I B E W Local 56 Federal Credit Union


Popular Accounts at this Credit Union

APYACCOUNT TYPEACCOUNT NAME
0.95%1-year CD12 Month Dividend Paid Monthly Share Certificate
0.10%SavingsInvestment Share Savings Account
1.51%3-year CD36 Month Dividend Paid Monthly Share Certificate

Overview / Commentary
814-455-2270
962 West 20th Street
Erie, PA 16502

I B E W Local 56 Federal Credit Union is headquartered in Erie and is the 253rd largest credit union in the state of Pennsylvania. It is also the 4,244th largest credit union in the nation. It was established in 1961 and as of June of 2018, it had grown to 3 employees and 1,608 members at 1 location. I B E W Local 56 Federal Credit Union has a C+ health rating.

Field of Membership Restrictions

Membership is open to employees of I.B.E.W. Local #56, Advanced Business Systems, Stroehmann Bakery, Birkmire Trucking Co., Advanced Protection Services, Metro Health Center, A-1 Automotive, Furman Enterprises, Inc., AAA West Penn/Erie County, Signal-Tech, West Erie County Democratic Committee members in select counties of Pennsylvania.
See current membership details

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Health
C+
Additional Factors: Institutions with a small asset base, a short operating history, or negative return on assets can represent an instability risk beyond what their financial ratios indicate. I B E W Local 56 Federal Credit Union has a very low asset base.

Health Grade Components

Overall
NCUA #14247
Year Chartered1961
Employees3
Primary Regulator
Profit Margin
Return on Assets - YTD0.09%
Return on Equity - YTD1.27%
Annual Interest Income$117.00K
Assets and Liabilities
AssetsQ2 2018vs Q2 2017$8.7MM$8.4MM
LoansQ2 2018vs Q2 2017$4.0MM$3.9MM
DepositsQ2 2018vs Q2 2017$8.0MM$7.8MM
Equity CapitalQ2 2018vs Q2 2017$632.00K$622.00K
Loan Loss AllowanceQ2 2018vs Q2 2017$12.00K$8.00K
Unbacked Noncurrent LoansQ2 2018vs Q2 2017$54.00K$84.00K
Real Estate OwnedQ2 2018vs Q2 2017$0$0
Rates
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

I B E W Local 56 Federal Credit Union Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.63%*$50k*-IRA Savings Account
OTHER TIERS: 0.62% $25 - $50k
0.63%*$50k*-Coverdell Educational IRA Savings Account
OTHER TIERS: 0.62% $25 - $50k
0.10%--Regular Share Savings Account
0.10%--Vacation Share Savings Account
0.10%--Holiday Share Savings Account
0.10%--Investment Share Savings Account
0.10%--Christmas Club Savings Account

I B E W Local 56 Federal Credit Union Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.02%$25-Share Draft Checking Account

I B E W Local 56 Federal Credit Union CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.51%*$50k*-36 Month Dividend Paid Monthly Share Certificate
OTHER TIERS: 1.00% $1k - $5k | 1.21% $5k - $25k | 1.36% $25k - $50k
1.26%*$50k*-24 Month Dividend Paid Monthly Share Certificate
OTHER TIERS: 0.75% $1k - $5k | 0.95% $5k - $25k | 1.11% $25k - $50k
0.95%*$50k*-12 Month Dividend Paid Monthly Share Certificate
OTHER TIERS: 0.45% $1k - $5k | 0.65% $5k - $25k | 0.80% $25k - $50k
0.60%*$50k*-6 Month Dividend Paid at Maturity Share Certificate
OTHER TIERS: 0.40% $5k - $25k | 0.50% $25k - $50k

I B E W Local 56 Federal Credit Union IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.51%*$50k*-36 Month IRA Certificate
OTHER TIERS: 1.00% $1k - $5k | 1.21% $5k - $25k | 1.36% $25k - $50k
1.26%*$50k*-24 Month IRA Certificate
OTHER TIERS: 0.75% $1k - $5k | 0.95% $5k - $25k | 1.11% $25k - $50k
0.95%*$50k*-12 Month IRA Certificate
OTHER TIERS: 0.45% $1k - $5k | 0.65% $5k - $25k | 0.80% $25k - $50k
0.60%*$50k*-6 Month IRA Certificate
OTHER TIERS: 0.40% $5k - $25k | 0.50% $25k - $50k
Locations


I B E W Local 56 Federal Credit Union Locations
Branch Office962 W 20TH STErie, PA 16502-2401

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