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



August 2020

For information on the Credit Union's response to COVID-19, please see the "Latest News" section on the homepage of our website.

Loan Specials:

Sizzling Loan Discount of 0.30%APR* on All New Signature, Vehicle, Home Equity, and Mini-Mortgage Loans Until September 3oth!  

Back To School Loan Special:  Borrow $500-$2,500 at rates as low as 5.49%APR*

Click here for more information on our loan specials.

If you're in the market for a new or used vehicle, get a pre-approval from the credit union first.  Then shop with the security of knowing how much of a vehicle you can afford and eliminate the hassle and uncertainty of dealer financing.

New Vehicles: rates as low as 2.15% APR*

Used Vehicles:  rates as low as 3.15% APR*

Click here for vehicle rates.

*APR = Annual Percentage Rate

We're Hiring

We are looking for a well organized friendly person able to perform the following duties: teller, member service, loan processing, accounts payable, and general office duties.

We prefer someone with cash handling, customer service, and/or office experience, as well as, having good communication, math, and computer skills.

Send resume' to:  This email address is being protected from spambots. You need JavaScript enabled to view it..

Tips To Protect Seniors From Financial Abuse

While elder financial abuse can happen at any time, perpetrators often strike during times in a senior's life when they may be more vulnerable, such as during a health crisis or after the death of a loved one.  Scammers often gather personal details from obituaries and social media posts and use this information to target their victims.  Some even will exploit trust within seniors' social and support groups to become more involved in their lives.

Common signs of senior financial exploitation include:

  • A new and overly protective friend or caregiver or a surrendering control of finances to a new friend or partner.
  • Fear or sudden change in feelings about somebody.
  • A lack of knowledge about financial status or reluctance to discuss financial matters.
  • Sudden or unexplained changes in spending habits, a will, trust, or beneficiary designations.
  • Unexplained checks made out to cash, unexplained loans, or unexplained disappearance of assets (cash, valuables, securities, etc.).  Also, watch for suspicious signatures on the senior's checks or other documents.  

How you can help:

  • Contact older family members, friends, and neighbors to let them know you are thinking of them.  Call, send a note, text, email or video chat if they have the technology.
  • Inform older family members to know that fraudsters and scammers have found ways to exploit the pandemic.  Make them aware of the red flags of fraud, which remain consistent regardless of the fraud or scam.
  • Report any suspicions of possible senior financial exploitation to the 24-hour statewide abuse hotline 1-800-490-8505.  If you believe you have fallen victim to a scam, contact local law enforcement.

Home Banking & Bill Pay

During this time of social distancing, we encourage our members to sign up for Home Banking (click the box on our home page).  It's an easy way to keep an eye on direct deposits and automatic payments, to transfer funds from one sub-account to another, to look up copies of paid checks, and to transfer credit union loan payments.  Sign up for E-Statements and view your statement online the beginning of the month or quarter.

If you have a share draft (checking) account, you can sign up for our Bill Pay service.  Schedule your payments from the credit union's website and eliminate the need for checks, stamps, and trips to the post office.  We have two Bill Pay options to choose from to fit your needs.  Click here to see the options.

Contact the credit union office at 814-455-2270 if you have questions regarding these or any other services.



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