I B E W Local 56 Credit Union Erie PA | Best Auto Loans & Business Banking

Introduction

Welcome to I B E W Local 56, your trusted partner in financial well-being, located at 962 W 20Th St, Erie, PA 16502. Since our establishment in 1961, we have proudly served our community with a commitment to excellence and personalized service. With a growing membership of 1,593 individuals, we are dedicated to providing the financial tools and resources you need to thrive. At I B E W Local 56, we understand that each member's journey is unique. That's why we offer a range of services tailored to meet your needs, including checking and savings accounts, auto loans, mortgages, and personal loans. Our total assets stand strong at $10,878,340, reflecting our stability and capacity to support you in reaching your financial goals. While members can visit us at our branch for friendly assistance, official correspondence should be directed to 962 West 20th Street, Erie, PA 16502. We believe in building lasting relationships with our community after all, your success is our success! Led by our CEO Charlene Hedderick and Board President Christian Kossbiel, our dedicated team of four employees is here to assist you every step of the way. Whether you're looking to open an account or explore loan options our knowledgeable staff is just a phone call away at 814-455-2270. With total deposits reaching $1,130,197 and net worth at $1,154,471, you can trust that your money is safe with us. Our commitment to transparency means you'll always know where your funds stand we also have over $74,248 in cash readily available for your banking needs. Ready to take the next step? Visit us today or check out more about what we offer on our website at ibew56fcu.org. Your financial future starts here!

Branch History & Mission

Looking Ahead

As we continue to grow into the future, we remain focused on integrating new technologies while ensuring accessibility for all. Our online banking services empower members to manage their finances from anywhere while maintaining personal connections at our branch during operating hours: Monday - Thursday from 9:00 AM - 5:00 PM and Friday until 6:00 PM. We invite you to join us at I B E W Local 56! Experience the benefits of membership where your financial goals are prioritized. For any questions or assistance, feel free to reach out at 814-455-2270 or explore our website at ibew56fcu.org. Together, let's build a stronger financial future!

Our Mission

At I B E W Local 56, our mission is simple yet profound: to empower individuals and families through sound financial guidance and support. We are more than just a credit union; we are a community partner dedicated to enhancing the quality of life for every member we serve. Whether you need help with budgeting or planning for your future, we're here every step of the way. Our commitment extends beyond mere transactions. We engage actively with our community through outreach programs and partnerships that uplift those around us. We believe that when our members thrive, so does the entire community. While you can visit us at 962 W 20th St, all official correspondence should be directed to our mailing address at 962 West 20th Street, Erie, PA 16502 if it differs from your visit.

Our Story

Starting from humble beginnings, I B E W Local 56 was established to provide financial services tailored for the local workforce. Our physical location at 962 W 20th St, Erie, PA 16502 has become a beacon for those seeking personal banking solutions. Nestled near several community landmarks, we take pride in being accessible and supportive to our members. As the years rolled on, we embraced growth and change. We expanded our offerings to include not just checking and savings accounts but also auto loans, mortgages, personal loans, and even business banking services. Each step forward has been fueled by the trust our members place in us.

Branch Location & Accessibility

Connect with Us

Have questions? Don't hesitate to call us at 814-455-2270! Our dedicated staff is eager to assist you with any inquiries or financial needs you may have. Visit I B E W Local 56 today your financial journey starts here!

Nearby Landmarks and Accessibility

Situated just a stone's throw from the bustling downtown area of Erie, you'll find our branch close to local favorites like Presque Isle State Park and the Erie Maritime Museum. This prime location makes it convenient for you to swing by before or after enjoying a day out. Parking is ample and easily accessible, with ADA-compliant features such as ramps to ensure everyone can visit us comfortably. We strive to create an inviting atmosphere for all members and visitors alike.

Operating Hours and Services

At I B E W Local 56, we value your time! Our lobby hours are designed to fit your busy schedule: Monday through Thursday from 9:00 AM to 5:00 PM, and on Friday from 9:00 AM to 6:00 PM. We're here when you need us most! We offer a variety of services tailored to meet your financial needs. From personal banking options like checking and savings accounts to auto loans and mortgage refinancing, our team is ready to assist you with friendly service. While we don't currently have ATM access or drive-thru banking available at this branch, we invite you to explore our online banking options for added convenience.

