Cornerstone Foundations’ First-Ever Fintech Venture

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The Cornerstone League’s charity arm, the Cornerstone Foundation, announced on Wednesday that it has partnered with sister service company Cornerstone Resources and fintech startup Credit Mountain to offer technology that will provide consumers with personalized credit enhancement plans using a mobile app.

“This is the Cornerstone Foundation’s first ever fintech venture, which began with a successful joint pilot program and seven forward-looking credit unions,” said the Cornerstone Foundation’s CEO Courtney Moran. “The foundation also led a scholarship-writing initiative to secure funding from the CUNA Mutual Group Foundation, the United Way of Metropolitan Dallas and the William and Sylvia Zale Foundation, while capturing the attention of the FINRA Foundation.”

According to Wednesday’s statement, the seven credit unions with Cornerstone members who participated in the pilot program included:

1. Resource One Credit Union ($ 747 million, Dallas)
2. WEOKIE Federal Credit Union ($ 1.3 billion, Oklahoma City, Okla.)
3. Allegiance Credit Union ($ 380 million, Oklahoma City, Okla.)
4. Mobiloil Credit Union ($ 1 billion, Beaumont, Texas)
5. Communication Federal Credit Union ($ 1.8 billion, Oklahoma City, Okla.)
6. Beacon Federal Credit Union ($ 204 million, La Porte, Texas)
7. Santa Fe Credit Union ($ 153 million, Amarillo, Texas)

In early 2022, Credit Mountain became a CUSO, and with this new partnership with Cornerstone Resources, Credit Mountain will be able to expand its ability to serve credit unions around the country.

“Credit Mountain blends credit union membership focus with new technologies to deliver a personalized credit enhancement experience,” said Credit Mountain co-founder and Chief Product Officer Frank Santoni. “We are grateful that the Cornerstone Foundation recognized the opportunity to partner with Credit Mountain.”

“The Credit Mountain service goes beyond monitoring,” said Ryan Dold, revenue manager at Cornerstone Resources. “It equips users with the tools needed to improve their credit health. Credit unions can track members’ progress and provide offers that help them reach their financial goals.”

“The road to product market adaptation – finding the right product calibration for the right customer – is the narrow strait that few startups get through successfully,” said Credit Mountain co-founder and CEO Nathan Pinto. “Having the foundation by our side for the journey helped us know where to look, who to ask and most importantly, what to make. It’s unlikely we would have made a product that resonates so well with the credit union industry without ours. collaboration with the Cornerstone Foundation. ”