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Business Certificates

Woman in her fabric store

Business certificates let your money work for you until you need it. This gives you freedom to spend your valuable time on the other things that help grow your business.


2.00% APY* 20-Month Certificate Special
Low minimum balance of $1,000
Automatic renewal at maturity (will renew to 18-month term)

Offer available for a limited time only.

Give us a call or stop into a branch to take advantage of this special today!


For Businesses That Demand More From Their Money

You set aside money to cover expenses. Why not let that money work for you? Corning Credit Union can help you grow your money steadily and conveniently.

Maximize your dividend potential with business certificates:

Regular Share Certificates:

  • Competitive dividend rates. View Rates »
  • Terms available from 3 to 60 months.
  • Choose to have dividends compound monthly within certificate or automatically transfer monthly to a non-certificate share.
  • Automatic renewal at maturity.
  • Requirements: open an account with a minimum of $1,000.
  • Special Features:
    • The 18 through 60-month certificates give you the option of making additional deposits (minimum of $200) within the first 90 days of the new or renewed term. Total of additional deposits may not exceed the deposit amount made on the first day of the term.

Jumbo Certificates:

  • Earn higher dividend rates. View Rates »
  • Terms available from 3 to 60 months.
  • Choose to have dividends compound monthly within certificate or automatically transfer monthly to a non-certificate share.
  • Automatic renewal at maturity.
  • Requirements: open an account with a minimum of $100,000.
  • Special Features:
    • The 18 through 60-month certificates give you the option of making additional deposits (minimum of $200) within the first 90 days of the new or renewed term. Total of additional deposits may not exceed the deposit amount made on the first day of the term.

Penalties:

Federal regulations require the following penalties be imposed on early withdrawals from certificate accounts.

  • 3-month Transfer Certificates: You must pay a penalty equal to 45 days simple interest on the amount withdrawn.
  • 3-month Compounding Certificates: You must pay a penalty equal to 45 days interest on the amount withdrawn. This penalty also applies to any dividends already credited to the certificate.
  • 6- and 12-month Transfer Certificates: You must pay a penalty equal to 90 days simple interest on the amount withdrawn.
  • 6- and 12-month Compounding Certificates: You must pay a penalty equal to 90 days interest on the amount withdrawn. This penalty also applies to any dividends already credited to the certificate.
  • 18- and 24-month Transfer Certificates: You must pay a penalty equal to 180 days simple interest on the amount withdrawn.
  • 18- and 24-month Compounding Certificates: You must pay a penalty equal to 180 days interest on the amount withdrawn. This penalty also applies to any dividends already credited to the certificate.
  • 36-, 48-, and 60-month Transfer Certificates: You must pay a penalty equal to 360 days simple interest on the amount withdrawn.
  • 36-, 48-, and 60-month Compounding Certificates: You must pay a penalty equal to 360 days interest on the amount withdrawn. This penalty also applies to any dividends already credited to the certificate.


Membership eligibility required. * APY=Annual Percentage Yield. APY is accurate as of 10/25/18, and is subject to change. This Certificate Special has a $1,000 minimum opening deposit and a maximum deposit of 1,000,000 per member account number. A penalty equal to 180 days simple interest may be imposed for early withdrawal and could reduce earnings. At maturity the certificate will automatically renew for a term of 18 months. The renewal APY will be the APY offered by Corning Credit Union on the maturity date. Offer for a limited time only.