Credit Card

Cornerstone Community Federal Credit Union's filed agreement for Credit Card discloses a 7.9% purchase APR and a 14.9% penalty rate. That purchase rate ranks near the 3rd percentile across this corpus of 4,587 filings.

What the document actually states

Credit Card is one of the agreements Cornerstone Community Federal Credit Union has on file with the CFPB. It is issued on the Visa network and the filing runs two pages.

The filing is explicit about a purchase rate, a cash advance rate, a balance transfer rate, a penalty rate and a late payment maximum. It is silent on an annual fee line.

The purchase rate in context

Ranked against the corpus, this purchase APR — 7.9% — sits at approximately the 3rd percentile and is among the very cheapest figures in the whole set.

What the rate means in dollars

Carry $1,000 on this card for a year without paying it down and the purchase rate alone generates roughly $82 in interest.

The corpus median purchase rate is 21.99%, which on the same $1,000 would cost about $246 a year. This filing saves roughly $164 annually against that benchmark.

Broken down to a single thirty-day cycle, the same balance accrues roughly $6.51.

That maths assumes a static balance and nothing else — no payments, no additional purchases, no fees folded in.

Where the fees are

Taking cash against the card means a cash advance APR of 8.9%. The premium over purchases is 1 percentage points.

Transferred balances are priced at 8.9%; no separate transfer fee was captured from the filing.

Spending abroad costs an extra 1% — about $10 on $1,000 of purchases, independent of interest.

The downside terms

The agreement discloses penalty pricing of 14.9% — about the 4th percentile of the 794 penalty rates recorded across this index.

A default therefore reprices the debt by 7 points: about $157 a year more on $2,000, for as long as the penalty rate stands.

$25 is the disclosed ceiling on a late payment fee, placing it near the 32nd percentile of the set.

Grace period and minimum charge

25 days is the disclosed grace period for purchases — the interval in which paying in full costs nothing. That matches the 25-day median across the corpus almost exactly.

What you cannot learn from the filing

Absent from the captured terms: an annual fee. The original document is the place to look for any of these.

What this analysis can address is bounded by the filing: rates, fees and the terms around them. Everything a card issuer might advertise — rewards, benefits, bonuses, who qualifies — falls outside the document and outside this review.

Inside Cornerstone Community Federal Credit Union's filed lineup

There are 14 filings from Cornerstone Community Federal Credit Union in this index. The issuer's own range is 7.9%–9.9%. At 7.9%, this agreement is dearer than 0 of its siblings.

Where the authority sits

The filed PDF is linked from this page and runs two pages. It is the authority for every figure summarised above; where this page and the document disagree, the document is right.

In short

At 7.9% the purchase rate is low relative to this corpus, which is the clearest thing the filing has going for it on cost.