Corning Credit Union

One Credit Union Plaza
Corning, NY 14830
607-962-3144
www.corningcu.org

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Corning Credit Union is headquartered in Corning and is the 15^st largest credit union in the state of New York. It is also the 207^th largest credit union in the nation. It was established in 1936 and as of September of 2011, it had grown to 222 employees and 79,594 members. Corning Credit Union's savings rates are 2X the national average, and it boasts a 5-star health rating.

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See Rates for: Checking | Savings | Money Market | CD | IRA

Corning Credit Union Checking Account Rates

Apy	Min	Max	Product
2.00%	-	$20k	Windfall Checking
0.15%	$4k	-	Advantage Share Draft Checking Account
0.15%	-	-	Business Checking Account

Corning Credit Union Savings Account Rates

Apy	Min	Max	Product
1.20%	-	-	IRA Savings Account
1.20%	-	-	Roth IRA Savings Account
0.25%	-	-	Share Savings
0.25%	-	-	All Purpose Account
0.25%	-	-	Holiday Club Account
0.25%	-	-	Business Share Savings
0.25%	-	-	Business All Purpose Account

Corning Credit Union Money Market Rates

Apy	Min	Max	Product
0.95%	$250k	-	Money Market Account
0.95%	$250k	-	Business Money Market Account

Corning Credit Union CD Rates

Apy	Min	Max	Product
2.00%	$100k	-	60 Month Jumbo Transfer CD
2.00%	$100k	-	60 Month Jumbo Compounding CD
2.00%	$100k	-	Business 60 Month Jumbo Compounding CD
2.00%	$100k	-	Business 60 Month Jumbo Transfer CD
1.90%	$1k	-	60 Month Transfer CD
1.90%	$1k	-	60 Month Compounding CD
1.90%	$1k	-	Business 60 Month Compounding CD
1.90%	$1k	-	Business 60 Month Transfer CD
1.70%	$100k	-	48 Month Jumbo Transfer CD
1.70%	$100k	-	48 Month Jumbo Compounding CD
1.70%	$100k	-	Business 48 Month Jumbo Compounding CD
1.70%	$100k	-	Business 48 Month Jumbo Transfer CD
1.60%	$1k	-	48 Month Transfer CD
1.60%	$1k	-	48 Month Compounding CD
1.60%	$1k	-	Business 48 Month Compounding CD
1.60%	$1k	-	Business 48 Month Transfer CD
1.40%	$100k	-	36 Month Jumbo Transfer CD
1.40%	$100k	-	36 Month Jumbo Compounding CD
1.40%	$100k	-	Business 36 Month Jumbo Compounding CD
1.40%	$100k	-	Business 36 Month Jumbo Transfer CD
1.30%	$1k	-	36 Month Transfer CD
1.30%	$1k	-	36 Month Compounding CD
1.30%	$1k	-	Business 36 Month Compounding CD
1.30%	$1k	-	Business 36 Month Transfer CD
1.05%	$100k	-	24 Month Jumbo Transfer CD
1.05%	$100k	-	24 Month Jumbo Compounding CD
1.05%	$100k	-	Business 24 Month Jumbo Compounding CD
1.05%	$100k	-	Business 24 Month Jumbo Transfer CD
0.95%	$1k	-	24 Month Transfer CD
0.95%	$1k	-	24 Month Compounding CD
0.95%	$1k	-	Business 24 Month Compounding CD
0.95%	$1k	-	Business 24 Month Transfer CD
0.90%	$100k	-	18 Month Jumbo Transfer CD
0.90%	$100k	-	18 Month Jumbo Compounding CD
0.90%	$100k	-	Business 18 Month Jumbo Compounding CD
0.90%	$100k	-	Business 18 Month Jumbo Transfer CD
0.85%	$100k	-	12 Month Jumbo Step-up Transfer CD
0.85%	$100k	-	12 Month Jumbo Step-up Compounding CD
0.85%	$100k	-	Business 12 Month Jumbo Step-up Compounding CD
0.85%	$100k	-	Business 12 Month Jumbo Step-up Transfer CD
0.80%	$1k	-	18 Month Transfer CD
0.80%	$1k	-	18 Month Compounding CD
0.80%	$1k	-	Business 18 Month Compounding CD
0.80%	$1k	-	Business 18 Month Transfer CD
0.75%	$1k	-	12 Month Step-up Transfer CD
0.75%	$1k	-	12 Month Step-up Compounding CD
0.75%	$1k	-	Business 12 Month Step-up Compounding CD
0.75%	$1k	-	Business 12 Month Step-up Transfer CD
0.70%	$100k	-	6 Month Jumbo Transfer CD
0.70%	$100k	-	6 Month Jumbo Compounding CD
0.70%	$100k	-	Business 6 Month Jumbo Compounding CD
0.70%	$100k	-	Business 6 Month Jumbo Transfer CD
0.60%	$1k	-	6 Month Transfer CD
0.60%	$1k	-	6 Month Compounding CD
0.60%	$1k	-	Business 6 Month Compounding CD
0.60%	$1k	-	Business 6 Month Transfer CD
0.50%	$100k	-	3 Month Jumbo Transfer CD
0.50%	$100k	-	3 Month Jumbo Compounding CD
0.50%	$100k	-	Business 3 Month Jumbo Compounding CD
0.50%	$100k	-	Business 3 Month Jumbo Transfer CD
0.40%	$1k	-	3 Month Transfer CD
0.40%	$1k	-	3 Month Compounding CD
0.40%	$1k	-	Business 3 Month Compounding CD
0.40%	$1k	-	Business 3 Month Transfer CD

