Corning Credit Union Announces 2018 Results
February 01, 2019
Corning Credit Union reported continued growth through the fourth quarter of 2018, with increases in loans, deposits, and net worth.
Total loans reached $1.14 billion, representing a 4.9% increase since December 2017. Total deposits grew by 4.6%, ending the quarter at $1.24 billion. In addition, the Credit Union added $15.2 million in earnings in 2018, bringing total net worth to $142.8 million.
"We are deeply grateful for the trust and support of our members that led to another successful year in 2018," said Gary Grinnell, President and CEO.