I B E W Local 56 Federal Credit Union

Popular Accounts at this Credit Union

APY	ACCOUNT TYPE	HOW THEY COMPARE
0.95%	1-year CD	2.75% - Barclays 12 Month Online CD
0.11%	Savings	0.26% - National Average
1.51%	3-year CD	2.85% - Barclays 36 Month Online CD

View all I B E W Local 56 Federal Credit Union rates »

Overview / Commentary

ibew56fcu.org

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 249^th largest credit union in the state of Pennsylvania. It is also the 4,168^th largest credit union in the nation. It was established in 1961 and as of December of 2018, it had grown to 3 employees and 1,606 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+

Data as of Q4 2018

Learn why bank health matters

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 Chartered	1961
Employees	3
Primary Regulator

Profit Margin
Return on Assets - YTD	0.37%
Return on Equity - YTD	4.85%
Annual Interest Income	$246.00K

Assets and Liabilities
Assets	Q4 2018vs Q4 2017	$8.8MM$8.3MM
Loans	Q4 2018vs Q4 2017	$4.1MM$4.2MM
Deposits	Q4 2018vs Q4 2017	$8.1MM$7.6MM
Equity Capital	Q4 2018vs Q4 2017	$660.00K$627.00K
Loan Loss Allowance	Q4 2018vs Q4 2017	$15.00K$8.00K
Unbacked Noncurrent Loans	Q4 2018vs Q4 2017	$56.00K$95.00K
Real Estate Owned	Q4 2018vs Q4 2017	$0$0

Rates

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Savings
Checking
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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

APY	MIN	MAX	ACCOUNT NAME
0.64%^*	$50k^*	-	IRA Savings Account
OTHER TIERS: 0.62% → $25 - $10k \| 0.63% → $10k - $50k
0.64%^*	$50k^*	-	Coverdell Educational IRA Savings Account
OTHER TIERS: 0.62% → $25 - $10k \| 0.63% → $10k - $50k
0.11%	-	-	Regular Share Savings Account
0.11%	-	-	Vacation Share Savings Account
0.11%	-	-	Holiday Share Savings Account
0.11%	-	-	Investment Share Savings Account
0.11%	-	-	Christmas Club Savings Account

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

APY	MIN	MAX	ACCOUNT NAME	VIEW DETAILS
0.02%	$25	-	Share Draft Checking Account

I B E W Local 56 Federal Credit Union CD Rates

APY	MIN	MAX	ACCOUNT NAME
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

APY	MIN	MAX	ACCOUNT NAME
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 Office	962 W 20TH ST	Erie, PA 16502-2401

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