Cornerstone Community FCU was recently featured in Buffalo Business First, citing the credit union’s growth and opening of its first Erie County branch. The article also highlighted some insight from Eric Hepkins, New York Credit Union Association board treasurer and CEO of Cornerstone Community FCU, who talked about what growth means to the credit union.
In the article, Hepkins stated that Cornerstone Community FCU’s mission lies outside the capitalistic forces that drive competition between most professional services firms. “Our growth is not for growth’s sake, and certainly not for profit’s sake,” he said. “Our growth is so we can achieve the right scale in order to serve our community.”
Lockport-based Cornerstone Community FCU, which has five branches and 120 employees in Niagara County and now its first branch in Erie County, gained approval last year to expand its charter to Erie County as the first step of its long-term plan to have branches throughout Erie County. Assets have risen from about $425 million when Hepkins was appointed CEO in February 2018 to about $570 million now, according to the article.
The article can be accessed on the Buffalo Business First website (log-in is required).