1st Ed Credit Union

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A short history of 1st Ed CU

Since its inception in 1938 the 1st Ed Credit Union has been serving its members in the Chambersburg, Pennsylvania area with exceptional financial products. You can find their current interest rates on used car loans, new car loans, 1st mortgage loans and interest rates on both fixed and adjustable mortgages here on these pages. Currently led by Kelly Childress, the 1st Ed CU has grown its membership to over 6,599 with assets of more than $122,465,113. They have a main office and 1 branch offices. Please see the credit unions website or contact them by phone at (717) 264-6506 or email them at msr@1edcu.org to get exact details . There are many other credit unions in the local area. See them all here. Credit Unions in Chambersburg, PA.

General Information For 1st Ed CU was taken from their 6/30/2017 quarterly report, which is the most current available public information.

Charter Number 65412
Address 1156 Kennebec Dr 
City Chambersburg 
State Pennsylvania 
Zip-Code 17201
Phone Number (717) 264-6506
Fax Number (717) 264-2441
Email Address: msr@1edcu.org
CEO/President Kelly Childress
Members 6,599 
Full-Time Employees 21 
Part-Time Employees
Number of Branch Offices
Total Assets 122,465,113 
Website http://www.1edcu.org 

Compare 1st Ed Credit Union To Other Local Credit Unions

Credit Union Name
Branch Name
Zip Code
Phone Number
ATM Access
Distance (Miles)
Patriot CU Lincoln Highway East 1536 Lincoln Way E 17201 (717) 263-4444 No 0.98
Neighbors 1st CU Main-626 N Grant St 626 N Grant St 17268 (717) 762-8431 No 12.33
Bull Dog CU Main Office 580 Northern Ave 21742 (301) 797-6318 No 18.57
Washington County Teachers CU Main Office 19638 Leitersburg Pike 21742 (301) 790-3131 No 21.24
M B F T CU MBFT FEDERAL CREDIT UNION 1 Poplar St 21788 (301) 271-5722 No 25.35

1st Ed Credit Union Financial Performance Charts

Performance Charts

Website Image

Financial Data

1st Ed Credit Union Lowest Loan Rates With State and USA Rankings

Unsecured Credit Card New Car Loans Used Car Loans 1st Mortgage Loans Other Real Estate
Rate 8.90 2.25 3.25 3.50 3.00
Mean Rate For All USA Based Credit Unions 10.56 3.72 5.00 4.48 4.95
Rank Among All USA Credit Unions 151 57 120 72 27
Rank Among All Pennsylvania Credit Unions 20 16 35 15 9

1st Ed Credit Union Highest Deposit Rates With State and USA Rankings

Checking Regular Savings Money Market Certificates of Deposits IRA/KEOGH
Rate 0.05 0.15 0.15 0.35 0.20
Mean Rate For All USA Based Credit Unions 0.19 0.26 0.29 0.73 0.66
Rank Among All USA Credit Unions 125 119 124 293 271
Rank Among All Pennsylvania Credit Unions 16 32 25 81 60
1st Ed Credit Union Loans and Leases

Interest Rate Number of Loans Amount
Unsecured Credit Card Loans 8.9001,5443,737,801
All Other Unsecured Loans/Lines of Credit 6.9504822,349,676
Short-Term, Small Amount Loans (STS) (Federal CU Only) 0.00000
Non-Federally Guaranteed Student Loans 5.25041771,947
New Vehicle Loans 2.2501531,965,877
Used Vehicle Loans 3.2505956,230,341
Total 1st Mortgage Real Estate Loans/Lines of Credit 3.5002079,874,767
Total Other Real Estate Loans/Lines of Credit 3.00061723,531,353
Leases Receivable 0.00000
Total All Other Loans/Lines of Credit 4.900157826,727
TOTAL LOANS & LEASES 3,79649,288,489

1st Ed Credit Union Real Estate Loans and Lines of Credit


No. of Loans Outstanding Amt of Loans Outstanding No. of Loans Granted Year- to-Date Amount Granted Year-To-Date
Fixed Rate
    a. > 15 years 152,442,95700
    b. 15 Years or less 202,039,760196,000
    a. > 15 years 6890,96700
    b. 15 Years or less 2265,24500
Other Fixed Rate 0000
Adjustable Rate 1 yr or less 1634,230,92010590,000
Adjustable Rate > 1 yr 14,91800


Closed-End Fixed Rate 31318,243,053161,327,280
Closed-End Adjustable Rate 0000
Open-End Adjustable Rate 3045,288,30026727,500
Open-End Fixed Rate 0000
TOTALS 82433,406,120532,740,780


Interest Only & Payment Option 1st Mortgage Loans 000
Interest Only & Payment Option Other RE/LOC Loans 000
    a. Federally Insured Home Equity Conversion Mortgage (HECM) 0000
    b. Proprietary Reverse Mortgage Products 0000

1st Ed Credit Union Member Offerings
First Time Homebuyer Program No
Real Estate Loans Yes
Pay Day Lending No
Share Secured Credit Cards Yes
Overdraft Protection/Courtesy Pay No
Overdraft Lines of Credit No
ATM/Debit Card Program Yes
Interest Only and Payment Option 1st Mortgage Loans No
Check Cashing Yes
Money Orders Yes
No Surcharge ATMs Yes
Home Banking Via Internet Website Yes