×
Cornerstone
Official App
Free – Google Play
Get it

News

How Can I Replenish My Savings?

How Can I Replenish My Savings?

July 9, 2020

Q: The last few months have been really tough on my finances, and I’ve been forced to use my savings for getting by. My emergency fund and savings account are basically zero. Now that my financial situation is starting to improve, I’d like to start building these up again, but it’s all so overwhelming. Where do I begin? Read more.
 

Against All Odds: Mark Cuban

Against All Odds: Mark Cuban

July 7, 2020

His very first job was selling garbage bags door-to-door; and, after college, he shared an apartment with five friends where he slept on the stained floor.

Entrepreneur Mark Cuban defied all odds and went on to become the public face of successful business with a wide network of investments and businesses that continue to grow. This is his story.

The early years
Born in 1958 in Pittsburgh, Pa., to a middle-class working family, Mark Cuban’s extraordinary business skill and ambition were honed at an early age. Read more.
 

Go Green. It's Free & Easy.

Go Green. It's Free & Easy.

June 12, 2020

Effective August 31, 2020, a fee of $2.00 per paper statement will be charged to your savings account. During this unprecedented time, the credit union must address how to reduce overhead costs. We encourage our members to register for CCU online banking and receive FREE electronic statements (e-statements) via email, which can be printed from their online banking site. Members under 18 years of age are exempt from this fee.
If you're not already signed up, avoid this charge. Enroll in or go to your Online Banking page and sign up for e-Statements today.

Cornerstone Logo

Cornerstone Credit Union donates $21,000 to Community Organizations through FHLBank COVID-19 Relief Program

June 8, 2020

FREEPORT, IL Cornerstone Credit Union (CCU) was a recipient of a $20,000 grant as part of the Federal Home Loan Bank of Chicago’s (FHLB) COVID-19 Relief Program, designed to support its member institutions and the communities they serve in Illinois and Wisconsin directly impacted by the current pandemic. An additional $1,000 was donated through an employee fundraiser lead by the CCU Community Relations Committee.

Scam Alert! Fraudsters Use Stolen Identities to File for Unemployment Benefits

Scam Alert! Fraudsters Use Stolen Identities to File for Unemployment Benefits

May 26, 2020

Date: May 26, 2020
An international fraud ring is taking advantage of the current pandemic by using stolen identities to file for unemployment benefits. The State of Washington unemployment program has emerged as the primary target with individuals residing out-of-state receiving ACH deposits from the State of Washington Unemployment Benefit Program. The ACH deposits contain names that don't match the accounts to which the funds are deposited. All states are at risk as this fraud network is believed to be made up of hundreds or possibly thousands of money mules with potential losses soaring in the hundreds of millions of dollars.
 
Several credit unions have reported that members are receiving ACH deposits representing unemployment benefits. Some members received multiple ACH deposits. Likely, members were recruited as money mules to transfer the deposited funds to the fraudsters. Fraudsters can have the unemployment benefits loaded directly to a P2P app, such as Venmo or Cash App. Then, they can transfer the funds to money mule accounts. One credit union reported receiving multiple deposits to member accounts in this manner.
 
Beware! If you receive an unexpected electronic deposit into your account, or a check in the mail that was not requested or looks suspicious, please contact your financial institution immediately to verify. We will protect our members and investigate suspicious transactions whenever possible.
 

SavvyMoney Credit Score FAQs

SavvyMoney Credit Score FAQs

May 22, 2020

SavvyMoney Credit Score FAQs
CCU Members: SavvyMoney Credit Score is available to you through online and mobile banking. This is a FREE service offered to you. Please read FAQs below for more information.

Q. What is SavvyMoney Credit Score?
A. SavvyMoney is a comprehensive Credit Score program offered by Cornerstone Credit Union, CCU,  that helps you stay on top of your credit. You get your latest credit score and report, an understanding of key factors that impact the score, and can see the most up to date offers that can help reduce your interest costs. With this program, you always know where you stand with your credit and how your financial institution can help save you money. Read more.
 

