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

Home Equity Loan Specials

home equity loan

Home Equity Mini-Mortgage
  1. Borrow $5,000 - $65,000
  2. Minimum $5,000 newly borrowed money
  3. Appraisal required 
  4. Fixed Rates as Low as:
    • 60 Months:  2.99% APR 
    • 90 Months:  3.49% APR
    • 120 Months: 3.99% APR
  1. Borow $2,000 - $15,000
  2. May refinance existing
  3. Mini-Mortgage with 50% new money
  4. Fixed Rates as Low as:
    • 36 Months:  2.49% APR
    • 60 Months:  2.99% APR

APR=Annual Percentage Rate. A minimum of 20% equity in the property is required. Rental property is excluded from these special rates. Borrower is responsible for appraisal, search & filing fees. Proof of Homeowner's Fire, Theft & Comprehensive Insurance with the Credit Union listed as "Loss Payee" is required. Loan approval subject to all normal credit qualifications. Loan interest may be tax-deductible. No required share pledge. Other rates may apply based on lending criteria.  Rates subject to change without notice.

The Credit Union Family Tree is currently serving members of I.B.E.W. Local #56, Stroehmann Bakery, Advanced Business Systems, Birkmire Transportation Services, Signal-Tech, Metro Health Center, Advanced Protection Services, A-1 Automotive, AAA West Penn/Erie County, Furman Enterprises, Inc., West Erie County Democratic Committee their employees and members of their families in three counties of Pennsylvania and wherever they may relocate. 

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