Corning Credit Union is headquartered in Corning and is the 14th largest credit union in the state of New York. It is also the 198th largest credit union in the nation. It was established in 1936 and as of September of 2024, it had grown to 396 employees and 162,896 members at 20 locations. Corning Credit Union's money market rates are 9X the national average, and it has an A health rating.
Membership in Corning Credit Union is open to those who live, work, worship, or attend school in Chemung County or the city of Corning, New York; Franklin County, Pennsylvania; Brunswick or Pender County or the city of Wilmington, North Carolina; or Horry County, South Carolina. Employees or members of Ithaca College, Port City Enterprises, and more than 300 Select Employer Groups also qualify for membership.
See current membership details
Overall | |
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NCUA # | 1644 |
Year Chartered | 1936 |
Employees | 396 |
Primary Regulator |
Profit Margin | |
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Return on Assets - YTD | 0.78% |
Return on Equity - YTD | 7.21% |
Annual Interest Income | $85MM |
Assets and Liabilities | ||
---|---|---|
Assets | Q3 2024vs Q3 2023 | $2.39B$2.33B |
Loans | Q3 2024vs Q3 2023 | $2.03B$2.09B |
Deposits | Q3 2024vs Q3 2023 | $2.11B$1.99B |
Equity Capital | Q3 2024vs Q3 2023 | $256.7MM$231.6MM |
Loan Loss Allowance | Q3 2024vs Q3 2023 | $23.1MM$25.2MM |
Unbacked Noncurrent Loans | Q3 2024vs Q3 2023 | $11.8MM$10.1MM |
Real Estate Owned | Q3 2024vs Q3 2023 | $24K$50K |
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.
The rates for some products vary by region. In these cases we have listed the rates for the region closest to the bank's headquarters.
APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
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4.00% | $0 | $20k | Windfall Checking - Qualifying | |
0.15% | $4k | - | Business Checking Account |