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

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Youth Savings

You're not too young to open an account at the IBEW Local #56 FCU.  If you are the child, stepchild, or grandchild of a credit union member, you are eligible for membership. A $25 minimum deposit is required to become a credit union member and to earn dividends on your money.  Advantages of opening a youth account include:

  1.  Learning the benefits of saving and obtaining money management skills that will benefit you throughout your life.
  2. Open an account before your first birthday and receive a $5 deposit from the credit union.
  3. Receive a piggy bank or other gift when you open your account.
  4. Participate in our annual "Youth Week Celebration" in August where members up to age 18 can receive a grab bag of fun prizes, guess the number of candies in a jar, and enter one of our 2 raffles.
  5. Get help paying for college with a Smart Option Student Loan from our partnership with Sallie Mae.
  6. Be eligible to apply for the James DeDad Scholarship sponsored by the Erie Chapter of Credit Unions to  help with college expenses.
  7. Be eligible to enter the Youth Ambassador Competition sponsored by the Erie Chapter of Credit Unions.


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