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Philadelphia Federal Credit Union

Based on 3 reviews
Overview / Commentary
215-934-3500
12800 Townsend Rd
Philadelphia, PA 19154-1003

Philadelphia Federal Credit Union is headquartered in Philadelphia and is the 8th largest credit union in the state of Pennsylvania. It is also the 243rd largest credit union in the nation. It was established in 1951 and as of March of 2014, it had grown to 233 employees and 111,668 members. Philadelphia Federal Credit Union has a B+ health rating.

Field of Membership Restrictions

Membership is open to: City of Philadelphia Non-Uniformed Employees, Related Agencies, Authorities & Corps.; Any current or retired employee of our Select Employee Groups; Any immediate family member of a current member; Those living in the same household with a current member; Persons who live, work, worship or attend school in, businesses and other legal entities located in the City of Philadelphia; Persons who live, work, worship or attend school in, businesses and other legal entities located in the City of Philadelphia; and Persons who live, work, worship or attend school in, businesses and other legal entities located in Columbia County, Pennsylvania. - See Details

Reviews (3)

Philadelphia federal credit union and you, a perfect fit.

After years of using a commercial bank and being treated like a second class citizen (or an after thought), I found Philadelphia federal credit union. PFC is a a great institution and I am so glad I found them, customer service is great, and their fees are more then reasonable. There are convenient locations every where i go.

Philadelphia Federal credit union.

I love the Philadelphia credit union, especially the Roosevelt boulevard branch. The employees are always so friendly, and eager and willing to help. I can honestly say I've never had a bad experience. I recommend PFCU to anyone.

Philadelphia Federal credit union.

I love the Philadelphia credit union, especially the Roosevelt boulevard branch. The employees are always so friendly, and eager and willing to help. I can honestly say I've never had a bad experience. I recommend PFCU to anyone.



Health

Data for Q1 2014

Institution Health

B+

Texas Ratio

GRADE:
B

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 Philadelphia Federal Credit Union had $17.81 million in non-current loans and owned real-estate with $114.92 million in equity and loan loss allowances on hand to cover it. This gives Philadelphia Federal Credit Union a Texas Ratio of 15.49% which is above average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
C+

The Texas Ratio for Philadelphia Federal Credit Union experienced no significant changes from 12.86% as of March 31, 2013 to 15.49% as of March 31, 2014, resulting in a negative change of 20.51%. This indicates that the balance sheet and financial strength for Philadelphia Federal Credit Union has had no significant changes in recent periods.

Deposit Growth

GRADE:
A

In the past year, Philadelphia Federal Credit Union has increased its total deposits by $27.48 million, resulting in 3.47% 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 Philadelphia Federal Credit Union has shown is excellent.

Capitalization

GRADE:
A+

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. Philadelphia Federal Credit Union has $926.69 million in assets with $114.92 million in equity, resulting in a capitalization level of 12.40%, which is excellent.

Institution Statistics

Overall
NCUA #7238
Year Chartered1951
Employees233
Primary Regulator
Assets and Liabilities
Assets$926.69 million
Loans$532.38 million
Deposits$819.39 million
Equity Capital$106.30 million
Loan Loss Allowance$8.61 million
Unbacked Noncurrent Loans$16.17 million
Real Estate Owned$1.63 million
Historic Data - March 2013
Assets$898.76 million
Equity Capital$102.54 million
Loan Loss Allowance$7.10 million
Unbacked Noncurrent Loans$16.17 million
Real Estate Owned$1.79 million
Profit Margin - Quarterly
Net Interest Margin1.46%
Return on Assets0.58%
Return on Equity5.04%
Interest Income$9.02 million
Rates

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

Philadelphia Federal Credit Union Savings Account Rates

DetailsAPYMINMAXPRODUCT
0.45%$50-IRA Savings
0.45%$50-Roth IRA Savings
0.45%$50-Coverdell Education Savings
0.30%$2k-Higher Yield Savings
0.25%$50-Health Savings Account
0.25%--Business Primary Savings
0.20%$50-Vacation Club Savings
0.20%$50-Holiday Club Savings
0.20%$10k-Business Sweep Savings

Philadelphia Federal Credit Union Money Market Rates

DetailsAPYMINMAXPRODUCT
0.40%$25k-Money Market
0.40%$10k-Business Money Market Savings

Philadelphia Federal Credit Union Checking Account Rates

DetailsAPYMINMAXPRODUCT
0.20%$5k-Better Checking
0.20%$5k-Senior Checking
0.20%$10k-Business Growth Checking

Philadelphia Federal Credit Union CD Rates

DetailsAPYMINMAXPRODUCT
1.90%$10k-5 Year Jumbo CD
1.70%$500$10k5 Year CD
1.65%$10k-4 Year Jumbo CD
1.45%$500$10k4 Year CD
1.40%$10k-3 Year Jumbo CD
1.20%$500$10k3 Year CD
1.20%$10k-30 Month Jumbo CD
1.10%$10k-2 Year Jumbo CD
1.00%$500$10k30 Month CD
0.90%$500$10k2 Year CD
0.70%$10k-1 Year Jumbo CD
0.50%$500$10k1 Year CD
0.40%$10k-6 Month Jumbo CD
0.30%$250$10k6 Month CD
0.25%$10k-3 Month Jumbo CD
0.20%$250$10k3 Month CD

Philadelphia Federal Credit Union IRA Rates

DetailsAPYMINMAXPRODUCT
1.90%$10k-5 Year Jumbo Traditional IRA
1.70%$250$10k5 Year IRA
1.65%$10k-4 Year Jumbo Traditional IRA
1.45%$250$10k4 Year IRA
1.40%$10k-3 Year Jumbo Traditional IRA
1.20%$250$10k3 Year IRA
1.20%$10k-30 Month Jumbo Traditional IRA
1.10%$10k-2 Year Jumbo Traditional IRA
1.00%$250$10k30 Month IRA
0.90%$250$10k2 Year IRA
0.70%$10k-1 Year Jumbo Traditional IRA
0.50%$250$10k1 Year IRA
0.40%$10k-6 Month Jumbo Traditional IRA
0.30%$250$10k6 Month IRA
0.25%$10k-3 Month Jumbo Traditional IRA
0.20%$250$10k3 Month IRA
Locations


Philadelphia Federal Credit Union Locations
Branch Office1801 N Broad St Howard Gittis Student CenterPhiladelphia, PA 19122-6003
Branch Office929 Snyder AvePhiladelphia, PA 19148-2357
Branch Office1206 Chestnut StPhiladelphia, PA 19107-4805
Branch Office12800 Townsend RdPhiladelphia, PA 19154-1003
Branch Office5000 Baltimore AvePhiladelphia, PA 19143-3302
Branch Office1600 Arch StPhiladelphia, PA 19103-2028
Branch Office6707 Germantown AvePhiladelphia, PA 19119-2109
Branch Office8025 Roosevelt BlvdPhiladelphia, PA 19152-3000
Branch Office12800 Townsend RdPhiladelphia, PA 19154-1003
Branch Office2251 Columbia BlvdBloomsburg, PA 17815-8871