Our Loan Rates Come With No Strings Attached
Some financial institutions offer low rates but these rates often come with "strings" attached: must have a checking account with direct deposit, must make a certain number of transactions each month, must pay through auto pay, must sign up for e-statements, must have our credit card, etc.
At the IBEW Local #56 FCU, once you are approved for a loan at a given rate, you aren't required to do any of the above. "No Strings Attached".
James J. DeDad Scholarships
Applications are now available for the Erie Chapter of credit Union's James J. DeDad Scholarships. Credit union members between the ages of 17 and 24 who are enrolled or who will be enrolled as a full time undergraduate student in 2015 are aligible to apply.
Scholarships range from $500 - $3,000.
Return your completed application to the credit union office by June 5th.
Smart Option Student Loans®
Don't let school start without the funds you need. When scholarships, federal loans, and financial aid don't cover all your expenses, the Sallie Mae® Smart Option Student Loan® can make up the rest. Get started by clicking on the Sallie Mae® banner on our home page.
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.
We encourage you to have your paycheck, social security, pensions, unemployment, etc. electronically deposited into your credit union account.
Benefits of Direct Deposit Include:
Transfers funds securely & directly into your Regular Share or Share Draft (Checking) Account
Eliminates the risk of lost or stolen checks
Quick access to your funds
Access funds easily with a credit union Debit Card
Saves on trips to your credit union
Peace of mind when you're out of town
Helps protect the envirmonment
If convenience and safety are important to you, Direct Deposit is the way to go!
Pay Your Bills Online
Online Bill Pay is a convenient way for members to pay their bills from one secure website. Log into your Credit Union Home Banking account and pay your bills at your convenience. Bill Pay can also be used for person to person payments, account to account transfers, personalized gift checks, and charitable donations.
You must be a Credit Union member with a Share Draft/Checking Account in good standing and have Home Banking to be eligible for Online Bill Pay. Log into your Home Banking Account and click the Online Bill Pay tab to set up your account. Your account will then be approved and activated. There is a one time non-refundable $2.00 enrollment fee.
We have two Bill Pay plans:
Option 1: Six (6) transactions/month at no charge, .50¢ for each transaction over six.
Option2: Unlimited transactions/month at a cost of $3.00/month.
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 secuirty number, a $25 share deposit, and a .25¢ membership fee.
Family Members include your:
Spouse Children Stepchildren Grandchildren
Parents Stepparents Grandparents Brothers & Sisters