We exist solely to serve our members. We are committed to helping our members prosper by being a trusted resource and advisor for financial services. Our vision is simple: to provide better service to our members than they receive anywhere else in the world.
We are people helping people. We are dedicated to delivering quality, convenient, and knowledgeable service to each of our members, in every instance. CCU also strives to make a positive, lasting difference in the lives of our friends, neighbors, and in our communities. We understand the needs and challenges of the people we serve, and that has helped us strengthen our ties to the community through corporate sponsorship for not-for-profits, free financial seminars, employee volunteer efforts, and our many financial literacy education efforts.
CCU was founded in 1936 with the goal of helping Corning Glass Works employees with their financial needs. We started with 42 members and $420 in assets. Over the years, we've opened offices in North Carolina, Pennsylvania, and South Carolina, in addition to the 10 offices in the Corning/Elmira, New York area. We now serve over 150,000 members all over the world, with assets of $2.3 billion. Our field of membership now includes more than 1,700 employer groups, associations, and businesses.
For over a quarter of a century, CCU has experienced strong, safe, and continued growth through a total commitment to serving our members. The integrity of our time-tested, conservative business practices has led us to our current position of strength and will continue to provide a foundation for future growth. Our success is also assured by the continued support of our loyal members and by our employees, who genuinely care about our members’ well-being.
Our Safety and Soundness
CCU has been recognized as one of the strongest financial institutions in the country. We continue to receive top ratings from independent financial rating companies and our independent auditing firm for financial strength, safety, soundness, liquidity, and overall management.
Corning Credit Union is a member-owned, not-for-profit, independent financial organization. We put people first. Each member has equal ownership and one vote, regardless of his or her account balance. We do not issue stock and we have no stockholders. Instead, our earnings are returned to our members in the form of lower loan rates, higher interest rates on deposits, and lower fees than what is generally available from for-profit financial institutions. We also deliver a wide array of products, services, and 24/7 account access options similar to those offered by for-profit financial services companies.