Benchmark Federal Credit Union
Benchmark Federal Credit Union is headquartered in West Chester and is the 31st largest credit union in the state of Pennsylvania. It is also the 983rd largest credit union in the nation. It was established in 1940 and as of September of 2022, it had grown to 28 employees and 10,522 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
Worst CU Ever
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!!
Data as of Q3 2022
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 3738 |
| Year Chartered | 1940 |
| Employees | 28 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.26% |
| Return on Equity - YTD | 3.34% |
| Annual Interest Income | $6.0MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q3 2022vs Q3 2021 | $308.3MM$251.6MM |
| Loans | Q3 2022vs Q3 2021 | $249.2MM$164.0MM |
| Deposits | Q3 2022vs Q3 2021 | $269.5MM$222.1MM |
| Equity Capital | Q3 2022vs Q3 2021 | $23.1MM$29.2MM |
| Loan Loss Allowance | Q3 2022vs Q3 2021 | $1.5MM$1.3MM |
| Unbacked Noncurrent Loans | Q3 2022vs Q3 2021 | $319.00K$526.00K |
| Real Estate Owned | Q3 2022vs Q3 2021 | $0$0 |