What are the current interest rates at Corning Federal Credit Union?

Current rates for Corning Federal Credit Union include: Savings: 0.70%, MMA: 3.30%

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Corning Federal Credit Union

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Corning Federal Credit Union Rates & Review August 2026

Q: Is a member application needed to join Corning Federal Credit Union?

Yes, to access services at Corning Federal Credit Union, a member application is required. As a credit union, membership is based on specific eligibility criteria such as where you live, work, or your organizational affiliations.

Q: Are credit management and repair services offered?

While formal credit repair services are not currently listed, Corning Federal Credit Union provides members with tools to manage their accounts and build a solid financial history.

Content reviewed by

Brian McKay

| Editorial Disclosure | ✓Fact Checked | Rates Last Updated and Verified: August 28, 2026

Corning Federal Credit Union's savings rates are at 0.70%. Corning Federal Credit Union's money market rates are at 3.30%. Corning Federal Credit Union's Personal Loan Rates are at 8.74%. MonitorBankRates evaluates the financial stability of Corning Federal Credit Union with a 5.0 Star Rating, an A+ Overall Health Grade, and a Texas Ratio of 3.45%. Rates last updated and verified on 08/28/2026.

Corning Federal Credit Union money market rates, and other rates, are continually updated to reflect market conditions. We recommend checking back frequently to get the best money market rates and other rates available. Have you opened an account or have any experiences at Corning Federal Credit Union? Share your experience about Corning Federal Credit Union by leaving a review below, or read customer reviews before you decide to use Corning Federal Credit Union.

Overall Health & Safety Grade

A+

Exceptional Health Score: 98/100

MonitorBankRates Rating

5.0

Exceptional Out of 5.0 Stars

Texas Ratio

3.45%

Excellent Lower than avg

Corning Federal Credit Union
Corning Credit Union

1 Credit Union Plz
Corning, NY 14830 2857

https://www.corningcu.org

Corning Federal Credit Union Savings Rates

Product	Rate	APY	View More
Savings Account	-	0.70%
Min Deposit $5 Details No monthly fees, a complimentary $5 opening deposit, and convenient ATM access to help you manage your money on your own terms. Savings APY effective as of January 16, 2025. A $5.00 minimum is required to maintain an open Savings Account. Upon opening the account, Corning Credit Union will cover the initial $5.00 deposit amount for new members. Account access available through CCU ATMs. Last Updated 08/28/2026 Institution Ratings 5.0 Star Rating A+ Health Grade ◈ Texas Ratio: 3.45%

Corning Federal Credit Union Money Market Rates

Product	Rate	APY	View More
Money Market Account	-	3.30%
Min Balance $500,000 Details Enjoy unlimited withdrawals with no penalties, no minimum balance requirements, and competitive tiered rates that reward higher balances. Money Market Account APY effective as of December 19, 2025. Minimum balance of $500,000 needed to receive 3.30% APY. Last Updated 08/28/2026 Institution Ratings 5.0 Star Rating A+ Health Grade ◈ Texas Ratio: 3.45%

Corning Federal Credit Union Checking Rates

Product	Rate	APY	View More
High-Yield Checking	-	3.50%
Details Qualifications Required: Members must meet different requirements or tier qualifications depending on the applicable checking product.; Dividends paid on balances up to $20,000. APY is effective as of February 20, 2025, and is subject to change. Last Updated 08/28/2026 Institution Ratings 5.0 Star Rating A+ Health Grade ◈ Texas Ratio: 3.45%

Corning Federal Credit Union Personal Loan Rates

Product	Rate	APR
Fixed-Rate Personal Loan	-	8.74%
Details As low as; Approval for financing subject to lending guidelines and credit qualifications. The rate and term you receive is based on your credit history and location. Restrictions apply. Ask for details. Last Updated 08/28/2026 Institution Ratings 5.0 Star Rating A+ Health Grade ◈ Texas Ratio: 3.45%
Personal Line of Credit	-	12.24%
Details As low as; Approval for financing subject to lending guidelines and credit qualifications. The rate and term you receive is based on your credit history and location. Restrictions apply. Ask for details. Last Updated 08/28/2026 Institution Ratings 5.0 Star Rating A+ Health Grade ◈ Texas Ratio: 3.45%

Important: Rates, terms, and conditions are subject to change without notice. The rates displayed are for information purposes only. Please confirm all rates and terms directly with the financial institution. We strive to keep this information accurate but cannot guarantee it.
Banks and Credit Unions: If you identify an incorrect rate or wish to request the removal of your institution's data from MonitorBankRates.com, please contact us here.

