.5M$20.1M
LiabilitiesLn 26$18.6M$18.1M
Net assetsLn 32$1.9M$2.0M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$105K$105K$0$0
Other salaries and wagesLn 7$389K$389K$0$0
Pension plan contributionsLn 8$15K$15K$0$0
Other employee benefitsLn 9$78K$78K$0$0
Payroll taxesLn 10$45K$45K$0$0
Legal feesLn 11b$428$428$0$0
Accounting feesLn 11c$51K$51K$0$0
Advertising and promotionLn 12$12K$12K$0$0
Office expensesLn 13$191K$191K$0$0
Information technologyLn 14$93K$93K$0$0
OccupancyLn 16$82K$82K$0$0
Depreciation, depletion and amortizationLn 22$25K$25K$0$0
InsuranceLn 23$29K$29K$0$0
Other expenses (24a–d)Ln 24$259K$259K$0$0
All other expensesLn 24e$299K$299K$0$0
Total functional expensesLn 25$1.7M$1.7M$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $1.7M$1.7M$56K$2.0M 990 PDF
FY2024 $1.9M$1.9M$33K$1.9M 990 PDF
FY2023 $1.6M$1.5M$50K$1.9M 990 PDF
FY2022 $1.5M$1.3M$206K$1.8M 990 PDF
FY2021 $1.4M$1.2M$210K$1.6M 990 PDF
FY2020 $1.5M$1.4M$65K$1.4M 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2025 990 (6 parts)
Part I · Summary $1,730,436 revenue, 12 lines filed
I-8 Contributions and grants$0
I-9 Program service revenuePrior year $1,473,966$1,473,371
I-10 Investment incomePrior year $406,512$178,763
I-11 Other revenuePrior year $42,268$78,302
I-12 Total revenuePrior year $1,922,746$1,730,436
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $613,112$632,209
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $1,276,748$1,042,012
I-18 Total expensesPrior year $1,889,860$1,674,221
I-19 Revenue less expensesPrior year $32,886$56,215
Part VI · Governance 7 of 7 board members independent, 3 to look at
VI-1a Voting members of the governing body7
VI-1b Independent voting members7
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $1,730,436 across 4 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Unrelated business $35,444 · Excluded from tax $0$1,473,371
VIII-3 Investment incomeUnrelated business $0 · Excluded from tax $0$178,763
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $78,302 · Unrelated business $0 · Excluded from tax $0$78,302
VIII-12 Total revenueRelated to mission $1,694,992 · Unrelated business $35,444 · Excluded from tax $0$1,730,436
Part IX · Statement of functional expenses $1,674,221 across 15 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $104,502 · Management $0 · Fundraising $0$104,502
IX-7 Other salaries and wagesPrograms $389,009 · Management $0 · Fundraising $0$389,009
IX-8 Pension plan contributionsPrograms $15,198 · Management $0 · Fundraising $0$15,198
IX-9 Other employee benefitsPrograms $78,487 · Management $0 · Fundraising $0$78,487
IX-10 Payroll taxesPrograms $45,013 · Management $0 · Fundraising $0$45,013
IX-11b Legal feesPrograms $428 · Management $0 · Fundraising $0$428
IX-11c Accounting feesPrograms $51,032 · Management $0 · Fundraising $0$51,032
IX-12 Advertising and promotionPrograms $12,104 · Management $0 · Fundraising $0$12,104
IX-13 Office expensesPrograms $191,093 · Management $0 · Fundraising $0$191,093
IX-14 Information technologyPrograms $93,433 · Management $0 · Fundraising $0$93,433
IX-16 OccupancyPrograms $82,345 · Management $0 · Fundraising $0$82,345
IX-22 Depreciation, depletion and amortizationPrograms $24,575 · Management $0 · Fundraising $0$24,575
IX-23 InsurancePrograms $28,549 · Management $0 · Fundraising $0$28,549
IX-24 Other expenses (24a–d)Programs $258,960 · Management $0 · Fundraising $0$258,960
IX-24e All other expensesPrograms $299,493 · Management $0 · Fundraising $0$299,493
IX-25 Total functional expensesPrograms $1,674,221 · Management $0 · Fundraising $0$1,674,221
Part X · Balance sheet $20,053,684 assets, 10 lines filed
Asset lines not itemized here account for $12,763,210; see the IRS return.
X-1 Cash, non-interest-bearingStart of year $547,218$669,542
X-10c Land, buildings and equipment, netStart of year $270,880$266,700
X-12 Other securitiesStart of year $5,958,517$5,746,891
X-15 Other assetsStart of year $608,099$607,341
X-16 Total assetsStart of year $20,474,282$20,053,684
X-17 Accounts payable and accrued expensesStart of year $173,816$230,265
X-25 Other liabilitiesStart of year $18,391,761$17,858,499
X-26 Total liabilitiesStart of year $18,565,577$18,088,764
X-32 Total net assets or fund balancesStart of year $1,908,705$1,964,920
X-33 Total liabilities and net assetsStart of year $20,474,282$20,053,684
Part XI · Reconciliation of net assets $1,964,920 net assets at year end
XI-1 Total revenue$1,730,436
XI-2 Total expenses$1,674,221
XI-3 Revenue less expenses$56,215
XI-4 Net assets at start of year$1,908,705
XI-10 Net assets at end of year$1,964,920

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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