History 

What is a credit union?

A credit union is a not-for-profit organization providing a range of financial services. There are over 4,500 credit unions in the United States with more than 136 million members. Credit unions are owned and operated by the members and managed by a volunteer board of directors. Membership is limited to groups of people having a common occupation or association. Their purpose is to promote thrift among the members and make credit readily available. With no stockholders, credit union profits are repaid to the members through higher savings rates, lower loan rates, lower fees, and free services.

About Us

Lehigh Valley Educators Credit Union (LVECU) was founded on January 12, 1934, as Allentown Teachers Credit Union—a state-charted credit union in Pennsylvania. The original membership base consisted of employees of the School District of Allentown, their associations, and members of their immediate families. LVECU began as a volunteer operation in the home of the earliest contributor, Edwin Clauss. From that small volunteer operation, we have grown to a membership of over 15,000, with assets around $400 million.

There have been several milestones along the way. In 1999, LVECU broke ground for a new branch located at 4031 Independence Drive in Schnecksville, PA. A few years later, the LVECU board of directors had a vision to serve educational employees of the underserved counties surrounding its offices. In the fall of 2003, LVECU expanded its field of membership to the following counties: Berks, Bucks, Carbon, Lehigh, Montgomery, Northampton, and Schuylkill. As a result of this expansion, the membership voted to change the name from Allentown Teachers Credit Union to Lehigh Valley Educators Credit Union in 2004. In 2005, the credit union moved its main office from 2900 Hamilton Boulevard, Allentown, PA, to a newly constructed building at 3720 Hamilton Boulevard, where it remains today. Presently, we are supported by a full-time staff that serves our membership through two full-service locations in Allentown and Schnecksville, PA. Members can be confident that their funds are secure because they are insured to at least $250,000 by the National Credit Union Administration (NCUA), an agency of the U.S. Government.

Board of Directors

William Ayers - President
Gary Fedorcha - Vice President
Eugenia Emert - Secretary
Daniel Joseph
Sherri Molitoris
Dennis Nemes
Gary Phillips
Ryan Van Norman 
Daniel Weaver

Mission Statement

Maintain financial soundness while empowering members to work toward financial success.

Vision Statement

To be the primary provider of financial services for the Lehigh Valley educational community.

Core Values

Our identity and service philosophy are defined by our core values, represented by the acronym LVECU. These five principles serve as a guiding framework, shaping how we view our members, the educational community, and our crucial role within it. We are dedicated and committed to providing exceptional service in every interaction, promoting positive member experiences.

We strive to exceed our members’ expectations by…

Leveraging our experience and resources to provide efficient, innovative, and reliable services.

Valuing strong, collaborative relationships with our employees and members.

Educating for financial stability and success.

Communicating clearly and positively.

Understanding and committing to our role as stewards of our members’ financial assets.