Bank Index

I B E W LOCAL 56

Credit union · Erie, United States · overall 2.8 / 10

Open in Bank Index

How this 2.8 is built

Average of 12 scored needs: 2.8. Regulation in United States: 87/100 (World Bank governance indicators). Licence confirmed by a regulator's own list. 1 score backed by filings or its own pages.

I B E W LOCAL 56 is recorded in the global register as a credit union in Erie, United States. The register names NCUA as its regulator and shows the licence as active. Total assets 0.01 bn USD at 2026-06-30. Collected from open registers. We have not checked this company by hand yet.

On its own website: “The Locomotive & Control Employees Federal Credit Union was federally chartered on February 25, 1936. Our field of membership includes employees of General Electric and their family members, employees of Erie Cotton Products and their family members, and Presque Isle Rehabilitation & Nursing employees and their family ”

Regulated by
NCUA
Licence confirmed
yes, on a regulator's own list
Website
ibew56fcu.org

Scores, 0 to 10

7.0Financial strength & stability
· source
6.0United States
Licensed and operating in its home country per the register entry; the depth of its offer here has not been checked yet.
5.5Lowest fees
A credit union serves a defined membership in one area and does not sell international business banking.
5.5Best interest on business balances
A credit union serves a defined membership in one area and does not sell international business banking.
4.0Fast digital onboarding
A credit union serves a defined membership in one area and does not sell international business banking.
2.5Business cards (Visa, Mastercard)
A credit union serves a defined membership in one area and does not sell international business banking.
2.0Startups & VC-backed companies
A credit union serves a defined membership in one area and does not sell international business banking.
1.5Crypto-friendly bank
A credit union serves a defined membership in one area and does not sell international business banking.
1.5Fintech companies that need a partner bank
A credit union serves a defined membership in one area and does not sell international business banking.
1.5Online businesses: e-commerce and SaaS
A credit union serves a defined membership in one area and does not sell international business banking.
1.0Cross-border payments, FX and multi-currency accounts
A credit union serves a defined membership in one area and does not sell international business banking.
1.0Trade, manufacturing & import-export
A credit union serves a defined membership in one area and does not sell international business banking.
1.0Foreign-owned & non-resident companies
A credit union serves a defined membership in one area and does not sell international business banking.
1.0High-risk verticals (iGaming, cannabis, adult, forex)
A credit union serves a defined membership in one area and does not sell international business banking.

Sources

Built on public information and the BankStore team's own aggregated experience; no confidential client or partner data. Bank Index and BankStore are not banks. This is information, not financial advice.