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I B E W Local 56 Federal Credit Union

Popular Accounts at this Credit Union

APYACCOUNT TYPEACCOUNT NAME
0.80%1-year CD12 Month Dividend Paid Monthly Share Certificate
0.09%SavingsInvestment Share Savings Account
1.36%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 258th largest credit union in the state of Pennsylvania. It is also the 4,319th largest credit union in the nation. It was established in 1961 and as of December of 2017, it had grown to 3 employees and 1,617 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 - YTD0.1%
Return on Equity - YTD1.28%
Annual Interest Income$219.00K
Assets and Liabilities
AssetsQ4 2017vs Q4 2016$8.3MM$8.5MM
LoansQ4 2017vs Q4 2016$4.2MM$3.7MM
DepositsQ4 2017vs Q4 2016$7.6MM$7.9MM
Equity CapitalQ4 2017vs Q4 2016$627.00K$617.00K
Loan Loss AllowanceQ4 2017vs Q4 2016$8.00K$7.00K
Unbacked Noncurrent LoansQ4 2017vs Q4 2016$95.00K$98.00K
Real Estate OwnedQ4 2017vs Q4 2016$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
0.62%$25-Regular IRA Account
0.62%$25-Roth IRA Account
0.62%$25-Educational IRA Account
0.09%--Regular Share Savings Account
0.09%--Vacation Share Savings Account
0.09%--Holiday Share Savings Account
0.09%--Investment Share Savings Account
0.09%--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
1.36%*$50k*-36 Month Dividend Paid Monthly Share Certificate
OTHER TIERS: 0.90% $1k - $5k | 1.11% $5k - $25k | 1.26% $25k - $50k
1.11%*$50k*-24 Month Dividend Paid Monthly Share Certificate
OTHER TIERS: 0.65% $1k - $5k | 0.85% $5k - $25k | 1.00% $25k - $50k
0.80%*$50k*-12 Month Dividend Paid Monthly Share Certificate
OTHER TIERS: 0.35% $1k - $5k | 0.55% $5k - $25k | 0.70% $25k - $50k
0.45%*$50k*-6 Month Dividend Paid at Maturity Share Certificate
OTHER TIERS: 0.30% $5k - $25k | 0.35% $25k - $50k

I B E W Local 56 Federal Credit Union IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.36%*$50k*-36 Month IRA Certificate
OTHER TIERS: 0.90% $1k - $5k | 1.11% $5k - $25k | 1.26% $25k - $50k
1.11%*$50k*-24 Month IRA Certificate
OTHER TIERS: 0.65% $1k - $5k | 0.85% $5k - $25k | 1.00% $25k - $50k
0.80%*$50k*-12 Month IRA Certificate
OTHER TIERS: 0.35% $1k - $5k | 0.55% $5k - $25k | 0.70% $25k - $50k
0.45%*$50k*-6 Month IRA Certificate
OTHER TIERS: 0.30% $5k - $25k | 0.35% $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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