Credit Card

Credit Card, as filed by Cornerstone Community Federal Credit Union, carries a 9.9% purchase APR and a 14.9% penalty rate. That purchase rate ranks near the 5th percentile across this corpus of 4,587 filings.

What the document actually states

This page covers the agreement Cornerstone Community Federal Credit Union filed for Credit Card. The filing runs two pages, and It is issued on the Visa network.

Terms captured from the document include a purchase rate, a cash advance rate, a balance transfer rate, a penalty rate and a late payment maximum. No figure appears for an annual fee line.

How the purchase rate compares

At 9.9%, the purchase APR falls at roughly the 5th percentile of the 2,280 filings indexed here, which is lower than almost every other agreement here.

What a balance actually costs

A $1,000 balance left untouched for twelve months accrues about $104 in interest at this purchase rate.

A typical filing in this index would charge about $246 on that balance; this one is roughly $142 a year below it.

Broken down to a single thirty-day cycle, the same balance accrues roughly $8.17.

Treat this as an illustration of what the disclosed rate does, not as a projection of a real account, which would be shaped by payments and by the fees described elsewhere in the filing.

Penalty pricing and late fees

If the account defaults, the filing permits a rate of 14.9%. Among disclosing agreements here that ranks near the 4th percentile.

A default therefore reprices the debt by 5 points: about $113 a year more on $2,000, for as long as the penalty rate stands.

Late payments are capped at $25 under this filing, about the 32nd percentile of late fee maximums in the corpus.

The fee structure

For cash advances the filing discloses a cash advance APR of 10.9%. The premium over purchases is 1 percentage points. Cash advances also tend to fall outside any grace period, which means interest typically starts on day one rather than at the end of a billing cycle.

The filing discloses a 10.9% balance transfer rate without an accompanying fee figure.

The filing sets a 1% foreign transaction fee, which adds roughly $20 to $2,000 spent outside the United States.

Paying in full

Purchases carry a 25-day grace period: pay the statement in full inside it and the purchase rate never applies.

How it sits in the issuer's own range

This is one of 14 Cornerstone Community Federal Credit Union agreements collected here. Across that lineup purchase rates span 7.9% to 9.9%; this filing's 9.9% sits above 5 of the comparable ones.

What you cannot learn from the filing

This page cannot tell you an annual fee, because the filing's disclosure table as read does not contain it.

More broadly, a CFPB agreement filing is a legal and pricing document. It does not describe rewards, benefits, sign-up offers, eligibility or approval criteria, and nothing of that kind has been inferred on this page. Where a card has features of that sort, they live outside this document entirely.

The document itself

This summary stands or falls on the linked PDF — two pages. Agreements are amended over time, and the filing reflects the terms as submitted rather than as they stand today.

In short

The purchase rate of 9.9% is one of the cheaper figures in this index — the central point in the agreement's favour.