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Forge Credit Union


Overview / Commentary
www.forgecu.org
610-352-2000
1402 Bywood Ave
Upper Darby, PA 19082

Forge Credit Union is headquartered in Upper Darby and is the 138th largest credit union in the state of Pennsylvania. It is also the 2,648th largest credit union in the nation. It was established in 1954 and as of March of 2020, it had grown to 6 employees and 3,379 members at 1 location. Forge Credit Union has a B health rating.

Field of Membership Restrictions

Membership is open to employees of SEPTA (Suburban Transit Division, who work in Delaware, Chester or Montgomery Counties or City Transit Division, who work in the Market-Frankford Elevated Train Shops and Yards in Upper Darby), Upper Darby Township, Haverford Township, Don Guanella School, Upper Darby Township Fire Companies, Haverford Township Fire Companies, Philadelphia Seventh Day Adventist Church, or DELCO Child Day Care Association.
See current membership details

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Health
B

Data as of Q1 2020

Learn why bank health matters
Additional Factors: Institutions with a small asset base, a short operating history, or negative return on assets can represent an instability risk beyond what their financial ratios indicate. Forge Credit Union has a low asset base.

Health Grade Components

Overall
NCUA #9622
Year Chartered1954
Employees6
Primary Regulator
Profit Margin
Return on Assets - YTD1.6%
Return on Equity - YTD8.21%
Annual Interest Income$499.00K
Assets and Liabilities
AssetsQ1 2020vs Q1 2019$37.6MM$36.4MM
LoansQ1 2020vs Q1 2019$19.0MM$18.0MM
DepositsQ1 2020vs Q1 2019$30.2MM$29.5MM
Equity CapitalQ1 2020vs Q1 2019$7.3MM$6.8MM
Loan Loss AllowanceQ1 2020vs Q1 2019$684.00K$706.00K
Unbacked Noncurrent LoansQ1 2020vs Q1 2019$582.00K$283.00K
Real Estate OwnedQ1 2020vs Q1 2019$37.00K$37.00K
Rates
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

Forge Credit Union Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.75%*$50k*-IRA
OTHER TIERS: 0.45% → $1 - $10k | 0.55% → $10k - $25k | 0.65% → $25k - $50k
0.10%$5-Share Savings Account
0.10%--Club Accounts

Forge Credit Union Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.25%$2k-Money Market

Forge Credit Union Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.10%--Share Draft

Forge Credit Union CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.75%*$50k*-12 Month CD
OTHER TIERS: 0.45% → $500 - $10k | 0.55% → $10k - $25k | 0.65% → $25k - $50k
0.70%$500-30 Month CD
0.35%$500-6 Month CD
Locations


Forge Credit Union Locations
Branch Office1402 Bywood AveUpper Darby, PA 19082

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