I B E W Local 56
I B E W Local 56 is a credit union based in Erie, Pennsylvania, established in 1961, with $11 million in total assets serving 1,544 members. By Trust Grade it ranks 52nd of 271 credit unions we track in Pennsylvania. Its net worth ratio of 12.5% trails most similarly sized credit unions (37th percentile), versus a Pennsylvania median of 13.2%. It was profitable over the most recent period, with a 1.15% return on assets. No consumer complaints against I B E W Local 56 appear in the CFPB database over our analysis window — common for an institution of this size and a point in its favor.
How I B E W Local 56 compares to Pennsylvania peers
How we graded I B E W Local 56
The Trust Grade blends financial strength with complaint history. Full methodology →
- Strongly capitalized (12.5% capital ratio)
- Strongly profitable (ROA 1.15%)
- No CFPB complaints on record
Consumer complaints (CFPB)
No CFPB complaints are on file for I B E W Local 56 over the analysis window. For a smaller institution this is common and counts in its favor.
Are deposits at I B E W Local 56 insured?
Yes. I B E W Local 56 is an NCUA-insured credit union. Deposits are federally insured up to $250,000per depositor, per ownership category — regardless of this institution's Trust Grade. The grade reflects financial strength and complaint history for comparison, not the safety of insured deposits.
I B E W Local 56: frequently asked questions
Is I B E W Local 56 a good credit union?
I B E W Local 56 earns a Bankzia Trust Grade of A (98/100, "Excellent"), based on a financial-strength score of 98/100 (it has no CFPB complaints on record). Strongly capitalized (12.5% capital ratio); Strongly profitable (ROA 1.15%).
Is I B E W Local 56 NCUA-insured?
Yes. I B E W Local 56 is a NCUA-insured credit union. Deposits are protected up to the standard NCUA limit of $250,000 per depositor, per ownership category.
How big is I B E W Local 56?
I B E W Local 56 holds $11 million in total assets, ranking 52nd of 271 credit unions we track in Pennsylvania. It serves 1,544 members.
Does I B E W Local 56 have CFPB complaints?
No CFPB complaints against I B E W Local 56 appear in our data over the analysis window, which is typical for a credit union of this size.
Similar Credit Unions
Financial data from NCUA call reports; complaint data from the CFPB Consumer Complaint Database. Bankzia is an independent resource and is not affiliated with any government agency or financial institution. Figures are for general information, not financial advice.
