Civic Intelligence

Cornerstone Community Credit Union

EIN 42-6058209 • 501(c)14 • Des Moines, IA

Profile

Cornerstone community credit union's vision provideds our members with the highest quality financial products available. We put you first and pledge to serve your personal needs with competence, integrity, and importance. Building your financial success...one member at a time since 1931.

414 61st StreetDes Moines, IA 50312

www.cornerstonecreditunion.com

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

87th percentile

0.91x

Higher debt load relative to assets than 87% of similar nonprofits.

501(c)14 • $10M-$25M nonprofits • Source year 2018

Liabilities / Revenue

63rd percentile

17.71x

Higher debt load relative to revenue than 63% of similar nonprofits.

501(c)14 • $10M-$25M nonprofits • Source year 2018

Net Margin

23rd percentile

-5.4%

Higher net margin than 23% of similar nonprofits.

501(c)14 • $10M-$25M nonprofits • Source year 2018

Top Officer Pay

80th percentile

$111,091

Higher top officer pay than 80% of similar nonprofits.

Top officer pay equals 10.5% of source-year revenue.

501(c)14 • $10M-$25M nonprofits • Source year 2018

Asset Growth

8th percentile

-10%

Faster asset growth than 8% of similar nonprofits.

501(c)14 • $10M-$25M nonprofits • Annualized from 2017 to 2018

Revenue Growth

47th percentile

5.7%

Faster revenue growth than 47% of similar nonprofits.

501(c)14 • $10M-$25M nonprofits • Annualized from 2017 to 2018

Balance Sheet
Liabilities / Assets87th percentile

Assets

Down

$20,525,137

Down $2,363,961 (-10%) from 2017

Liabilities

Down

$18,736,203

Down $1,841,660 (-8.9%) from 2017

Net Assets

Down

$1,788,934

Down $522,301 (-23%) from 2017

Operations
Liabilities / Revenue63rd percentileNet Margin23rd percentile

Revenue

Up

$1,057,723

Up $56,651 (+5.7%) from 2017

Expenses

Up

$1,114,511

Up $121,922 (+12%) from 2017

Net Income

Down

-$56,788

Down $65,271 (-769%) from 2017

Trend Graphs

Balance Sheet Trend

Asset Growth8th percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$30M$20M$10M$0Assets 2010: $14,393,078Liabilities 2010: $12,487,334Net Assets 2010: $1,905,7442010Assets 2013: $17,278,935Liabilities 2013: $15,257,090Net Assets 2013: $2,021,8452013Assets 2014: $19,286,818Liabilities 2014: $17,146,379Net Assets 2014: $2,140,4392014Assets 2015: $21,608,501Liabilities 2015: $19,378,073Net Assets 2015: $2,230,4282015Assets 2016: $22,712,704Liabilities 2016: $20,389,531Net Assets 2016: $2,323,1732016Assets 2017: $22,889,098Liabilities 2017: $20,577,863Net Assets 2017: $2,311,2352017Assets 2018: $20,525,137Liabilities 2018: $18,736,203Net Assets 2018: $1,788,9342018

Highlighted filing

2018

Assets$20,525,137
Liabilities$18,736,203
Net Assets$1,788,934
Open 2018 Filing

Operations Trend

Revenue Growth47th percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$1.5M$1.0M$500K$0-$500KExpenses 2010: $937,9332010Revenue 2013: $835,704Expenses 2013: $759,066Net Income 2013: $76,6382013Revenue 2014: $889,079Expenses 2014: $781,359Net Income 2014: $107,7202014Revenue 2015: $962,798Expenses 2015: $879,052Net Income 2015: $83,7462015Revenue 2016: $1,000,984Expenses 2016: $916,915Net Income 2016: $84,0692016Revenue 2017: $1,001,072Expenses 2017: $992,589Net Income 2017: $8,4832017Revenue 2018: $1,057,723Expenses 2018: $1,114,511Net Income 2018: -$56,7882018

Highlighted filing

2018

Revenue$1,057,723
Expenses$1,114,511
Net Income-$56,788
Open 2018 Filing

Filings

Most recent year

2018 • Form 990XML pending. An XML filing is linked for this year, but detailed extraction is still pending.

