Credit Union Hours
Mon - Thur -- 9:00AM to 5:00PM 
Friday -- 9:00AM to 6:00PM 
Closed Weekends and All Federal Holidays 
Lost or Stolen Debit Card: 
(800)543-5073 
 

Home Equity

Home Equity & Home Improvement

The loan is secured with a 2nd mortgage (short form mortgage).  The trade area for home equity loans includes the following counties of Pennsylvania: Erie, Crawford, Warren, & McKean and the following counties of New York: Chautauqua & Cattaraugus.

The loan application must be accompanied by an appraisal, property search, flood zone search and deed.  The member is responsible for the fees pertaining to the above and for filing fees.  Proof of homeowner's insurance with a maximum $1,000 deducible and loss payable clause to the Credit Union is required.

  • Maximum amount - $5,000 -$65,000 with 20% minimum equity, 25% for rental property.
  • Maximum term - 120 months.
  • Interest Rates:

Term Rate
  60 months 4.00% APR
  90 months 4.50% APR
120 months 5.00% APR

  • APR = Annual Percentage Rate
  • Other rates may apply based on lending criteria
 
 
IBEW Local 56 FCU
962 West 20 Street
Erie, PA 16502
Phone:  (814) 455-2270      FAX:  (814) 455-4307
Toll Free:  (800) 723-7800

email:
Routing Number: 243381065
 
IBEW Local #56 FCU - Once A Member ... Always A Member
Site Designed and Hosted By: Bayfront Web Design | Privacy_Policy | Administration |