Corning Credit Union Announces 2016 Results
February 06, 2017
Corning Credit Union reported continued growth through the fourth quarter of 2016, with increases in loans, deposits, and net worth.
Total loans reached $942.9 million by the end of the year, representing a 12.3% increase since December 2015. Total deposits grew by 9.4%, ending the quarter at $1.15 billion. In addition, the Credit Union added $8 million in earnings in 2016, bringing total net worth to $116.1 million.
"We are very pleased with the significant growth and positive financial results we achieved in 2016," said Gary Grinnell, President and CEO. "We are deeply grateful for the support of our 100,000 plus members."