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607-962-3144
1 Credit Union Plz
Corning, NY 14830-2857

Corning Credit Union is headquartered in Corning and is the 14st largest credit union in the state of New York. It is also the 195th largest credit union in the nation. It was established in 1936 and as of March of 2014, it had grown to 269 employees and 88,457 members. Corning Credit Union has a A health rating.

Field of Membership Restrictions

There are four ways to qualify Corning Credit Union membership. You could be eligible to become a member through a family member, through your employer, through an association, or through your community. Anyone who lives, works, worships, or attends school in one of the following communities can join: Chemung County Area, NY; City of Wilmington, NC; Brunswick County Area, NC; Franklin County Area, PA; Mon Valley Community, PA; and Waynesboro, PA. Establish your membership by opening a savings account. - See Details

Reviews (1)

They're GRRRRRREAT

I really like the Windfall Checking account.   I like that you can use use their credit card and not the debit card for the 12 purchases needed to get the higher interest rate.   I also like that they refund all ATM fees if you meet their monthly requirements which are quite reasonable.   Their website is good and their billpay works well.   



Health

Data for Q1 2014

Institution Health

A

Texas Ratio

GRADE:
A+

The Texas Ratio is an indicator of how much capital a bank has available compared to the total value of loans considered at risk. As of March 31, 2014 Corning Credit Union had $1.85 million in non-current loans and owned real-estate with $102.36 million in equity and loan loss allowances on hand to cover it. This gives Corning Credit Union a Texas Ratio of 1.81% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
C+

The Texas Ratio for Corning Credit Union experienced no significant changes from 1.43% as of March 31, 2013 to 1.81% as of March 31, 2014, resulting in a negative change of 26.35%. This indicates that the balance sheet and financial strength for Corning Credit Union has had no significant changes in recent periods.

Deposit Growth

GRADE:
A

In the past year, Corning Credit Union has increased its total deposits by $40.93 million, resulting in 4.36% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth Corning Credit Union has shown is excellent.

Capitalization

GRADE:
C+

Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. Corning Credit Union has $1.08 billion in assets with $102.36 million in equity, resulting in a capitalization level of 9.44%, which is average.

Institution Statistics

Overall
NCUA #1644
Year Chartered1936
Employees269
Primary Regulator
Assets and Liabilities
Assets$1.08 billion
Loans$672.00 million
Deposits$979.89 million
Equity Capital$96.53 million
Loan Loss Allowance$5.83 million
Unbacked Noncurrent Loans$1.58 million
Real Estate Owned$266,000
Historic Data - March 2013
Assets$1.04 billion
Equity Capital$91.31 million
Loan Loss Allowance$5.56 million
Unbacked Noncurrent Loans$1.58 million
Real Estate Owned$83,000
Profit Margin - Quarterly
Net Interest Margin0.91%
Return on Assets0.47%
Return on Equity5.23%
Interest Income$7.46 million
Rates

Always verify rates and promotions with the bank or credit union. We are not Corning Credit Union, we are a rate comparison website and can not provide official rates or promotions.

Corning Credit Union Savings Account Rates

DetailsAPYMINMAXPRODUCT
0.50%--IRA Savings Account
0.50%--Roth IRA Savings Account
0.10%--Share Savings
0.10%--All Purpose Account
0.10%--Holiday Club Account
0.10%--Business Share Savings
0.10%--Business All Purpose Account

Corning Credit Union Money Market Rates

DetailsAPYMINMAXPRODUCT
0.40%$250k-Money Market Account
0.40%$250k-Business Money Market Account

Corning Credit Union Checking Account Rates

DetailsAPYMINMAXPRODUCT
2.00%-$20kWindfall Checking - Qualifying
0.05%$4k-Advantage Share Draft Checking Account
0.05%$4k-Business Checking Account