Corning Credit Union IRA Rates

Apy	Min	Max	Product
2.00%	$100k	-	60 Month Jumbo Transfer IRA
2.00%	$100k	-	60 Month Jumbo Compounding IRA
2.00%	$100k	-	60 Month Jumbo Compounding Roth IRA
2.00%	$100k	-	60 Month Jumbo Transfer Roth IRA
2.00%	$100k	-	Business 60 Month Jumbo Compounding IRA
2.00%	$100k	-	Business 60 Month Jumbo Compounding Roth IRA
2.00%	$100k	-	Business 60 Month Jumbo Transfer IRA
2.00%	$100k	-	Business 60 Month Jumbo Transfer Roth IRA
1.90%	$1k	-	60 Month Transfer IRA
1.90%	$1k	-	60 Month Compounding IRA
1.90%	$1k	-	60 Month Compounding Roth IRA
1.90%	$1k	-	60 Month Transfer Roth IRA
1.90%	$1k	-	Business 60 Month Compounding IRA
1.90%	$1k	-	Business 60 Month Compounding Roth IRA
1.90%	$1k	-	Business 60 Month Transfer IRA
1.90%	$1k	-	Business 60 Month Transfer Roth IRA
1.70%	$100k	-	48 Month Jumbo Transfer IRA
1.70%	$100k	-	48 Month Jumbo Compounding IRA
1.70%	$100k	-	48 Month Jumbo Compounding Roth IRA
1.70%	$100k	-	48 Month Jumbo Transfer Roth IRA
1.70%	$100k	-	Business 48 Month Jumbo Compounding IRA
1.70%	$100k	-	Business 48 Month Jumbo Compounding Roth IRA
1.70%	$100k	-	Business 48 Month Jumbo Transfer IRA
1.70%	$100k	-	Business 48 Month Jumbo Transfer Roth IRA
1.60%	$1k	-	48 Month Transfer IRA
1.60%	$1k	-	48 Month Compounding IRA
1.60%	$1k	-	48 Month Compounding Roth IRA
1.60%	$1k	-	48 Month Transfer Roth IRA
1.60%	$1k	-	Business 48 Month Compounding IRA
1.60%	$1k	-	Business 48 Month Compounding Roth IRA
1.60%	$1k	-	Business 48 Month Transfer IRA
1.60%	$1k	-	Business 48 Month Transfer Roth IRA
1.40%	$100k	-	36 Month Jumbo Transfer IRA
1.40%	$100k	-	36 Month Jumbo Compounding IRA
1.40%	$100k	-	36 Month Jumbo Compounding Roth IRA
1.40%	$100k	-	36 Month Jumbo Transfer Roth IRA
1.40%	$100k	-	Business 36 Month Jumbo Compounding IRA
1.40%	$100k	-	Business 36 Month Jumbo Compounding Roth IRA
1.40%	$100k	-	Business 36 Month Jumbo Transfer IRA
1.40%	$100k	-	Business 36 Month Jumbo Transfer Roth IRA
1.30%	$1k	-	36 Month Transfer IRA
1.30%	$1k	-	36 Month Compounding IRA
1.30%	$1k	-	36 Month Compounding Roth IRA
1.30%	$1k	-	36 Month Transfer Roth IRA
1.30%	$1k	-	Business 36 Month Compounding IRA
1.30%	$1k	-	Business 36 Month Compounding Roth IRA
1.30%	$1k	-	Business 36 Month Transfer IRA
1.30%	$1k	-	Business 36 Month Transfer Roth IRA
1.05%	$100k	-	24 Month Jumbo Transfer IRA
1.05%	$100k	-	24 Month Jumbo Compounding IRA
1.05%	$100k	-	24 Month Jumbo Compounding Roth IRA
1.05%	$100k	-	24 Month Jumbo Transfer Roth IRA
1.05%	$100k	-	Business 24 Month Jumbo Compounding IRA
1.05%	$100k	-	Business 24 Month Jumbo Compounding Roth IRA
1.05%	$100k	-	Business 24 Month Jumbo Transfer IRA
1.05%	$100k	-	Business 24 Month Jumbo Transfer Roth IRA
0.95%	$1k	-	24 Month Transfer IRA
0.95%	$1k	-	24 Month Compounding IRA
0.95%	$1k	-	24 Month Compounding Roth IRA
0.95%	$1k	-	24 Month Transfer Roth IRA
0.95%	$1k	-	Business 24 Month Compounding IRA
0.95%	$1k	-	Business 24 Month Compounding Roth IRA
0.95%	$1k	-	Business 24 Month Transfer IRA
0.95%	$1k	-	Business 24 Month Transfer Roth IRA
0.90%	$100k	-	18 Month Jumbo Transfer IRA