Member Eligibility

At I B E W Local 56, we believe that everyone deserves a chance to be part of a welcoming community that values support and financial well-being. Becoming a member is as easy as reaching out to us! If you live, work, or worship in our area or have a family member who is already a member, you're likely eligible to join our credit union. We're here to offer you tailored services that fit your unique needs, whether you're looking for checking and savings accounts, auto loans, or personal financing options. To learn more about the specific eligibility requirements and how you can join us at I B E W Local 56, please visit our website at https://ibew56fcu.org/membership. If you're ready to take the next step or have any questions, don't hesitate to call us at (814) 455-2270. We can't wait to welcome you to our family!

Business Banking & Commercial Services

Merchant Services That Make a Difference

In addition to loans, we offer merchant services that simplify transactions for your business. Imagine easily accepting payments from customers, whether they are using cards or mobile wallets. This flexibility not only enhances customer satisfaction but also streamlines your operations, allowing you to focus on what truly matters growing your business. Experience the difference that dedicated business banking can make at I B E W Local 56 located at 962 W 20Th St Erie Pa 16502. We're here to help you thrive! For more information, give us a call at (814) 455-2270 or visit our website at https://ibew56fcu.org.

Tailored Loan Options

Our commitment to supporting businesses is evident, with investments in business growth through our commercial lending programs: - We've funded over $0 in commercial loans for our members, helping businesses scale and succeed. - We also support the broader business community with $0 in non-member commercial loans, providing flexible financing solutions. - With an outstanding commercial loan portfolio of $0, we continue to drive economic growth by financing new and expanding businesses.

Comprehensive List Of Services

Auto Loans & Vehicle Financing

Thinking about purchasing a new car? Our auto loans and vehicle financing options make it simple for you to drive away in the vehicle of your dreams. We offer competitive rates and flexible terms tailored to fit your budget, so whether you're buying new or used, we can help turn that dream into reality.

Business Banking

For our business members, we offer comprehensive business banking solutions including merchant services and business loans. Whether you're starting a new venture or expanding an existing one, we are here to provide the financial tools necessary for success.

Convenience at Your Fingertips

In today's busy world, convenience matters more than ever. That's why we emphasize our online and mobile banking features, which allow you to manage your accounts anytime, anywhere. You can easily access statements, make transfers, and even utilize person-to-person payment services all designed with ease of use in mind. If you're ready to explore how I B E W Local 56 can support your financial journey or if you have any questions about our services, don't hesitate to reach out! Call us at 814-455-2270 or visit our website at ibew56fcu.org. Our friendly team is excited to assist you!

Credit Cards with Rewards

Who doesn't love earning rewards on their spending? With our credit cards featuring rewards, every purchase can bring you closer to something special be it travel, merchandise, or cashback options. Enjoy the freedom of making everyday purchases while reaping benefits!

Mortgage Loans & Refinancing

Homeownership is within reach thanks to our mortgage loans and refinancing services. If you're ready to buy your first home or looking to refinance your current mortgage for better rates, our dedicated team will guide you through the process every step of the way. You'll appreciate how quickly and efficiently we work, making sure you feel confident in your decisions.

Personal Banking

We understand that managing finances can be overwhelming at times. That's why our personal banking services include checking and savings accounts designed to help you save for the future while giving you easy access to your money when you need it. Imagine being able to check your balance or transfer funds from anywhere with our online and mobile banking options!

Personal Loans & Debt Consolidation

Life throws unexpected expenses at us sometimes. That's where our personal loans and debt consolidation services come in handy. Need some cash for an emergency repair? Or maybe you're looking to simplify your finances by consolidating high-interest debts into one manageable payment? We offer flexible options that cater to your specific situation.

