# CORNING
Corning, NY · NCUA charter 1644 · asset band $1-10B · latest filing 2026-03 · live
Share link (named URL with a preview card): https://getbookiq.com/cu/corning-1644

Who the members are: federal charter, multiple common bond, organized 1936. 167,018 members of 1,691,217 potential (9.9% of the field); checking penetration 56% (share draft accounts per 100 members); loans per 100 members 58.

**Verdict on the desk:** this could be *indirect buyer*. Composite score 2 of 18 (one point per flag across 17 flags, capital below 7% counted twice).

## What the filing shows

| Measure | Value |
|---|---|
| Total assets | $2.73B |
| Members | 167,018 (2.9% YoY) |
| Full-time staff | 424 |
| Net worth | $295.2M |
| Net worth ratio | 10.8% (p54 of band) |
| ROA (annualized) | 0.83% (p61 of band) |
| Total delinquency | 0.42% (p30 of band) |
| Net charge-offs (annualized) | 0.51% (p51 of band) |
| Loans / shares | 94% (p75 of band) |
| Cash / assets | 11.8% |
| Borrowings / assets | 0.00% |
| Net interest margin | 3.26% (p47 of band) |
| Operating expense / assets | 3.03% (p39 of band) |
| Vehicles % of loans | 17% (p26 of band) |
| Indirect vehicle % of vehicle (all-channel basis before 2022) | 67% |
| Third-party paper % of net worth | 286% (p82 of band) |
| Vehicle delinquency | 0.42% (p30 of band) |
| Vehicle NCO | 0.36% (p11 of band) |
| Repossessed % of vehicle book | 0.00% (p11 of band) |
| Real estate % of loans | 42% |
| Credit cards % of loans | 2% |
| Unsecured % of loans | 9% |
| Commercial % of net worth | 67% |
| Core shares % of member funds | 48% |
| Certificates % of member funds | 27% |
| Average share balance | $7,747 |
| Participations bought / yr | $0 |
| Participations sold / yr | $0 |
| Participations outstanding | $76.4M |
| Loans outstanding per 100 members | 58% |
| Loans granted per 100 members, annualized | 71% |
| Average loan balance | $23,364 |
| Loans granted, annualized | $1.12B |

## Participation posture (from the same filings)

Bought $0 and sold $0 in the latest annualized quarter; $76.4M outstanding purchased (25.9% of net worth), $197.7M sold and retained. Sold in 0 and bought in 4 of the last 8 quarters. Shares 7.4% year over year.

## Flags firing in the latest filing

- **net worth falling** (`cap_falling`)
- **3rd-party paper>100% NW** (`str_thirdparty`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2016-03 | 2 | thin capital, 3rd-party paper>100% NW |  |
| 2016-06 | 2 |  |  |
| 2016-09 | 2 |  |  |
| 2016-12 | 2 |  |  |
| 2017-03 | 2 |  |  |
| 2017-06 | 2 |  |  |
| 2017-09 | 1 |  | thin capital |
| 2017-12 | 1 |  |  |
| 2018-03 | 1 |  |  |
| 2018-06 | 1 |  |  |
| 2018-09 | 1 |  |  |
| 2018-12 | 1 |  |  |
| 2019-03 | 1 |  |  |
| 2019-06 | 1 |  |  |
| 2019-09 | 1 |  |  |
| 2019-12 | 1 |  |  |
| 2020-03 | 1 |  |  |
| 2020-06 | 2 | net worth falling |  |
| 2020-09 | 3 | margin squeeze |  |
| 2020-12 | 1 |  | net worth falling, margin squeeze |
| 2021-03 | 2 | thin capital |  |
| 2021-06 | 1 |  | thin capital |
| 2021-09 | 1 |  |  |
| 2021-12 | 1 |  |  |
| 2022-03 | 2 | delinquency rising |  |
| 2022-06 | 1 |  | delinquency rising |
| 2022-09 | 3 | delinquency rising, loans>95% of shares |  |
| 2022-12 | 3 |  |  |
| 2023-03 | 2 |  | delinquency rising |
| 2023-06 | 3 | delinquency rising |  |
| 2023-09 | 3 |  |  |
| 2023-12 | 2 |  | delinquency rising |
| 2024-03 | 2 |  |  |
| 2024-06 | 2 |  |  |
| 2024-09 | 2 |  |  |
| 2024-12 | 3 | net worth falling |  |
| 2025-03 | 2 |  | loans>95% of shares |
| 2025-06 | 1 |  | net worth falling |
| 2025-09 | 2 | loans>95% of shares |  |
| 2025-12 | 2 |  |  |
| 2026-03 | 2 | net worth falling | loans>95% of shares |