Economic Impact Payment (Stimulus Checks) Information

Economic Impact Payment (Stimulus Checks) Information

May 5, 2020

Have questions about the Economic Impact Payment (Stimulus Checks)? As we continue to provide updates to our members, Cornerstone recommends you visit irs.gov for current valuable information; details may change at any time. Answers to some of your most common questions, along with other resources, are here:
 

CCU is Keeping your Debit Card Safe with Text Security Alerts

CCU is Keeping your Debit Card Safe with Text Security Alerts

April 21, 2020

As of April 21, 2020, Cornerstone Credit Union is providing Text Security Alerts for your CCU Debit Card usage when fraud is suspected. If there are potential suspicious debit card transactions on your account, you will be notified via text message or phone. Please be sure we have your current cell phone number on record so you will receive these important notifications, if needed.
 
Text Sample: CCU Fraud Center 800-711-3277 $125.46 on card 1234 at Macy’s. If valid reply YES, fraud NO. To Opt Out, STOP.
 
IMPORTANT: As a CCU debit card holder, you are auto-enrolled to receive Text Security Alerts, so you do not need to take any action. If you wish to opt out, you may do so when you receive a notification.
 

Local Chamber of Commerce is Here For You

Local Chamber of Commerce is Here For You

April 15, 2020

Your local Chamber of Commerce is a wealth of information to assist you with COVID-19 resources. Click the title to find the chamber near you to see links to resources and agencies that can provide you with the best up-to-date information. 

Attention Cornerstone Credit Union VISA Credit Card holders!

Attention Cornerstone Credit Union VISA Credit Card holders!

April 8, 2020

Due to the COVID-19 pandemic, our Visa credit card provider will be offering skip a payment options for payments due in May and June. Please refer to your monthly credit card statement for details. If you need to discuss payment arrangements, please contact them at 888-415-6154.
 

Take Advantage of IRA 2019 Contribution Extension

Take Advantage of IRA 2019 Contribution Extension

April 7, 2020

Due to the COVID-19 pandemic, the Senate passed the Coronavirus Aid, Relief, and Economic Security (CARES) Act, which extends the tax filing deadline until July 15, 2020. Part of this extension also changes the contribution dates for Individual Retirement Accounts (IRAs). CCU members need to remember, from January to July, to identify which tax year they want their contribution to be put toward.
 
For the 2019 tax year, you may contribute up to $6,000 to Roth and Traditional IRAs. If you are over the age of 50, you may also make an additional catch-up contribution of $1,000 for 2019. 
 
In addition to the contribution extension, the CARES Act also allows those directly impacted by
COVID-19 to:
  • Withdraw up to $100,000 from an IRA without the usual 10% penalty for owners under the 59½ age threshold.
  • Withdraw up to $100,000 from an IRA without the associated income tax if it is fully repaid to the IRA within 3 years. If the money is not fully repaid to the IRA within 3 years, then the associated income tax can be spread out evenly over 3 years.

As a reminder, the SECURE Act is in effect. This means, if you were not yet 70 ½ in 2019, you can continue to make contributions as long as you still have earned income.

If you want to take advantage of this extension and make IRA transactions, please call us at 815-235-5855 or 800-711-3277 or email us at contactus@cornerstonecu.org
 

Coronavirus Scams Surface

Coronavirus Scams Surface

March 31, 2020

Fraudsters have been quick to deploy scams involving the coronavirus stimulus package that would include direct payments to individuals and married couples filing jointly. Many variations of the scam could impact you. In response to the federal stimulus package, the Better Business Bureau (BBB) has a web page with details of these scams, what to look out for and how to report scams. The BBB has received several reports of coronavirus scams where individuals are contacted through text messages, social media post /messages, or phone calls. Be aware and visit this site for details: https://tinyurl.com/rjgyr22

Coronavirus: 9 Precautions You Should Take For Your Personal Finances

Coronavirus: 9 Precautions You Should Take For Your Personal Finances

March 23, 2020

So, you’ve stocked your home with food and other daily essentials in preparation for being stuck at home. You even managed to fight off the hoard of desperate shoppers at your local grocery store to secure the last few rolls of toilet paper. At this point, you’re prepared to weather whatever coronavirus (COVID-19) throws your way. But is your wallet? Read more.

