IBEW Local 56 Federal Credit Union was chartered in 1961 - Once A Member ... Always A Member

Loan Specials:

SchoolLoan Special

Available until September 30th

Borrow $500-$2,500 at a rate as low as 4.99%APR*

Delay the first payment up to 50 days

Up to 12 Months to Repay

Same day loan approval for qualifying applicants

*APR=Annual Percentage Rate. Other rates or limits may apply depending on loan criteria. Loan must be backed by a 10% share pledge. Borrower must be a credit union member for 3 months. Subject to normal lending criteria: credit worthiness, lack of delinquency, ability to repay, & Credit Commitee or Loan Officer approval. Only one "special" loan per account.

 

250thLoan Discount!

In honor of our nation's 250th birthday, we're offering a 0.250%APR* discount on vehicle loans for the purchse of model year 2020 and newer vehicles until Labor Day 2026!

*APR=Annual Percentage Rate. Discount available for new money loans only. Discount not available on Credit Union loan refinances or for the purchase of motorcycles and recreational vehicles. Subject to normal lending criteria: credit worthiness, lack of delinquency, ability to repay, and Credit Committee or Loan Officer approval. Loan must be disbursed on/or before September 4, 2026.

 

*Home Equity Loan Rates*

Home Equity Mini-Mortgage
  • Borrow $5,000 - $65,000
  • Minimum $5,000 newly borrowed money
  • Appraisal required 
  • Fixed Rates as Low as:
    • 60 Months: 5.25% APR* 
    • 90 Months: 5.50% APR*
    • 120 Months: 5.75% APR*
  • Borrow $2,000 - $15,000
  • May refinance existing
  • Mini-Mortgage with 50% new money
  • Fixed Rates as Low as:
    • 36 Months:  4.90% APR*
    • 60 Months:  5.25% APR*

*APR = Annual Percentage Rate.  A minimum of 20% equity in the property is required, 25% for rental property.  Rental property:  Add .75%APR.  Borrower is responsible for appraisal, search & filing fees.  Proof of Homeowner's Fire, Theft & Comprehensive Insurance with the Credit Union listed as "Loss Payee" is required.  Loan approval subject to all normal credit qualifications.  Loan interest may be tax-deductible.  No required share pledge.  Other rates may apply based on lending criteria.  Rates subject to change without notice.

 

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