Lehigh Valley Educators Credit Union came into existence on January 19, 1934, chartered in the State of Pennsylvania as a State Credit Union. Its purpose was to promote thrift among its members and make available a means of credit for provident and productive purposes. The original field of membership consisted of: Teachers, employees of the credit union and members of their families. In the beginning, our membership was serviced in a total manual and volunteer operation with very little exposure. Today our credit union supports a sizable full-time staff and serves our membership through two full service locations: 3720 Hamilton Blvd in Allentown and 4031 Independence Drive in Schnecksville.
From a small, volunteer operation, we have grown to a membership in excess of 15,000. Total credit union assets are in excess of $260 million dollars and we offer a full range of financial services.
LVECU is one of the nearly 11,000 cooperative credit unions in the United States. It is regulated by The National Credit Union Administration (NCUA), an agency of the U.S. Government. Its membership is limited to the groups of persons having a common bond of occupation or association. LVECU has no capital stock and no absentee owners. The members have the only claim on the assets. After expenses have been paid, most remaining funds are distributed to the members in the form of dividends. More than 70 million Americans belong to a credit union.
Board of Directors
William Ayers - President
Gary Fedorcha - Vice President
Eugenia Emert - Secretary
Robert Bold
Daniel Joseph
Robert Maza
Gary Phillips
Carmen Riola
Daniel Weaver
Supervisory Committee
William Killgore - Chairman
Barbara Bold
Richard Cruse
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