Credit Union Hours
Mon - Thur -- 9:00AM to 5:00PM 
Friday -- 9:00AM to 6:00PM 
Closed Weekends and All Federal Holidays 
Lost or Stolen Debit Card: 
(800)543-5073 
 

Newsletter

January 2015

Special Vehicle Loan Rates!

New Vehicles - Model Year 2012 and Newer:

Borrow 90% of MSRP or NADA Retail Price

Rates as Low as:
24 mos - 1.90%APR
36 mos - 2.15%APR

48 mos - 2.40%APR
60 mos - 2.65%APR

72 mos - 3.40%APR

Used Vehicles - Model Year 2008 - 2011:

Borrow 95% of NADA Average retail Price

Rates as Low as:
24 mos - 2.65%APR
36 mos - 2.90%APR

48 mos - 3.15%APR
60 mos - 3.40%APR

*Rates available for model years 2008 and newer

  • APR - Annual Percentage Rate
  • Other rates, terms and limits are available or may apply depending on lending criteria.
  • Vehicle loan pre-approvals at no charge.
  • No required share pledge.
  • Loan approval subject to all normal credit qualifications, such as credit worthiness and ability to repay.
  • Same day approval available to qualifing applicants.
  • The above rates are available for the purchase of a vehicle or to refinance a vehicle loan from another lending institution.

Now's the Time to Contribute to an IRA

The Credit Union offers both Traditional and Roth IRA Share Accounts to help you prepare for retirement.  

You may be able to deposit up to $5,500.00 for both the 2014 and 2015 tax years.  Members 50 and older may be able to contribute an additional $1,000.00.  Deposits for the 2014 tax year will be accepted until April 15, 2015.

IRA Rollover Rule Change

The IRS has changed its position regarding rollovers effective January 1, 2015.  An IRA owner will be able to complete only one IRA rollover in any 12 month period, regardless of how many IRAs he/she owns.  If you are thinking about doing a rollover, talk to your tax advisor first for any tax implications.

Beware of IRS Scams

Tax time is upon us and so are the scammers.  The IRS does not call or e-mail anyone to inform them that they owe money.  If there is a problem with your tax return, you will be notified through the U.S. Postal Service.

If you are contacted by phone or e-mail, never give out any personal, bank account, or credit card information.  Take down any information that you are given and contact the IRS on your own.  Do not use a web address or phone number that came from a questionable contact.

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.

Direct Deposit

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.

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 secuirty 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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IBEW Local 56 FCU
962 West 20 Street
Erie, PA 16502
Phone:  (814) 455-2270      FAX:  (814) 455-4307
Toll Free:  (800) 723-7800

email:
Routing Number: 243381065
 
IBEW Local #56 FCU - Once A Member ... Always A Member
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