Open filing
Assets
$20,525,137
Liabilities
$18,736,203
Net assets
$1,788,934
Revenue
$1,057,723
Expenses
$1,114,511
Net income
-$56,788
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$20.5$18.7$1.79$1.06$1.11$0.06
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$22.9$20.6$2.31$1.00$0.99$0.01
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$22.7$20.4$2.32$1.00$0.92$0.08
2015Detailed filing. Detailed filing data is available for this year.$21.6$19.4$2.23$0.96$0.88$0.08
2014Detailed filing. Detailed filing data is available for this year.$19.3$17.1$2.14$0.89$0.78$0.11
2013Detailed filing. Detailed filing data is available for this year.$17.3$15.3$2.02$0.84$0.76$0.08
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$14.4$12.5$1.91$0.94
Latest Detailed Filing

The latest 2018 filing currently has linked XML that has not been fully parsed yet. Showing the latest detailed filing from 2015 below.

Jump To
Filing Snapshot
Filing Period
Jan 1, 2015 to Dec 31, 2015
Signed
May 2, 2016
Return Version
2015v2.1
Gross Receipts
$962,798
Mission and Program Overview

Mission

Cornerstone community credit union's vision provideds our members with the highest quality financial products available. We put you first and pledge to serve your personal needs with competence, integrity, and importance. Building your financial success, one member at a time since 1931.

Cornerstone community credit union's vision provideds our members with the highest quality financial products available. We put you first and pledge to serve your personal needs with competence, integrity, and importance. Building your financial success...one member at a time since 1931.

Balance Sheet Detail
LineBeginningEndChange
Assets
Other Notes and Loans Receivable, Net$11,922,412$13,105,079▲ $1,182,667
Investments Program Related$5,172,657$5,868,844▲ $696,187
Rtn Earn Endowment Incm Other Fnds$2,140,439$2,230,428▲ $89,989
Savings and Temporary Cash Investments$1,357,043$1,367,560▲ $10,517
Land, Buildings, and Equipment, Net$413,244$788,543▲ $375,299
Prepaid Expenses and Deferred Charges$70,576$89,847▲ $19,271
Cash and Non-Interest-Bearing Accounts$69,333$73,331▲ $3,998
Total Assets$19,286,818$21,608,501▲ $2,321,683
Other Assets Total$281,553$315,297▲ $33,744
Liabilities
Other Liabilities$17,125,735$19,359,044▲ $2,233,309
Accounts Payable and Accrued Expenses$20,644$19,029▼ $1,615
Total Liabilities$17,146,379$19,378,073▲ $2,231,694
Net Assets / Fund Balance
Total Net Assets Fund Balance$2,140,439$2,230,428▲ $89,989
Total Liabilities and Net Assets / Fund Balance$19,286,818$21,608,501▲ $2,321,683

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$287,251$174,653$461,904
Other Land Buildings$396,903-$396,903
Equipment$17,389$349,298$366,687
Land$87,000-$87,000
Investment Program Related Org$125--
Compensation and Service Providers
Top Officer Pay80th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Gary KeyCEOFT$101,914$9,167$111,081

Board Members and Trustees

NameTitle
Mark ClarkChair
Bill SimpsonVice Chair
Angela EricksonDirector
Chuck BrewerDirector
Craig LeamingDirector
JOHN D'ANGELISDirector
Leo WhalenDirector
Ramon ChristopherDirector
Sandi SmithDirector
Tom PollardDirector
Melinda BerteSecretary

Highest Paid Contractors

ContractorServicesLocationCompensation
Downing Construction INCBldg Renovation2500 WEST 2ND AVE, Indianola, IA 50125$321,000
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$817,214
Investment Income
$143,287
Other Revenue
$2,297
Change in Net Assets
$83,746
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$568,163
Salaries, Compensation, and Employee Benefits$310,889
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Office Expenses---$202,598
Other Salaries and Wages---$154,888
Current Officers, Directors, Trustees, and Key Employees---$101,914
Advertising---$60,927
Other Expenses---$48,800
Information Technology---$36,502
Other Employee Benefits---$33,343
Depreciation Depletion---$31,302
Occupancy---$27,691
Payroll Taxes---$20,744
Conferences and Meetings---$13,064
Insurance---$9,200
Fees for Services Other---$5,775
Fees for Services Legal---$954
Interest---$2
Total Functional Expenses$0$0$0$879,052
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Member Shares & Certificates$19,359,044
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
Backup withholding compliance
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 6

“The organization has members. To be a member, one must have a share (savings) account at the credit union.”

