American Heritage Federal Credit Union is headquartered in Philadelphia and is the 5th largest credit union in the state of Pennsylvania. It is also the 95th largest credit union in the nation. It was established in 1948 and as of June of 2022, it had grown to 622 employees and 264,119 members at 31 locations. American Heritage Federal Credit Union's savings rates are 5X the national average, and it has a B+ health rating.
Field of Membership Restrictions
Membership in American Heritage Federal Credit Union is open to anyone through membership in the Kids-N-Hope Foundation. Membership is also open to individuals who live, work, worship, or attend school in the Pennsylvania cities of Ambler, Bensalem, Bridgeport, Bristol, Bryn Athyn, Butler, Cheltenham, Conshohocken, Fort Washington, Norristown, Penndel, Philadelphia, Souderton, Southampton, Tullytown, Villanova, or Warminster Heights, and employees of more than 700 Select Employer Groups.
See current membership details
Related Posts
4/19 - American Heritage Federal Credit Union Ups 15- And 18-Month CD Rates
2/23 - American Heritage Federal Credit Union Hikes 18-Month CD Rate Again
1/22 - American Heritage Federal Credit Union Has Rate-Leading 5-Year CD
12/18 - American Heritage Federal Credit Union Boosts 18-Month CD Rate
11/20 - American Heritage Federal Credit Union Ups All Certificate Rates
1/11 - American Heritage Federal Credit Union Ups 20-Month CD Rate
10/24 - American Heritage Credit Union Boosts 15-Month CD Rate
9/11/17 - American Heritage FCU Has Nationally Available 48-Month CD
3/11/16 - American Heritage FCU (Easy Membership) Offers Two Bump-Up CDs
10/5/15 - American Heritage FCU Offers Very Competitive 36-Month CD
2/15/15 - 4.00%APY CD + Bump-Up CD
12/31/13 - American Heritage FCU 5Yr CD Rate Cut
9/26/13 - Special 5-Year CD Rates at American Heritage Federal Credit Union
2/17/12 - Top Checking Bonus & CD Rates at American Heritage FCU in Philly
10/31/11 - $130 Checking Account Bonus at American Heritage FCU in Philly
8/30/11 - Top Long-Term CD Rates at American Heritage FCU in Philadelphia - Local Only
11/18/10 - Competitive Long-Term CD Rates at American Heritage FCU in Philadelphia - Local Only
10/14/09 - 2.25% 15-Month CD at American Heritage FCU in Philadelphia - Local Only
7/31/09 - 2.25% 10-Month CD at American Heritage FCU in Philadelphia - Local Only
8/9/07 - 5.60% 18-Month / 5.75% 60-Month CD at a Philadelphia CU (American Heritage)
10/17/06 - 10% 10-Month CD at a Philadelphia CU - $1K Max (American Heritage)
6/2/06 - 5.50% 13-Month CD at a Pennsylvania CU
Love my credit union
I have had a checking account with American Heritage for about 6 years. The account is free every month as long as I make 2 transactions during the month. I do most of my banking online, but have been satisfied with the environment and attitude of employees on the occasions I have visited a branch. Generally speaking the online experience is acceptable, although the website is a bit more difficult to navigate compared to other banks I have had accounts with. I have tried to access the online chat feature several times, but found it unavailable. Apparently it is available only during normal business hours.
Beware If Out Of Area
they indicate you can join, but if you are not within their service area .... they will make it difficult for you. They require you to ALSO get a copy of the application notarized.
Appears to me to ONLY be required to discourage you from joining, AND, as noted, some of their products will not be available to you.
I recommend that if you are NOT within their service area that you just avoid this credit union.
Best Rates Not Available
Apparently their best rates are not really available. The 15 mo. 1.25% APY rate is only for EXISTING customers. Even then, they said they would not honor the rate for those who do not live there - never mind sending money to their charity. Bit of a bait and switch.
This Place Is A Joke
Been a member for over a year....it took almost two months to join this dump. It was harder to join this credit union than it was just to get my mortage. Nevertheless, after joining I applied for a credit card since I was told they offer big limits on their cards. Took the credit inquiry and was approved for 10k....awesome right? Nope! The decision was reversed after they saw I don't live in Pennsylvania. Never told me up front might as well not become a member if you don't live here because banking needs you may have will NOT be given to you. Over a year as a member and every time I have called them the reps on their member video chats (who by the way are the most fake individuals you will ever come across) ask me if I want to close my account...with a smile on their face. A complete joke. When I tell them no that's when I get their attitude. Like our rudeness didn't scare you off? Well okay what do you want because we are not giving you anything besides a checking account....cool! Glad I spent months attempting to join a credit union that will ONLY offer me a checking account. When I've asked for more than a checking account 100% of the time I am told we take care of the members that are in our community and even though you're a member you need to find a bank close to where you live. Think again assholes....I'm parking my whooping $5 there forever and will be getting my hard works worth by rating you 1/5 stars wherever I can find and will be cussing out every agent that I come in contact with. Am I salty? Nah just pissed that these people wasted my time and I will make sure I waste theirs as much as I want. Gotta love those membership perks hahaha
Data as of Q2 2022
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 5621 |
| Year Chartered | 1948 |
| Employees | 622 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.9% |
| Return on Equity - YTD | 11.26% |
| Annual Interest Income | $67.9MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2022vs Q2 2021 | $4.07B$3.62B |
| Loans | Q2 2022vs Q2 2021 | $3.05B$2.51B |
| Deposits | Q2 2022vs Q2 2021 | $3.18B$2.85B |
| Equity Capital | Q2 2022vs Q2 2021 | $324.7MM$286.8MM |
| Loan Loss Allowance | Q2 2022vs Q2 2021 | $15.1MM$13.6MM |
| Unbacked Noncurrent Loans | Q2 2022vs Q2 2021 | $20.3MM$11.5MM |
| Real Estate Owned | Q2 2022vs Q2 2021 | $0$650.00K |
