PlainLender

CORNING CREDIT UNION

CORNING, NY

CORNING CREDIT UNION processed 2,692 mortgage applications in 2024 per HMDA data reported to the Consumer Financial Protection Bureau (CFPB), originating 1,853 loans with a 13.8% denial rate. Home Improvement was the primary loan purpose. Based in CORNING, NY. The approval rate of 68.8% reflects originated loans as a share of all applications. Below you will find a breakdown by loan type, loan purpose, denial reasons, and demographic lending patterns as required by the Home Mortgage Disclosure Act.

Portfolio scale. CORNING CREDIT UNION processed 2,692 HMDA-reported mortgage applications in 2024, originating 1,853 loans and denying 371 for a denial rate of 13.8% (applicants themselves withdrew 91 files before a decision). The average loan amount was $136,976 at a 7.017% average note rate, and applicants self-reported an average income of $35,000. The lender reports under LEI 549300WK15ESCDNJ5M35 from CORNING, NY.

Why approval and denial rates diverge. Approval (origination) rate and denial rate do not sum to 100% — HMDA records several outcomes beyond approved-and-funded, including files that were approved but not accepted by the applicant, withdrawn, or closed for incompleteness. CORNING CREDIT UNION's 68.8% origination rate tells you how often an application turned into funded money; the 13.8% denial rate is a separate read on underwriting strictness. The most frequently cited denial reasons in this file were Debt-to-income ratio, Credit history, Collateral, which together explain the majority of rejections. Most activity concentrated in Conventional loans (2,689 applications).

How to read this page. These figures are aggregate HMDA disclosures — they describe this lender's overall 2024 book, not your individual odds. Approval and denial rates are shaped by the applicant mix a lender actually receives: credit profile, loan-to-value, debt-to-income, property type, and geography. A lower denial rate at one lender versus another does not necessarily mean easier underwriting — it often reflects borrower self-selection and loan-product specialization. This page is informational data reporting, not financial, legal, or mortgage advice. Compare multiple lenders, read your Loan Estimate carefully, and consult a licensed mortgage professional before applying. Data reflects 2024 disclosures published by the CFPB in 2025.

2,692
Applications
1,853
Originated
13.8%
Denial Rate
$136,976
Avg Loan Amount
Avg Interest Rate: 7.017% Avg Applicant Income: $35,000

Lending Activity

Type Applications Originated Denied Avg Loan
Conventional 2,689 1,853 369 $136,956
VA 3 0 2 $155,000

Source: CFPB Home Mortgage Disclosure Act (HMDA) loan/application register HMDA 2023 LAR — application-level mortgage data for CORNING CREDIT UNION (LEI: 549300WK15ESCDNJ5M35) · 2023 HMDA reports filed annually; covers applications received during the calendar year. Approval rates exclude withdrawn / incomplete applications. Denial reasons are lender-reported.

Denial Analysis

Debt-to-income ratio
223
Credit history
180
Collateral
50
Other
39
Insufficient cash
16
Employment history
11
Unverifiable information
5
Mortgage insurance denied
3

Loan Purpose Breakdown

Purpose Applications Originated Avg Loan
Home Improvement 859 627 $72,637
Other 799 519 $68,792
Home Purchase 786 539 $270,280
Refinancing 216 154 $146,065
Cash-out Refinancing 32 14 $230,938

Geographic Coverage — Lending by Race

Derived race categories as reported under HMDA. Source: CFPB.

Race Applications Approval Rate Denial Rate
White 2,167 70.4% 13.2%
Black or African American 78 53.9% 33.3%
Asian 54 55.6% 14.8%
Joint 29 65.5% 6.9%
American Indian or Alaska Native 17 58.8% 23.5%
Native Hawaiian or Other Pacific Islander 8 50.0% 25.0%
2 or more minority races 3 33.3% 33.3%

Lending by Ethnicity

Hispanic/Latino is an ethnicity, not a race. Shown separately per U.S. Census Bureau standards.