Methodology & Data Sources

MonitorBankRates Star Rating

Our rating for Corning Federal Credit Union is derived from comprehensive financial data published quarterly by the NCUA. Our proprietary rating system evaluates financial stability (including the Texas Ratio and capitalization) and combines it with member feedback (user reviews) to help you make informed banking decisions.

Texas Ratio

We calculate the Texas Ratio using standard industry methodology. This ratio compares the credit union's non-performing assets to its tangible common equity and loan loss reserves to assess financial health.

Rate Data Aggregation

We gather Corning Federal Credit Union rates using proprietary online rate aggregation technology. Our systems scan constantly to provide the most recent rates available to our visitors.

Disclaimer: Interest rates are variable and subject to change without notice. While we strive for accuracy, rates can change rapidly based on market conditions. It is always advisable to check with Corning Federal Credit Union's official website for the most current offers and terms.

Credit Union Profile & Overview

Credit Union Name Corning Federal Credit Union

Website https://www.corningcu.org

Address 1 Credit Union Plz, Corning, NY 14830 2857

Phone 607-962-3144

Fax 607-937-3808

President Kurt Fischer

CEO Gary Grinnell

Full-Time Employees 419

Part-Time Employees 20

Branch Locations 21

ATM Locations 21

NCUA Insured ✓ Yes — Up to $250,000 per depositor

Financials

MonitorBankRates Star Rating

5.0 / 5.0 ★

Overall Health & Safety Grade

A+ (98/100)

Texas Ratio

3.45%

Return on Assets (ROA)

0.5016%

Return on Equity (ROE)

4.5345%

Non-Performing Loans Ratio (NPL)

0.48%

Total Assets

2,549,523,080

Total Amount of Shares and Deposits

2,249,251,118

Total Shares and Deposits < 1 Year

2,210,009,822

Total Shares and Deposits 1 3 Years

26,587,594

Total Shares and Deposits > 3 Years

12,653,702

Total Uninsured Member Shares and Deposits > $250K (A+A1+B+C+D+E)

260,275,205

Total Uninsured Shares and Deposits > $250K (F+J)

260,275,205

Total Insured Shares and Deposits > $250K (item 17 less item K)

1,988,975,913

Total Interest Expense (Sum of items 6 8)

34,850,395

Share Certificates

13,577

Number of Accounts for Share Drafts

92,316

IRA KEOGH Accounts

3,989

Number of Accounts for Regular Shares

185,650

All other shares

2,005

Money Market Shares

8,021

Net Worth Classification if credit union is not new (Based upon Call Report data only See instructions)

Well Capitalized

Net Worth Classification if credit union is a new credit union

Well Capitalized

Total Cash on Deposit (Amounts Deposited in Financial Institutions)

193,857,108

Total Liabilities

2,274,638,406

Source: NCUA — Last Updated 09/30/2025

Customer Reviews

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Frequently Asked Questions About Corning Federal Credit Union

How many branches does Corning Federal Credit Union operate?

Corning Federal Credit Union currently maintains approximately multiple branch location(s). Physical branches allow members to access in-person services such as notary consultations and safe deposit boxes.

Is a member application needed to join Corning Federal Credit Union?

Yes, to access services at Corning Federal Credit Union, a member application is required. As a credit union, membership is based on specific eligibility criteria such as where you live, work, or your organizational affiliations.

Is there a first-time homebuyer program?

Currently, Corning Federal Credit Union does not list a specific first-time homebuyer program, but they provide a range of mortgage and home equity products to assist members with property financing.

Are credit management and repair services offered?

While formal credit repair services are not currently listed, Corning Federal Credit Union provides members with tools to manage their accounts and build a solid financial history.

Does Corning Federal Credit Union offer online and mobile banking?

Most modern institutions like Corning Federal Credit Union provide digital access. This includes the ability to check balances, transfer funds, deposit checks via mobile app, and view statements online. You can usually find these services at their official website: https://www.corningcu.org.