CORNING CABLE SYSTEMS CREDIT UNION
Corning Cable Systems Credit Union is a federally insured, member-owned cooperative chartered in 1962, serving employees, retirees, contractors, and families affiliated with Corning Cable Systems, Corning Corporation, and US Conec with deposits, consumer loans, Visa cards, insurance, and online banking.
- Company typePrivate
- Founded1962
- HeadquartersHickory, United States
- Headcount1–10
- GTM typeB2C
- OfferingServices
What CORNING CABLE SYSTEMS CREDIT UNION does
Corning Cable Systems Credit Union is a federally insured, state-chartered member-owned cooperative financial institution headquartered in Hickory, North Carolina (with a secondary location at 1164 23rd Street SE), operating under NCUA Charter Number 65508 since its founding in 1962. The credit union serves a defined field of membership comprising current and former employees, retirees, and contractors of Corning Cable Systems, Corning Corporation, and US Conec, together with their immediate family members, who join by opening a Regular Savings account with a $25 minimum deposit. Membership is lifelong and transferable across generations, supported by direct payroll-deduction relationships with Corning Cable Systems and direct deposit options for all members.
The institution delivers a full-service retail banking product suite organized around deposit accounts (free checking, Regular Savings, Savings Plus, Share Certificates of 90-day to 36-month terms, Traditional/Roth/Education IRAs, Christmas Club, Youth Savings), consumer loan products (auto loans with online pre-approval, vehicle refinance, personal loans up to $10,000, home equity lines and mortgages, and recreational vehicle financing), and Visa-branded credit and debit cards with a rewards program redeemed via uChooserewards. The technology backbone consists of the proprietary e-Teller online banking platform offering 24/7 account access and free bill pay, an SSL/VeriSign-secured third-party online loan application portal (webadmin.cavionplus.com), and Visa network rails; member-facing resources also include discounted North Carolina attraction tickets, a Helping Hands financial-hardship assistance program, and identity-theft support.
Economically, the credit union operates as a non-profit cooperative, generating revenue primarily through interest income on its loan portfolio (auto, personal, home equity, RV, credit-card balances) and ancillary transaction fees — incoming domestic wires $5, outgoing domestic wires $20, teller checks $2, check orders starting at $19 — while returning earnings to members as dividends on share accounts. Distribution is anchored by two Hickory, NC branches, phone banking (local and toll-free), the e-Teller digital channel, and embedded payroll deduction; home loans, however, are restricted to North Carolina even though other services are available to members nationwide. The credit union is staffed by approximately six employees led by President Marc Jacobson.
CORNING CABLE SYSTEMS CREDIT UNION firmographics
Firmographics- Name
- CORNING CABLE SYSTEMS CREDIT UNION
- Legal name
- Corning Cable Systems Credit Union
- Website
- https://ccscu.org
- Company type
- Private
- Founded year
- 1962
- Operating status
- Operating
- Headcount range
- 1–10 employees
- Short description
- Corning Cable Systems Credit Union is a federally insured, member-owned cooperative chartered in 1962, serving employees, retirees, contractors, and families affiliated with Corning Cable Systems, Corning Corporation, and US Conec with deposits, consumer loans, Visa cards, insurance, and online banking.
- Ownership category
- akta.pro rank
CORNING CABLE SYSTEMS CREDIT UNION industry classification
Industry- Product category
- Retail Banking / Credit Union Services
- NAICS
- Credit Unions (52213)
- SIC
- Savings Institution, Federally Chartered (6035)
- akta.pro primary industry
- Employer/Occupational Credit Unions (FSABAEAB)
Keywords
Where CORNING CABLE SYSTEMS CREDIT UNION is headquartered
LocationHeadquarters
- HQ city
- Hickory
- HQ country
- United States
- HQ region
- North America
Offices2 records
Markets served
CORNING CABLE SYSTEMS CREDIT UNION business model
Business model- GTM type
- B2C
- Offering type
- Services
- Cost components
- Personnel, Operations, Technology or R&D, Infrastructure, Others
Revenue model
- Interest Income on Loans: Primary revenue source from interest charged on various loan products including auto loans, personal loans, home loans, recreational vehicles, and credit cards. Credit unions operate as non-profit cooperatives returning earnings to members through dividends.
