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Loans

Loans:

We offer competitive rates, flexible terms and lower monthly payments. Whether you’re buying a new house or vehicle, paying off debt, or just need extra cash, Cornerstone Credit Union offers loans to meet your needs and budget.

Apply Online - Select an Option Below

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Make sure your family has a safety net in case the unexpected happens. Check out our Debt  Protection options and be safe rather than sorry.

Most loan applications can also be taken by phone. Call a Financial Service Representative toll-free at 800.711.3277 or 815.235.5855. You may also visit one of our Service Centers

Pay My Loan Option

It’s easy, secure and convenient to make your CCU loan payments:

  • Make a one-time or recurring payment to your Cornerstone loan* using another institution’s credit card or debit card**.
  • Make a one-time or recurring payment to your Cornerstone loan using your checking or savings account(s) at other financial institutions.
  • Add & save up to 4 payment instruments
  • Add multiple loans to your profile and pay in one secured session
  • Your payment will be posted to your loan in approximately two (2) business days.
  • You can do this on your own … any time that works for you.

Important! If you’re a first time “Pay My Loan” user, you’ll need to know your Cornerstone Account Number and Loan ID Number. 

Click here to get started.

Pay My Loan handout.

If you want to make a loan payment to your Cornerstone loan using your Cornerstone checking or savings account, please log in to your CCU online banking page, or use our mobile app, and make the transfer.

Do you want to get a copy of your credit report? Free credit reports are available under federal law at AnnualCreditReport.com. CCU members can also sign up for our Free Credit Sense service under Services on your Online Banking page for free credit score monitoring and more.
                                                                                                                  
*excludes mortgage and line of credit loans. Minimum payment is $10 and maximum is $1,500.
 **Mastercard, Discover, and Visa debit cards accepted. Credit card fees apply.

Vehicle Loans

New & Used Vehicles

Finance your new or used auto with Cornerstone Credit Union and save with affordable rates and payment terms. Purchase or refinance, we offer the same great rate. Borrow up to the retail value in the NADA Book including tax, title and license.

  • Same low rate for New or Used Vehicle Model Years: 2022 or Newer, or Untitled
  • Used Vehicle Model Years: 2020-2021
  • Older Used Vehicle Model Years: 2016-2019  
  • Call us about our Classic Cars/Motorcycles rates and terms
  • No rate buy-downs

Let Cornerstone Credit Union provide affordable financing with easy payments and terms. Apply now below, by phone, or at any CCU location


 
RV, Motor Home, Boat & Travel Trailers

Open road or open water: The choice is yours with an RV or Boat Loan from Cornerstone Credit Union. Financing is available for 100% of the NADA retail value for a used boat or RV.

Home Equity Fixed-Rate Loan

 

SAFE Act

The Secure and Fair Enforcement for Mortgage Licensing Act (SAFE Act), requires credit union mortgage loan originators and their employing institutions to register with the Nationwide Mortgage Licensing System & Registry (NMLS). A listing of the mortgage loan originators (MLO) of Cornerstone Credit Union (Institution 743907) can be found below:

NMLS ID MLO Name
472527 Scott Arnold
762751 Jason Barklow
936718 Gail Clore
1477270 Melodie Cruz
770538 Lisa Miller
2340830 Melissa Rippy
1976250 Tana Slauson-Reed


For more information about the Nationwide Mortgage Licensing System & Registry, please visit the NMLS at www.nmlsconsumeraccess.org.

Motorcycle, Snowmobile & Jet Skis

Nothing feels quite like being one with the road on your two-wheeled ride. Look to Cornerstone CU as your “thrill” partner and talk to us about financing or refinancing your motorcycle.

Home Equity Line of Credit (HELOC)

 

SAFE Act

The Secure and Fair Enforcement for Mortgage Licensing Act (SAFE Act), requires credit union mortgage loan originators and their employing institutions to register with the Nationwide Mortgage Licensing System & Registry (NMLS). A listing of the mortgage loan originators (MLO) of Cornerstone Credit Union (Institution 743907) can be found below:

NMLS ID MLO Name
472527 Scott Arnold
762751 Jason Barklow
1477270 Melodie Cruz
936718 Gail Clore
770538 Lisa Miller
2340830 Melissa Rippy
1976250 Tana Slauson-Reed


For more information about the Nationwide Mortgage Licensing System & Registry, please visit the NMLS at www.nmlsconsumeraccess.org.