 

2019 Annual Report Available

2019 Annual Report Available

March 18, 2020

To request a copy of our 2019 Annual Report, please call 800.711.3277.

Financial Resources Available for Veterans

Financial Resources Available for Veterans

February 27, 2020

We owe the strength and security of our country to our heroic veterans. These brave men and women sacrifice the comforts of home, time with family and often their physical well-being to protect us. Unfortunately, though, many veterans are struggling to make ends meet and to support their families. Here’s a list of financial resources created especially for veterans. Having served our country, you deserve all this and more. Read more.
 

Bad Money Habits & How to Fix Them

Bad Money Habits & How to Fix Them

February 20, 2020

Bad Money Habits and How to Fix Them
Learning how to use money wisely is an essential skill that isn’t always taught to us as children. Some of us pick up bad money habits on our journey to adulthood. Often, we’re just not being mindful of where our money goes. See if you have any of the following bad money habits. Then read on to learn how to break them and replace them with good habits. Read more.

Health Savings Accounts Explained

Health Savings Accounts Explained

February 6, 2020

Health-care costs in the U.S. continue to grow. To ease this burden, the Medicare Modernization Act of 2003 includes a plan that allows consumers to set aside pre-tax money for current or future medical costs. Health savings accounts (HSAs) give consumers more control over their health coverage and provides tax breaks. But even though many people (including the unemployed) are eligible to sign up for an HSA, the savings program may not be the best option for everyone. Read more.
 

Tiffany Aliche, aka, The Budgetnista

Tiffany Aliche, aka, "The Budgetnista"

January 24, 2020

Meet Tiffany Aliche, aka, “The Budgetnista.”

Aliche is a powerhouse who uses her motto, “live richer,” to inspire thousands of followers to take control of their finances and build their wealth through education. In 2014, she founded the Live Richer Academy, a movement helping to educate people through free online courses and a community of thousands of people working to improve their finances. Read more.

Steps Toward Financial Improvement in 2020

Steps Toward Financial Improvement in 2020

December 27, 2019

Steps Toward Financial Improvement in 2020
Q: I’d like to focus on improving my finances in 2020, but there are so many areas that need attention. Where do I start?
A: The start of a new year is a wonderful time to make important changes in your financial life. Lucky for you, you don’t have to go it alone. Cornerstone CU will walk you through some financial improvements you can make this year and continue to guide you every step of the way. We’ve broken down some of the most popular financial resolutions into concrete steps and outlined the ways Cornerstone CU can help you implement each change into your life. Read more.
 

How to Switch your Bank Account to Cornerstone Credit Union

How to Switch your Bank Account to Cornerstone Credit Union

December 10, 2019

Perhaps you’ve heard how great credit union services are, how much lower their fees are, and how they offer much better interest rates than banks. But the idea of moving your accounts from your current bank sounds daunting. Well, it’s really not that hard. Follow these simple steps to switch to a Cornerstone Credit Union and start reaping the benefits of membership: Read more.
 

How to Recognize and Protect Yourself from Scams

How to Recognize and Protect Yourself from Scams

December 2, 2019

Scammers are always trying to con victims out of their information and money. Scammers are expert impersonators, using sophisticated technology and their best acting skills to convince you they represent a business, institution or government agency you may trust. They also tend to prey on the most susceptible victims. Here at Cornerstone CU, our biggest priority is your financial wellness, so we’ve put together this guide to aid in recognizing the signs of fraud and protecting yourself from scams.

Five red flags of scams  [Read more]

Your Complete Guide to Identity Theft Protection

Your Complete Guide to Identity Theft Protection

November 15, 2019

Did you know there were 14.4 million victims of identity theft in 2018? According to Javelin Strategy, each case cost the victim an average of $1,050 – and that’s only the cost in dollars. When an individual’s identity is stolen, the thief wreaks major havoc on the victim’s financial health, which can take months, or even years, to recover from. Fortunately, there are steps you can take to prevent yourself from becoming the next victim. Here is your complete guide to identity theft protection. Read more.

