First Commonwealth Federal Credit Union celebrates opening of its financial center in downtown Allentown and commitment to inclusive banking with new “Banking for Good” initiative

ALLENTOWN, PA (February 18, 2021)

First Commonwealth Federal Credit Union continues to grow and invest in the Lehigh Valley with its newest financial center in downtown Allentown – and first urban retail location. The opening of its Downtown Allentown Financial Center strengthens First Commonwealth’s strategic commitment to bring inclusive access to high quality, affordable and easy-to-use banking services and financial education to communities throughout the Lehigh Valley. As the top credit union in PA, ranked #1 by Forbes, First Commonwealth is a financial services leader with deep roots in the Lehigh Valley and a steadfast commitment to putting purpose and people first.

Yesterday, First Commonwealth celebrated the opening of  its ‘Downtown Allentown Financial Center’ during a live-stream, virtual ceremony in partnership with the Greater Lehigh Valley Chamber of Commerce. Located in the heart of Downtown Allentown at 840 W. Hamilton St, the financial center boasts convenient rear parking, walk-up street-level access, expert personalized service, certified financial wellness counselors and a warm and friendly banking environment that features two ITMs (Interactive Transaction Machines), extended service hours (8 am- 8 pm) and contactless banking.

First Commonwealth has eleven Lehigh Valley  financial centers, including its Downtown Allentown and new flagship Trexlertown Financial Center featuring a dedicated Small Business Center. “We’re proud to continue to invest in the Lehigh Valley and enhance our presence in the communities we serve. As the largest credit union in the Lehigh Valley and the #1 ranked credit union in PA by Forbes, we’re changing lives and strengthening our communities every day through financial wellness and empowerment. We are thrilled to be a part of the continued revitalization of Downtown Allentown and offer an entirely new, inclusive banking experience to those who live and work in this thriving urban hub,” said Donna LoStocco, President and Chief Executive Officer of  First Commonwealth.

First Commonwealth is also a leader in Corporate Social Responsibility in the Lehigh Valley, working tirelessly to empower positive change and serve the evolving needs of diverse Lehigh Valley communities. As a not-for-profit financial cooperative owned by its more than 68,000 members, First Commonwealth recently launched its new Banking for Good initiative to bring a new level of inclusivity, access and choice to banking and financial education for consumers in the Lehigh Valley.

Banking for Good supports a more inclusive, personalized, contactless and convenient way of banking through all life’s stages while also helping the Lehigh Valley community grow and thrive. “The new Downtown Allentown Financial Center is one more way we’re living our mission of empowering the pursuit of financial happiness. Our investment in Downtown Allentown and commitment of being a founding partner in Bank On Allentown is a testament to our commitment to the community. Being a not-for-profit financial cooperative empowers us to do the right thing to help individuals, families and small business grow stronger with us, and our new Banking for Good  initiative will help us do more good for more people together,” said James Gagliano, Chief Experience Officer and head of Corporate Social Responsibility for First Commonwealth.

About First Commonwealth Federal Credit Union

First Commonwealth, headquartered in Allentown, PA, is one of the most accomplished and preeminent credit unions serving Lehigh, Northampton, and Carbon Counties in PA, and Warren County, NJ. With 12 locations and a top-tier digital banking experience, it serves 81,000 members and 2,400 companies. Since 1959, First Commonwealth has prioritized growth, innovation, technology, and friendly service. First Commonwealth has 235+ employees and over $1.2 billion in assets, operating as a member-owned, not-for-profit financial cooperative embodying purpose-driven values.


Jen L. Weaver
AVP Marketing & Member Communications
Mobile: 610-703-8852

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