Erie Federal Credit Union

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A short history of Erie FCU

Since its inception in 1936 the Erie Federal Credit Union has been serving its members in the Erie, 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 Brian Waugaman, the Erie FCU has grown its membership to over 55,596 with assets of more than $480,047,340. They have a main office and 11 branch offices. Please see the credit unions website or contact them by phone at (814) 825-2436 or email them at to get exact details . There are many other credit unions in the local area. See them all here. Credit Unions in Erie, PA.

General Information For Erie FCU was taken from their 6/30/2017 quarterly report, which is the most current available public information.

Charter Number 1476
Address 3503 Peach St 
City Erie 
State Pennsylvania 
Zip-Code 16508
Phone Number (814) 825-2436
Fax Number (814) 897-2363
Email Address:
CEO/President Brian Waugaman
Members 55,596 
Full-Time Employees 145 
Part-Time Employees
Number of Branch Offices 11 
Total Assets 480,047,340 

Compare Erie Federal Credit Union To Other Local Credit Unions

Credit Union Name
Branch Name
Zip Code
Phone Number
ATM Access
Distance (Miles)
Erie Firefighters CU CU Office 3204 Maple St 16508 (814) 452-4898 No 0.64
Erie Times CU Credit Union Office 335 Metz St 16508 (814) 459-0853 No 1.03
I B E W Local 56 CU IBEW Local #56 Federal Credit Union 962 W 20TH ST 16502 (814) 455-2270 No 1.03
Saint Vincent Erie CU SV FCU 2314 Sassafras St Ste 100 16502 (814) 452-5742 No 1.43
Erie City Employees CU Erie City Employees F C U 5 E 34th St 16504 (814) 455-4888 No 1.46

Erie Federal Credit Union Financial Performance Charts

Performance Charts

Website Image

Financial Data

Erie Federal 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 4.24 5.24 4.25 5.00
Mean Rate For All USA Based Credit Unions 10.56 3.72 5.00 4.48 4.95
Rank Among All USA Credit Unions 151 310 355 174 229
Rank Among All Pennsylvania Credit Unions 20 111 115 53 87

Erie Federal Credit Union Highest Deposit Rates With State and USA Rankings

Checking Regular Savings Money Market Certificates of Deposits IRA/KEOGH
Rate 0.10 0.25 0.40 0.75 0.75
Mean Rate For All USA Based Credit Unions 0.19 0.26 0.29 0.73 0.66
Rank Among All USA Credit Unions 116 95 76 215 192
Rank Among All Pennsylvania Credit Unions 13 27 9 52 34
Erie Federal Credit Union Loans and Leases

Interest Rate Number of Loans Amount
Unsecured Credit Card Loans 8.9006,17813,006,809
All Other Unsecured Loans/Lines of Credit 12.0005,86717,324,955
Short-Term, Small Amount Loans (STS) (Federal CU Only) 18.00015762,714
Non-Federally Guaranteed Student Loans 0.00000
New Vehicle Loans 4.2401,35619,266,811
Used Vehicle Loans 5.2405,10650,625,563
Total 1st Mortgage Real Estate Loans/Lines of Credit 4.2501,31890,470,358
Total Other Real Estate Loans/Lines of Credit 5.00080419,810,535
Leases Receivable 0.00000
Total All Other Loans/Lines of Credit 4.0001,82027,500,347
TOTAL LOANS & LEASES 22,606238,068,092

Erie Federal 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 21433,069,385516,063,124
    b. 15 Years or less 1,10457,400,973936,081,876
    a. > 15 years 0000
    b. 15 Years or less 0000
Other Fixed Rate 0000
Adjustable Rate 1 yr or less 0000
Adjustable Rate > 1 yr 0000


Closed-End Fixed Rate 2705,240,41130795,756
Closed-End Adjustable Rate 0000
Open-End Adjustable Rate 53414,570,124542,923,200
Open-End Fixed Rate 0000
TOTALS 2,122110,280,89322815,863,956


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

Erie Federal Credit Union Member Offerings
First Time Homebuyer Program Yes
Real Estate Loans Yes
Pay Day Lending Yes
Share Secured Credit Cards No
Overdraft Protection/Courtesy Pay Yes
Overdraft Lines of Credit Yes
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