## In the news (Google News, unfiltered, newest first; check the city)

- 2026-05-20 [Six Charged In $1.3-Million Fraud Scheme Targeting Banks, Credit Unions With Stolen Tax Refund Checks - cutoday.info](https://news.google.com/rss/articles/CBMi0gFBVV95cUxONlFVdmtoV2RvM3lHNG9MaHlDRUVqYzZRVlNtUFJrYnNlNHlENXkwQlk5RWVIRV82cGVkRGEzUUJQbnFiRXljc0wzMU1MdVlUOHoyaHNmaVhmcGFjM2QzVERvRHRhR2JwdE1aNDJKSTRCSFFVZEhmc1VaZ0tBQnZ5ZTVESzVwcWRyZ0l0SlRtb0dJVG95dU9jc0lOZGFZX0NrcjBWcnRHUlUyN3RJMEhNazRLYjcyeGFNOG5oOGZidXY3R1BYN09aVUJFUVdPWjcyMmc?oc=5) · cutoday.info
- 2025-10-23 [Corning Credit Union opens Shallotte branch - Goldsboro News-Argus](https://news.google.com/rss/articles/CBMi2AFBVV95cUxPMjZfNHJ2ZEU1ZFg0eXNndXZtUXBhaUMxNS1GNzlDN0psNUM3QWJTb3dKVWVIWEtnTXh3QkZZV2k2djVBaTMwMk1mbDJJSTRBTkxzLUVBZVJBVVFneFVVdjBPeFRORThlR1JDbXBfNHZzXzlXaWZjb2VnLVowdVZ2aDlfbHR6b1BCNmVObGpCbGpfNWhCZEM3TGx5MXRjMGlQRDVYd3h3UkR3Uy1QTXc2VHFXWVhueWZFMnlaYlVnNkppeTFHckNjdXJ0VHpISEdYcU96LWhwY04?oc=5) · Goldsboro News-Argus
- 2022-01-26 [Corning Credit Union Selects Upstart for Personal Lending - Upstart](https://news.google.com/rss/articles/CBMisgFBVV95cUxQclV2U1otb21fWUZiSUNCVExScnNCQ2NnZTdIRjBRSTc2S1dFTGFGR0dpOHhqcW9OQTFtTEZaZzVQVTNfNTBkMTRlS3k5eXNkOWMxMTdMWTRETm1qQi1fSkNhOFRpRU5wVEZaQWkzNlJfNXFTaDFKdlZPXzRwX29MSDk3QTBRX2VZeFJsWFlmSTZkRDhvSU5aVXp1MDA1NlpoUnZFSzFWZTczakk0Q3EwaU93?oc=5) · Upstart
- 2022-08-31 [Corning Credit Union Expands Into South Carolina - wilmingtonbiz.com](https://news.google.com/rss/articles/CBMitgFBVV95cUxOVmpfWHZZdTM1TjYyMkVZRUtiQm16a3p3clRCQXRSRlVLMmdENTdEbzBTZnM0X095c1ZxZFhia2tFNXBMdjQ5UnJjX0J5MDA1bG4yLWdZX2RJYXlrWGplMFVYWkgxVXhEMkJVNTJ5RlpGR0tVWnZ3VXlJdUtzUWtocWRWeHhRWldkQ0FQU1lFa2d2akpvek5fUWx3WEIxeFhvOFp1U19BWUE3M0Z2a0lqbjg1cWJFQQ?oc=5) · wilmingtonbiz.com
- 2026-05-03 [6 Upstate NY residents accused of orchestrating $1.3 million tax refund fraud scheme - Syracuse.com](https://news.google.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?oc=5) · Syracuse.com
- 2021-10-01 [Wilmington's 40 Under 40 Class of 2021: Andrea Troccia - Wilmington Star-News](https://news.google.com/rss/articles/CBMi4AFBVV95cUxPVEdwY2x1UWxPbWJQX0J3a211aGQ1Y0s1TFlHaGNGWDFsa3JtRm5zbjlCeFZ2MHY2dTdRNGt6bXRVNTZYRVRfYkpkdkZCTHg2UlFHRkxPSWJScGt4akdiMHRMaTVjTkN1d1ZpNXNZMzNuU0hJUTNaU01BdVN2WXdyYng5bjB4X0ppdnRHcHVWNFczT0Y5elNTRThBa2tmZGE0N3RCc0JrMEstLTlSYlFGY21nYTV0N2pfeGN2V2FwZmF1c2g2ZGtKc1FEYUwxQktFTDh5M2Q1WW9hSUczVkRXMw?oc=5) · Wilmington Star-News
- 2018-04-25 [Corning Credit Union Plans Headquarters Here - wilmingtonbiz.com](https://news.google.com/rss/articles/CBMi0gFBVV95cUxObGdSeWFkZkk3YkFfSlF2NnpLSkw4d0V2aHFlVGs2QnBSaXBsUDZRUHJPbjZ3SFd1Y25BZlBxRV9fNF9KVG5nR2pUVWliR1VCRFhiNXRrWVdpNmFPS1BEbllpVk1pTlF1VmtLQXlRNXExbTlwenM0bGJ0VUU4YkIyVU85Nl84QnVqbmtDTWpYXzB4c0YxRW5DdFp5dlBQall6ZFpiazZYQW1WWGxyTUlNQ29mOEN2Q1YxNGRVUzNCQUVGdXh4RVlSaW5qSGZoNUF4X0E?oc=5) · wilmingtonbiz.com
- 2024-11-22 [DiNapoli: City of Corning's Economic Development and Smart Growth Initiatives Build on Stable Fiscal Picture - Office of the New York State Comptroller (.gov)](https://news.google.com/rss/articles/CBMi3wFBVV95cUxQWDdDUVpHRzAtZE45b1JyWGhyUXlRSVVxSkRiQkR4LVZMM1ozRVJvamdtTWdEaWpYRkUzd1plV2JNU1M1ZU8xeW1RZk9kWm1iNkdEZDZsbTJpY05qaTRyWUpNOVdoWXRWTGVQeDRkdDhKSTRPQjh4dktvTU5JSTc4Mm9xZ0FfVnk5aFBqLUIwX2pSRXUtNVVJTU1BZ2ZjQXVkREkzUEowVWoyUzhzeVlxUDQyUUloVDFLTmJrX0tJOVJDemJaY25PWjFNQ0JZVHM2dGdGa05mNXRpNUcwR0Jz?oc=5) · Office of the New York State Comptroller (.gov)

