I B E W LOCAL 56
Federal • Erie, Pennsylvania • Est. 1961
Quick Facts
- Charter Number
- #14247
- Type
- Federal
- Established
- 1961
- Headquarters
- Erie, Pennsylvania 16502
- Address
- 962 West 20th Street
- Branches
- 2
- Members
- 1,570
- Membership Type
- Community
NCUA Financial Health Score
Based on NCUA Q4 2025 Call Report data
Below-average financial health. Net worth ratio may be approaching regulatory minimums. Members' deposits remain insured up to $250,000.
Financial Overview
Total Assets
Members
1,570 total members
Total Loans
Outstanding loan portfolio
Net Worth Ratio
Financial Details
| Metric | I B E W LOCAL 56 |
|---|---|
| Total Assets | $10.8M |
| Members | 1,570 |
| Loans Outstanding | $4.8M |
| Shares & Deposits | $9.4M |
| Net Worth | $1.3M |
| Net Worth Ratio | 12.41% |
| Loan-to-Share Ratio | 51.2% |
| Delinquency Rate | 3.07% |
| Net Income | +$162,797 |
Source: NCUA Q4 2025 Call Report • Cycle date: 12/31/2025
Branch Locations
2 locations
IBEW Local #56 Federal Credit Union
Main Office962 W 20TH ST
Erie, PA 16502-2401
IBEW Local #56
185 Pennbriar DR
Erie, PA 16509
Who Can Join I B E W LOCAL 56?
Membership Type: Community
Membership eligibility for I B E W LOCAL 56 may vary. Contact the credit union directly to confirm qualification requirements.
Contact I B E W LOCAL 56 directly or visit their website for the most accurate and up-to-date membership eligibility information.
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View Pennsylvania RankingsFrequently Asked Questions
Yes. I B E W LOCAL 56 is federally insured by the National Credit Union Administration (NCUA) up to $250,000 per depositor, per ownership category. This provides the same level of deposit protection as FDIC insurance at a bank.
As of the NCUA Q4 2025 Call Report, I B E W LOCAL 56 has 1,570 members and a potential membership field of 2,312 people.
I B E W LOCAL 56's net worth ratio is 12.41% as of Q4 2025. The NCUA classifies a credit union as "well-capitalized" when its net worth ratio is 7% or higher. At 12.4%, I B E W LOCAL 56 meets this threshold.
I B E W LOCAL 56 operates 2 branch locations. The main office is located at 962 W 20TH ST, Erie, PA 16502-2401.
I B E W LOCAL 56 was established in 1961. It is a federal credit union chartered under charter number 14247. The institution has been serving members for 65 years.
Data sourced from the NCUA Quarterly Call Report (Q4 2025). CUScore is an independent directory and is not affiliated with the NCUA or I B E W LOCAL 56. All financial data is for informational purposes only.