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



March 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:

Spring Loan Discount of 0.25%APR* on All New Signature, Vehicle, Home Equity, and Mini-Mortgage Loans issued During the Month of April 2020.

Tax Time Loan Special:  Borrow $500 - $2,500 at a rate 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*

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

59th Annual Meeting, Election of Officers, Dinner & Raffle

This event has been postponed.  We have tentatively re-scheduled for Sunday, May 31st at 5:00PM at the Polish Falcons Club.  We will notify our members via newsletter and our website when the new date is confirmed.

Scholarship Opportinity

The Erie Chapter of Credit Unions is pleased to announce the 2020 James J. DeDad Scholarships.  The scholarships are available to Credit Union members between the ages of 17 and 24 who are, or will be enrolled as full-time undergraduate students in 2020.  Applicants are required to complete and write a 500-word essay on:  "As a young adult, what do you feel are the necessary steps to take to ensure a secure financial future?

The following scholarships will be awarded:

  • 1st Place:   $2,500
  • 2nd Place:  $2,000
  • 3rd Place:   $1,500
  • 4th Place:   $1,000
  • 5th Place:     $500

Please contact the Credit Union office and we will e-mail or mail an application to you.

Applications and essays are due at the Credit Union office no later than June 5th.

Privacy Notice

Federal law requires us to tell you how we collect, share, and protect your personal information.  Our privacy policy has not changed and you may review our policy and practices with respect to your personal information under the "Quick Links" section on the home page of our website.   We will mail you a copy upon request if you call us at: 814-455-2270 or 800-723-7800.

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, transfer funds between your Credit Union Accounts, and look up copies of paid checks 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 receive 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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