Sep, 30, 2025 — CORNING FEDERAL CREDIT UNION is a federal credit union headquartered in CORNING, NY with 21 branch locations and about $2.55 billion in total assets. Opened 90 years ago in 1936, CORNING FEDERAL CREDIT UNION has about 164,782 members and employs 439 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | CORNING FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 1 Credit Union Plz CORNING, NY 14830-2857 |
| Phone: | (607) 962-3144 |
| Fax: | (607) 937-3808 |
| Website: | https://www.corningcu.org |
| Branches: | 21 branch locations |
| Members: | 164,782 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 1644 |
|---|---|
| Membership Type: | Multiple common bond - Primarily other manufacturing |
| Corporate Credit Union: | No |
| Year Opened: | 1936 |
| Last Audited: | Dec 01, 2024 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $2,549,523,080 |
| CEO/Manager: | Gary Grinnell |
| Chairperson: | Kurt R Fischer |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 219,793,313 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 1,031,408,291 |
| Unsecured Loans | 183,831,160 |
| Other Loans | 964,522,687 |
| TOTAL LOANS | 2,185,121,055 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -23,993,165 |
| Land And Building | 33,217,145 |
| Other Fixed Assets | 5,974,872 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 19,034,042 |
| All Other Assets | 37,544 |
| TOTAL ASSETS | 2,549,523,080 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 25,387,288 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 533,731,353 |
| Regular shares | 582,946,085 |
| All Other Shares & Deposits | 1,132,573,680 |
| TOTAL SHARES & DEPOSITS | 2,249,251,118 |
| TOTAL LIABILITIES | 2,274,638,406 |
| Regular Reserve | 0 |
| Other Reserves | -7,136,475 |
| Undivided Earnings | 282,021,149 |
| TOTAL EQUITY | 274,884,674 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 2,549,523,080 |
| INCOME & EXPENSE | |
| Loan Income | 81,854,035 |
| Investment Income | 12,768,614 |
| Other Income | 4,376,228 |
| Total Employee Compensation & Benefits | 32,376,675 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 28,268,512 |
| Non-operating Income & (Expense) | -2,850 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 8,314,883 |
| Cost of Funds | 34,850,395 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 12,788,237 |
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