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: 


March 2014 

Think Spring Discount of 0.50% on Vehicle Loans

Take an additional 0.50% off of your qualifying interest rate on your next vehicle purchase or when you refinance your current vehicle loan from another financial institution.

Model Year 2011 & Newer:

Financing 90% of Manufacturer's Suggested Retail Price or NADA Retail Value:

Current Rates:          Discounted Rates:  
24 mos - 2.40%APR   = 1.90%APR
36 mos - 2.65%APR   = 2.15%APR
48 mos - 2.90%APR   = 2.40%APR
60 mos - 3.15%APR   = 2.65%APR
72 mos - 3.90%APR   = 3.40%APR

(If the vehicle mileage exceeds 15,000 per model year, there will be a high mileage surcharge)

Model Year 2007-2010:

Financing 95% of NADA Average Retail Value:

Current Rates:          Discounted Rates:
24 mos - 3.15%APR    = 2.65%APR
36 mos - 3.40%APR    = 2.90%APR
48 mos - 3.65%APR    = 3.15%APR
60 mos - 3.90%APR    = 3.40%APR

*Discount available for model years 2007 and newer 

  • APR - Annual Percentage Rate
  • Existing IBEW Local #56 FCU vehicle loans are not eligible for discount
  • Other rates, terms, and limits are available or may apply depending on lending criteria
  • Loan approval subject to all normal credit qualifications, such as credit worthiness and ability to repay
  • Same day approval available to qualifing applicants
  • Loan pre-approvals at no charge
  • No required share pledge
  • Discount expires May 30, 2014

Scholarships Available

Applications for the 2014 Erie Chapter of Credit Unions James J. DeDad Scholarships are available at the Credit Union Office.  If you are a Credit Union Member between the ages of 17 and 24, and are enrolled as a full-time undergraduate student, you are eligible to apply.  Scholarships range from $500-$3,000.

Completed applications must be returned to the Credit Union office no later than June 6th. 

It's been a long cold winter, does your house need some TLC? 

Home Equity                                   Mini-Mortgage

-Borrow $5,000 - $50,000             -Borrow $2,000 - $15,000
-Minimum $5,000 newly                -May refinance an existing Mini-Mortgage
 borrowed money                            with 50% new money
-Appraisal required

60 mos - 4.00%APR*                      24 mos - 3.25%APR*
90 mos - 4.50%APR*                      42 mos - 3.75%APR*
120 mos - 5.00%APR*                    60 mos - 4.00%APR*

  • APR-Annual Percentage Rate
  • Other rates may apply depending on lending criteria
  • A minimum of 20% equity in the property is required (25% equity for rental property)
  • Borrower is responsible for appraisal, search & filing fees
  • No required share pledge
  • Loan interest may be tax-deductible
  • Loan approval subject to all normal credit qualifications, such as credit worthiness and ability to repay

Say Hello to the Sprint Credit Union Member Discount

If you're looking to save with a #1 wireless company, then it might be time to say hello to the Sprint Credit Union Member Discount from Invest in America!  As a member of the IBEW Local #56 FCU, you can save with the one that JD Powers & Associates ranks as the "Highest satisfaction with the Purchase Experience".

Ways you can save:

  • 10% off* select personal Sprint plans
  • 15% off* select business Sprint plans
  • Waived activation fee on new activations
  • Waived upgrade fee
  • Available to new and existing Sprint customers

Valuable discounts like these are just some ofthe many benefits of credit union membership.

3 Ways to Get Your Discount:

  • Call 877.SAVE.$CU (877.728.3428) & let them know you're a credit union member.  Ask to be a part of the NACUC_ZZM Corporate ID to save
  • Click
  • Visit your nearest Sprint store

*Application of discount requires 2-year contract extension plans.  Verification of membership is required at time of activation/upgrade.  Discount not available on secondary lines for Family & Business Share plans.

All rights reserved. Sprint, the logo, and other trademarks are the trademarks of Sprint Nextel.

Protect Yourself From Scams

  • Never respond to an e-mail asking you to verify or update your personal information
  • Never click on links in unsolicited e-mail
  • Delete & don't open unsolicited e-mails
  • Never tell anyone your PIN & never write it down
  • Block your PIN from being seen when using an ATM or at the store
  • Protect your passwords - Never write them down or enter them online unless you initiated the transaction
  • Never give out your personal or financial information on the phone or online unless you initiated the contact
  • Check your credit report at least once annually or sign up for alerts through credit management agencies
  • Use spam blockers, firewalls, virus protection, and adware & malware destroyers
  • Update your Operating system whenever security patches are available
  • The IBEW #56FCU will never ask for your personal information via phone or email

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






























































































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

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