The club played in the Liga I for 17 seasons, between 1960–1961, 1976–1979 and 1980–1992. Their best finish – 3rd place at the end of the 1981–82 season and ergo qualified for the 1982–83 season of the UEFA Cup. They beat Austrian side Grazer AK in the First Round but in the second round lost to Yugoslavian side FK Sarajevo. Corvinul was regarded as having one of the best football academies of Romania.
In 2005 a new club was founded SC Corvinul 2005 Hunedoara but with no relations with the old club. It had a short life, in 2008 it was dissolved. In the summer of 2009, FC Hunedoara was founded, to keep alive the football passion that exists in Hunedoara.