Franklin Mint Federal Credit Union (FMFCU)

Overview / Commentary
5 Hillman Dr Ste 100
Chadds Ford, PA 19317

Franklin Mint Federal Credit Union (FMFCU) is headquartered in Chadds Ford and is the 10th largest credit union in the state of Pennsylvania. It is also the 276th largest credit union in the nation. It was established in 1970 and as of September of 2019, it had grown to 342 employees and 109,731 members at 36 locations. Franklin Mint Federal Credit Union (FMFCU)'s savings rates are 4X the national average, and it has a B+ health rating.

Field of Membership Restrictions

Membership in Franklin Mint Federal Credit Union is open to those who live, work, worship, attend school, or volunteer in the City of West Chester, the Borough of West Chester, specific areas in Norristown, southeastern Delaware County (PA), or northern New Castle County (DE). Membership is also open to anyone who is associated with the Credit Union's partnered organizations or members of the FMFCU Foundation.
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Franklin Mint Federal Credit Union

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Working with the local branches of the franklin mint credit union has been great. They really compete against larger banks by offering low rates, small fees (if any) and the ability to hold a savings account without having to keep a minimum balance within the account. Working with FMFCU has allowed me to save money that I would have likely lost in typical bank fees and put more of those funds to a savings account. The staff are always polite and friendly as well and are always willing to help with any questions regarding current accounts or opening a new account. I will continue to bank with this company as they have treated me like a valuable customer.

Franklin Mint Federal Credit Union -- a very good starter

I've been using Franklin Mint Federal Credit Union (FMFCU) as my primary bank for a little over a decade and it's been a positive experience overall. Back when I made an account there, its savings interest rates were around 7% for amounts up to $500 for its Super Saver accounts and around 3% for its larger Vacation/Holiday accounts (up to $2500), though the rates dropped off to less than 0.2% past those limits. Those were great interest rates even then. In the last few years, the interest rates on those accounts have dropped to 1.99%, which is still great for a bank/credit union during an era where extremely low interest rates are the norm. FMFCU's customer service is pretty good, though the ability to withdraw cash surcharge-free suffers if you travel outside of the Philadelphia area at all. FMFCU's web experience is acceptable and does what you need it to do, though it's nothing special. Its mobile app is not particularly good, however, and when I want to check my balances on my phone, I usually use the mobile web version instead of the app. My experience is positive overall. The one big complaint I have is the lack of the ability to send/deposit checks through the mobile app, but given its poor design, that might not be in the cards.

Franklin Mint Provides a Great Customer Experience

Posted by: |

I have been a long time member of Franklin Mint Federal Credit Union, and there has never been a day that I have regretted my decision. While many friends and family complain about their high banking fees, Franklin Mint has always been kind and understanding in my dealings with them. Their customer service has always been stellar as well, although I'll admit most of the time their banking experience is so seamless that I do not have to contact them directly very often. If you're in the market for opening a new account or want to get away from big banks, they are a great opportunity to do so.

30 Year Customer. No Members Here.

Disgusted. Poor customer service. No follow up. 3 instances of fraud in 6 months, and not so much as a call to tell mr anything. I had to find out on my own!. No promise of trying to better security or anything. And i have to do all of the leg work to get my own money back. Wonder when i get my paycheck from FMFCU for doing their work for them. 30 year member is going elsewhere today.



Health Grade Components

NCUA #20042
Year Chartered1970
Primary Regulator
Profit Margin
Return on Assets - YTD0.58%
Return on Equity - YTD7.02%
Annual Interest Income$38.0MM
Assets and Liabilities
AssetsQ3 2019vs Q3 2018$1.18B$1.10B
LoansQ3 2019vs Q3 2018$939.7MM$916.4MM
DepositsQ3 2019vs Q3 2018$1.06B$965.5MM
Equity CapitalQ3 2019vs Q3 2018$96.8MM$86.8MM
Loan Loss AllowanceQ3 2019vs Q3 2018$8.5MM$7.7MM
Unbacked Noncurrent LoansQ3 2019vs Q3 2018$9.4MM$7.7MM
Real Estate OwnedQ3 2019vs Q3 2018$358.00K$152.00K
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

Franklin Mint Federal Credit Union (FMFCU) Savings Account Rates

4.00%*-$500Cub Account
OTHER TIERS: 0.10% $500+
2.00%*-$500Super Saver Savings
OTHER TIERS: 0.10% $500+
2.00%*-$500Business Super Saver Savings
OTHER TIERS: 0.10% $500+
1.00%*-$2.5kHoliday E-Club
OTHER TIERS: 0.10% $2.5k+
1.00%*-$2.5kVacation E-Club
OTHER TIERS: 0.10% $2.5k+
0.30%$5-IRA Savings
0.30%$5-Roth Conversion IRA Savings
0.30%$5-Roth Contribution IRA Savings
0.30%$5-Coverdell Education Savings Account
0.10%--Statement Savings
0.10%--Holiday Club
0.10%--Vacation Club
0.10%--Business Statement Savings

Franklin Mint Federal Credit Union (FMFCU) Money Market Rates

0.80%*$500k*-Money Market
OTHER TIERS: 0.30% Up to $25k | 0.45% $25k - $50k | 0.50% $50k - $100k | 0.75% $100k - $500k
0.50%*$500k*-Business Money Market
OTHER TIERS: 0.10% Up to $10k | 0.15% $10k - $25k | 0.20% $25k - $50k | 0.25% $50k - $100k | 0.30% $100k - $500k

Franklin Mint Federal Credit Union (FMFCU) Checking Account Rates

0.50%*$10k*-Business Performance Checking
OTHER TIERS: 0.10% Up to $10k
0.20%*$50k*-Performance Checking
OTHER TIERS: 0.10% Up to $25k | 0.15% $25k - $50k

Franklin Mint Federal Credit Union (FMFCU) CD Rates

2.00%$500-60 Month CD
2.00%$250-60 Month Youth CD
2.00%$1k-Business 60 Month CD
1.95%$500-48 Month CD
1.95%$250-48 Month Youth CD
1.90%$500-24 Month CD
1.90%$500-36 Month CD
1.90%$250-24 Month Youth CD
1.90%$250-36 Month Youth CD
1.90%$1k-Business 30 Month CD
1.80%$500-18 Month CD
1.80%$500-24 Month Bump CD
1.80%$250-18 Month Youth CD
1.80%$250-24 Month Youth Bump CD
1.80%$1k-Business 18 Month CD
1.75%$500-12 Month CD
1.75%$250-12 Month Youth CD
1.75%$500-60 Month Take Control CD
1.75%$250-60 Month Youth Take Control CD
1.75%$1k-Business 12 Month CD
1.65%$500-9 Month CD
1.65%$250-9 Month Youth CD
1.40%$500-6 Month CD
1.40%$250-6 Month Youth CD
1.40%$1k-Business 6 Month CD
0.80%$500-3 Month CD
0.80%$250-3 Month Youth CD
0.80%$1k-Business 3 Month CD

Franklin Mint Federal Credit Union (FMFCU) IRA Rates

2.00%$500-60 Month IRA
1.95%$500-48 Month IRA
1.90%$500-24 Month IRA
1.90%$500-36 Month IRA
1.80%$500-18 Month IRA
1.80%$500-24 Month Bump IRA
1.75%$500-12 Month IRA
1.75%$500-60 Month Take Control IRA
1.65%$500-9 Month IRA
1.40%$500-6 Month IRA
0.80%$500-3 Month IRA


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