I.B.E.W. Local No. 5 Pittsburgh PA Credit Union | Affordable Auto Loans & Top Business Banking

Introduction

Welcome to I.b.e.w. - Local No. 5, where your financial well-being is our top priority! Located at 5 Hot Metal St Ste 201, Pittsburgh, PA 15203, we have been serving our community since 1974. With over 1,400 members and a robust financial foundation boasting total assets of $13,812,952, we are proud to offer a range of services tailored to meet your needs. At I.b.e.w. - Local No. 5, we believe in building strong relationships within our community. Our dedicated team of just 2 employees, led by our CEO Kathleen Saffer and Board President Michael Berta, is here to assist you every step of the way. We understand that each member's journey is unique, and we strive to provide personalized service that reflects our commitment to your financial success. Our credit union is not just about numbers; it's about the people we serve. With total loans reaching 416 and deposits exceeding $406,620, we're equipped to support various financial goals from securing a new vehicle with our auto loans to managing day-to-day banking needs through personal accounts. While members can visit us at our branch address, official correspondence should be sent to the same location: 5 Hot Metal Street, Pittsburgh, PA 15203. If you have any questions or need assistance, don't hesitate to reach out at 412-432-1152 or check out our website at http://www.ibew5.virtualcu.net . Join us as we continue to empower our members and make a positive impact in the community. We invite you to become part of our family today!

Branch History & Mission

Community Engagement

We understand that true success comes from collaboration. That's why we partner with local organizations and participate in community events aimed at enhancing quality of life for all residents in Pittsburgh. Whether it's through educational workshops or financial literacy programs, we're dedicated to making a positive impact. Our facilities are designed with accessibility in mind, ensuring everyone can benefit from our services without barriers. While we currently do not offer ATM or drive-thru services, we focus on personal interactions that truly matter.

Join Us

As we continue our journey into the future, we invite you to join us at I.b.e.w. - Local No. 5. Experience firsthand how we can assist you with your financial needs while becoming part of a caring community focused on growth and support. For inquiries or more information about membership opportunities, please call us at 412-432-1152 or visit our website at ibew5.virtualcu.net. Let's work together towards achieving your financial goals!

Our Mission

At I.b.e.w. - Local No. 5, our mission is clear: we aim to provide high-quality financial services while fostering community growth and development. We believe that everyone deserves access to affordable banking options and the opportunity to build their financial future. Our commitment extends beyond transactions; we actively engage in community outreach initiatives that help uplift those around us. While members can visit us at 5 Hot Metal St Ste 201, official correspondence should be sent to 5 Hot Metal Street, Pittsburgh, PA 15203. We invite you to reach out or visit during our operating hours: Monday and Thursday from 9 AM to 7 PM; Tuesday and Wednesday from 9 AM to 3 PM; and Friday from 9 AM to 12 PM.

Our Story

The story of I.b.e.w. - Local No. 5 began with a simple yet powerful idea: to create a safe place where members could manage their finances effectively while receiving personalized service. Located at 5 Hot Metal St Ste 201, Pittsburgh, PA 15203, our branch is easily accessible and has become a familiar landmark for many in the area. We pride ourselves on being more than just a financial institution; we are your neighbors and partners in achieving financial wellness. Throughout our history, we've marked key milestones that showcase our evolution and dedication to our members. From expanding our range of services like personal banking, auto loans, mortgage financing, and business banking solutions to embracing technology with online banking capabilities, we strive to meet the needs of our diverse membership base.

Branch Location & Accessibility

Get in Touch

Have questions or need assistance? Feel free to give us a call at 412-432-1152. We're always happy to help! Whether you're already a member or considering joining us, we invite you to visit I.b.e.w. - Local No. 5 today for a welcoming experience tailored just for you!