- Fee Income: Various fees including wire transfer fees (incoming domestic $5, outgoing domestic $20, incoming international $10, outgoing international $50), teller check fees ($2 for non-qualifying checks), and check order fees (as low as $19).
- Dividend/Pass-through Earnings: As a non-profit cooperative, earnings on member savings (share accounts) are returned as dividends. Members earn interest on savings products including regular savings, CDs, IRAs, and other savings accounts.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Other | Monthly | Checking Account - No monthly fee |
| Subscription | Monthly | Regular Savings - $25 minimum opening |
| Subscription | Monthly | Savings Plus - $1,500 minimum balance |
| One time/ perpetual license | Monthly | Share Certificates (CDs) - $1,000-$2,500 minimum |
| Subscription | Monthly | IRA Accounts - Various types |
| Transaction based/ take rate | Pay-as-you-go | Wire Transfers - Fee-based |
| Unit Pricing | Monthly | Disability Insurance - Per $100 of monthly loan balance |
| Subscription | Monthly | Visa Credit Card - Revolving credit up to $10,000 |
Go-to-market motion1 record
Distribution channels4 records
Marketing channels1 record
CORNING CABLE SYSTEMS CREDIT UNION product offering
Product offeringCore offering
Corning Cable Systems Credit Union is a federally insured, state-chartered cooperative credit union that provides consumer banking products and services—including checking, savings, certificates of deposit, IRAs, consumer loans (auto, personal, home equity, recreational vehicle), credit cards, and insurance—to employees, retirees, contractors, and family members of Corning Cable Systems, Corning Corporation, and US Conec. Members join by opening a share savings account with a $25 minimum deposit and gain access to products, online banking (e-Teller), payroll deduction, and direct deposit services.
Product overview
Corning Cable Systems Credit Union is a federally chartered credit union established in 1962 offering a comprehensive suite of financial products and services to employees, retirees, and contractors of Corning Cable Systems and Corning Corporation. The core product portfolio centers on checking and savings accounts, including Regular Savings, Youth Savings, Savings Plus (high-yield option), Christmas Club, and IRA accounts (Traditional, Roth, and Education). The credit union provides various loan products including Auto Loans, Vehicle Refinance, Personal Loans, Home Loans (Home Equity Line of Credit and Mortgages), and Recreational Vehicle loans. Credit card offerings include Visa Check Card (debit) and Visa Credit Card with rewards programs. Insurance products available through CUNA Mutual Group partnership include Life Insurance (Term, Whole, Accidental Death and Dismemberment), Disability Insurance, and Car Warranty protection. Additional services include online banking via e-Teller platform with free bill pay and eStatements, payroll deduction, wire transfers, notary services, and discount tickets to area attractions. The credit union is federally insured up to $250,000 by the NCUA.
Differentiator
Problem solved
Functional benefit
Products and services
- Checking Account Free checking account with no monthly service fee, no balance requirement, unlimited checks, free online banking, free online bill pay, and free debit card; check orders available starting at $19.00. Available to credit union members.
- Regular Savings Primary savings account requiring a $25 minimum opening deposit to establish and maintain credit union membership; earns monthly dividends with a $100 minimum average daily balance requirement and up to 3 free withdrawals per month.
- Youth Savings Savings account designed for children and grandchildren of members to help develop financial literacy and independence from an early age.
- CDs (Share Certificates of Deposit) Share Certificates of Deposit with terms ranging from 90 days to 36 months; minimum deposits from $1,000–$2,500 depending on term length; fixed interest rates with monthly interest payments.
- IRAs (Individual Retirement Accounts) Retirement savings accounts including Traditional IRA (tax-deductible contributions, tax-deferred growth), Roth IRA (tax-free withdrawals), and Education IRA (up to $2,000/year for education expenses).
- Christmas Club Seasonal savings account that accumulates funds through payroll deposits throughout the year, with automatic transfer to the primary savings account on October 1st for holiday shopping.
