I B E W LOCAL 56 Credit Union Profile

Showing details for I B E W LOCAL 56 Credit Union.

Home > PA > I B E W LOCAL 56

I B E W LOCAL 56

Charter #14247 | NCUA Region 1 | FCU
Low-Income Designation: Yes
Report Date: 2025

Headquarters Contact & Staff

Contact & Info

Phone: (814) 455-2270

Fax: (814) 455-4307

Founding Date: N/A

Website: https://www.ibew56fcu.org

Personnel & Operations

President: Kossbiel, Christian

Manager: Hedderick, Charlene

FT Employees: 3

PT Employees: 1

Designations & Ratios

MDI Status: No

RBC Ratio: 0%

Membership Type: 50

Branches: 1

Hours: Monday - Thursday: 9:00am - 5:00pm Friday:

Credit Union Profile Summary

I B E W LOCAL 56 is a FCU Credit Union. With a total of 1,554 members [1], this institution manages approximately $11,013,954 in total assets [1]. It proudly serves as a Low-Income Designated institution. Key financial indicators show a solid Net Worth Ratio of 11.52% [1] and a strong Loan-to-Share Ratio, with loan growth over the last four quarters at -1.59% [1].

Financial Snapshot

Total Assets [1]
$11,013,954

Total economic resources.

Total Loans [1]
$4,813,823

Total value of outstanding loans.

Total Deposits [1]
$9,701,997

Total funds deposited by members.

Members [1]
1,554

Number of active members.

Performance Ratios

Net Worth Ratio [1]
11.52%

This is the credit union's safety cushion; 7.0% is the regulatory minimum. A higher ratio means the credit union is stable.

Return on Assets (ROAA) [1]
1.62%

Measures profitability. Shows profit generated per dollar of assets. Near 1.0% is considered strong.

Loan-to-Share Ratio [1]
49.62%

Measures lending activity using member deposits. Below 100% is generally healthy, balancing lending and liquidity.

Four-Quarter Growth

Asset Growth (4Q) [1]
↑ 3.58%

Indicates change in total size. Positive growth means the credit union is expanding its operations.

Loan Growth (4Q) [1]
↓ -1.59%

Shows change in lending activity. Positive growth means they are actively increasing their lending business.

Member Growth (4Q) [1]
↓ -1.71%

Indicates change in member count. Positive growth is a sign of a healthy, expanding member base.

Headquarters Location & Map

Headquarters Address

962 W 20TH ST

Erie, PA, 16502-2401
Open in Google Maps

Member Ratings & Reviews

Average Member Rating:

N/A / 5.0

Total Approved Reviews:

0

Rate This Credit Union

No approved reviews yet. Be the first to rate this Credit Union!

Branch Locations

Found 1 branches reported by I B E W LOCAL 56 (Charter #14247).

Main Office

IBEW Local #56 Federal Credit Union Main Office

Type: Corporate Office

962 W 20TH ST

Erie, PA 16502-2401

Phone: (814) 455-2270

Services: Member Services

Open in Directions