## How to verify

- Page: https://getbookiq.com/cu-intel/#cu=1644 (every cell opens its formula and NCUA account codes; the News tab is the same search)
- Latest row, JSON: https://getbookiq.com/cu-intel/data/summary.json · history: https://getbookiq.com/cu-intel/data/h/44.json (key "1644", columns cycle, assets, loans, shares, networth, nwr, roa, total_dq_pct, total_nco_pct, vehicle, veh_pct_loans, indirect, ind_pct_veh, ind_veh, ind_re, ind_comm, ind_other, ind_pct_loans, loans_n, granted_n_ytd, granted_ann, loan_pen, granted_pen, avg_loan_bal, loans_per_fte, veh_part, tp_pct_nw, veh_dq_pct, veh_nco_pct, repo_pct_veh, members_yoy, ltos, cash_pct, borrow_pct, nim_pct, opex_pct, risk_score, members, fte, cash_total, invest_sec, allowance_eff, int_income_ytd, int_exp_ytd, provision_eff_ytd, nonint_income_ytd, nonint_exp_ytd, net_income_ytd, n_flags, re_pct_loans, cc_pct_loans, comm_pct_loans, cert_pct_shares, core_pct_shares, part_buy_ann, part_sell_ann, pot_members, sh_draft_n, chk_pen, fom_pen, flags)
- Participation history: https://getbookiq.com/participation-desk/#cu=1644
- Field definitions: https://getbookiq.com/dictionary/#cu-ltos and the rest of the credit union dictionary
- Source: NCUA 5300 call report bulk files. Income fields are annualized by cycle month (Mar x4, Jun x2, Sep x4/3, Dec x1). Percentiles are within the asset band in the same quarter.

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Rendered 2026-09-10 from the desks' own data files. Full guide: https://getbookiq.com/guide