Nonprofit · EIN 75-0992724
CORNER STONE CREDIT UNION
Tax-exempt · LANCASTER, TX 75146
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $1,730,436 | $1,674,221 | $56,215 | $20,053,684 | $18,088,764 | $1,964,920 |
| December 31, 2024 | 990 | $1,922,746 | $1,889,860 | $32,886 | $20,474,282 | $18,565,577 | $1,908,705 |
| December 31, 2023 | 990 | $1,588,010 | $1,537,975 | $50,035 | $21,376,169 | $19,500,350 | $1,875,819 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $1,473,371
- Investment income
- $178,763
- Other revenue
- $78,302
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $104,502
- Other salaries and wages
- $389,009
- Salaries, compensation and benefits (total)
- $632,209
- Professional fundraising fees
- $0
- Legal fees
- $428
- Accounting fees
- $51,032
- Occupancy
- $82,345
- Depreciation
- $24,575
- Program services (functional)
- $1,674,221
Balance sheet and other
- Total assets, start of year
- $20,474,282
- Total assets, end of year
- $20,053,684
- Total liabilities, end of year
- $18,088,764
- Net assets, end of year
- $1,964,920
- Land, buildings and equipment
- $266,700
- Gross unrelated business income
- $35,444
- Gross receipts
- $1,730,436
- Employees
- 11
- Volunteers
- 8
- Year formed
- 1952
- State of legal domicile
- TX
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Stacey McDonald | CEO Key employee, Highest-paid employee | 40 | $104,502 |
| Kenneth Govan | Chair Trustee or director, Officer | 1 | $0 |
| Jennifer Barnhill | Vice Chairman Trustee or director, Officer | 1 | $0 |
| Cassondra Andrews | Secretary Trustee or director, Officer | 1 | $0 |
| Randy Powledge | Treasurer Trustee or director, Officer | 1 | $0 |
| Pamla Wood | Director Trustee or director | 1 | $0 |
| Clark Davis | Director Trustee or director | 1 | $0 |
990 for the year ended December 31, 2024: 8 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Stacey McDonald | CEO Key employee, Highest-paid employee | 40 | $98,928 |
| Kenneth Govan | Chair Trustee or director, Officer | 1 | $0 |
| Randy Powledge | Vice Chairman Trustee or director, Officer | 1 | $0 |
| Sandi Barton | Secretary Trustee or director, Officer | 1 | $0 |
| Jeff Lemmond | Treasurer Trustee or director, Officer | 1 | $0 |
| Pamla Wood | Director Trustee or director | 1 | $0 |
| Jennifer Barnhill | Director Trustee or director | 1 | $0 |
| Clark Davis | Director Trustee or director | 1 | $0 |
990 for the year ended December 31, 2023: 8 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Stacey McDonald | CEO Key employee, Highest-paid employee | 40 | $98,928 |
| Kenneth Govan | Chair Trustee or director, Officer | 1 | $0 |
| Randy Powledge | Vice Chairman Trustee or director, Officer | 1 | $0 |
| Sandi Barton | Secretary Trustee or director, Officer | 1 | $0 |
| Jeff Lemmond | Treasurer Trustee or director, Officer | 1 | $0 |
| Pamla Wood | Director Trustee or director | 1 | $0 |
| Jennifer Barnhill | Director Trustee or director | 1 | $0 |
| Clark Davis | Director Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 130 HISTORIC TOWN SQ, LANCASTER, TX 75146-3200
- Principal officer (990 for 2025)
- Stacey McDonald, 130 Historic Town Square, Lancaster, TX 75146
- Signed the 990
- Stacey McDonald, CEO
- Phone
- (972) 218-9266
- Return prepared by
- Greg R Schmidt CPA
Mission
Not-For-Profit financial coop owned by its members
Program accomplishments
- We offer a variety of lending products at competetive rates
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | 990 on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 75-0992724
- Tax-exempt status
- 501(c)(14): State-chartered credit union
- Donations deductible
- No
- Exempt since
- 1976
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Group exemption
- 2742: CREDIT UNION DEPARTMENT OF THE STATE OF TEXAS
- Assets (IRS master file)
- $20,053,684
- Income (IRS master file)
- $1,730,436
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $1,730,436 | $1,674,221 | $20,053,684 | IRS |
| 990 | December 2024 | $1,922,746 | $1,889,860 | $20,474,282 | IRS |
| 990 | December 2023 | $1,588,010 | $1,537,975 | $21,376,169 | XML |
| 990 | December 2022 | $1,468,783 | $1,262,604 | $21,159,977 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2019 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 75-0992724).
Questions about CORNER STONE CREDIT UNION
- What is the EIN of CORNER STONE CREDIT UNION?
- The employer identification number (EIN) of CORNER STONE CREDIT UNION is 75-0992724.
- Is CORNER STONE CREDIT UNION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(14) since 1976.
- Are donations to CORNER STONE CREDIT UNION tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does CORNER STONE CREDIT UNION file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of CORNER STONE CREDIT UNION due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did CORNER STONE CREDIT UNION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who is the principal officer of CORNER STONE CREDIT UNION?
- The 990 for the year ended December 31, 2025 names Stacey McDonald.
- Who are the officers and directors of CORNER STONE CREDIT UNION?
- The 990 for the year ended December 31, 2025 lists 7 people; 1 received compensation from the organization, the highest $104,502 (Stacey McDonald, CEO).
- How much revenue does CORNER STONE CREDIT UNION have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $1,730,436, expenses of $1,674,221 and total assets of $20,053,684 at year end.
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