American Heritage Federal Credit Union
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 108th largest credit union in the nation. It was established in 1948 and as of September of 2020, it had grown to 592 employees and 209,737 members at 33 locations. American Heritage Federal Credit Union 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
10/24 - American Heritage Credit Union Boosts 15-Month CD Rate
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
Good Experience
I have banked with American Heritage since 2010. Even when I moved cross country, I was able to make deposits and withdraws at a shared branch that was near by so we stayed with them. When our account was hacked, they were the ones who noticed and send me a text immediately. They were able to investigate and decline the charge before it even posted to our account- I was very happy with how that was handled. Their mobile app is great and not only allows me to check my balances in all of my accounts, but it also allows me to transfer money between my accounts, pay bills and even check my credit score. I have had nothing but good experiences with this bank.
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.
360 Day EWP
A little surprised this was listed with its Easy Membership rating under 5 year CDs. Anyone offering a good rate with a full year's penalty is bad news, IMHO.
Long Time Customer - Former
This is the worse experience I have had! Since COVID this financial institution has been finding ways to steal members' money. I called a few times about overdraft fees that were not supposed to come out. My account was on the plus side with no pending transactions. I keep having to transfer money from other accounts. Only to have multiple fees come out of a positive balance to make my account negative over $100.00. The customer service rep is blaming automatic bills that have been coming out for years with no issue.
I am going to another bank and never recommend this financial institution. i am embarassed as others I referred to listed the same issue and have left them.
Poor Customer Service
I wish, had read negative reviews on web before!
The American Heritage Credit Union (AHCU) assumes their clients are fraudulent by definition, not trustworthy, but clients can trust them with their money and business.
We applied online for a Jumbo CD account; it was a waste of one week of our time.
Monday, filled out AHCU online application and added wife as a joint owner, their system verified 10 security questions before accepting the application.
All went through fine and an email verified that.
Tuesday, they asked to upload a copy of driver licenses, we provided pictures of the front and the back of the D.Ls.
Wednesday, email asked for another Government ID, uploaded pictures of S.S. cards. Another email asked to unlock our Experian account for Credit background check, which I did (our FICOs are over 800).
Thursday, email asked to download two other forms, “LoanLiner” and “Member Identity” which had to be notarized! I told the Rep. we are not asking for a loan, we are transferring money to your bank and I have already provided all the personal information online, why do I need to repeat that and Why do I need to get notarized? Rep. said, we have to know about your current address!!
Being up in the age and COVID situation, I offered to upload our current home insurance and any current utility bill to confirm that, answer was NO! Finally asked the Rep., can I upload both forms, answer was Yes!
Friday 10am, uploaded notarized and LoanLiner forms, called back to see if all went OK, now the Rep. wanted me to mail the both documents to them before accepting the membership and opening an account!
Her reason, because AHCU does not trust uploaded notary documents until they have been examined by them! Rep. said, the notarization could be fake, that is an insult.
I tried to reason with the Rep., why would I provide you a fake document when I deposit a large sum of money! I offered to mail the docs and asked if now we could open an account, the answer was NO.
Finally, I talked to a manager, same story, now the manager wanted an additional notarization form for my wife, their notarization form asks for a “member only” not the joint owner, she added, “yes, we know that we have some problems with our forms”.
This Credit Union is the worst of any other financial organizations we have dealt with, they are totally clueless in what they are doing, poor customer service,
DO NOT trust your business or your money to them.
Data as of Q3 2020
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 5621 |
| Year Chartered | 1948 |
| Employees | 592 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.94% |
| Return on Equity - YTD | 11.48% |
| Annual Interest Income | $82.0MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q3 2020vs Q3 2019 | $3.09B$2.63B |
| Loans | Q3 2020vs Q3 2019 | $2.42B$1.94B |
| Deposits | Q3 2020vs Q3 2019 | $2.34B$1.93B |
| Equity Capital | Q3 2020vs Q3 2019 | $251.1MM$218.7MM |
| Loan Loss Allowance | Q3 2020vs Q3 2019 | $11.9MM$9.2MM |
| Unbacked Noncurrent Loans | Q3 2020vs Q3 2019 | $13.8MM$10.0MM |
| Real Estate Owned | Q3 2020vs Q3 2019 | $363.00K$583.00K |
