Donna Young, President
In 1955, a group of employees in the field of education embraced the credit union philosophy of “people helping people” and imagined a financial institution designed specifically to support employees who worked in the Davidson County schools system.
Davidson County Schools Credit Union was started in 1955 in a “shoe box” at a time when everything was documented by hand with no computers. As employees in the field of education learned about credit unions, they relied on the Credit Union to help them save for their future and borrow as needed.
New Names for New Eras
Mr. Ray Hudgens became the first president of Davidson County Schools Credit Union and in 1965, the credit union became Mid-State Educators Credit Union. Mr. Hudgins spent the next 29 years growing and imagining a great place to serve members’ financial needs. His guidance and unique management style still echoes throughout the organization.
As the credit union industry changed, allowing an expanded membership, we changed our name to Educators Credit Union in 1982 and then again in 2005 to Cornerstone Financial Credit Union. Our new name was reflective of the many different groups, organizations, and members that we served.
Past Presidents
Through the years, each of our past presidents brought their own leadership style and made impacts that would continue our strength and stability. Mrs. Sarah P. Wood modernized many of our systems, policies, and procedures. Mr. Hank Flury had a vision of growth that expanded ATM networks and a new in-house core processor. Mr. Joe Spivey guided not only our employees, but our members through the pandemic and also opened a new state of the art location in Franklin.
Growth and Modernization
Now, in 2025, after 70 years of growth and success, Cornerstone is serving our members in a digital world with their financial services right in their hand. Members can complete almost any transaction in digital banking including making deposits, applying for loans, making payments, and transferring funds.
Financially Sound, Community-Oriented
Cornerstone has an extremely dedicated and committed board of directors and employees who have the foresight and imagination to make our credit union a solid, financially sound, innovative, and community-oriented organization.
As the current president, I wish to thank our loyal members and recognize our current and previous board of directors and staff. I have confidence this organization will continue to grow and prosper over the next 70 years.
Happy Anniversary to Cornerstone Financial Credit Union and all those who have supported us.