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 are 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.
Empowering the pursuit of financial happiness.
Board of Directors & Officers
Board of Directors and Officers
Associate Board of Directors
We’d also like to recognize our past volunteer Board Directors. Their unwavering support, leadership, and guidance have helped pave our path to success. We thank them for their dedication and commitment to our mission, members, employees, and communities we proudly serve. Click here to view those who have lead and served us throughout our history.
Executive Leadership Team
Executive Leadership Team
President and Chief Executive Officer
Chief Experience Officer
Chief Lending Officer
Chief Strategy Officer
Chief Financial Officer
Chief Information Officer
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 1980s, 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 1980s, 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 Catasauqua Area Federal Credit Union. With this continued expansion, offices in Easton, Lehighton, and Kutztown were added. Organic growth continued into the 2010's and 20's with new locations opening in Emmaus, Whitehall, Trexlertown, and Downtown Allentown.
Today, First Commonwealth is the largest credit union in the Lehigh Valley with 11 financial centers serving more than 70,000 members and 1,300 employer groups.
Thank you to all of our past volunteer Board Directors. Their unwavering support, leadership, and guidance have helped pave our path to success. We thank them for their dedication and commitment to our mission, members, employees, and communities we proudly serve. Click here to view those who have lead and served us throughout our history