1st Ed Credit Union is headquartered in Chambersburg and is the 60th largest credit union in the state of Pennsylvania. It is also the 1,499th largest credit union in the nation. It was established in 1938 and as of June of 2019, it had grown to 27 employees and 6,919 members at 2 locations. 1st Ed Credit Union's CD rates are 29% higher than the national average, and it has an A health rating.
Field of Membership Restrictions
Membership is open to employees and students of Shalom Christian Academy, Wilson College, the Pennsylvania School Districts in Adams, Cumberland, Franklin, Fulton, and York Counties; employees of Adams County Head Start School, Corpus Christi School, Cumberland Valley Christian School, Franklin County Head Start, Fulton County Community Christian School, Growing Tree Day Care, Lincoln Intermediate Unit #12, Mercersburg Academy, St. Andrew Catholic School, Boyer & Ritter, Central Baptist Chapel, Fitzgerald Motors, Chambersburg Area Council for the Arts, Global Data Consultants, Greater Chambersburg Chamber of Commerce, Kmart Chambersburg RSC #8781, Leadership Franklin County, Manito, Rotz & Stonesifer, The Butcher Shoppe, The Shook Home
See current membership details
Data as of Q2 2019
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 65412 |
| Year Chartered | 1938 |
| Employees | 27 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.61% |
| Return on Equity - YTD | 3.8% |
| Annual Interest Income | $1.7MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2019vs Q2 2018 | $117.3MM$119.7MM |
| Loans | Q2 2019vs Q2 2018 | $56.7MM$50.4MM |
| Deposits | Q2 2019vs Q2 2018 | $97.9MM$102.1MM |
| Equity Capital | Q2 2019vs Q2 2018 | $18.8MM$17.1MM |
| Loan Loss Allowance | Q2 2019vs Q2 2018 | $539.00K$504.00K |
| Unbacked Noncurrent Loans | Q2 2019vs Q2 2018 | $333.00K$283.00K |
| Real Estate Owned | Q2 2019vs Q2 2018 | $0$0 |
Always verify rates and promotions with the bank or credit union. We are not 1st Ed Credit Union; we are a rate comparison website and cannot provide official rates or promotions.
1st Ed Credit Union Savings Account Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 0.45% | - | - | Holiday Club | |
| 0.45% | - | - | Vacation Club | |
| 0.25% | - | - | IRA Accumulation Account | |
| 0.15% | $5 | - | Regular Share | |
| 0.15% | $5 | - | Special Share |
1st Ed Credit Union Money Market Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 0.20% | $500 | - | Money Market Account |
1st Ed Credit Union Checking Account Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 0.05% | $100 | - | Checking |
1st Ed Credit Union CD Rates
1st Ed Credit Union IRA Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 2.27% | $500 | - | 5 Year IRA Certificate | |
| 1.97% | $500 | - | 3 Year IRA Certificate | |
| 1.41% | $500 | - | 2 Year IRA Certificate | |
| 1.16% | $500 | - | 1 Year IRA Certificate |
| 1st Ed Credit Union Locations | ||
|---|---|---|
| Branch Office | 1156 Kennebec Dr | Chambersburg, PA 17201 |
| Branch Office | 526 N Antrim Way | Greencastle, PA 17225 |