Franklin Mint Federal Credit Union
Popular Accounts at this Credit Union
| APY | ACCOUNT TYPE | ACCOUNT NAME |
|---|---|---|
| 1.25% | 5-year CD | 60 Month Take Control CD 2.35% - Synchrony Bank 60 Month CD |
| 1.00% | 1-year CD | 12 Month CD 1.40% - Synchrony Bank 12 Month CD |
| 0.10% | Savings | Statement Savings |
Franklin Mint Federal Credit Union is headquartered in Broomall and is the 10th largest credit union in the state of Pennsylvania. It is also the 270th largest credit union in the nation. It was established in 1970 and as of March of 2017, it had grown to 304 employees and 84,771 members at 37 locations. Franklin Mint Federal Credit Union'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, volunteer or attend school in the Borough of West Chester, City of Chester, selected areas in Norristown and Southeastern Delaware County. Membership is also open to employees and members of the credit union's Select Employer Group (must call the credit union's eligibility).
See current membership details
Franklin Mint - A Friendly Local Credit Union
With a 15 year and counting membership under belt, I feel more qualified than most in providing a review of Franklin Mint Federal Credit Union. If you have ever met friends or family tell you that Credit Unions provide a much more intimate banking experience at a lower price point, they are absolutely right. All of my interactions with Franklin Mint have been pleasant over the years, and it has been very rare that fees have become an issue. They are very generous with opening new accounts, ATM usage fees, and provide competitive interest rate incentives to keep your money growing. I also recently opened a joint checking account with my wife, and the process could not have gone smoother. Large banks often seem impersonal and uncaring, and often come with oppressive fee structures, but Franklin Mint has no such limitations. The only real downside is that their Mobile Experience needs an update, as their app seems a bit dated and lacks more sophisticated functionality. Still, that is a small price to pay for the great banking experience that they provide every single day.
The Credit Union of my choice!
I started my account with this credit union sometime ago and have been consistently impressed with its customer service and dedication to creating a happy member. At one point in time I fell upon hard times and the account went into a negative state for over 30 days. Policy aimed for the credit union to close my account but instead the member service representative made arrangements with me to pay what was old. Making certain the payment was something I could afford the representative avoided a negative indentation on my credit report and many additional fees. Being a smaller credit union the products and services offered are quite competitive and there are plenty of ways for the average individual to qualify for membership. FMFCU is the neighborhood credit union servicing everyone the same no matter financial status! Great Credit Union. It is the credit union of my choice!
A local gem
I have been a member since moving to my area in 1991, and would bank no where else. Since that time, I have purchased numerous cars and three homes; each time the loan/mortgage experience has been very easy. Fees are very reasonable or absent altogether. Employee retention seems very high at the credit union, and I like the fact that I know them and they know me when I bank at the credit union. There are several convenient locations (some of which are open on the weekend) throughout the county. I live in Media, PA ("Everybody's Hometown") and feel that banking at the credit union is part of that hometown experience.
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.
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.
Whole Bank
I applied for an auto loan an have been running back and forth all just to get declined after being told if I bring this document and this document you will get the amount needed. Biggest load of crap ever fed to me instant approval is a joke just to make you do work and go crazy because you get approved than told to bring in proof of income then when you do because of minus 7 hrs you get denied sorry I had to go to the doctor and then the car you already paid insurance for gets sold and you get a sorry bring back another stub an a vsa and you'll get approved for the amount you need ha so your telling me a new car is worth 13000 dollars I'm not taking out a loan to get junk I'm taking it out to get something I want if I'm gonna be in debt I'm gonna do it in what I want not a pos. The bank is incompetent un caring ignorant and possibly challenged for they know nothing about their job which is to read a computer screen. I wouldn't be as mad if they would have told me no in the beginning instead of waisting a month of my life. Stay clear away of Springfield branch sad sad people.
Data as of Q1 2017
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 20042 |
| Year Chartered | 1970 |
| Employees | 304 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.23% |
| Return on Equity - YTD | 2.92% |
| Annual Interest Income | $9.1MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q1 2017vs Q1 2016 | $1.05B$978.6MM |
| Loans | Q1 2017vs Q1 2016 | $817.4MM$700.7MM |
| Deposits | Q1 2017vs Q1 2016 | $942.1MM$885.6MM |
| Equity Capital | Q1 2017vs Q1 2016 | $79.8MM$75.3MM |
| Loan Loss Allowance | Q1 2017vs Q1 2016 | $7.0MM$6.8MM |
| Unbacked Noncurrent Loans | Q1 2017vs Q1 2016 | $4.5MM$3.0MM |
| Real Estate Owned | Q1 2017vs Q1 2016 | $93.00K$314.00K |
Always verify rates and promotions with the bank or credit union. We are not Franklin Mint Federal Credit Union; we are a rate comparison website and cannot provide official rates or promotions.
* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.
Franklin Mint Federal Credit Union 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%* | - | $2,500 | Holiday EClub | ||
| OTHER TIERS: 0.10% → $2,500+ | |||||
| 2.00%* | - | $2,500 | 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 Money Market Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
|---|---|---|---|---|---|
| 0.30%* | $100k* | - | Money Market Account | ||
| OTHER TIERS: 0.10% → Up to $10k | 0.15% → $10k - $25k | 0.20% → $25k - $50k | 0.25% → $50k - $100k | |||||
Franklin Mint Federal Credit Union 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 CD Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 2.25% | $500 | - | 60 Month CD | |
| 2.25% | $250 | - | 60 Month Start Smart CD | |
| 2.00% | $500 | - | 48 Month CD | |
| 2.00% | $250 | - | 48 Month Start Smart CD | |
| 1.65% | $500 | - | 36 Month CD | |
| 1.65% | $250 | - | 36 Month Start Smart CD | |
| 1.35% | $500 | - | 24 Month CD | |
| 1.35% | $250 | - | 24 Month Start Smart CD | |
| 1.25% | $500 | - | 24 Month Bump CD | |
| 1.25% | $250 | - | 24 Month Start Smart Bump CD | |
| 1.25% | $500 | - | 60 Month Take Control CD | |
| 1.25% | $250 | - | 60 Month Smart Start Take Control CD | |
| 1.15% | $500 | - | 18 Month CD | |
| 1.15% | $250 | - | 18 Month Start Smart CD | |
| 1.00% | $500 | - | 12 Month CD | |
| 1.00% | $250 | - | 12 Month Start Smart CD | |
| 0.75% | $500 | - | 9 Month CD | |
| 0.75% | $250 | - | 9 Month Start Smart CD | |
| 0.60% | $500 | - | 6 Month CD | |
| 0.60% | $250 | - | 6 Month Start Smart CD | |
| 0.35% | $500 | - | 3 Month CD | |
| 0.35% | $250 | - | 3 Month Start Smart CD |
Franklin Mint Federal Credit Union IRA Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 2.25% | $500 | - | 60 Month IRA | |
| 2.00% | $500 | - | 48 Month IRA | |
| 1.65% | $500 | - | 36 Month IRA | |
| 1.35% | $500 | - | 24 Month IRA | |
| 1.25% | $500 | - | 24 Month Bump IRA | |
| 1.25% | $500 | - | 60 Month Take Control IRA | |
| 1.15% | $500 | - | 18 Month IRA | |
| 1.00% | $500 | - | 12 Month IRA | |
| 0.75% | $500 | - | 9 Month IRA | |
| 0.60% | $500 | - | 6 Month IRA | |
| 0.35% | $500 | - | 3 Month IRA |
Franklin Mint Federal Credit Union has 37 locations. Click to view all Franklin Mint Federal Credit Union locations.