Corning Credit Union CD Rates

DetailsAPYMINMAXPRODUCT
1.40%$100k-60 Month Jumbo Transfer CD
1.40%$100k-60 Month Jumbo Compounding CD
1.40%$100k-Business 60 Month Jumbo Compounding CD
1.40%$100k-Business 60 Month Jumbo Transfer CD
1.35%$1k-60 Month Transfer CD
1.35%$1k-60 Month Compounding CD
1.35%$1k-Business 60 Month Compounding CD
1.35%$1k-Business 60 Month Transfer CD
1.15%$100k-48 Month Jumbo Transfer CD
1.15%$100k-48 Month Jumbo Compounding CD
1.15%$100k-Business 48 Month Jumbo Compounding CD
1.15%$100k-Business 48 Month Jumbo Transfer CD
1.10%$1k-48 Month Transfer CD
1.10%$1k-48 Month Compounding CD
1.10%$1k-Business 48 Month Compounding CD
1.10%$1k-Business 48 Month Transfer CD
0.75%$100k-36 Month Jumbo Transfer CD
0.75%$100k-36 Month Jumbo Compounding CD
0.75%$100k-Business 36 Month Jumbo Compounding CD
0.75%$100k-Business 36 Month Jumbo Transfer CD
0.70%$1k-36 Month Transfer CD
0.70%$1k-36 Month Compounding CD
0.70%$1k-Business 36 Month Compounding CD
0.70%$1k-Business 36 Month Transfer CD
0.60%$100k-24 Month Jumbo Transfer CD
0.60%$100k-24 Month Jumbo Compounding CD
0.60%$100k-Business 24 Month Jumbo Compounding CD
0.60%$100k-Business 24 Month Jumbo Transfer CD
0.55%$1k-24 Month Transfer CD
0.55%$1k-24 Month Compounding CD
0.55%$1k-Business 24 Month Compounding CD
0.55%$1k-Business 24 Month Transfer CD
0.50%$100k-18 Month Jumbo Transfer CD
0.50%$100k-18 Month Jumbo Compounding CD
0.50%$100k-Business 18 Month Jumbo Compounding CD
0.50%$100k-Business 18 Month Jumbo Transfer CD
0.45%$1k-18 Month Transfer CD
0.45%$100k-12 Month Jumbo Step-up Transfer CD
0.45%$100k-12 Month Jumbo Step-up Compounding CD
0.45%$1k-18 Month Compounding CD
0.45%$100k-Business 12 Month Jumbo Step-up Compounding CD
0.45%$100k-Business 12 Month Jumbo Step-up Transfer CD
0.45%$1k-Business 18 Month Compounding CD
0.45%$1k-Business 18 Month Transfer CD
0.40%$1k-12 Month Step-up Transfer CD
0.40%$1k-12 Month Step-up Compounding CD
0.40%$1k-Business 12 Month Step-up Compounding CD
0.40%$1k-Business 12 Month Step-up Transfer CD
0.35%$100k-6 Month Jumbo Transfer CD
0.35%$100k-6 Month Jumbo Compounding CD
0.35%$100k-Business 6 Month Jumbo Compounding CD
0.35%$100k-Business 6 Month Jumbo Transfer CD
0.30%$1k-6 Month Transfer CD
0.30%$1k-6 Month Compounding CD
0.30%$1k-Business 6 Month Compounding CD
0.30%$1k-Business 6 Month Transfer CD
0.25%$100k-3 Month Jumbo Transfer CD
0.25%$100k-3 Month Jumbo Compounding CD
0.25%$100k-Business 3 Month Jumbo Compounding CD
0.25%$100k-Business 3 Month Jumbo Transfer CD
0.20%$1k-3 Month Transfer CD
0.20%$1k-3 Month Compounding CD
0.20%$1k-Business 3 Month Compounding CD
0.20%$1k-Business 3 Month Transfer CD

