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 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.

Mission Statement

Mission Statement

Empowering the pursuit of financial happiness.

Board of Directors & Officers

2020 Board of Directors and Officers


William Ehritz

Vincent Gorman
Vice Chairman


Gene Auman

Peter Hance

Stephen Besz

Gary Matika

Ritchey Ricci


Eric Schantzenbach


Stephen Siessmayer

Supervisory Committee

2019-20 Supervisory Committee

Steven Farnesi

Julie Moakley

James Steele

James Steele

Sundar Vedantham

Senior Management Team

Senior Management Team

Donna LoStocco
President and Chief Executive Officer


Kevin Brown
Chief Lending Officer

John Melcher
Chief People Officer

Kim Murray
Chief Financial Officer

Tricia Szurgot
Chief Operating Officer


Steven Kunkel
Vice President
Enterprise Risk Management

Steve Mertz
Vice President
Business & Retail Lending

Karla Trumbauer
Vice President
Information Technology

Annual Report

2019 Annual Report featuring Images drawn by Children
2019 Annual Report featuring Images drawn by Children
2019 Annual Report featuring Images drawn by Children


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.