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



January 2018

Check out our Tax Time Loan and Home Equity Special Rates

Tax Time Loan Special:  Rates as low as 5.99%APR*
Home Equity Loans:  Rates as low as 2.99%APR*
Mini-Mortgage Loans:  Rates as low as 2.49% APR*

*APR = Annual Percentage Rate

Click here for more information.

Finance Your Next Vehicle With Your Credit Union!

New Vehicles: rates as low as 2.10% APR*

Used Vehicles:  rates as low as 2.85% APR*

Click here for vehicle rates.

Watch Out For These Scams

Tax time brings an increase in IRS scams.  Please be aware that the IRS does not call, e-mail, or text anyone to inform them that they owe money.  If you are contacted this way, do not give out any personal or financial information.  Take down any information that you are given and contact the IRS on your own.  If you do owe taxes, the IRS will notify you via the U.S. Postal Service.

Lottery scams have been around for quite some time but people keep falling for them hoping to win money.  Signs of scams include: you are told you won a sweepstakes or drawing that you didn't enter, you're asked to pay upfront taxes or fees, or your're being pressured to act now.

The grandparent scam is still a popular scam. A grandparent receives a phone call from someone claiming to be their granchild and that they have an emergency-legal trouble in a foreign country, a medical emergency, or a lost/stolen wallet-and that grandma or grandpa can help by wiring money to a faraway city.  Don't do it!  Once money is wired, it most likely can't be recovered.  Instead call your relative back at a phone number you already know, ask the caller personal questions known only to your family members, and don't send money right now.

Contribute to an IRA Today

Tax time is the perfect time to open or make a contribution to a Traditional or Roth IRA.  You may be able to contribute up to $5,500 for both the 2017 and 2018 tax years.  Members age 50 and older may be able to contribute an additional $1,000.

Save the Date!

The 57th Annual Meeting, Election of Officers, Dinner and Raffle will be held on Saturday, April 14th at the Polish Falcons Club.  Dinner tickets are $8.50 per person. 

Debit Card Daily Limits

ATM Limit:  $250.00 per day

Purchases/Point of Sale (POS) Limit:  $500.00 per day

If you need to purchse more than $500.00, we can temporarily increase your daily limit in order to accommodate you.  Call the credit union office at 814-455-2270 ahead of time and we will temporarily change your limit accordingly.

Please realize that these limits are necessary to limit fraud and exposure to losses.

Visa Purchase Alerts

We highly recommend that our Debit Cardholders sign up to receive email alerts when they use their Visa Debit Card* for purchases.  These alerts help provide security by allowing members to identify potentially fraudulent activity and they provide a means for members to track spending.

Sign up by logging into:

Follow these steps to enroll:

  • Check eligibility by entering the first nine digits of your debit card.
  • Creat an account.
  • Register your email address.  A verification email with a code will be sent to your email address.  Enter that code to confirm your email address.
  • Choose which of the following three alerts you would like to enroll in:
  1. purchases reaching a certain dollar amount
  2. international purchases
  3. purchases made on the internet

*A qualified transaction is any transaction routed through Visa.

Banking at Your Leisure

Do you want the opportunity to look up account balances and account activity, as well as to do transfers between your Credit Union Accounts at your convenience?  If so, then Home Banking is for you!  Contact the Credit Union office for the required form to sign up for this convenient service.

You can now get your monthly and quarterly statements online.  When you log into your home banking account, click on the "Statements" tab to sign up for E-Statements.

Family Membership

Did you know that your family members and members of your household (persons living under your roof) are eligible to join your Credit Union?  To join, they need a current photo ID (unless they're a child), social security number, a $25 share deposit, and a .25¢ membership fee.

Family Members include your:

Spouse          Children          Stepchildren          Grandchildren

Parents          Stepparents    Grandparents          Brothers & Sisters


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