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1959 E 36th St
Erie, PA 16510

Erie Federal Credit Union is headquartered in Erie and is the 20th largest credit union in the state of Pennsylvania. It is also the 557th largest credit union in the nation. It was established in 1936 and as of March of 2014, it had grown to 117 employees and 48,099 members. Erie Federal Credit Union's money market rates are 23% higher than the national average, and it has a A health rating.

Field of Membership Restrictions

Eligible members are those who live, work, worship or attend school in Erie or Crawford County, PA. Business accounts and other legal entities that are located in Erie and Crawford County are also eligible for membership. - See Details

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Reviews (2)

Erie Federal Credit Union (EFCU) Experience -- Not Good!

Got bored over weekend, thus applied online for the (3.56%, $25K) Dividend+Plus account from EFCU.

(1) ID questions were ancient and impossible to recall/answer (e.g., car loan payment monthly amount in 1990, phone number in 1981). 

(2) Customer service called back Monday, claiming I also had the wrong drivers' license number (not true).  Demanded me to apply in branch.

(3) Needs a letter from the church to prove I "continually" worship there in their locality (kills the deal right there:D).

(4) Found out Monday it was a hard pull on my credit file once I applied (what a waste of my time and FICO hit!!).

So do not waste your time applying their RCA; you have been warned:-) 

ERIE Federal Credit Union

The worst Credit Union I have ever dealt with. Especally J from the loan department. Unprofessional, rude, with lots of attitude. Did not want to help or answer any questions. I have been with different credit unions for several years now, and this one is the worst!!  


Data for Q1 2014

Institution Health


Texas Ratio


The Texas Ratio is an indicator of how much capital a bank has available compared to the total value of loans considered at risk. As of March 31, 2014 Erie Federal Credit Union had $1.49 million in non-current loans and owned real-estate with $38.16 million in equity and loan loss allowances on hand to cover it. This gives Erie Federal Credit Union a Texas Ratio of 3.91% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend


The Texas Ratio for Erie Federal Credit Union experienced no significant changes from 2.73% as of March 31, 2013 to 3.91% as of March 31, 2014, resulting in a negative change of 43.58%. This indicates that the balance sheet and financial strength for Erie Federal Credit Union has had no significant changes in recent periods.

Deposit Growth


In the past year, Erie Federal Credit Union has increased its total deposits by $18.67 million, resulting in 5.53% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth Erie Federal Credit Union has shown is excellent.



Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. Erie Federal Credit Union has $394.3 million in assets with $38.16 million in equity, resulting in a capitalization level of 9.68%, which is above average.

Institution Statistics

NCUA #1476
Year Chartered1936
Primary Regulator
Assets and Liabilities
Assets$394.30 million
Loans$161.97 million
Deposits$356.46 million
Equity Capital$37.05 million
Loan Loss Allowance$1.11 million
Unbacked Noncurrent Loans$1.49 million
Real Estate Owned$0
Historic Data - March 2013
Assets$380.52 million
Equity Capital$41.82 million
Loan Loss Allowance$859,000
Unbacked Noncurrent Loans$1.49 million
Real Estate Owned$0
Profit Margin - Quarterly
Return on Assets-3.3%
Return on Equity-35.12%
Interest Income$3.40 million

Always verify rates and promotions with the bank or credit union. We are not Erie Federal Credit Union, we are a rate comparison website and can not provide official rates or promotions.

Erie Federal Credit Union Savings Account Rates

0.54%$100k-IRA Share Tiered Rate
0.54%$100k-Roth IRA Share Tiered Rate
0.54%$100k-Coverdell IRA Share Tiered Rate
0.31%--Special Share Club
0.31%--Business Special Share Club
0.30%$4k-Regular Share
0.30%$4k-Business Regular Share
0.12%--Holiday Share Club
0.12%--EZ Saver Share

Erie Federal Credit Union Money Market Rates

0.54%$100k-Money Market Share
0.54%$100k-Business Money Market Share

Erie Federal Credit Union Checking Account Rates

3.04%$500$25kDividend +Plus Checking - Qualifying
0.55%$100k-Business Checking
0.12%--Premium Checking
0.10%$500$25kDividend +Plus Checking - Non Qualifying

Erie Federal Credit Union CD Rates

1.61%$1k-60 Month Term Share Certificate
1.61%$1k-Business 60 Month Term Share Certificate
1.46%$1k-59 Month Term Share Step-Up Certificate
1.46%$1k-Business 59 Month Term Share Step-Up Certificate
1.26%$1k-48 Month Term Share Certificate
1.26%$1k-Business 48 Month Term Share Certificate
1.06%$1k-36 Month Term Share Certificate
1.06%$1k-Business 36 Month Term Share Certificate
0.80%$1k-33 Month Term Share Certificate
0.80%$1k-Business 33 Month Term Share Certificate
0.75%$1k-30 Month Term Share Certificate
0.75%$1k-Business 30 Month Term Share Certificate
0.65%$1k-24 Month Term Share Certificate
0.65%$1k-Business 24 Month Term Share Certificate
0.55%$1k-18 Month Term Share Certificate
0.55%$1k-Business 18 Month Term Share Certificate
0.45%$1k-12 Month Term Share Certificate
0.45%$1k-Business 12 Month Term Share Certificate
0.30%$1k-6 Month Term Share Certificate
0.30%$1k-Business 6 Month Term Share Certificate

Erie Federal Credit Union IRA Rates

1.61%$1k-60 Month IRA Share Certificate
1.61%$500-60 Month Coverdell IRA Share Certificate
1.46%$1k-59 Month IRA Step Up Share Certificate
1.46%$5k-59 Month Coverdell IRA Step-Up Share Certificate
1.26%$1k-48 Month IRA Share Certificate
1.26%$500-48 Month Coverdell IRA Share Certificate
1.06%$1k-36 Month IRA Share Certificate
1.06%$500-36 Month Coverdell IRA Share Certificate
0.80%$1k-33 Month IRA Share Certificate
0.80%$500-33 Month Coverdell IRA Share Certificate
0.75%$1k-30 Month IRA Share Certificate
0.75%$500-30 Month Coverdell IRA Share Certificate
0.65%$1k-24 Month IRA Share Certificate
0.65%$500-24 Month Coverdell IRA Share Certificate
0.55%$1k-18 Month IRA Share Certificate
0.55%$500-18 Month Coverdell IRA Share Certificate
0.45%$1k-12 Month IRA Share Certificate
0.45%$500-12 Month Coverdell IRA Share Certificate
0.30%$1k-6 Month IRA Share Certificate
0.30%$500-6 Month Coverdell IRA Share Certificate

Erie Federal Credit Union Locations
Branch Office1900 Keystone DrErie, PA 16509
Branch Office1220 W 32nd StErie, PA 16508
Branch Office1005 Greengarden RdErie, PA 16501
Branch Office518 State StErie, PA 16501
Branch Office5500 Zuck RdErie, PA 16506
Branch Office2436 Buffalo RdErie, PA 16510
Branch Office1109 E 38th StErie, PA 16504
Branch Office1959 E 36th StErie, PA 16510