Credit union · NCUA insured
IBEW Local 56 Federal Credit Union Auto Loan Rates
IBEW Local 56 Federal Credit Union auto loans start at 4.75% APR for a new vehicle and 5.40% for a used one. Rates checked October 16, 2026.
How IBEW Local 56 Federal Credit Union’s auto loan rates compare
Compared with banks and credit unions near Erie, PA, where IBEW Local 56 Federal Credit Union has the most branches. New vehicle, lowest advertised APR first.
This credit union’s lowest
IBEW Local 56 Federal Credit Union
4.75%APR
- Terms
- up to 60 months
New Vehicle Loans - All Automobiles, Trucks, Motorcycles and Motor Homes (2024 Model Year and Newer)
Lowest rate
Americo FCU
4.49%APR
- Terms
- up to 60 months
2nd-lowest rate
Tri State Rail Federal Credit Union
4.49%APR
- Terms
- 49–60 months
IBEW Local 56 Federal Credit Union auto loan score
82
Auto loan score
Higher than 61% of U.S. banks and credit unions
- New vehicleNew4.75%
- Used vehicleUsed5.40%
Each track runs from the highest to the lowest rate among U.S. banks and credit unions; the dot is this rate.
Where IBEW Local 56 Federal Credit Union ranks
By auto loan score, in each area where it has branches
Every rate
Current auto loan rates
Rates from the credit union’s website. Most are “as low as” rates for the best credit; yours depends on your credit, the term and the vehicle.
Financing Statement Loan
For untitled boats, vehicles, snowmobiles, etc. Rate 7.25%-11.25% APR (based on value financed and term). 5% share balance required during loan life. Insurance required. Max terms depend on value.
| Terms | APR | Conditions |
|---|---|---|
| — | 7.25%–11.25% | Rates determined by value of item, percent financed, and time to be financed. |
Sources (1)
- ibew56fcu.org/loans/financing-statement · captured Oct 7, 2026
New Other Titled Vehicles
Effective 2026-05-21. Boats, trailers, ATVs, etc. New vehicles never titled. Limit 95% MSRP. Normal lending criteria apply.
| Terms | APR | Conditions |
|---|---|---|
| up to 24 months | 6.40% | 24 Months term. |
| up to 36 months | 6.65% | 36 Months term. |
| up to 48 months | 6.90% | 48 Months term. |
| up to 60 months | 7.15% | 60 Months term. |
| up to 72 months | 7.65% | 72 Months term. |
Sources (1)
- ibew56fcu.org/loans/vehicles · captured Oct 7, 2026
New Vehicle Loans - All Automobiles, Trucks, Motorcycles and Motor Homes (2024 Model Year and Newer)
For 2024 Model Year and Newer Vehicles. Loan limit is 90% of Manufacturers Suggested Retail Price or J.D. Power NADA suggested retail value (up to 100% financing available). Minimum $25 in shares required to apply. Other rates, terms, and limits apply depending on lending criteria, down payment, vehicle value, and model year. High mileage surcharge applies if vehicle mileage exceeds 15,000 miles per model year. Proof of fire, theft, and collision insurance with a $1,000 deductible and loss payable clause to the Credit Union required.
| Terms | APR | Conditions |
|---|---|---|
| up to 24 months | 4.10% | — |
| up to 36 months | 4.40% | — |
| up to 48 months | 4.55% | — |
| up to 60 months | 4.75% | — |
| up to 72 months | 5.10% | — |
| up to 84 months | 5.50% | — |
Sources (2)
All captured Oct 7, 2026
Used Other Titled Vehicles
2020 and newer. Boats, trailers, ATVs, etc. Limit 95% NADA book value. Surcharge APR additions apply as per used vehicles.
| Terms | APR | Conditions |
|---|---|---|
| up to 24 months | 6.90% | 24 Months term. |
| up to 36 months | 7.15% | 36 Months term. |
| up to 48 months | 7.40% | 48 Months term. |
| up to 60 months | 7.65% | 60 Months term. |
| up to 72 months | 8.15% | 72 Months term. |
Sources (1)
- ibew56fcu.org/loans/vehicles · captured Oct 7, 2026
Used Vehicle Loans - All Automobiles, Trucks, Motorcycles and Motor Homes
Loan limit is 95% of J.D. Power NADA Average Retail Value. Base rates apply to Model Year 2020 - 2023 vehicles. Rate add-ons apply for older model years: Model Year 2018-2019: Add 0.75% APR; Model Year 2016-2017: Add 1.25% APR; Model Year 2014-2015: Add 2.25% APR; Model Year 2012-2013: Add 2.75% APR; Model Year 2011 & Older: Add 3.25% APR. Minimum $25 in shares required to apply. Proof of fire, theft, and collision insurance with a $1,000 deductible and loss payable clause to the Credit Union required.
| Terms | APR | Conditions |
|---|---|---|
| up to 24 months | 4.80% | Model Year 2020 - 2023 Vehicles base rate |
| up to 36 months | 4.95% | Model Year 2020 - 2023 Vehicles base rate |
| up to 48 months | 5.20% | Model Year 2020 - 2023 Vehicles base rate |
| up to 60 months | 5.40% | Model Year 2020 - 2023 Vehicles base rate |
| up to 72 months | 5.70% | Model Year 2020 - 2023 Vehicles base rate |
Sources (2)
All captured Oct 7, 2026
Who can join IBEW Local 56 Federal Credit Union
This may be incomplete or out of date, so check with the credit union before you apply.
Employers and groups
- Employees of I.B.E.W. Local #56, Stroehmann Bakery, Advanced Business Systems, Birkmire Transportation Services, Signal-Tech, Metro Health Center, Advanced Protection Services, A-1 Automotive, AAA West Penn/Erie County, Furman Enterprises, Inc., and West Erie County Democratic Committe are eligible for membership.
Family and household
- Family members (defined as spouse, children, parent, grandparent, grandchildren, sister, and brother) of a current member are eligible for membership.
Cost to join
- A $0.25 membership fee is required.
- A minimum balance of $25.00 is required within 6 months to maintain membership.
Membership information collected October 5, 2026.