Franklin Mint Federal Credit Union (FMFCU)
Popular Accounts at this Credit Union
| APY | ACCOUNT TYPE | ACCOUNT NAME |
|---|---|---|
| 1.75% | 1-year CD | 12 Month CD 2.40% - Ally Bank High Yield 12-Month CD |
| 1.30% | 5-year CD | 60 Month Take Control CD 3.00% - Barclays 60 Month Online CD |
| 0.10% | Savings | Statement Savings |
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 272nd largest credit union in the nation. It was established in 1970 and as of March of 2018, it had grown to 328 employees and 85,106 members at 37 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 FMFCU is open to those who attend school, reside, work, volunteer or worship in West Chester City, the Borough of West Chester, specific areas in Norristown, and the counties of Northern New Castle or Southeastern Delaware. Membership is also open to anyone who is associated with the credit union's foundations or partnered organizations.
See current membership details
Franklin Mint Federal Credit Union
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
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.
Data as of Q1 2018
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 20042 |
| Year Chartered | 1970 |
| Employees | 328 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.36% |
| Return on Equity - YTD | 4.6% |
| Annual Interest Income | $10.2MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q1 2018vs Q1 2017 | $1.10B$1.05B |
| Loans | Q1 2018vs Q1 2017 | $861.9MM$817.4MM |
| Deposits | Q1 2018vs Q1 2017 | $985.9MM$942.1MM |
| Equity Capital | Q1 2018vs Q1 2017 | $84.3MM$79.8MM |
| Loan Loss Allowance | Q1 2018vs Q1 2017 | $7.3MM$7.0MM |
| Unbacked Noncurrent Loans | Q1 2018vs Q1 2017 | $4.5MM$4.5MM |
| Real Estate Owned | Q1 2018vs Q1 2017 | $211.00K$93.00K |
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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
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
|---|---|---|---|---|---|
| 4.00%* | - | $500 | Cub Account | ||
| OTHER TIERS: 0.10% → $500+ | |||||
| 2.00%* | - | $500 | Super Saver Savings | ||
| OTHER TIERS: 0.10% → $500+ | |||||
| 2.00%* | - | $2.5k | Holiday EClub | ||
| OTHER TIERS: 0.10% → $2,500+ | |||||
| 2.00%* | - | $2.5k | Vacation EClub | ||
| OTHER TIERS: 0.10% → $2,500+ | |||||
| 0.30% | - | - | IRA Savings Account | ||
| 0.30% | - | - | Roth Conversion IRA Savings Account | ||
| 0.30% | - | - | Roth Contribution IRA Savings Account | ||
| 0.30% | - | - | Coverdell Education Savings Account | ||
| 0.10% | - | - | Statement Savings | ||
| 0.10% | - | - | Holiday Club | ||
| 0.10% | - | - | Vacation Club | ||
Franklin Mint Federal Credit Union (FMFCU) Money Market Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
|---|---|---|---|---|---|
| 1.00%* | $500k* | - | Money Market Account | ||
| OTHER TIERS: 0.20% → Up to $10k | 0.30% → $10k - $25k | 0.40% → $25k - $50k | 0.50% → $50k - $100k | 0.75% → $100k - $500k | |||||
Franklin Mint Federal Credit Union (FMFCU) Checking Account Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
|---|---|---|---|---|---|
| 0.20%* | $50k* | - | Performance Checking | ||
| OTHER TIERS: 0.10% → Up to $25k | 0.15% → $25k - $50k | |||||
Franklin Mint Federal Credit Union (FMFCU) CD Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 2.80% | $500 | - | 60 Month CD | |
| 2.80% | $250 | - | 60 Month Start Smart CD | |
| 2.50% | $500 | - | 48 Month CD | |
| 2.50% | $250 | - | 48 Month Start Smart CD | |
| 2.15% | $500 | - | 36 Month CD | |
| 2.15% | $250 | - | 36 Month Start Smart CD | |
| 2.00% | $500 | - | 24 Month CD | |
| 2.00% | $250 | - | 24 Month Start Smart CD | |
| 1.85% | $500 | - | 18 Month CD | |
| 1.85% | $250 | - | 18 Month Start Smart CD | |
| 1.75% | $500 | - | 12 Month CD | |
| 1.75% | $500 | - | 24 Month Bump CD | |
| 1.75% | $250 | - | 12 Month Start Smart CD | |
| 1.75% | $250 | - | 24 Month Start Smart Bump CD | |
| 1.30% | $500 | - | 60 Month Take Control CD | |
| 1.30% | $250 | - | 60 Month Smart Start Take Control CD | |
| 1.00% | $500 | - | 6 Month CD | |
| 1.00% | $250 | - | 6 Month Start Smart CD | |
| 0.75% | $500 | - | 9 Month CD | |
| 0.75% | $250 | - | 9 Month Start Smart CD | |
| 0.50% | $500 | - | 3 Month CD | |
| 0.50% | $250 | - | 3 Month Start Smart CD |
Franklin Mint Federal Credit Union (FMFCU) IRA Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 2.80% | $500 | - | 60 Month IRA | |
| 2.50% | $500 | - | 48 Month IRA | |
| 2.15% | $500 | - | 36 Month IRA | |
| 2.00% | $500 | - | 24 Month IRA | |
| 1.85% | $500 | - | 18 Month IRA | |
| 1.75% | $500 | - | 12 Month IRA | |
| 1.75% | $500 | - | 24 Month Bump IRA | |
| 1.30% | $500 | - | 60 Month Take Control IRA | |
| 1.00% | $500 | - | 6 Month IRA | |
| 0.75% | $500 | - | 9 Month IRA | |
| 0.50% | $500 | - | 3 Month IRA |