MoneyNing - Building Financial Independence

MoneyNing - Building Financial Independence

October 21, 2019

Are you ready to join an online community devoted to building financial independence? Welcome to the world of MoneyNing.com. Founded by David Ning in 2007, MoneyNing quickly gained acclaim as one of the most straightforward and informative financial blogs on the web. Read more.

6 Ways to Spot a Payday Loan Scam

6 Ways to Spot a Payday Loan Scam

October 11, 2019

Don't be a victim of payday loan scams! A "representative" of a collection agency who claims to be acting on behalf of a loan company tells victims they must pay their outstanding balance on a payday loan. Unfortunately, the caller is a scammer trying to rip them off or steal their identity. If you've applied for a payday loan, be on the lookout for these six red flags: Read more.
 

Don’t Get Caught in a Free Trial Scam!

Don’t Get Caught in a Free Trial Scam!

September 27, 2019

You know what they say: “If it’s too good to be true, it probably is.” And yet, hundreds of people fall for scams that promise them the moon — and they don’t realize they’ve been played until it’s too late.  The Federal Trade Commission (FTC) is warning of an uptick in free trial scams. The scams come in several shapes and sizes, but most will look something like these examples. Read more.
 

Cornerstone Logo

6 Mistakes People Make in their 20s and How to Fix Them

September 20, 2019

Like many people, you may have blown through your 20s making financial decisions that served you well in the moment, but may not have been particularly responsible. Dinner out several times a week, credit card bills you barely looked at and luxury cars way beyond your budget — life was practically a party! Read more.

9 Steps to Buying your First Car

9 Steps to Buying your First Car

August 20, 2019

Congrats—you’re ready to purchase your first real car!

The process can be daunting, but Cornerstone CU will walk you through it. Follow our guidelines for a stress-free ride!

1. Determine if you really need a car
It’s important to take a step back to review your actual transportation needs. Can a bus ride or a ride from a friend or family member or an occasional rental get you by? Read more.

Building Your Credit

Building Your Credit

June 20, 2019

A good credit score can lead to great opportunities, but building credit can be a mystery. Take a look at steps you can take to improve your credit score. CCU welcomes you to schedule time with one of our Financial Counselors to assist you in taking the right steps.

Staying Safe Online

Staying Safe Online

January 28, 2019

Staying Safe Online
A compromised computer can put you at risk for money loss, phishing scams or even complete identity theft. Read on for steps you can take to keep yourself safe online.
 

How to Create & Keep Strong Passwords

How to Create & Keep Strong Passwords

September 4, 2018

Your passwords are the keys to your life. And when it feels like there's another big security breach every week, you want to be sure those passwords are strong and safe.  

Follow the 6 steps below for super-strong passwords that will keep scammers guessing.

 

CardValet

CardValet

January 24, 2018

Control debit card usage and spending on the go...and reduce fraud attempts. Click here for a Quick Reference Guide. 

CO-OP Shared Branching

CO-OP Shared Branching

November 27, 2017

Convenience wherever you are! On vacation, in the next town, at college, know that CCU is accessible for you.

Don't Miss Out on Important Information!

Don't Miss Out on Important Information!

May 24, 2017

When you move or get a new email address or phone number, it is important that you let us know.

Peace of Mind Protection

Peace of Mind Protection

February 23, 2017

Guaranteed Asset Protection (GAP) and Mechanical Repair Coverage (MRP) can protect you when you least expect it, but need it most. 
Cornerstone Credit Union
1-800-711-3277  •  Routing: 271184425  •  NMLS #743907
 

Like us on  facebook logo   download adobe reader

Co-op logoTrustage logoESI logoEHL logoNCUA logo
Your deposits are federally insured up to $250,000 by the National Credit Union Administration (NCUA), with an added safety net of private insurance (Excess Share Insurance/ESI) for an additional $250,000. This is the highest combination of federal and private insurance available to consumers.