- Savings Plus High-yield savings account with a $1,500 minimum balance; offers competitive rates with easy access via online banking, up to 6 withdrawals per month, no time commitment, and full insurance up to $250,000.
- Visa Check Card (Debit) Debit card linked to checking account for purchases at Visa-accepting merchants; first 4 ATM withdrawals per month free, no charge for purchases; includes rewards points program.
- Visa Credit Card Revolving credit card with limits up to $10,000, no annual fee, fixed rate; earns rewards points redeemable for millions of items online through the Visa Platinum program; includes a grace period for purchases and cash advances.
- Auto Loans Vehicle financing for new and used cars with online application, pre-approval, vehicle value lookup, and payment calculation; members can apply immediately upon joining.
- Vehicle Refinance Loan refinancing service allowing members to potentially lower payments or obtain better interest rates on existing vehicle loans by having the credit union pay off the current lender.
- Personal Loans Unsecured personal loans up to $10,000 with no collateral required after six months of membership; options include using car title as collateral for lower rates; most applications receive a response within 24 hours.
- Home Loans Real estate loan options including Home Equity Line of Credit (flexible credit with potential tax benefits) and Mortgage Loans (available for online application); services only available in North Carolina.
- Recreational Vehicle Loans Financing options for motorhomes, boats, motorcycles, and other recreational vehicles with pre-approval and refinancing options available immediately upon joining.
- Life Insurance Life insurance products through CUNA Mutual Group partnership including Term Life (specific time period), Whole Life (entire life with cash value), and Accidental Death and Dismemberment (up to $250,000 coverage for ages 18–69).
- Disability Insurance Credit Disability and Life Insurance protecting loan payments in case of illness or injury; benefits begin after 30 days disability, up to $600/month; maximum coverage $30,000 disability and $15,000 life; cost is $0.17 per $100 of monthly loan balance.
- Car Warranty Auto protection plan covering parts and labor for covered repairs at any licensed repair facility in the US and Canada; options include $0 or $50 deductible, rental reimbursement up to $25/day for 5 days, and towing up to $50 per occurrence; transferable and cancelable.
- Online Banking (e-Teller) 24/7 online account access platform allowing members to check balances, transfer funds, view statements, and manage accounts; free service for all members.
- Direct Deposit Electronic deposit service allowing payroll, Social Security, or retirement funds to be automatically deposited into member accounts on payday; available for Savings, Checking, IRA, and loan payments.
Companies that use CORNING CABLE SYSTEMS CREDIT UNION
Customer profileSegments4 records
Ideal customer profiles3 records
CORNING CABLE SYSTEMS CREDIT UNION technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration4 records
Feature3 records
CORNING CABLE SYSTEMS CREDIT UNION partnerships and signals
Strategic signalPartnerships
One partnership is on record.
- CUNA Mutual GroupminorPartnership with CUNA Mutual Group to provide life insurance products to members including Term Life Insurance, Whole Life Insurance, and Accidental Death and Dismemberment Insurance up to $250,000 coverage.
Scale indicators2 records
Recent moves6 records
Expansion highlights3 records
CORNING CABLE SYSTEMS CREDIT UNION competitors and assessment
Company assessmentBroad incumbents
- Connexus Credit Union: Multi-sponsor credit union with nationwide membership and a strong digital platform; comparable core product suite with a much larger scale, illustrating the digital-investment gap.
- Truliant Federal Credit Union: Large North Carolina-headquartered credit union with broad community membership; overlaps directly in geography and product mix, competing for the same Hickory-area residents.
- Coastal Federal Credit Union: North Carolina-based community-chartered credit union with full deposit, lending, and card offerings; competes for the same North Carolina consumer base as Corning Cable Systems Credit Union.
Direct peers
- SchoolsFirst Federal Credit Union: Occupational credit union serving school employees and their families; closely analogous employer-segment membership model with lifetime eligibility and similar deposit/loan/card product suite.
- First Tech Federal Credit Union: Large employer-affiliated (sponsor-based) credit union serving employees of major tech companies; directly comparable single/sponsor-based employer membership model with similar deposit, loan, and card product mix.
