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Coronavirus Response Update

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Coronavirus Response Updates 2021

During these challenging times, Cornerstone Credit Union is diligently providing our members with solutions and updates to help you get through this pandemic. 

Our drive-up service is available at all locations, and we continue to encourage members to use our convenient e-services available 24/7 for your banking needs. 

See our drive-up hours here

CCU takes its responsibility seriously for the safety and well-being of its members, employees and the communities we serve. As the conditions continue to change, our awareness and attention are heightened. We are monitoring the situation, along with the recommendations from the CDC and federal, state, and local governments. Below you will find resources and updates, and on the right you will find a list of Frequently Asked Questions, FAQs, to hopefully answer your questions.

UPDATE! Along with continued Drive Up service at all branches, our lobbies will open normal business hours per the following schedule:  July 12 - South Beloit; July 26 - Freeport; August 2 - Sterling. For loans and other business, we encourage you to apply online or call to make an appointment with a Financial Services Rep. All lobbies will be closed on Saturdays, but appointments will be available. Each location is equipped with PPE and directional signage to ensure protection and social distancing within the branch.

Below is a list of actions Cornerstone CU is taking:

07.19.21          Lobby re-opening schedule set. See UPDATE above. 
07.12.21          South Beloit Branch Lobby Opens!
05.31.21          SBA ends PPP Loan program.
05.17.21          SBA announces additional $5 billion in funds now available for PPP qualifying 
                        applications through Community Financial Institutions
05.06.21          Cornerstone CU is not able to accept PPP Loan applications at this time; the SBA 
                        announced that the agency has stopped accepting applications from most lenders 
                        due to funding constraints. The SBA said general PPP funding has been exhausted.                              However, if and when additional funds are made available before the planned 
                        program end date of May 31, 2021, Cornerstone will be happy to accept your 
                        business’ PPP Loan application. If you have questions or want to discuss possible
                        other funding options, please contact Scott Arnold, Cornerstone Credit Union VP of
                        Lending, 815.535.5855 ext. 4444 or sarnold@cornerstonecu.org  
03.29.21          Congress Approves PPP Extension thru May 31st
03.16.21          BBB WARNING: Beware of Third Round of Stimulus Scams
03.15.21          Check the status of your Stimulus Check here. Click on "Get My Payment"
03.15.21          All You Need to Know About the New Stimulus Bill - This article will probably answer 
                        most of your questions.
02.24.21          Biden Administration takes steps to promote equitable access to SBA relief
01.26.21          Regions 1 and 2 Move to Phase 4 Press Release
01.21.21          CCU Offers PPP Loans 
12.30.20          CCU 80th Annual Meeting held virtually.
11.01.20          Launched Pay My Loan, available on our website home page and mobile app. This
                        allows our members other options to conveniently and securely make their loan                                      payments. 
10.05.20          Cornerstone Credit Union donates $17,500 to Local Organizations through FHL Bank
                        Targeted Impact Fund Grant Program

See the archived updates here.

After eight months of negotiations, the Senate has passed a bipartisan deal on a new coronavirus stimulus plan. If you haven't received your check yet, here is an article you can read to learn more. https://tinyurl.com/y2cvzhz2 

More information can be found below to answer your questions: 

As needed, CCU will provide updates on our website and other communication vehicles, e.g., email, text, Facebook, etc. Join our Text Club by texting CORNER to 888-892-2578.

Cornerstone Credit Union
1-800-711-3277  •  Routing: 271184425  •  NMLS #743907

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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.