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Local 229 Ibew Credit Union

Overview
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Local 229 Ibew Credit Union is a federal credit union based in York, Pennsylvania. It has been opened since 1955, for 65 years.

With around $1,580,000 in assets, Local 229 Ibew Credit Union is considered to be a small credit union.

About
Address 555 Willow Springs Lane
York, Pennsylvania 17406
Phone (717) 854-5254
Fax (717) 845-6058
CEO Veda L. Reider
President of the Board Blaine Ferree
Services Offered
Map
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Score Card
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65 years
Years in business
Opened in 1955
Well Capitalized
Net worth classification
Source: NCUA
507 members
Membership type: Associational – other than faith or fraternal based
Below average number of members
507:1
Credit union member to staff ratio
507 per each FTE employee
Compared to 411:1 nationally
Less staff than other credit unions
$1,580,485
Total assets
Below average
1 branch
Compared with an average of 4 nationally and 3 in Pennsylvania
Average number of branches
0.03%
Savings interest rate
Compared to 0.3% nationally
Branches
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1 branch
Compared with an average of 4 nationally and 3 in Pennsylvania
Average number of branches
Local 229 Ibew Credit Union Branch Locations

Local 229 Ibew Federal Credit Union
555 Willow Springs Lane
York, Pennsylvania 17406
No ATM
Members
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507 members
Membership type: Associational – other than faith or fraternal based
Below average number of members

With 507 members, the Local 229 Ibew Credit Union is considered to be a very small credit union. It is among the smallest credit unions and is smaller than 90% of credit unions.

Fees
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$30
Average fee per member
The average fee per member at the Local 229 Ibew Credit Union is $30, which is low compared to most credit unions. This rate is lower than 66% of all credit unions.
Fees are lower 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 Local 229 Ibew Credit Union. Some credit unions tend to charge more fees, while others charge less.

Staff
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507:1
Credit union member to staff ratio
507 per each FTE employee
Compared to 411:1 nationally
Less staff than other credit unions
1 staff members
FTE (full-time equivalent)
0% of employees are part-time
1 full-time, 0 part-time

Local 229 Ibew Credit Union has 1 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. Local 229 Ibew Credit Union has around 507 members per staff, a high ratio compared to other credit unions.

Assets
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$1,580,485
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.
8.0%
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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$9,556
Average loan and lease size
Loan & lease sizes are average sized. They are bigger than at 45% of credit unions.

Local 229 Ibew Credit Union holds a total of $1,200,000 in loans and leases, which is about $9,556 per member on average.

Savings interest rate
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0.03%
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. Local 229 Ibew Credit Union pays 0.03%.

Loan rates
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11.00%
Unsecured non-credit card loan interest rate
Compared to 11.2% nationally
Car loan rates
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3.50%
New car loan rate
Compared to 4.0% nationally
4.50%
Used car loan rate
Compared to 5.2% nationally
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