0.90%	$100k	-	18 Month Jumbo Compounding IRA
0.90%	$100k	-	18 Month Jumbo Compounding Roth IRA
0.90%	$100k	-	18 Month Jumbo Transfer Roth IRA
0.90%	$100k	-	Business 18 Month Jumbo Compounding IRA
0.90%	$100k	-	Business 18 Month Jumbo Compounding Roth IRA
0.90%	$100k	-	Business 18 Month Jumbo Transfer IRA
0.90%	$100k	-	Business 18 Month Jumbo Transfer Roth IRA
0.85%	$100k	-	12 Month Jumbo Step-up Transfer IRA
0.85%	$100k	-	12 Month Jumbo Step-up Compounding IRA
0.85%	$100k	-	12 Month Jumbo Step-up Compounding Roth IRA
0.85%	$100k	-	12 Month Jumbo Step-up Transfer Roth IRA
0.85%	$100k	-	Business 12 Month Jumbo Step-up Compounding IRA
0.85%	$100k	-	Business 12 Month Jumbo Step-up Compounding Roth IRA
0.85%	$100k	-	Business 12 Month Jumbo Step-up Transfer IRA
0.85%	$100k	-	Business 12 Month Jumbo Step-up Transfer Roth IRA
0.80%	$1k	-	18 Month Transfer IRA
0.80%	$1k	-	18 Month Compounding IRA
0.80%	$1k	-	18 Month Compounding Roth IRA
0.80%	$1k	-	18 Month Transfer Roth IRA
0.80%	$1k	-	Business 18 Month Compounding IRA
0.80%	$1k	-	Business 18 Month Compounding Roth IRA
0.80%	$1k	-	Business 18 Month Transfer IRA
0.80%	$1k	-	Business 18 Month Transfer Roth IRA
0.75%	$1k	-	12 Month Step-up Transfer IRA
0.75%	$1k	-	12 Month Step-up Compounding IRA
0.75%	$1k	-	12 Month Step-up Compounding Roth IRA
0.75%	$1k	-	12 Month Step-up Transfer Roth IRA
0.75%	$1k	-	Business 12 Month Step-up Compounding IRA
0.75%	$1k	-	Business 12 Month Step-up Compounding Roth IRA
0.75%	$1k	-	Business 12 Month Step-up Transfer IRA
0.75%	$1k	-	Business 12 Month Step-up Transfer Roth IRA
0.70%	$100k	-	6 Month Jumbo Transfer IRA
0.70%	$100k	-	6 Month Jumbo Compounding IRA
0.70%	$100k	-	6 Month Jumbo Compounding Roth IRA
0.70%	$100k	-	6 Month Jumbo Transfer Roth IRA
0.70%	$100k	-	Business 6 Month Jumbo Compounding IRA
0.70%	$100k	-	Business 6 Month Jumbo Compounding Roth IRA
0.70%	$100k	-	Business 6 Month Jumbo Transfer IRA
0.70%	$100k	-	Business 6 Month Jumbo Transfer Roth IRA
0.60%	$1k	-	6 Month Transfer IRA
0.60%	$1k	-	6 Month Compounding IRA
0.60%	$1k	-	6 Month Compounding Roth IRA
0.60%	$1k	-	6 Month Transfer Roth IRA
0.60%	$1k	-	Business 6 Month Compounding IRA
0.60%	$1k	-	Business 6 Month Compounding Roth IRA
0.60%	$1k	-	Business 6 Month Transfer IRA
0.60%	$1k	-	Business 6 Month Transfer Roth IRA
0.50%	$100k	-	3 Month Jumbo Transfer IRA
0.50%	$100k	-	3 Month Jumbo Compounding IRA
0.50%	$100k	-	3 Month Jumbo Compounding Roth IRA
0.50%	$100k	-	3 Month Jumbo Transfer Roth IRA
0.50%	$100k	-	Business 3 Month Jumbo Compounding IRA
0.50%	$100k	-	Business 3 Month Jumbo Compounding Roth IRA
0.50%	$100k	-	Business 3 Month Jumbo Transfer IRA
0.50%	$100k	-	Business 3 Month Jumbo Transfer Roth IRA
0.40%	$1k	-	3 Month Transfer IRA
0.40%	$1k	-	3 Month Compounding IRA
0.40%	$1k	-	3 Month Compounding Roth IRA
0.40%	$1k	-	3 Month Transfer Roth IRA
0.40%	$1k	-	Business 3 Month Compounding IRA
0.40%	$1k	-	Business 3 Month Compounding Roth IRA
0.40%	$1k	-	Business 3 Month Transfer IRA
0.40%	$1k	-	Business 3 Month Transfer Roth IRA

