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800-220-3193
1974 Sproul Rd Ste 300
Broomall, PA 19008

Franklin Mint Credit Union is headquartered in Broomall and is the 9th largest credit union in the state of Pennsylvania. It is also the 260th largest credit union in the nation. It was established in 1970 and as of March of 2014, it had grown to 276 employees and 77,148 members. Franklin Mint Credit Union's savings rates are 4X the national average, and it has a B+ health rating.

Field of Membership Restrictions

Must be an employee of any of their partner organization. Also open to those who live, work, worship, volunteer or attend school in any of the following locales: Borough of West Chester, City of Chester, selected areas in Norristown and Southeastern Delaware County. - See Details

Reviews (2)

Whole Bank

I applied for an auto loan an have been running back and forth all just to get declined after being told if I bring this document and this document you will get the amount needed. Biggest load of crap ever fed to me instant approval is a joke just to make you do work and go crazy because you get approved than told to bring in proof of income then when you do because of minus 7 hrs you get denied sorry I had to go to the doctor and then the car you already paid insurance for gets sold and you get a sorry bring back another stub an a vsa and you'll get approved for the amount you need ha so your telling me a new car is worth 13000 dollars I'm not taking out a loan to get junk I'm taking it out to get something I want if I'm gonna be in debt I'm gonna do it in what I want not a pos. The bank is incompetent un caring ignorant and possibly challenged for they know nothing about their job which is to read a computer screen. I wouldn't be as mad if they would have told me no in the beginning instead of waisting a month of my life. Stay clear away of Springfield branch sad sad people.

A local gem

I have been a member since moving to my area in 1991, and would bank no where else. Since that time, I have purchased numerous cars and three homes; each time the loan/mortgage experience has been very easy. Fees are very reasonable or absent altogether. Employee retention seems very high at the credit union, and I like the fact that I know them and they know me when I bank at the credit union. There are several convenient locations (some of which are open on the weekend) throughout the county. I live in Media, PA ("Everybody's Hometown") and feel that banking at the credit union is part of that hometown experience.



Health

Data for Q1 2014

Institution Health

B+

Texas Ratio

GRADE:
A+

The Texas Ratio is an indicator of how much capital a bank has available compared to the total value of loans considered at risk. As of March 31, 2014 Franklin Mint Credit Union had $4.12 million in non-current loans and owned real-estate with $66.4 million in equity and loan loss allowances on hand to cover it. This gives Franklin Mint Credit Union a Texas Ratio of 6.21% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
C+

The Texas Ratio for Franklin Mint Credit Union experienced no significant changes from 6.63% as of March 31, 2013 to 6.21% as of March 31, 2014, resulting in a positive change of 6.34%.This indicates that the balance sheet and financial strength for Franklin Mint Credit Union has had no significant changes in recent periods.

Deposit Growth

GRADE:
A

In the past year, Franklin Mint Credit Union has increased its total deposits by $36.32 million, resulting in 4.8% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth Franklin Mint Credit Union has shown is excellent.

Capitalization

GRADE:
C-

Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. Franklin Mint Credit Union has $868.54 million in assets with $66.4 million in equity, resulting in a capitalization level of 7.65%, which is below average.

Institution Statistics

Overall
NCUA #20042
Year Chartered1970
Employees276
Primary Regulator
Assets and Liabilities
Assets$868.54 million
Loans$569.28 million
Deposits$793.38 million
Equity Capital$60.34 million
Loan Loss Allowance$6.07 million
Unbacked Noncurrent Loans$4.02 million
Real Estate Owned$107,000
Historic Data - March 2013
Assets$838.59 million
Equity Capital$63.07 million
Loan Loss Allowance$5.06 million
Unbacked Noncurrent Loans$4.02 million
Real Estate Owned$0
Profit Margin - Quarterly
Net Interest Margin0.99%
Return on Assets0.42%
Return on Equity6%
Interest Income$7.77 million
Rates

Always verify rates and promotions with the bank or credit union. We are not Franklin Mint Credit Union, we are a rate comparison website and can not provide official rates or promotions.

Franklin Mint Credit Union Savings Account Rates

DetailsAPYMINMAXPRODUCT
2.00%-$500Super Saver Savings
2.00%-$2,500HolidayEClub
2.00%-$2,500VacationEClub
0.30%--IRA Savings Account
0.30%--Roth Conversion IRA Savings Account
0.30%--Roth IRA Savings Account
0.30%--Coverdell Education Savings Account
0.10%--Statement Savings
0.10%--Start Smart Statement Savings
0.10%--Holiday Club
0.10%--Vacation Club

Franklin Mint Credit Union Money Market Rates

DetailsAPYMINMAXPRODUCT
0.40%$100k-Money Market Account

Franklin Mint Credit Union Checking Account Rates

DetailsAPYMINMAXPRODUCT
0.20%$50k-Performance Checking
0.10%$100-Checking Plus

Franklin Mint Credit Union CD Rates

DetailsAPYMINMAXPRODUCT
1.75%$500-60 Month CD
1.75%$250-60 Month Start Smart CD
1.25%$500-60 Month Take Control CD
1.25%$250-60 Month Smart Start Take Control CD
1.00%$500-48 Month CD
1.00%$250-48 Month Start Smart CD
0.90%$500-36 Month CD
0.90%$250-36 Month Start Smart CD
0.80%$500-30 Month CD
0.80%$250-30 Month Start Smart CD
0.70%$500-24 Month CD
0.70%$250-24 Month Start Smart CD
0.60%$500-18 Month CD
0.60%$500-24 Month Bump CD
0.60%$250-18 Month Start Smart CD
0.60%$250-24 Month Start Smart Bump CD
0.40%$500-12 Month CD
0.40%$500-15 Month CD
0.40%$250-12 Month Start Smart CD
0.40%$250-15 Month Start Smart CD
0.30%$500-9 Month CD
0.30%$250-9 Month Start Smart CD
0.25%$500-6 Month CD
0.25%$250-6 Month Start Smart CD
0.20%$500-3 Month CD
0.20%$250-3 Month Start Smart CD

Franklin Mint Credit Union IRA Rates

DetailsAPYMINMAXPRODUCT
1.75%$500-60 Month IRA
1.25%$500-60 Month Take Control IRA
1.00%$500-48 Month IRA
0.90%$500-36 Month IRA
0.80%$500-30 Month IRA
0.70%$500-24 Month IRA
0.60%$500-18 Month IRA
0.60%$500-24 Month Bump IRA
0.40%$500-12 Month IRA
0.40%$500-15 Month IRA
0.30%$500-9 Month IRA
0.25%$500-6 Month IRA
0.20%$500-3 Month IRA
Locations

Franklin Mint Credit Union has 37 locations. Click to view all Franklin Mint Credit Union locations.