Form 990, Page 6, Part VI, Line 7A

“The board of directors is elected by the credit union members. Each member has one vote.”

Form 990, Page 6, Part VI, Line 7B

“A member vote is required for decisions which are beyond the authority of the board of directors. Items which require a membership vote are outlined and specified in our bylaws. Each member has one vote.”

Form 990, Page 6, Part VI, Line 11B

“Ceo proivides the 990 data to independent preparer who completes the form. Ceo/management reviews the return for accuracy and authorizes preparer to e-file the approved return. Ceo reviews the return with the directors at the next boaard meeting.”

Form 990, Page 6, Part VI, Line 15A

“The board of directors approves the ceo salary based on peer group comparisons. Employee salaries are reviewed by the ceo and approved by the board of directors. Approval is noted in the board minutes.”

Form 990, Page 6, Part VI, Line 15B

“The board of directors approves the ceo salary based on peer group comparisons. Employee salaries are reviewed by the ceo and approved by the board of directors. Approval is noted in the board minutes.”

Form 990, Page 6, Part VI, Line 19

“Available to members upon request.”

Filing and Contact Details

Filer

Filer Name
Cornerstone Community Credit Union
EIN
42-6058209
Phone
5152741171
Address
414 61ST STREET, DES MOINES, IA 50312

Signing Officer

Name
Gary Key
Title
CEO
Phone
5152741171
Signed
2016-05-02

Organization Details

Principal Officer
Gary Key
Formed
1931
Legal Domicile
Ia
Voting Board Members
9
Independent Board Members
9
Employees
5
Volunteers
9

Preparer

Preparer
Peter Rasmussen
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

“Cornerstone community credit union's vision provideds our members with the highest quality financial products available. We put you first and pledge to serve your personal needs with competence, integrity, and importance. Building your financial success...one member at a time since 1931.”

