Franklin Mint Federal Credit Union (FMFCU)


Overview / Commentary
610-325-5100
5 Hillman Dr Ste 100
Chadds Ford, PA 19317-9998

Franklin Mint Federal Credit Union (FMFCU) is headquartered in Chadds Ford and is the 9th 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 December of 2021, it had grown to 327 employees and 125,094 members at 16 locations. Franklin Mint Federal Credit Union (FMFCU)'s savings rates are 92% higher than the national average, and it has an A 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.
See current membership details

A local gem

Posted by: |

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

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.

Disgusted. 20 Year Member. I'm Done.

Don't even start with this unethical organization. Best of DelCo must mean there's nothing else to choose. If they have to pull .50 from your savings IN THEIR BANK, ATTACHED TO YOUR CHECKING ACCOUNT to cover a payment, they'll charge you $5. Even though a computer does it. Even if you've been a member for 20 years. Even if you have overdraft protection. Even if you've got tens of thousands in the accounts. It's straight up robbery. Go to a bank that's living in 2022, where banks aren't charging fees for that anymore. This is the bank of 1990. #CostOfLivingCrisis #Banks

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Health

Health Grade Components

Overall
NCUA #20042
Year Chartered1970
Employees327
Primary Regulator
Profit Margin
Return on Assets - YTD0.82%
Return on Equity - YTD11.38%
Annual Interest Income$48.0MM
Assets and Liabilities
AssetsQ4 2021vs Q4 2020$1.62B$1.43B
LoansQ4 2021vs Q4 2020$1.12B$1.02B
DepositsQ4 2021vs Q4 2020$1.45B$1.28B
Equity CapitalQ4 2021vs Q4 2020$113.9MM$109.0MM
Loan Loss AllowanceQ4 2021vs Q4 2020$12.0MM$11.4MM
Unbacked Noncurrent LoansQ4 2021vs Q4 2020$4.3MM$7.5MM
Real Estate OwnedQ4 2021vs Q4 2020$322.00K$445.00K
Rates
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Always verify rates and promotions with the bank or credit union. We are not Franklin Mint Federal Credit Union (FMFCU); 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 (FMFCU) Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.00%*-$500Cub Account
OTHER TIERS: 0.10% $500+
1.00%*-$500Super 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+
1.00%*-$500Business Super Saver Savings
OTHER TIERS: 0.10% $500+
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

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.40%*$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
0.35%*$500k*-Money Market
OTHER TIERS: 0.15% Up to $25k | 0.20% $25k - $50k | 0.25% $50k - $100k | 0.30% $100k - $500k

Franklin Mint Federal Credit Union (FMFCU) Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.25%*$100k*-Business Performance Checking
OTHER TIERS: 0.10% Up to $25k | 0.15% $25k - $50k | 0.20% $50k - $100k
0.20%*$50k*-Performance Checking
OTHER TIERS: 0.10% Up to $25k | 0.15% $25k - $50k

Franklin Mint Federal Credit Union (FMFCU) CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.25%$500-60 Month CD
1.25%$250-60 Month Youth CD
1.25%$1k-Business 60 Month CD
1.00%$500-24 Month CD
1.00%$500-24 Month Bump CD
1.00%$250-24 Month Youth Bump CD
1.00%$250-24 Month Youth CD
1.00%$1k-Business 30 Month CD
0.95%$500-48 Month CD
0.95%$250-48 Month Youth CD
0.85%$500-36 Month CD
0.85%$250-36 Month Youth CD
0.75%$500-18 Month CD
0.75%$250-18 Month Youth CD
0.75%$1k-Business 18 Month CD
0.70%$500-12 Month CD
0.70%$250-12 Month Youth CD
0.70%$500-60 Month Take Control CD
0.70%$250-60 Month Youth Take Control CD
0.70%$1k-Business 12 Month CD
0.35%$500-9 Month CD
0.35%$250-9 Month Youth CD
0.30%$500-6 Month CD
0.30%$250-6 Month Youth CD
0.30%$1k-Business 6 Month CD
0.20%$500-3 Month CD
0.20%$250-3 Month Youth CD
0.20%$1k-Business 3 Month CD

Franklin Mint Federal Credit Union (FMFCU) IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.25%$500-60 Month IRA
1.00%$500-24 Month Bump IRA
1.00%$500-24 Month IRA
0.95%$500-48 Month IRA
0.85%$500-36 Month IRA
0.75%$500-18 Month IRA
0.70%$500-12 Month IRA
0.70%$500-60 Month Take Control IRA
0.35%$500-9 Month IRA
0.30%$500-6 Month IRA
0.20%$500-3 Month IRA
Locations

Availability



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