Nearby Landmarks and Accessibility

Our branch is just a stone's throw away from popular landmarks like the Homestead Grays Bridge and the South Side Works, making it a familiar stop for many locals. With ample parking available nearby, you won't have to worry about finding a spot when you arrive. Plus, we ensure our facilities are accessible for everyone, including ADA-compliant features to assist those with mobility challenges.

Operating Hours

At I.b.e.w. - Local No. 5, we understand that life gets busy. That's why we offer flexible operating hours tailored to fit your schedule. Visit us on Mondays and Thursdays from 9 AM until 7 PM, or drop by on Tuesdays and Wednesdays between 9 AM and 3 PM. We also welcome you on Fridays until noon for any last-minute banking needs.

Services Offered

When you step into our branch, you'll discover a range of personal banking services designed just for you. From checking and savings accounts to auto loans and mortgage refinancing, we're here to help with all your financial needs. Our friendly team is ready to guide you through our offerings, including credit cards with rewards and business banking solutions.

Member Eligibility

Welcome to the I.b.e.w. - Local No. 5 community! At our branch located at 5 Hot Metal St Ste 201, Pittsburgh, PA 15203, becoming a member is more than just opening an account; it's about joining a supportive network where you can thrive financially. If you're part of the IBEW Local No. 5 or work in any related industry, you're already eligible to become a member! We believe everyone deserves access to financial services that cater to their unique needs. Joining us is simple and straightforward. You can easily open an account by reaching out to us at 412-432-1152 or visiting our website for more details. We're always here to help you through the process and answer any questions you might have along the way. For complete and updated eligibility criteria, feel free to check out this link. We're excited to welcome you into our family!

Business Banking & Commercial Services

Business Loan Options

Imagine having the financial backing to take your business to new heights. 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.

Merchant Services

In today's fast-paced world, efficient payment processing can set your business apart. Our merchant services simplify transactions, allowing you to focus on what you do best serving your customers. With easy-to-use tools, you can accept payments seamlessly, whether online or in-store. Located at 5 Hot Metal St Ste 201 Pittsburgh Pa 15203 in Pittsburgh, PA, we're here to help you navigate your business banking needs. Reach out to us at (412) 432-1152 to learn more about how we can assist in fueling your business success!

Comprehensive List Of Services

Additional Services

While visiting us might be less frequent due to the convenience of online banking, we also provide essential ATM and cash withdrawal services when needed. At I.b.e.w. - Local No. 5 in Pittsburgh, PA, we pride ourselves on offering a full suite of services tailored to meet both personal and business needs. To learn more about how we can assist you or if you have any questions about specific services, don't hesitate to give us a call at 412-432-1152. We invite you to visit us at our branch or explore our website at http://www.ibew5.virtualcu.net for more information about how we can help fulfill your financial dreams today!

Business Banking

For entrepreneurs and businesses in our community, we offer specialized business banking services including merchant services and business loans. We recognize the importance of having reliable financial support as you grow your venture, and we are proud to stand beside local businesses in their pursuit of success.

Credit Cards & Rewards

Our credit cards with rewards allow you to earn while you spend. Picture yourself enjoying cash back or points towards travel every time you use your card it's a great way to enhance your purchasing power while benefiting from everyday transactions.

Digital Banking Convenience

In today's fast-paced world, convenience is key. That's why we provide robust online and mobile banking options so that you can manage your finances anytime, anywhere. Whether it's checking balances, transferring money between accounts, or paying bills online, our digital tools empower you to take control of your banking experience.

Personal Banking

We understand that every member has unique goals when it comes to personal finances. That's why we offer a variety of checking and savings accounts designed to fit your lifestyle. Whether you're saving for a special event or just want easy access to your funds, our accounts can help you achieve those goals. If you're considering purchasing a vehicle, our auto loans and vehicle financing options provide competitive rates and flexible terms. Imagine driving off in your dream car without the stress of hefty payments weighing you down! For larger purchases like a home, our mortgage loans and refinancing services can assist you in navigating the process smoothly. We're here to make homeownership attainable for everyone. Additionally, if you're looking to consolidate debt or need some extra cash for unexpected expenses, our personal loans are straightforward and accessible. We strive to simplify the borrowing experience so that you can focus on what matters most.