Digital & Online Banking

At I B E W Local 56, we understand that managing your finances should be as easy and secure as possible. That's why we've made our digital and online banking services user-friendly and accessible, allowing you to take control of your money anytime, anywhere. With our 24/7 online banking services available at https://ibew56fcu.org, you can check your account balances, transfer funds, and pay bills from the comfort of your home or on the go. Our person-to-person transfer feature makes sending money to friends or family a breeze no need for cash or checks anymore! For those who prefer going paperless, we offer e-statements to keep your financial information organized and easily accessible. Plus, you won't have to worry about losing important documents. Although we currently do not support electronic signature authorization or mobile payments, we're committed to providing security with every transaction. While we don't have a mobile application just yet, our online banking platform is fully optimized for mobile devices. This means you can enjoy real-time account management directly from your smartphone or tablet without any hassle. Whether you're looking to track your spending, save for a goal, or simply manage day-to-day transactions, our digital banking options at I B E W Local 56 are designed with you in mind. Embrace the convenience of online banking today and experience the ease of managing your finances at your fingertips!

Financial Strength

A Trusted Partner for Your Financial Future

Our financial strength means we can continue serving you with confidence. Whether you're saving, borrowing, or planning for the future, I B E W Local 56 is your trusted partner. Visit us at 962 W 20Th St Erie Pa 16502 or call (814) 455-2270 to learn more about how we can help you achieve your financial goals.

Member-Centric Savings

Members' savings are secured through $696,495 in share certificates, offering stable and rewarding financial growth opportunities. While we currently do not have money market shares available, we focus on maximizing the benefits of traditional saving options for our members. Unlike traditional banks, we prioritize our members. With non-member deposits at $0, we ensure that our resources are focused on benefiting you through better loan rates, lower fees, and exclusive perks.

Operational Efficiency

Our $0 reflects our operational efficiency, enabling us to continue offering competitive loan rates and solid financial products for our members. We also take pride in having 3 full-time employees and 1 part-time employees ready to serve you with knowledge and dedication. Net Shares (Funds available for lending and investments): $4,606. This shows how committed we are to serving our growing membership base of 2,757 accounts.

Reinvestment for Growth

With $1,148,370 in undivided earnings, we reinvest in innovative banking tools, stronger lending options, and enhanced security measures to serve our members better. Our focus is always on enhancing your experience with us. We have extended $139 in used auto loans and a total of $4,877,745 in loans and leases, which means we're here to support your financial goals across various sectors whether you're looking for a new car or personal financing.

Strong Financial Health

With a net worth of $1,154,471, we maintain strong financial health, allowing us to offer better rates, lower fees, and enhanced member services. Our commitment to sound financial practices ensures that your money is safe with us. Our net worth ratio of $1,061 demonstrates a solid capital foundation, ensuring that we can continue providing loans, competitive savings rates, and uninterrupted services even in uncertain economic times.

Loan Offering

Auto Loans

Looking to buy a new car? Our auto loans offer some of the lowest rates in the industry, with over $1,856,866 in used vehicle loans and $1,283,005 in new vehicle loans already helping members get on the road. Whether you're purchasing a brand-new vehicle or a reliable used one, we have flexible options to fit your budget.

Credit Lines and Unsecured Loans

For those looking for additional financial flexibility, our total credit lines amount to $200,000. We also offer flexible terms on unsecured credit card loans; however, currently, there are no outstanding amounts in this category. These options can assist you in managing unexpected expenses or consolidating debt effectively.

Mortgage Loans

Thinking about homeownership? Our mortgage options, including Junior Lien 1-4 Family Residential Properties loans totaling $457,818, make buying or refinancing simple. We are here to guide you through the process and help you secure a loan that meets your needs.

Refinancing Options

If you're considering refinancing an existing loan, we provide competitive rates and terms tailored to your situation. We encourage you to explore eligibility options that may be available to you by visiting our website or contacting us directly at (814) 455-2270. At I B E W Local 56, we strive to make the loan process as straightforward as possible. Our team is ready to assist you every step of the way from application through approval ensuring you feel confident in your financial decisions. Performance insights and financial data are sourced from the National Credit Union Administration (NCUA) at: https://www.ncua.gov, based on the latest results. For more information about our loan offerings or to start your application today, visit us at 962 W 20Th St Erie Pa 16502, Erie, PA or call us at (814) 455-2270. We look forward to helping you reach your financial goals!

Loan Aggregator

Accurate Loan Comparisons

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I B E W Local 56