Rates updated: 2/11/2012

Data for Q3 2011

Institution Statistics

CORNING
NCUA #	1644
BankRate Report	View
Year Established	1936
Employees	222
Primary Regulator
Assets and Liabilities
Assets	$896.00 million
Loans	$582.57 million
Deposits	$809.02 million
Equity Capital	$81.88 million
Loan Loss Allowance	$5.05 million
Unbacked Noncurrent Loans	$1.24 million
Real Estate Owned	$177,000
Historic Data - September 2010
Assets	$812.97 million
Equity Capital	$78.05 million
Loan Loss Allowance	$4.91 million
Unbacked Noncurrent Loans	$779,000
Profit Margin - Quarterly
Net Interest Margin	2.85%
Return on Assets	0.42%
Return on Equity	4.56%
Interest Income	$23.39 million
Non-Interest Income	$9.24 million

Institution Health

Overall Score:

5 out of 5

Texas Ratio
The Texas Ratio is an indicator of how much funds a bank has available compared to the total value of loans considered at risk. As of September 30, 2011 Corning Credit Union had $1.42 million in non-current loans and owned real-estate with $86.93 million in equity and loan loss allowances on hand to cover it. This gives Corning Credit Union a Texas Ratio of 1.63% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
Texas Ratio Trend
The Texas Ratio for Corning Credit Union held steady from 0.94% as of September 30, 2010 to 1.63% as of September 30, 2011, resulting in a negative change of 73.46%. This indicates that the balance sheet and financial strength for Corning Credit Union has held steady in recent periods.
Deposit Growth
In the past year, Corning Credit Union has increased its total deposits by $78.71 million, resulting in 10.78% 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
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 $896 million in assets with $86.93 million in equity, resulting in a capitalization level of 9.70%, which is average.

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