Hatboro Federal Savings, FA


Overview / Commentary
215-675-4000
221 South York Road
Hatboro, PA 19040

Hatboro Federal Savings, FA is headquartered in HATBORO and is the 72nd largest bank in the state of Pennsylvania. It is also the 1,664th largest bank in the nation. It was established in 1941 and as of September of 2023, it had grown to 37 employees at 4 locations. Hatboro Federal Savings, FA's money market rates are 9X the national average, and it has a B+ health rating.

Reviews (3)

Hatboro Fed

I opened a CD at Hatboro Federal Savings due their competitive CD rates. I was looking online for banks that were offering good rates and fund Hatboro Fed which was close to my house. I think they were able to offer such competitive rates due to being a local bank compared to banks like Wells Fargo or PNC. I went in to the Hatboro branch to open the CD and the customer service was great. The process to open the CD was very easy and I left feeling that my money was safe and that this was a good investment decision

Bad Communication And Service

Posted by: |

When I opened my checking account they did not say anything about holding my money for 30 days. When I called to see why our money was not available they said that our money was being held because it was a new account and would be held for 30 days. Their flyer states for new accounts that deposits over 5525.00 dollars other than cash wire transfer or electronic deposits will be available the 9th business day following the day of deposit. . I deposited half that amount and they still held my money. Not a customer friendly bank. They don't follow what is on their flyer.

Goodbye Hatboro Federal Savings

Laddering CD's at 1.25% makes no sense. The main branch closure for renovations has caused hardship to seniors and the disabled due to the closure of the drive thru and ATM. Good bye Hatboro Federal Savings after 50 years of patronage.
Deposit Growth Has Declinded By 47 Million.
Here is why.... A 3, 4, and 5 Year CD is paying 1.25%, while other local banks are paying 4.50% and up. Deposit Accounts gives Hatboro a "F" for deposit growth. Here is the review from Deposit Accounts. "In the past year, Hatboro Federal Savings, FA has decreased its total non-brokered deposits by -$47.1 million, resulting in -10.33% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth Hatboro Federal Savings, FA has shown is poor. "



Health
B+

Health Grade Components

Overall
FDIC Certificate #30155
Year Established1941
Employees37
Primary RegulatorOCC
Profit Margin
Return on Assets - YTD1.11%
Return on Equity - YTD4.71%
Annual Interest Income$16.5MM
Assets and Liabilities
AssetsQ3 2023vs Q3 2022$542.1MM$565.4MM
LoansQ3 2023vs Q3 2022$380.1MM$349.2MM
DepositsQ3 2023vs Q3 2022$403.5MM$432.7MM
Equity CapitalQ3 2023vs Q3 2022$129.9MM$124.5MM
Loan Loss AllowanceQ3 2023vs Q3 2022$1.8MM$1.7MM
Unbacked Noncurrent LoansQ3 2023vs Q3 2022$2.7MM$3.4MM
Real Estate OwnedQ3 2023vs Q3 2022$0$0
Rates
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Always verify rates and promotions with the bank or credit union. We are not Hatboro Federal Savings, FA; 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.

Hatboro Federal Savings, FA Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.40%$1-School Savings
0.15%$100-Passbook Saving Account
0.15%$100-Statement Saving Account
0.15%$10-Student Statement Savings
0.15%$100-Small Business Statement Savings

Hatboro Federal Savings, FA Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
3.75%$1k-Money Market Tiered Accounts

Hatboro Federal Savings, FA Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.25%*$100k*-Business Checking Account
OTHER TIERS: 0.10% $500 - $10k | 0.20% $10k - $100k
0.15%$100-Advantage Checking Account
0.15%$10-Student Checking

Hatboro Federal Savings, FA CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
5.00%$1k-1 Year CD
4.00%$1k-18 Month CD
4.00%$1k-2 Year CD
2.00%$1k-6 Month CD
1.25%$1k-3 Year CD
1.25%$1k-4 Year CD
1.25%$1k-5 Year CD
1.00%$1k-30 Month CD
0.25%$1k-91 Day CD

Hatboro Federal Savings, FA IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
5.00%$1k-1 Year IRA
4.00%$1k-18 Month IRA
4.00%$1k-2 Year IRA
2.00%$1k-6 Month IRA
1.25%$1k-3 Year IRA
1.25%$1k-4 Year IRA
1.25%$1k-5 Year IRA
1.00%$1k-30 Month IRA
0.25%$1k-91 Day IRA
Locations


Hatboro Federal Savings, FA Locations
Hatboro Federal Savings, FA221 S York RdHatboro, PA 19040
Jamison Branch2539 York RoadJamison, PA 18929
Warrington BranchEaston and Bristol RoadsWarrington, PA 18976
Warminster BranchYork and Street RoadsWarminster, PA 18974

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