Corning Federal Credit Union

Headquarters

Po Box 1450
Corning, NY 14830
See all branch locations →

Notable Rates APY Vs.Others
Savings 1.00% 5.55% →
1-Year CD 4.40% 5.41% →
2-Year CD 4.70% 5.00% →
5-Year CD 3.20% 4.55% →
30-Year Mortgage N.A. 4.91% →
15-Year Mortgage N.A. 4.39% →
HELOC N.A. 0.99% →

2024 Overview

General Credit Union Information

Corning is an NCUA insured institution located in Corning, NY. It was founded in 1936 and has approximately $2350.75 millions in assets.

Who can join?

There are four ways to qualify:

Through a family member.

Through your employer.

Through an association.

Through your community: Anyone who lives, works, worships, or attends school in one of the following communities:

Chemung County Area, NY
City of Wilmington, NC
Brunswick County Area, NC
Franklin County Area, PA
Mon Valley Community, PA
Waynesboro, PA

NCUA Insured Yes / Federally Chartered
Charter Number # # 1644
Date Established 1936
Assets $2,350.75 million
Loans $2,091.47 million
Deposits $1,994.67 million
Capital $251.61 million
 

Field of Membership Restrictions

Membership in Corning Credit Union is open to the following: (1) those who live, work, attend school or worship in Chemung County in New York, Franklin County in Pennsylvania, Brunswick County in North Carolina or within the city of Wilmington, North Carolina; (2) employees or members of Ithaca College, Port City Enterprises, and over 200 Select Employer Groups.

Deposit Rates - April 18, 2024

Your Current Location: Virginia, VA 20146

Savings and Money Market Rates (Share Account Rates) APY MIN MAX
SAV
0.50% $0 $2,499 Learn More
SAV
0.60% $2,500 $9,999 Learn More
SAV
0.75% $10,000 $24,999 Learn More
Share
1.00% $25,000 - Learn More
Money Market
1.20% $2,500 $24,999 Learn More
Money Market
1.45% $25,000 $99,999 Learn More
Money Market
1.70% $100,000 $249,999 Learn More
Money Market
2.00% $250,000 $499,999 Learn More
Money Market
2.30% $500,000 - Learn More
CD Rates (Share Certificate Rates) APY MIN MAX
11 Month Special
5.00% $2,500 - Learn More
11 Month Jumbo Special
5.20% $100,000 - Learn More
6 Mo CD
3.00% $1,000 - Learn More
6 Mo CD
3.20% $100,000 - Learn More
12 Mo CD
4.20% $1,000 - Learn More
12 Mo CD
4.40% $100,000 - Learn More
18 Mo CD
3.80% $1,000 - Learn More
18 Mo CD
4.00% $100,000 - Learn More
24 Mo CD
4.50% $1,000 - Learn More
24 Mo CD
4.70% $100,000 - Learn More
36 Mo CD
3.55% $1,000 - Learn More
36 Mo CD
3.75% $100,000 - Learn More
48 Mo CD
3.00% $1,000 - Learn More
48 Mo CD
3.20% $100,000 - Learn More
60 Mo CD
3.00% $1,000 - Learn More
60 Mo CD
3.20% $100,000 - Learn More

Loan Rates - April 18, 2024

Your Current Location: Virginia, VA 20146

There are currently no loan rates available for Corning

Please contact the bank for questions about their loan products. In the meantime you may wish to consider these offerings:



Featured - Virginia 30 Year Fixed Mortgage Rates 2024

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
PenFed Credit Union
NMLS ID: 401822
6.806% 6.625% 0.88 $6,000 $2,049 Learn More
Rocket Mortgage
NMLS ID: 3030
7.451% 7.375% 0.75 $2,400 $2,211 Learn More
Veterans United Home Loans
NMLS ID: 1907
Learn More
FHAloans.com
NMLS ID: Not a Lender
Learn More

Featured - Virginia Home Equity Line Of Credit Rates 2024

Lender APR (%)? Monthly Payment? Learn More
Third Federal Savings and Loan
Third Federal Savings and Loan
See Table
7.490 %
$0 Learn More
More Info

Note to Corning
To upload and update your bank's rates please register. It is free to register and add rates.

Branches

Below are Corning branches and locations in your neighborhood. Input a different zip code to find branches and locations for any neighborhood in the United States.

Your Location:
Ashburn,Virginia


Corning Locations



Climate Policy and Initiatives

CORNING is encouraged to provide us with this information. When we receive this information from the credit union, we will provide it here.


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Financial Details

Corning Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Corning. The data is provided by the NCUA. All credit unions on BestCashCow, except those specified as not NCUA-insured in the overview section above, are NCUA-insured. Depositors should be careful to remain within NCUA insurance limits.

Texas Ratio
Corning U.S. Average
6.35% 6.97

The Texas Ratio compares the amount of loans at risk and assets repossessed with the amount a credit union has on hand to cover any losses. The closer the Texas Ratio is to 1-to-1 or 100%, the less capital and reserves a credit union has to absorb its loan losses.

As of December 31, 2023, Corning had $17,574,428 in non-current loans and $23,030 in owned assets. To cover these potential losses it had $251,606,550 in net worth and $25,508,660 in loans loss reserves. That gives it a Texas Ratio of 6.35%.

Net Worth
Corning U.S. Average
10.7% 13.62%

Corning FCU has a net worth of 10.7% versus the BestCashCow average of 13.62. Net worth measures how much total assets exceed total liabilities. The higher the net worth number the more secure a credit union is considered.



Customer Reviews for Corning

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