Raw XML Appendix389 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
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IRS990/AccountsPayableAccrExpnssGrp/EOYAmt019029
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IRS990/ActivityOrMissionDesc0CORNERSTONE COMMUNITY CREDIT UNION'S VISION PROVIDEDS OUR MEMBERS WITH THE HIGHEST QUALITY FINANCIAL PRODUCTS AVAILABLE. WE PUT YOU FIRST AND PLEDGE TO SERVE YOUR PERSONAL NEEDS WITH COMPETENCE, INTEGRITY, AND IMPORTANCE. BUILDING YOUR FINANCIAL SUCCESS...ONE MEMBER AT A TIME SINCE 1931.
IRS990/AdvertisingGrp/TotalAmt060927
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IRS990/BooksInCareOfDetail/PhoneNum05152741171
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt0414 61ST STREET
IRS990/BooksInCareOfDetail/USAddress/CityNm0DES MOINES
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0IA
IRS990/BooksInCareOfDetail/USAddress/ZIPCd050312
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IRS990/ConservationEasementsInd0false
IRS990/ConsolidatedAuditFinclStmtInd0false
IRS990/ContractorCompensationGrp/CompensationAmt0321000
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IRS990/DeductibleNonCashContriInd0false
IRS990/DelegationOfMgmtDutiesInd0false
IRS990/DepreciationDepletionGrp/TotalAmt031302
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IRS990/Form990PartVIISectionAGrp/PersonNm1LEO WHALEN
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IRS990/Form990PartVIISectionAGrp/PersonNm6TOM POLLARD
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IRS990/Form990PartVIISectionAGrp/TitleTxt0DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt1DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt2SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt3VICE CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt4CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt10DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt11CEO
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IRS990/MissionDesc0CORNERSTONE COMMUNITY CREDIT UNION'S VISION PROVIDEDS OUR MEMBERS WITH THE HIGHEST QUALITY FINANCIAL PRODUCTS AVAILABLE. WE PUT YOU FIRST AND PLEDGE TO SERVE YOUR PERSONAL NEEDS WITH COMPETENCE, INTEGRITY, AND IMPORTANCE. BUILDING YOUR FINANCIAL SUCCESS...ONE MEMBER AT A TIME SINCE 1931.
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IRS990/OtherExpensesGrp/Desc0DIVIDENDS ON SHARES
IRS990/OtherExpensesGrp/Desc1PROVISION FOR LOAN LOSS
IRS990/OtherExpensesGrp/TotalAmt0131348
IRS990/OtherExpensesGrp/TotalAmt148800
IRS990/OtherLiabilitiesGrp/BOYAmt017125735
IRS990/OtherLiabilitiesGrp/EOYAmt019359044
IRS990/OtherSalariesAndWagesGrp/TotalAmt0154888
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt011922412
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt013105079
IRS990/PartialLiquidationInd0false
IRS990/PayrollTaxesGrp/TotalAmt020744
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt070576
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt089847
IRS990/PrincipalOfficerNm0GARY KEY
IRS990/PriorPeriodAdjustmentsAmt0-2337
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0522291
IRS990/ProgramServiceRevenueGrp/BusinessCd1522100
IRS990/ProgramServiceRevenueGrp/BusinessCd2522100
IRS990/ProgramServiceRevenueGrp/BusinessCd3524298
IRS990/ProgramServiceRevenueGrp/BusinessCd4522100
IRS990/ProgramServiceRevenueGrp/Desc0INTEREST ON LOANS
IRS990/ProgramServiceRevenueGrp/Desc1MEMBER FEE INCOME
IRS990/ProgramServiceRevenueGrp/Desc2NON-MEMBER ATM FEES
IRS990/ProgramServiceRevenueGrp/Desc3MECHANICAL BREAKDOWN INSURANC
IRS990/ProgramServiceRevenueGrp/Desc4OTHER MEMBER INCOME
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0581114
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1234353
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt2152
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0581114
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1234353
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt21135
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt3460
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt4152
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt01135
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt1460
IRS990/ProgSrvcAccomActy2Grp/Desc0THE CREDIT UNION HAS SEVERAL TYPES OF LOAN PROGRAMS AVAILABLE FOR OUR MEMBERS. WE FUNDED 625 NEW LOANS TO MEMBERS DURING 2015. AS OF 12/31/15 WE HAD 901 LOANS TO OUR MEMBERS.
IRS990/ProgSrvcAccomActy3Grp/Desc0.
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYInvestmentIncomeAmt0122312
IRS990/PYOtherExpensesAmt0502690
IRS990/PYOtherRevenueAmt07320
IRS990/PYProgramServiceRevenueAmt0759447
IRS990/PYRevenuesLessExpensesAmt0107720
IRS990/PYSalariesCompEmpBnftPaidAmt0278669
IRS990/PYTotalExpensesAmt0781359
IRS990/PYTotalRevenueAmt0889079
IRS990/ReconcilationRevenueExpnssAmt083746
IRS990/RegularMonitoringEnfrcInd0false
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0true
IRS990/RoyaltiesRevenueGrp/ExclusionAmt02297
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt02297
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt02140439
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt02230428
IRS990/SavingsAndTempCashInvstGrp/BOYAmt01357043
IRS990/SavingsAndTempCashInvstGrp/EOYAmt01367560
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt0287251
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0174653
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0461904
IRS990ScheduleD/EquipmentGrp/BookValueAmt017389
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0349298
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0366687
