Benchmark Federal Credit Union


Overview / Commentary
610-429-1600
1522 McDaniel Dr
West Chester, PA 19380

Benchmark Federal Credit Union is headquartered in West Chester and is the 32nd largest credit union in the state of Pennsylvania. It is also the 1,046th largest credit union in the nation. It was established in 1940 and as of June of 2022, it had grown to 30 employees and 10,346 members at 3 locations. Benchmark Federal Credit Union has an A health rating.

Field of Membership Restrictions

Membership is open to those who live, worship, work, regularly conduct business in, or attend school within Chester County, Pennsylvania and to immediate family of existing members.
See current membership details

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Reviews (1)

Worst CU Ever

Posted by: |

I've never experienced a credit union bank like this one before, worst experience ever! Even during a pandemic this bank refuses to make any exceptions in bending their precious policies, while everyone else is! I was charged $30 overdraft fee TWICE for a $10 bill, and no courtesy reversal was given. Female manager says because I got one back in January. The pandemic started in March! Yet this credit union makes no exceptions! They did nothing for me in the 5 years I've been there but take my hard earned money! I do not recommend this bank to anyone! Don't know how they were deemed one of the best CU's here in Phoenixville just this month! They must have rated themselves!!



Health

Health Grade Components

Overall
NCUA #3738
Year Chartered1940
Employees30
Primary Regulator
Profit Margin
Return on Assets - YTD0.26%
Return on Equity - YTD2.86%
Annual Interest Income$3.7MM
Assets and Liabilities
AssetsQ2 2022vs Q2 2021$277.0MM$254.0MM
LoansQ2 2022vs Q2 2021$210.1MM$163.2MM
DepositsQ2 2022vs Q2 2021$246.2MM$224.5MM
Equity CapitalQ2 2022vs Q2 2021$25.1MM$29.0MM
Loan Loss AllowanceQ2 2022vs Q2 2021$1.4MM$1.4MM
Unbacked Noncurrent LoansQ2 2022vs Q2 2021$538.00K$472.00K
Real Estate OwnedQ2 2022vs Q2 2021$0$0
Rates

Rates for Benchmark Federal Credit Union are currently being reviewed.

Locations


Benchmark Federal Credit Union Locations
Branch Office1522 McDaniel DrWest Chester, PA 19380
Branch Office785 Starr StPhoenixville, PA 19460
Branch Office323 E Gay StWest Chester, PA 19380

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