|
The Credit Union is Member
Owned, and has been in the business of serving it's members and families
since 1961. The Credit Union Family Tree is currently serving
members of I.B.E.W. Local #56,
 Stroehmann Bakery, Advanced Business
Systems, Birkmire Trucking Co., Metro Health Center, Advanced Protection
Services,A-1 Automotive,
AAA West Penn/Erie County, Furman Enterprises, Inc., Signal-Tech, West Erie County Democratic Committe
their employees and members of their families in three
counties of Pennsylvania and wherever they may relocate. We encourage
family membership. Family shall mean spouse, children, parent,
grandparent, grandchildren, sister, brother, and their spouses.
There is a .25¢ membership fee. A
$25.00 minimum balance is required within 6 months in order to maintain
membership and to participate in all of the Credit Union privileges.
All deposits are insured against loss up to $100,000 by the National
Credit Union Administration, a U.S. Government agency.
Dividends are paid quarterly (Jan. 1, Apr.
1, July 1, Oct. 1) on all share accounts with a $25.00 minimum
balance. Dividend rates for all shares accounts are determined at
the end of each
 quarter depending on the net income of the Credit
Union. Federal law prevents us from guaranteeing a rate for a
specific period of time until we provide for reserves for that
period. This legal requirement helps to ensure the financial strength
of your Credit Union.
Life Savings Insurance, with a maximum of
$4000, is provided at no direct cost to the member in an amount equal to
100% of their Regular Share Account balance at the time of death,
provided the funds were deposited prior to their 55th birthday.
Funds deposited after the 55th birthday and prior to the 70th birthday
are covered at reduced percentages. This figure doubles upon
accidental death.
For more information about becoming an
I.B.E.W. Local #56 Credit Union Member please
email or call the office at (814) 455-2270.
|