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt05154994
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt1713725
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt2125
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc0INVESTMENT MATURING > 1 YEAR
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc1AFS SECURITIES
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc2PAID IN CAPITAL ACCOUNTS
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd0C
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd1F
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd2C
IRS990ScheduleD/LandGrp/BookValueAmt087000
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt087000
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt0396903
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0396903
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt019359044
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0MEMBER SHARES & CERTIFICATES
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0788543
IRS990ScheduleD/TotalBookValueProgramRltdAmt05868844
IRS990ScheduleD/TotalLiabilityAmt019359044
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0CORNERSTONE COMMUNITY CREDIT UNION'S VISION PROVIDEDS OUR MEMBERS WITH THE HIGHEST QUALITY FINANCIAL PRODUCTS AVAILABLE. WE PUT YOU FIRST AND PLEDGE TO SERVE YOUR PERSONAL NEEDS WITH COMPETENCE, INTEGRITY, AND IMPORTANCE. BUILDING YOUR FINANCIAL SUCCESS...ONE MEMBER AT A TIME SINCE 1931.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION HAS MEMBERS. TO BE A MEMBER, ONE MUST HAVE A SHARE (SAVINGS) ACCOUNT AT THE CREDIT UNION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE BOARD OF DIRECTORS IS ELECTED BY THE CREDIT UNION MEMBERS. EACH MEMBER HAS ONE VOTE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3A MEMBER VOTE IS REQUIRED FOR DECISIONS WHICH ARE BEYOND THE AUTHORITY OF THE BOARD OF DIRECTORS. ITEMS WHICH REQUIRE A MEMBERSHIP VOTE ARE OUTLINED AND SPECIFIED IN OUR BYLAWS. EACH MEMBER HAS ONE VOTE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4CEO PROIVIDES THE 990 DATA TO INDEPENDENT PREPARER WHO COMPLETES THE FORM. CEO/MANAGEMENT REVIEWS THE RETURN FOR ACCURACY AND AUTHORIZES PREPARER TO E-FILE THE APPROVED RETURN. CEO REVIEWS THE RETURN WITH THE DIRECTORS AT THE NEXT BOAARD MEETING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE BOARD OF DIRECTORS APPROVES THE CEO SALARY BASED ON PEER GROUP COMPARISONS. EMPLOYEE SALARIES ARE REVIEWED BY THE CEO AND APPROVED BY THE BOARD OF DIRECTORS. APPROVAL IS NOTED IN THE BOARD MINUTES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6THE BOARD OF DIRECTORS APPROVES THE CEO SALARY BASED ON PEER GROUP COMPARISONS. EMPLOYEE SALARIES ARE REVIEWED BY THE CEO AND APPROVED BY THE BOARD OF DIRECTORS. APPROVAL IS NOTED IN THE BOARD MINUTES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7AVAILABLE TO MEMBERS UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 7B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PAGE 6, PART VI, LINE 15B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7FORM 990, PAGE 6, PART VI, LINE 19
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt019286818
IRS990/TotalAssetsEOYAmt021608501
IRS990/TotalAssetsGrp/BOYAmt019286818
IRS990/TotalAssetsGrp/EOYAmt021608501
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalEmployeeCnt05
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt0879052
IRS990/TotalGrossUBIAmt01595
IRS990/TotalLiabilitiesBOYAmt017146379
IRS990/TotalLiabilitiesEOYAmt019378073
IRS990/TotalLiabilitiesGrp/BOYAmt017146379
IRS990/TotalLiabilitiesGrp/EOYAmt019378073
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt02140439
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt02230428
IRS990/TotalOtherCompensationAmt09167
IRS990/TotalProgramServiceRevenueAmt0817214
IRS990/TotalReportableCompFromOrgAmt0101914
IRS990/TotalRevenueGrp/ExclusionAmt0123904
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0837299
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0962798
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt01595
IRS990/TotalVolunteersCnt09
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt019286818
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt021608501
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0true
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0414 61ST STREET
IRS990/USAddress/CityNm0DES MOINES
IRS990/USAddress/StateAbbreviationCd0IA
IRS990/USAddress/ZIPCd050312
IRS990/VotingMembersGoverningBodyCnt09
IRS990/VotingMembersIndependentCnt09
IRS990/WebsiteAddressTxt0WWW.CORNERSTONECREDITUNION.COM
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02016-09-27 15:27:22Z
ReturnHeader/BusinessOfficerGrp/PersonNm0GARY KEY
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CEO
ReturnHeader/BusinessOfficerGrp/PhoneNum05152741171
ReturnHeader/BusinessOfficerGrp/SignatureDt02016-05-02
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0CORNERSTONE COMMUNITY CREDIT UNION
ReturnHeader/Filer/BusinessNameControlTxt0CORN
ReturnHeader/Filer/EIN0426058209
ReturnHeader/Filer/PhoneNum05152741171
ReturnHeader/Filer/USAddress/AddressLine1Txt0414 61ST STREET
ReturnHeader/Filer/USAddress/CityNm0DES MOINES
ReturnHeader/Filer/USAddress/StateAbbreviationCd0IA
ReturnHeader/Filer/USAddress/ZIPCd050312
ReturnHeader/PreparerPersonGrp/PreparationDt02016-05-03
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0PETER RASMUSSEN
ReturnHeader/ReturnTs02016-05-03T14:52:16-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02015-01-01
ReturnHeader/TaxPeriodEndDt02015-12-31
ReturnHeader/TaxYr02015

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