Corning Federal Credit Union

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A short history of Corning FCU

Since its inception in 1936 the Corning Federal Credit Union has been serving its members in the CORNING, New York area with exceptional financial products. You can find their current interest rates on used car loans, new car loans, 1st mortgage loans and interest rates on both fixed and adjustable mortgages here on these pages. Currently led by Gary Grinnell, the Corning FCU has grown its membership to over 103,797 with assets of more than $1,354,268,335. They have a main office and 21 branch offices. Please see the credit unions website or contact them by phone at (607) 962-3144 or email them at none to get exact details . There are many other credit unions in the local area. See them all here. Credit Unions in CORNING, NY.

General Information For Corning FCU was taken from their 6/30/2017 quarterly report, which is the most current available public information.

Charter Number 1644
Address PO BOX 1450 
State New York 
Zip-Code 14830
Phone Number (607) 962-3144
Fax Number () -
Email Address: none
CEO/President Gary Grinnell
Members 103,797 
Full-Time Employees 309 
Part-Time Employees 15 
Number of Branch Offices 21 
Total Assets 1,354,268,335 

Compare Corning Federal Credit Union To Other Local Credit Unions

Credit Union Name
Branch Name
Zip Code
Phone Number
ATM Access
Distance (Miles)
First Heritage CU Addison 11 Steuben St 14801 (607) 359-2275 No 3.64
Servu CU Administration 9823 Science Center Dr 14870 (607) 936-2293 No 5.00
Finger Lakes Health Care CU Schuyler Branch 220 Steuben St 14865 (607) 535-4166 No 10.58
Solutions CU main/only office 907 Broadway St 14904 (607) 734-7144 No 12.09
V.a.c.employees CU VAC Employees Federal CU 2 Wilson Ave 14810 (607) 776-3684 No 19.84

Corning Federal Credit Union Financial Performance Charts

Performance Charts

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Financial Data

Corning Federal Credit Union Lowest Loan Rates With State and USA Rankings

Unsecured Credit Card New Car Loans Used Car Loans 1st Mortgage Loans Other Real Estate
Rate 10.22 3.01 3.61 3.94 3.97
Mean Rate For All USA Based Credit Unions 10.56 3.72 5.00 4.48 4.95
Rank Among All USA Credit Unions 269 147 159 132 97
Rank Among All New York Credit Unions 48 64 50 44 32

Corning Federal Credit Union Highest Deposit Rates With State and USA Rankings

Checking Regular Savings Money Market Certificates of Deposits IRA/KEOGH
Rate 0.70 0.10 0.35 0.84 0.50
Mean Rate For All USA Based Credit Unions 0.19 0.26 0.29 0.73 0.66
Rank Among All USA Credit Unions 52 129 89 200 227
Rank Among All New York Credit Unions 4 34 20 45 58
Corning Federal Credit Union Loans and Leases

Interest Rate Number of Loans Amount
Unsecured Credit Card Loans 10.22024,00534,729,550
All Other Unsecured Loans/Lines of Credit 4.58015,09782,074,342
Short-Term, Small Amount Loans (STS) (Federal CU Only) 0.00000
Non-Federally Guaranteed Student Loans 6.5001,09610,683,213
New Vehicle Loans 3.0103,47866,683,139
Used Vehicle Loans 3.61016,738212,160,961
Total 1st Mortgage Real Estate Loans/Lines of Credit 3.9403,081373,116,579
Total Other Real Estate Loans/Lines of Credit 3.9705,461212,643,999
Leases Receivable 0.00000
Total All Other Loans/Lines of Credit 5.3501,50721,061,812
TOTAL LOANS & LEASES 70,4631,013,153,595

Corning Federal Credit Union Real Estate Loans and Lines of Credit


No. of Loans Outstanding Amt of Loans Outstanding No. of Loans Granted Year- to-Date Amount Granted Year-To-Date
Fixed Rate
    a. > 15 years 66394,919,46115627,736,744
    b. 15 Years or less 1,117114,549,74110614,746,595
    a. > 15 years 235,380,00041,371,000
    b. 15 Years or less 719,717,60462,137,200
Other Fixed Rate 335,362,487172,051,088
Adjustable Rate 1 yr or less 6414,65800
Adjustable Rate > 1 yr 1,168142,772,62815527,407,281


Closed-End Fixed Rate 3,782159,477,25145125,645,250
Closed-End Adjustable Rate 0000
Open-End Adjustable Rate 1,67953,166,7481103,936,005
Open-End Fixed Rate 0000
TOTALS 8,542585,760,5781,005105,031,163


Interest Only & Payment Option 1st Mortgage Loans 375,362,4871,978,088
Interest Only & Payment Option Other RE/LOC Loans 000
    a. Federally Insured Home Equity Conversion Mortgage (HECM) 0000
    b. Proprietary Reverse Mortgage Products 0000

Corning Federal Credit Union Member Offerings
First Time Homebuyer Program Yes
Real Estate Loans Yes
Pay Day Lending No
Share Secured Credit Cards Yes
Overdraft Protection/Courtesy Pay Yes
Overdraft Lines of Credit No
ATM/Debit Card Program Yes
Interest Only and Payment Option 1st Mortgage Loans Yes
Check Cashing Yes
Money Orders Yes
No Surcharge ATMs Yes
Home Banking Via Internet Website Yes