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Erie Credit Union

Overview
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Erie Credit Union is a federal credit union based in Erie, Pennsylvania. It has been opened since 1936, for 84 years.

With around $492,470,000 in assets, Erie Credit Union is considered to be a very large credit union. It has 11 branches and 11 ATM locations.

About
Address 3503 Peach Street
Erie, Pennsylvania 16508
Website http://www.eriefcu.org
Phone (814) 825-2436
Fax (814) 897-2363
CEO Brian Waugaman
President of the Board Jim Lazan
Services Offered
Map
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Score Card
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84 years
Years in business
Opened in 1936
Well Capitalized
Net worth classification
Source: NCUA
59,954 members
Membership type: Community credit union
Above average number of members
361:1
Credit union member to staff ratio
361 per each FTE employee
Compared to 411:1 nationally
Average number of staff
$492,468,515
Total assets
Above average
11 branches
Compared with an average of 4 nationally and 3 in Pennsylvania
Above average number of branches
0.25%
Savings interest rate
Compared to 0.3% nationally
8.90%
Unsecured credit card loan interest rate
Compared to 10.8% nationally
Branches
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11 branches
Compared with an average of 4 nationally and 3 in Pennsylvania
Above average number of branches
Erie Credit Union Branch Locations

Erie Credit Union: Zuck Road
5500 Zuck Road
Erie, Pennsylvania 16506
ATM Available
Erie Credit Union: State Street
518 State Street
Erie, Pennsylvania 16501
ATM Available
Erie Credit Union: West 32nd Street Office
1220 W. 32nd Street
Erie, Pennsylvania 16508
ATM Available
Erie Credit Union: Glenwood Facility
3503 Peach Street
Erie, Pennsylvania 16508
ATM Available
Erie Credit Union: 38th Street
1109 E. 38th Street
Erie, Pennsylvania 16504
ATM Available
Erie Credit Union: Buffalo Road
2436 Buffalo Road
Erie, Pennsylvania 16510
ATM Available
Erie Credit Union: Bayfront
1005 Greengarden Road
Erie, Pennsylvania 16501
ATM Available
Erie Credit Union: Glenwood Branch
3503 Peach Street
Erie, Pennsylvania 16508
ATM Available
Erie Credit Union: Lord Corp
2455 Robison Road W.
Erie, Pennsylvania 16509
ATM Available
Erie Credit Union: Edinboro
101 Washington Towne Boulevard North
Edinboro, Pennsylvania 16412
ATM Available
Erie Credit Union: Walmart Office
1825 Downs Drive
Erie, Pennsylvania 16509
ATM Available
Members
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59,954 members
Membership type: Community credit union
Above average number of members

With 59,954 members, the Erie Credit Union is considered to be a very large credit union. It is among the largest of credit unions and is larger than 92% of credit unions.

Fees
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$75
Average fee per member
The average fee per member at the Erie Credit Union is $75, which is high compared to most credit unions. This rate is higher than 70% of all credit unions.
Fees are higher than average

Credit unions, like banks, charge members various fees, such as overdraft fees, ATM fees, credit card fees, inactivity or dormat account fees, and more.

The average fee per member gives you a general sense of how much you might pay in fees as a member of the Erie Credit Union. Some credit unions tend to charge more fees, while others charge less.

Staff
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361:1
Credit union member to staff ratio
361 per each FTE employee
Compared to 411:1 nationally
Average number of staff
166 staff members
FTE (full-time equivalent)
1% of employees are part-time
165 full-time, 2 part-time

Erie Credit Union has 165 full-time staff members and 2 part-time staff members. The staff is predominantly comprised of full-time staff, at approximately 99% of the workforce.

The number of members relative to staff members is an indication of how well staffed the credit union is. Erie Credit Union has around 361 members per staff, an average ratio compared to other credit unions. This is a somewhat well staffed credit union.

Assets
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$492,468,515
Total assets
Above average
Net worth
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Well Capitalized
Net worth classification
Source: NCUA
A well capitalized credit union has a net worth ratio of 7% or greater and also meets applicable risk-based net worth requirements, according to the National Credit Union Administration.
11.4%
Net worth ratio
A higher net worth ratio is better.
Compared to an average of 13.6% nationally

A credit union's net worth ratio is one of the most important metrics you should consider when deciding whether to join a credit union. Why? It's a measure of financial strength

The net worth ratio is equal to a credit union's net worth divided by its assets. According to the National Credit Union Administration, a minimum net worth ratio of 7% is required to be considered to be a well capitalized credit union.

Loans & leases
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$10,617
Average loan and lease size
Loan & lease sizes are average sized. They are bigger than at 55% of credit unions.

Erie Credit Union holds a total of $287,320,000 in loans and leases, which is about $10,617 per member on average.

Savings interest rate
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0.25%
Savings interest rate
Compared to 0.3% nationally

A credit union share account is an account at a credit union. It's called a share account because the credit union is member owned and as a result, members own shares in the credit union.

A share savings account pays you interest on your savings, similar to a savings account at a bank. The interest you receive can vary. Erie Credit Union pays 0.25%.

Loan rates
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8.90%
Unsecured credit card loan interest rate
Compared to 10.8% nationally
12.00%
Unsecured non-credit card loan interest rate
Compared to 11.2% nationally
4.25%
Other secured non-real estate loans and lines of credit interest rate
Compared to 5.3% nationally
Car loan rates
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4.35%
New car loan rate
Compared to 4.0% nationally
5.35%
Used car loan rate
Compared to 5.2% nationally
Mortgage rates
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5.00%
Mortgage rate (secured by junior lien)
Compared to 3.4% nationally
4.75%
Mortgage rate (secured by 1st lien)
Compared to 3.3% nationally