About Us

First Commonwealth is a consumer-friendly alternative to banking. We offer all the services you're accustomed to, but at better rates and lower fees. That's because we're structured differently than banks. Banks are in business to earn profits for their stockholder investors. Our credit union exists to improve your financial well being. We don't have stockholders. Instead, we're cooperatively owned by our members (account holders). We return our profits to you in the form of higher dividends on savings, lower rates on loans and lower fees. 

First Commonwealth is federally chartered by the National Credit Union Administration. We're governed by a member-elected, volunteer board of directors.  

Safe, Sound, Secure

Your money is safe at First Commonwealth Federal Credit Union. We have a consistent and stable financial history. Your savings is insured up to $250,000 by the National Credit Union Share Insurance Fund. To enhance this benefit, First Commonwealth has purchased an additional $250,000 of coverage per savings account for our members, insuring members' savings accounts for up to $500,000.

96.8% Overall Satisfaction Rating

That's the latest score we received in an independent, 2016 Raddon Financial Group Member Survey. In addition to better rates and lower fees, you'll find excellent and friendly service, as well!

Mission Statement

Mission Statement

Empowering the pursuit of financial happiness.

Board of Directors & Officers

2018-19 Board of Directors and Officers

Vincent Gorman

Stephen Siessmayer
Vice Chairman

William Ehritz

Peter Hance

Gene Auman

Stephen Besz

Myrna Rivera

Gary Matika

Ritchey Ricci

Supervisory Committee

2018-19 Supervisory Committee

Eric Schantzenbach

Steven Farnesi

Julie Moakley

Sundar Vedantham

James Steele
James Steele

Senior Management Team

Senior Management Team

Donna LoStocco
President and
Chief Executive Officer

John Miller, CFA
Chief Operating Officer

Tricia Szurgot
Chief Marketing and
Experience Officer


Kim Murray
Chief Financial Officer


Kevin Brown
Chief Lending Officer


Steven Kunkel
Vice President
Enterprise Risk Management


Karla Trumbauer
Vice President
Information Technology


Ivan Orrego
Vice President
Member Experience


John Melcher
Vice President
Human Resources

Annual Report

2018 Annual Report Cover
2018 Annual Report Cover
2018 Annual Report Cover


In 1959, the credit union was chartered to serve the employees of Western Electric in Allentown, Pa. Back then, we were called WeAllen Federal Credit Union. Services included loans up to $200 and basic savings accounts. The office was located in the basement of the Western Electric building on Union Boulevard and had very limited hours of operation. 

In the 1980's, we greatly expanded our product and service offerings, and opened membership up to the employees of other companies in the Lehigh Valley. As we grew, so did the number of  our locations. During the 1980's, we built our own headquarters on Union Boulevard in Allentown.  In the 1990's we changed our name to First Commonwealth to better represent our diverse membership and opened our Fogelsville and Bethlehem offices.
Since the new millennium, several smaller credit unions have been merged into First Commonwealth: Atlas Federal Credit Union, Dixie Cup Employees Federal Credit Union, NorCar Federal Credit Union, PADUA Federal Credit Union and Catasaqua Area Federal Credit Union . With this continued expansion, offices in Easton, Lehighton and Kutztown have been added. Additionally, we now serve over 800 companies and their employees. 

Today, First Commonwealth is the largest credit union in the Lehigh Valley. Our full-service menu includes everything from checking accounts and debit cards to mortgages and online banking.