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Erie Times Credit Union

Overview
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Erie Times Credit Union is a federal credit union based in Erie, Pennsylvania. It has been opened since 1935, for 85 years.

With around $5,780,000 in assets, Erie Times Credit Union is considered to be a small credit union.

About
Address 335 Metz Street
Erie, Pennsylvania 16508
Website http://www.erietimesfcu.com
Phone (814) 459-0853
Fax (814) 453-3099
CEO Darlene M. Spitzer
President of the Board Anthony Sanfilippo
Services Offered
Map
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Score Card
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85 years
Years in business
Opened in 1935
Well Capitalized
Net worth classification
Source: NCUA
1,146 members
Membership type: Multiple common bond – primary communications and utilities
Below average number of members
382:1
Credit union member to staff ratio
382 per each FTE employee
Compared to 411:1 nationally
Average number of staff
$5,778,606
Total assets
Below average
1 branch
Compared with an average of 4 nationally and 3 in Pennsylvania
Average number of branches
0.02%
Savings interest rate
Compared to 0.3% nationally
11.50%
Unsecured credit card loan interest rate
Compared to 10.8% nationally
Branches
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1 branch
Compared with an average of 4 nationally and 3 in Pennsylvania
Average number of branches
Erie Times Credit Union Branch Locations
Members
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1,146 members
Membership type: Multiple common bond – primary communications and utilities
Below average number of members

With 1,146 members, the Erie Times Credit Union is considered to be a small credit union. It is smaller than 78% of credit unions.

Fees
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$45
Average fee per member
The average fee per member at the Erie Times Credit Union is $45, which is comparable to most credit unions. This rate is lower than 53% of all credit unions.
Fees are 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 Times Credit Union. Some credit unions tend to charge more fees, while others charge less.

Staff
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382:1
Credit union member to staff ratio
382 per each FTE employee
Compared to 411:1 nationally
Average number of staff
3 staff members
FTE (full-time equivalent)
0% of employees are part-time
3 full-time, 0 part-time

Erie Times Credit Union has 3 full-time staff members and 0 part-time staff members.

The number of members relative to staff members is an indication of how well staffed the credit union is. Erie Times Credit Union has around 382 members per staff, an average ratio compared to other credit unions. This is a somewhat well staffed credit union.

Assets
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$5,778,606
Total assets
Below 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.
17.3%
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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$2,460
Average loan and lease size
Loan & lease sizes are very small. They are smaller than at 97% of credit unions.

Erie Times Credit Union holds a total of $840,000 in loans and leases, which is about $2,460 per member on average.

Savings interest rate
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0.02%
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 Times Credit Union pays 0.02%.

Loan rates
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11.50%
Unsecured credit card loan interest rate
Compared to 10.8% nationally
9.50%
Unsecured non-credit card loan interest rate
Compared to 11.2% nationally
13.00%
Other secured non-real estate loans and lines of credit interest rate
Compared to 5.3% nationally
Car loan rates
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3.75%
New car loan rate
Compared to 4.0% nationally
5.50%
Used car loan rate
Compared to 5.2% nationally
Mortgage rates
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5.00%
Mortgage rate (secured by 1st lien)
Compared to 3.3% nationally
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