Digital & Online Banking

Key Features

Our online banking service is available 24/7, allowing you to check balances, transfer funds, and pay bills with just a few clicks. You'll never have to worry about waiting in line at the bank again! Plus, with person-to-person transfers, sending money to friends or family is as simple as entering their email address or phone number. For those who prefer paperless options, we provide e-statements so you can view your account activity without cluttering your mailbox. This means you can keep track of your finances while contributing to a greener environment.

Security and Convenience

We prioritize your security. Our online platform is designed with robust security measures to protect your personal information. While we don't offer electronic signature authorization at this time, rest assured that all transactions are safe and secure. Though we currently do not support mobile payments or a dedicated mobile application, our website is fully optimized for mobile devices. You can easily manage your accounts from your smartphone or tablet. In today's fast-paced world, having reliable access to your finances is crucial. With our user-friendly interface and comprehensive services, managing your money has never been easier. Join us at I.b.e.w. - Local No. 5 and experience the convenience of modern banking today!

Financial Strength

Growing Membership Base

Total Share Accounts stand at 1,479, showing a strong and growing member base that trusts us with their finances. This growth allows us to provide even more value back to you as we expand our services. 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 No. 5 is your trusted partner. Visit us at 5 Hot Metal St Ste 201 Pittsburgh Pa 15203 or call 412-432-1152 to learn more about how we can help you achieve your financial goals.

Investing in Your Future

With $1,657,650 in undivided earnings, we reinvest in innovative banking tools, stronger lending options, and enhanced security measures to serve our members better. Our lending capacity supports members' financial goals across various sectors with $8,263,020 in total loans and leases and 201 used auto loans available to help you get the vehicle you need.

Member-Focused Savings

Members' savings are secured through $1,240,245 in share certificates, offering stable and rewarding financial growth opportunities. 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 net income of $109,018 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 1 full-time employee and 1 part-time employee, ensuring our branches are always ready to serve you with a knowledgeable, committed team.

Solid Financial Health

With a net worth of $1,871,890, we maintain robust financial health, allowing us to offer better rates, lower fees, and enhanced member services. Our net worth ratio of 13.55% 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 $3,216,931 in used vehicle loans and $2,528,085 in new vehicle loans already helping members get on the road. Whether you're interested in financing a new or used vehicle, we have options that can fit your budget and lifestyle.

Credit Lines

For those looking for flexibility, our total credit lines amount to $2,000,000. This option allows you to borrow as needed while only paying interest on what you use, providing a cost-effective way to manage your cash flow.

Mortgage Loans

Thinking about homeownership? Our mortgage options, including Junior Lien 1-4 Family Residential Properties loans totaling $1,008,268, make buying or refinancing simple. We provide competitive rates and personalized service to help you find the right mortgage for your needs.

Refinancing Options

If you're considering refinancing existing loans or exploring eligibility for any of our loan products, our team is here to guide you through the process. We strive to make it easy for you to take advantage of lower rates or better terms whenever possible. Whether you're at our location at 5 Hot Metal St Ste 201 Pittsburgh Pa 15203, Pittsburgh, PA, or reaching out via phone at (412) 432-1152, we're committed to supporting your financial journey with transparency and expertise. Performance insights and financial data are sourced from the National Credit Union Administration (NCUA) at: https://www.ncua.gov , based on the latest results. Visit us today and discover how we can help meet your lending needs!

Unsecured Credit Card Loans

We also offer flexible terms on unsecured credit card loans, with a total of $0 in loans helping members manage their finances effectively. Whether you want to consolidate debt or make everyday purchases, our credit card options can provide the support you need.

Loan Aggregator

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Ensuring Accurate Comparisons

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I.B.E.W. LOCAL NO. 5 FEDERAL CREDIT UNION