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Police and Fire Federal Credit Union

Police and Fire Federal Credit Union
Overview / Commentary
215-931-0300
901 Arch Street
Philadelphia, PA 19107

Police and Fire Federal Credit Union is headquartered in Philadelphia and is the largest credit union in the state of Pennsylvania. It is also the 24th largest credit union in the nation. It was established in 1938 and as of December of 2013, it had grown to 483 employees and 217,537 members. Police and Fire Federal Credit Union has a A+ health rating.

Field of Membership Restrictions

Any active or retired Philadelphia police officer or firefighter is eligible to become a member of the credit union. You can also become a member of PFFCU if you work for one of the businesses that offers PFFCU membership as a benefit. There are also a number of associations and organizations that offer membership in PFFCU to their members. - See Details

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Health

Data for Q4 2013

Institution Health

A+

Texas Ratio

GRADE:
A+

The Texas Ratio is an indicator of how much funds a bank has available compared to the total value of loans considered at risk. As of December 31, 2013 Police and Fire Federal Credit Union had $19.26 million in non-current loans and owned real-estate with $672.27 million in equity and loan loss allowances on hand to cover it. This gives Police and Fire Federal Credit Union a Texas Ratio of 2.86% 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 Police and Fire Federal Credit Union experienced no significant changes from 2.75% as of December 31, 2012 to 2.86% as of December 31, 2013, resulting in a negative change of 4.01%. This indicates that the balance sheet and financial strength for Police and Fire Federal Credit Union has had no significant changes in recent periods.

Deposit Growth

GRADE:
A

In the past year, Police and Fire Federal Credit Union has increased its total deposits by $112.53 million, resulting in 3.29% 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 Police and Fire 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. Police and Fire Federal Credit Union has $4.22 billion in assets with $672.27 million in equity, resulting in a capitalization level of 15.95%, which is excellent.

Institution Statistics

Overall
NCUA #2551
Year Chartered1938
Employees483
Primary Regulator
Assets and Liabilities
Assets$4.22 billion
Loans$2.30 billion
Deposits$3.53 billion
Equity Capital$656.68 million
Loan Loss Allowance$15.59 million
Unbacked Noncurrent Loans$18.66 million
Real Estate Owned$593,000
Historic Data - December 2012
Assets$4.05 billion
Equity Capital$606.19 million
Loan Loss Allowance$15.13 million
Unbacked Noncurrent Loans$18.66 million
Real Estate Owned$719,000
Profit Margin - Quarterly
Net Interest Margin4.02%
Return on Assets1.36%
Return on Equity8.72%
Interest Income$129.99 million
Rates

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

Police and Fire Federal Credit Union Savings Account Rates

DetailsAPYMINMAXPRODUCT
0.15%$2,500-Premium Yield Account
0.15%--Education Savings Account
0.10%--Savings
0.00%$2k-Clubs

Police and Fire Federal Credit Union Money Market Rates

DetailsAPYMINMAXPRODUCT
0.15%--IRA Money Market
0.15%$5k-Money Market Plus
0.15%--Roth IRA Money Market

Police and Fire Federal Credit Union Checking Account Rates

DetailsAPYMINMAXPRODUCT
0.10%$4k-Checking

Police and Fire Federal Credit Union CD Rates

DetailsAPYMINMAXPRODUCT
2.00%$500-5 Year CD
1.75%$500-4 Year CD
1.50%$500-3 Year CD
1.25%$500-30 Month CD
1.00%$500-2 Year CD
0.75%$500-18 Month CD
0.50%$500-15 Month CD
0.40%$500-1 Year CD
0.30%$500-9 Month CD
0.25%$500-6 Month CD
0.20%$500-3 Month CD

Police and Fire Federal Credit Union IRA Rates

DetailsAPYMINMAXPRODUCT
2.00%$500-5 Year IRA (Traditional,Roth,CESA)
1.75%$500-4 Year IRA (Traditional,Roth,CESA)
1.50%$500-3 Year IRA (Traditional,Roth,CESA)
1.25%$500-30 Month IRA (Traditional,Roth,CESA)
1.00%$500-2 Year IRA (Traditional,Roth,CESA)
0.75%$500-18 Month IRA (Traditional,Roth,CESA)
0.50%$500-15 Month IRA (Traditional,Roth,CESA)
0.40%$500-1 Year IRA (Traditional,Roth,CESA)
0.30%$500-9 Month IRA (Traditional,Roth,CESA)
0.25%$500-6 Month IRA (Traditional,Roth,CESA)
0.20%$500-3 Month IRA (Traditional,Roth,CESA)
Locations


Police and Fire Federal Credit Union Locations
Branch Office7604 City AvePhiladelphia, PA 19151-2007
Branch Office3325 Street RdBensalem, PA 19020-2021
Branch Office852 E Street RdWarminster, PA 18974-3317
Branch Office11701 Bustleton AvePhiladelphia, PA 19116-2515
Branch Office3338 S Broad StPhiladelphia, PA 19145-5802
Branch Office8500 Henry AvePhiladelphia, PA 19128-2111
Branch Office3330 Grant AvePhiladelphia, PA 19114-2614
Branch Office7500 Castor AvePhiladelphia, PA 19152-4002
Branch Office901 Arch StPhiladelphia, PA 19107-2404
Branch Office7145 Frankford AvePhiladelphia, PA 19135-1008