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. 


Insurance Solutions For Everything That Matters. Find Out More.

banner push.gif3

banner push1

Option2 468x60 jpg

Banner Art1

Latest News

Our Mortgage Partner


With over 20 years of exclusive credit union mortgage experience, OwnersChoice Funding is our trusted partner for mortgage lending.

Learn More


acu ncuaehl