- Baxter Credit Union (BCU): Manufacturer-employer-affiliated credit union originally serving Baxter International employees; comparable occupational/sponsor-based model with similar core deposit and consumer lending focus.
Others
- State Employees' Credit Union (SECU): North Carolina's largest credit union with statewide branch network and broad membership eligibility; a dominant regional incumbent whose product and deposit-pricing decisions directly affect competitive dynamics for small NC credit unions.
- CUNA Mutual Group: Insurance and fintech provider to the credit union industry; already a partner of Corning Cable Systems Credit Union for life insurance products, representing an ecosystem enabler rather than a competitor.
Emerging players
- Alliant Credit Union: Digital-first credit union open to a broad membership base with competitive high-yield savings; represents the digital challenger model against which legacy employer credit unions compete for younger members.
Regional players
- Self-Help Federal Credit Union: North Carolina-headquartered community-development credit union serving low- and moderate-income members; overlaps geographically and in mission-oriented lending within the Hickory/NC market.
Market position
Strengths4 records
Weaknesses5 records
Competitive moat4 records
Key risks6 records
Key highlights6 records
Customer concentration
CORNING CABLE SYSTEMS CREDIT UNION social profiles
Digital presenceCORNING CABLE SYSTEMS CREDIT UNION compliance and trust
Trust signalCompliance2 records
CORNING CABLE SYSTEMS CREDIT UNION financial estimates
Financial estimateRevenue estimate
Valuation estimate
CORNING CABLE SYSTEMS CREDIT UNION leadership team
Management profileNumber of profiles
Profiles7 records
CORNING CABLE SYSTEMS CREDIT UNION funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
CORNING CABLE SYSTEMS CREDIT UNION M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about CORNING CABLE SYSTEMS CREDIT UNION
What does CORNING CABLE SYSTEMS CREDIT UNION do?
Corning Cable Systems Credit Union is a federally insured, state-chartered cooperative credit union that provides consumer banking products and services—including checking, savings, certificates of deposit, IRAs, consumer loans (auto, personal, home equity, recreational vehicle), credit cards, and insurance—to employees, retirees, contractors, and family members of Corning Cable Systems, Corning Corporation, and US Conec. Members join by opening a share savings account with a $25 minimum deposit and gain access to products, online banking (e-Teller), payroll deduction, and direct deposit services.
Is CORNING CABLE SYSTEMS CREDIT UNION a public or private company?
CORNING CABLE SYSTEMS CREDIT UNION is a private company. It is classified as nonprofit foundation owned and is currently operating.
When was CORNING CABLE SYSTEMS CREDIT UNION founded?
CORNING CABLE SYSTEMS CREDIT UNION was founded in 1962. It employs 1 to 10 people.
Where is CORNING CABLE SYSTEMS CREDIT UNION based?
CORNING CABLE SYSTEMS CREDIT UNION is headquartered in Hickory, United States, in the North America region.
How does CORNING CABLE SYSTEMS CREDIT UNION make money?
Three revenue lines are on record. Interest Income on Loans are the primary driver. The others are fee Income and dividend/Pass-through Earnings.
Who are CORNING CABLE SYSTEMS CREDIT UNION's main competitors?
Broad incumbents on record are Connexus Credit Union, Truliant Federal Credit Union and Coastal Federal Credit Union. Direct peers are SchoolsFirst Federal Credit Union, First Tech Federal Credit Union and Baxter Credit Union (BCU). Others are State Employees' Credit Union (SECU) and CUNA Mutual Group. Alliant Credit Union is listed as an emerging player. Self-Help Federal Credit Union is listed as a regional player.
Does CORNING CABLE SYSTEMS CREDIT UNION have an API?
No public API is recorded for CORNING CABLE SYSTEMS CREDIT UNION.
What industry is CORNING CABLE SYSTEMS CREDIT UNION in?
CORNING CABLE SYSTEMS CREDIT UNION's product category is Retail Banking / Credit Union Services. Its primary akta.pro industry code is FSABAEAB, Employer/Occupational Credit Unions. Its NAICS code is 52213 and its SIC code is 6035.