Ethnicity Applications Approval Rate Denial Rate
Not Hispanic or Latino 2,243 70.4% 13.2%
Hispanic or Latino 72 45.8% 30.6%
Joint 21 71.4% 19.1%

Nearby Lenders in NY

Other HMDA-reporting lenders in NY with similar activity. Compare any two side-by-side.

Citibank, NA

New York, NY

54,575 apps 14,104 originated 8.6% denied

M&T BANK

BUFFALO, NY

36,377 apps 20,743 originated 30.9% denied

Loan Funder LLC

New York, NY

23,955 apps 10,690 originated 11.6% denied

BETHPAGE FEDERAL CREDIT UNION

BETHPAGE, NY

21,186 apps 9,086 originated 44.3% denied

Better Mortgage Corporation

New York, NY

18,219 apps 5,450 originated 11.3% denied
Compare CORNING CREDIT UNION vs Citibank, NA →

Mortgage Lending Guides

Why Mortgages Get Denied
Common denial reasons and how to improve your chances
Comparing Mortgage Lenders
What to look for when choosing a mortgage lender
Getting the Best Mortgage Rate
Strategies for securing the lowest interest rate
Understanding HMDA Data
How to read and interpret mortgage disclosure data
Denial Rates by Demographics
Demographic patterns in mortgage approval and denial

Explore More Data

Bank Financial Data → Credit Union Data → Financial Advisor Lookup → Home Insurance Costs → Property Tax Data → Rent Price Data →

Frequently Asked Questions

How many mortgage applications did CORNING CREDIT UNION process?
CORNING CREDIT UNION processed 2,692 mortgage applications in the 2023 HMDA reporting year. Of these, 1,853 were originated (approved and funded), 91 were withdrawn by the applicant, and 371 were denied.
What is CORNING CREDIT UNION's mortgage approval rate?
CORNING CREDIT UNION has an approval (origination) rate of 68.8%, meaning 68.8% of all applications resulted in a funded mortgage. The denial rate is 13.8%.
What is the average loan amount at CORNING CREDIT UNION?
The average mortgage loan amount at CORNING CREDIT UNION is $136,976. The average interest rate is 7.017%. The average applicant income is $35,000.
What are the most common reasons for mortgage denial at CORNING CREDIT UNION?
The most common reasons for mortgage denial at CORNING CREDIT UNION are: Debt-to-income ratio, Credit history, Collateral. In total, 371 applications were denied out of 2,692 total applications.
What types of mortgage loans does CORNING CREDIT UNION offer?
CORNING CREDIT UNION processes Conventional, VA loans. The most common type is Conventional with 2,689 applications and an average loan amount of $136,956.
What loan purposes does CORNING CREDIT UNION serve?
CORNING CREDIT UNION serves the following loan purposes: Home Improvement (859 applications), Other (799 applications), Home Purchase (786 applications), Refinancing (216 applications), Cash-out Refinancing (32 applications). Home Improvement is the most common purpose.
Where is CORNING CREDIT UNION located?
CORNING CREDIT UNION is headquartered in CORNING, NY. The lender is identified by LEI 549300WK15ESCDNJ5M35 in HMDA data.
How does CORNING CREDIT UNION compare in lending across racial demographics?
CORNING CREDIT UNION reports demographic lending data under HMDA requirements. White applicants have an approval rate of 70.4% and denial rate of 13.2%; Black or African American applicants have an approval rate of 53.9% and denial rate of 33.3%; Asian applicants have an approval rate of 55.6% and denial rate of 14.8%. This data reflects derived race categories as reported by applicants.

Data Sources

Data as of 2024. Source: Consumer Financial Protection Bureau (CFPB), Home Mortgage Disclosure Act (HMDA) 2024 Snapshot.

Data from FFIEC / CFPB HMDA 2024 Snapshot National Loan-Level Dataset. Demographic data reflects derived categories as reported by applicants. Denial rates include all application outcomes. This data is provided for informational purposes only.

Read our methodology — how this data is sourced, computed, and verified.