Erie Federal Credit Union is headquartered in Erie and is the 20th largest credit union in the state of Pennsylvania. It is also the 529th largest credit union in the nation. It was established in 1936 and as of December of 2022, it had grown to 194 employees and 72,326 members at 9 locations. Erie Federal Credit Union has a B+ health rating.
Field of Membership Restrictions
Membership in Erie Federal Credit Union is open to those who live, work, worship, or attend school in Erie or Crawford County, Pennsylvania. Immediate family members of an existing Erie FCU member also qualify.
See current membership details
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7/20/14 - Erie FCU RCA Rate Drop: From (3.30%, $25K) To (3.04%, $25K)
7/2/13 - Erie FCU RCA Drop (3.56%, $25K) To (3.30%APY, $25K)
4/2/13 - Erie Federal Credit Union (EFCU) Experience -- Not Good!
5/3/09 - 4.07% Reward Checking Account at Erie Federal Credit Union in Pennsylvania
6/8/08 - 5.11% Reward Checking Account at a Pennsylvania Credit Union (Erie)
10/14/06 - 7.00% 12-Month CD at a Pennsylvania CU - $2K Max (Erie FCU).
Great Experiences with Local Bank
Erie FCU is a local bank that has a good number of locations throughout Erie county. The offices are conveniently located and have fairly convenient hours. The staff is nice and helpful. Checking accounts are free. They are good about communication. The only thing that bothers me a little is that I have to go to specific ATMs if I don't want to pay a fee and it is not always the most convenient. I had to replace a card and they were timely. I haven't had any issues with compromised accounts. The website seems very secure and enables you to set up alerts if an incorrect password is entered or your account is accessed from a new device. I also like that I can deposit checks through the mobile app. Overall, I am very happy with Erie FCU.
Data as of Q4 2022
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 1476 |
| Year Chartered | 1936 |
| Employees | 194 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.76% |
| Return on Equity - YTD | 13.97% |
| Annual Interest Income | $26.6MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q4 2022vs Q4 2021 | $779.1MM$725.4MM |
| Loans | Q4 2022vs Q4 2021 | $467.0MM$378.4MM |
| Deposits | Q4 2022vs Q4 2021 | $674.3MM$656.2MM |
| Equity Capital | Q4 2022vs Q4 2021 | $41.3MM$68.3MM |
| Loan Loss Allowance | Q4 2022vs Q4 2021 | $4.7MM$4.1MM |
| Unbacked Noncurrent Loans | Q4 2022vs Q4 2021 | $2.6MM$1.6MM |
| Real Estate Owned | Q4 2022vs Q4 2021 | $0$0 |