Mortgage Loan

Our goal is to provide a favorable mortgage experience while maintaining consistent, straightforward communication. Cornerstone offers competitive rates and fees to help find an affordable payment and term on your home loan. Our decision-making is local, and you can apply online (link below).

After you complete the application a mortgage professional will then review it to determine which program is best for you. After this review, a representative will contact you to discuss your options. 

Once a decision has been made, together we will sign the forms and proceed to the closing.

You can easily make your mortgage loan payment through your online banking page or set up an automatic payment. 

For current rates, please contact us at 800-711-3277 and speak to a financial service representative.

Is a Home Equity Loan or Home Equity Line of Credit a better fit for your needs? Get rates here.

SAFE Act

The Secure and Fair Enforcement for Mortgage Licensing Act (SAFE Act), requires credit union mortgage loan originators and their employing institutions to register with the Nationwide Mortgage Licensing System & Registry (NMLS). A listing of the mortgage loan originators (MLO) of Cornerstone Credit Union (Institution 743907) can be found below:

NMLS ID MLO Name
472527 Scott Arnold
762751 Jason Barklow
936718 Gail Clore
1477270 Melodie Cruz
770538 Lisa Miller
2340830 Melissa Rippy
1976250 Tana Slauson-Reed

For more information about the Nationwide Mortgage Licensing System & Registry, please visit the NMLS at www.nmlsconsumeraccess.org.
 
Personal Loans

Share Secured Loan

A loan secured with your Cornerstone Credit Union Savings account or Certificate of Deposit is a great way to get access to your savings, without depleting them. That's because 100% of the loan amount remains on deposit until the loan is paid off. A Share Secured Loan is a perfect loan for young people seeking to establish credit in a responsible manner.


Debt Consolidation Loan

If you're ready to take control of your debt, consolidating it at a lower rate is a wise move. Borrow up to $15,000 (based on creditworthiness) to pay off existing loans you have elsewhere. Current CCU loans do not qualify.


Personal Revolving Line of Credit

Life's emergencies and opportunities don't always line up with payday. An unsecured, open-end Line of Credit quickly provides you up to $10,000 (based on creditworthiness) in cash. Establish your credit line, and then draw on it as needed.

Enjoy 24/7 cash access via Online or Mobile banking, EARS (our telephone teller) and transfer funds into your Cornerstone Credit Union Checking account. On the first of each month, repayment is made automatically from your Cornerstone Credit Union account. Monthly payments are based on 3.4% of the total approved credit line, with the minimum payment of $20.


Personal & Signature Loans

Eye on a new couch? Craving a Caribbean cruise? Computer crashed? Personal and Signature Loans at Cornerstone Credit Union can provide funds for furnishings or fun, unexpected expenses or ordinary obligations. Borrow up to $15,000 (based on creditworthiness).

Student Loans
We work with ISL Education Lending to offer private loans to help you pay for college as well as refinance existing student loans. ISL Education Lending is a nonprofit organization with decades of student loan experience offering lower-priced loans.*
 
ISL Education Lending offers:
  • Loans for college students.
  • A loan option for parents and family members who wish to borrow on behalf of a college student.
  • Multiple student loan refinance options.
In addition, they offer multiple scholarship opportunities and free college planning tools to help students and families avoid overborrowing and plan smart for life during and after college.
 
Learn more about ISL Education Lending’s offerings on their website.
 
Please note:
  • All loans offered by ISL Education Lending are subject to credit approval.
  • Before applying for a private loan, we encourage you to first complete the FAFSA, or Free Application for Federal Student Aid. You should also work with your college financial aid office to explore and exhaust all sources of student financial aid before seeking a private student loan.
College Financing Options Brochure
New Student Loan Options Handout

*Cornerstone Credit Union is compensated by ISL Education Lending for the referral of student loan customers.