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I B E W LOCAL 56 Rates & Review May 2026
Content reviewed by
Brian McKay
Brian McKayFounder & Data ArchitectExpertise
Brian is the Founder of MonitorBankRates.com. For over 18 years, he has utilized his background in enterprise infrastructure to engineer proprietary systems that track rates from over 8,000 financial institutions.
Read Full Bio →
Editorial Disclosure
The rates displayed are actual, verified rates sourced directly from the official websites of banks and credit unions. Our editorial content is independent of any advertiser relationships.
✓Fact Checked
Rates Last Updated: May 2, 2026
I B E W LOCAL 56's 6 CDs rates are at 3.70%, 6 CDs rates are at 3.68%, 6 CDs rates are at 3.65%, 12 CDs rates are at 3.63%, 12 CDs rates are at 3.60%. MonitorBankRates evaluates the financial stability of I B E W LOCAL 56 with a 5.0 Star Rating, an A Overall Health Grade, and a Texas Ratio of 7.98%. Rates were last updated on 05/02/2026. I B E W LOCAL 56 money market rates, and other rates, are continually updated to reflect market conditions. We recommend checking back frequently to get the best money market rates and other rates available. Have you opened an account or have any experiences at I B E W LOCAL 56? Share your experience about I B E W LOCAL 56 by leaving a review below, or read customer reviews before you decide to use I B E W LOCAL 56. UBTC United B&T
IBEW Local #56 Federal Credit Union 962 W 20TH ST
https://ibew56fcu.org Erie, PA 16502 2401 
I B E W LOCAL 56 CD Rates
I B E W LOCAL 56 Savings Rates
I B E W LOCAL 56 Mortgage Rates
Methodology & Data SourcesMonitorBankRates Star Rating
Our rating for I B E W LOCAL 56 is derived from comprehensive financial data published quarterly by the NCUA. Our proprietary rating system evaluates financial stability (including the Texas Ratio and capitalization) and combines it with member feedback (user reviews) to help you make informed banking decisions.
Texas Ratio
We calculate the Texas Ratio using standard industry methodology. This ratio compares the credit union's non-performing assets to its tangible common equity and loan loss reserves to assess financial health.
Rate Data Aggregation
We gather I B E W LOCAL 56 rates using proprietary online rate aggregation technology. Our systems scan constantly to provide the most recent rates available to our visitors.
Disclaimer: Interest rates are variable and subject to change without notice. While we strive for accuracy, rates can change rapidly based on market conditions.
It is always advisable to check with I B E W LOCAL 56's official website for the most current offers and terms.
Credit Union Profile & Overview
Credit Union Name
I B E W LOCAL 56
Website
https://ibew56fcu.org
Address
962 W 20TH ST,
Erie, PA 16502 2401
Phone
814-455-2270
Fax
814-455-4307
President
Christian Kossbiel
CEO
Charlene Hedderick
Full-Time Employees
3
Part-Time Employees
1
Branch Locations
1
ATM Locations
0
NCUA Insured
✓ Yes — Up to $250,000 per depositor
FinancialsMonitorBankRates Star Rating
5.0 / 5.0 ★
Overall Health & Safety Grade
A (96/100)
Texas Ratio
7.98%
Return on Assets (ROA)
1.3048%
Return on Equity (ROE)
10.5435%
Non-Performing Loans Ratio (NPL)
2.14%
Total Assets
10,657,340
Total Amount of Shares and Deposits
9,316,619
Total Shares and Deposits < 1 Year
9,316,619
Total Insured Shares and Deposits > $250K (item 17 less item K)
9,316,619
Total Interest Expense (Sum of items 6 8)
42,739
Share Certificates
51
Number of Accounts for Share Drafts
354
IRA KEOGH Accounts
27
Number of Accounts for Regular Shares
2,287
All other shares
1
Total Cash on Deposit (Amounts Deposited in Financial Institutions)
943,811
Total Liabilities
9,341,440
Source: NCUA — Last Updated 09/30/2025
Customer Reviews
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Add Your Rating and Review for I B E W LOCAL 56
Frequently Asked Questions About I B E W LOCAL 56Is I B E W LOCAL 56 a safe place to deposit money?Yes, I B E W LOCAL 56 is considered a safe financial institution. With a Texas Ratio of 7.9825370155826%, the institution's financial health is rated as excellent. Your accounts are federally insured by the NCUA (National Credit Union Administration) up to $250,000 per depositor, for each account ownership category. How many branches does I B E W LOCAL 56 operate?I B E W LOCAL 56 currently maintains approximately multiple branch location(s). Physical branches allow members to access in-person services such as notary consultations and safe deposit boxes. Is a member application needed to join I B E W LOCAL 56?Yes, to access services at I B E W LOCAL 56, a member application is required. As a credit union, membership is based on specific eligibility criteria such as where you live, work, or your organizational affiliations. Is there a first-time homebuyer program?Currently, I B E W LOCAL 56 does not list a specific first-time homebuyer program, but they provide a range of mortgage and home equity products to assist members with property financing. Are credit management and repair services offered?While formal credit repair services are not currently listed, I B E W LOCAL 56 provides members with tools to manage their accounts and build a solid financial history. Does I B E W LOCAL 56 offer online and mobile banking?Most modern institutions like I B E W LOCAL 56 provide digital access. This includes the ability to check balances, transfer funds, deposit checks via mobile app, and view statements online. You can usually find these services at their official website: https://ibew56fcu.org. Compare to Other Credit Unions
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