Corning Credit Union IRA Rates

DetailsAPYMINMAXPRODUCT
1.40%$100k-60 Month Jumbo Transfer IRA
1.40%$100k-60 Month Jumbo Compounding IRA
1.40%$100k-Business 60 Month Jumbo Compounding IRA
1.40%$100k-Business 60 Month Jumbo Transfer IRA
1.35%$1k-60 Month Transfer IRA
1.35%$1k-60 Month Compounding IRA
1.35%$1k-Business 60 Month Compounding IRA
1.35%$1k-Business 60 Month Transfer IRA
1.15%$100k-48 Month Jumbo Transfer IRA
1.15%$100k-48 Month Jumbo Compounding IRA
1.15%$100k-Business 48 Month Jumbo Compounding IRA
1.15%$100k-Business 48 Month Jumbo Transfer IRA
1.10%$1k-48 Month Transfer IRA
1.10%$1k-48 Month Compounding IRA
1.10%$1k-Business 48 Month Compounding IRA
1.10%$1k-Business 48 Month Transfer IRA
0.75%$100k-36 Month Jumbo Transfer IRA
0.75%$100k-36 Month Jumbo Compounding IRA
0.75%$100k-Business 36 Month Jumbo Compounding IRA
0.75%$100k-Business 36 Month Jumbo Transfer IRA
0.70%$1k-36 Month Transfer IRA
0.70%$1k-36 Month Compounding IRA
0.70%$1k-Business 36 Month Compounding IRA
0.70%$1k-Business 36 Month Transfer IRA
0.60%$100k-24 Month Jumbo Transfer IRA
0.60%$100k-24 Month Jumbo Compounding IRA
0.60%$100k-Business 24 Month Jumbo Compounding IRA
0.60%$100k-Business 24 Month Jumbo Transfer IRA
0.55%$1k-24 Month Transfer IRA
0.55%$1k-24 Month Compounding IRA
0.55%$1k-Business 24 Month Compounding IRA
0.55%$1k-Business 24 Month Transfer IRA
0.50%$100k-18 Month Jumbo Transfer IRA
0.50%$100k-18 Month Jumbo Compounding IRA
0.50%$100k-Business 18 Month Jumbo Compounding IRA
0.50%$100k-Business 18 Month Jumbo Transfer IRA
0.45%$100k-12 Month Jumbo Step-up Transfer IRA
0.45%$1k-18 Month Transfer IRA
0.45%$100k-12 Month Jumbo Step-up Compounding IRA
0.45%$1k-18 Month Compounding IRA
0.45%$100k-Business 12 Month Jumbo Step-up Compounding IRA
0.45%$100k-Business 12 Month Jumbo Step-up Transfer IRA
0.45%$1k-Business 18 Month Compounding IRA
0.45%$1k-Business 18 Month Transfer IRA
0.40%$1k-12 Month Step-up Transfer IRA
0.40%$1k-12 Month Step-up Compounding IRA
0.40%$1k-Business 12 Month Step-up Compounding IRA
0.40%$1k-Business 12 Month Step-up Transfer IRA
0.35%$100k-6 Month Jumbo Transfer IRA
0.35%$100k-6 Month Jumbo Compounding IRA
0.35%$100k-Business 6 Month Jumbo Compounding IRA
0.35%$100k-Business 6 Month Jumbo Transfer IRA
0.30%$1k-6 Month Transfer IRA
0.30%$1k-6 Month Compounding IRA
0.30%$1k-Business 6 Month Compounding IRA
0.30%$1k-Business 6 Month Transfer IRA
0.25%$100k-3 Month Jumbo Transfer IRA
0.25%$100k-3 Month Jumbo Compounding IRA
0.25%$100k-Business 3 Month Jumbo Compounding IRA
0.25%$100k-Business 3 Month Jumbo Transfer IRA
0.20%$1k-Business 3 Month Compounding IRA
0.20%$1k-Business 3 Month Transfer IRA
0.20%$1k-3 Month Compounding IRA
Locations

Corning Credit Union has 17 locations. Click to view all Corning Credit Union locations.