Philadelphia Federal Credit Union
Popular Accounts at this Credit Union
| APY | ACCOUNT TYPE | HOW THEY COMPARE |
|---|---|---|
| 2.65% | 5-year CD | |
| 1.90% | 1-year CD | 2.65% - Barclays 12 Month Online CD |
| 0.30% | Savings | 2.00% - Ally Bank Online Savings Account |
Philadelphia Federal Credit Union is headquartered in Philadelphia and is the 9th largest credit union in the state of Pennsylvania. It is also the 264th largest credit union in the nation. It was established in 1951 and as of September of 2018, it had grown to 261 employees and 117,750 members at 11 locations. Philadelphia Federal Credit Union's CD rates are 2X the national average, and it has an A health rating.
Field of Membership Restrictions
Membership in Philadelphia Federal Credit Union is open to those who live, work, worship or study in Philadelphia or Columbia County or be a current or retired employee of Pennsylvania Hospital, Philadelphia Port Authority, Danville Area School District and over 100 area Select Employer Groups.
See current membership details
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A Community Bank
Philadelphia Federal Credit Union membership is open to anyone who lives, works, or goes to school in Philadelphia. Their services range from saving accounts, to mortgages, to auto loans. I go to physical branch locations roughly once every other month, and their weekend hours make it easy to get to the bank when I need it.
PFCU has competitive rates, friendly customer service, and pretty decent online banking. Their branches have convenient locations throughout the city, and with the account I have, I am not charged surcharges when I use ATMs, which is very useful. I have never had a problem with PFCU or any of their services. Right now, I have a checking account and a money market account with them, and after comparing their rates to other institutions, I am sure I'm getting the best deal. I am planning on taking out an auto loan soon, and have a lot of confidence in what they can offer me. Of course, because they are a smaller institution, their online banking isn't quite as user-friendly as bigger banks, but overall I am still very happy with it.
Philadelphia Federal credit union.
I love the Philadelphia credit union, especially the Roosevelt boulevard branch. The employees are always so friendly, and eager and willing to help. I can honestly say I've never had a bad experience. I recommend PFCU to anyone.
Credit union rating
The customer service is either average or bad. The fees are non existent. The good thing about a credit unioin is that I do not have to maintain a certain amount of money. I can have a zero balance and not be charged fifteen dollars per month or have my account closed. There are not enough branches around although I live in the center of the city and there are only two branches not close by. The down side is that to withdraw money you go to a convenience store and only one branch has an atm that allows you to make deposits.
Terrible Customer Service! God Awful Fees! Good Luck Getting A Fee Reversal
I have a checking account, a savings account, a line of credit and a loan. I have been a customer with this bank for over 10 years and I deeply regret all of the time that I have wasted with investing my money in this terrible financial institution. I have a tight budget and pay my bills down to the last dollar. I live paycheck to pay check so I cannot afford for any miscellaneous charges to hit my account. Beware! This bank does not like to waive their bank fees, so you're on your own if your account ever goes negative. I had an unauthorized charge to my account because a credit card payment tried to hit my account twice. I called PFCU customer service and they wanted to charge me $15 to place a stop payment on the charge but wouldn't budge when I asked to have it waived because I am the one being inconvenienced! You want to charge me to protect my account from a transaction that I didn't authorize!? I'm calling to dispute the charge because I don't want to spend any extra money period! I get paid bi-weekly, and I expect to have my acct balance left in tact until I get my next paycheck. The credit card merchant has agreed to refund the $129.50 charge, but you won't place an immediate block to prevent another auto debit of funds out of the acct unless I pay an additional $15!? Whose the scam artist here!? They have a policy, if you caused the issue, they say there is nothing more we can do. I have worked at First Union, Wachovia Bank and Wells Fargo through all of those bank mergers for 8 years and the first thing that I've learned is that there is always something you can do, and to always try to go above and beyond for your customer. In this case I DID NOT cause the issue, but providing the highest level of customer service to protect my account was not even a priority unless I paid them. :( After my loans are paid off I am closing my accounts. I am posting this on every pfcu listing because that is how angry I still am!
Data as of Q3 2018
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 7238 |
| Year Chartered | 1951 |
| Employees | 261 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 1.37% |
| Return on Equity - YTD | 10.79% |
| Annual Interest Income | $34.8MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q3 2018vs Q3 2017 | $1.14B$1.09B |
| Loans | Q3 2018vs Q3 2017 | $666.9MM$647.5MM |
| Deposits | Q3 2018vs Q3 2017 | $984.6MM$947.0MM |
| Equity Capital | Q3 2018vs Q3 2017 | $145.6MM$135.2MM |
| Loan Loss Allowance | Q3 2018vs Q3 2017 | $8.3MM$9.9MM |
| Unbacked Noncurrent Loans | Q3 2018vs Q3 2017 | $7.6MM$12.5MM |
| Real Estate Owned | Q3 2018vs Q3 2017 | $795.00K$482.00K |
Always verify rates and promotions with the bank or credit union. We are not Philadelphia 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.
Philadelphia Federal Credit Union Savings Account Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
|---|---|---|---|---|---|
| 0.70%* | $25k* | - | Higher Yield Savings | ||
| OTHER TIERS: 0.30% → $50 - $10k | 0.55% → $10k - $25k | |||||
| 0.45% | $50 | - | IRA Savings Account | ||
| 0.30% | $50 | - | Regular Savings | ||
| 0.30% | $50 | - | Vacation Club Savings Account | ||
| 0.30% | $50 | - | Holiday Club Savings Account | ||
| 0.30% | $50 | - | Business Primary Savings | ||
| 0.25% | $50 | - | Health Savings Account | ||
| 0.20%* | $10k* | - | Business Sweep Savings | ||
| OTHER TIERS: 0.10% → $2.5k - $5k | 0.15% → $5k - $10k | |||||
Philadelphia Federal Credit Union Money Market Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
|---|---|---|---|---|---|
| 0.70%* | $25k* | - | Money Market Account | ||
| OTHER TIERS: 0.45% → $50 - $2.5k | 0.50% → $2.5k - $10k | 0.55% → $10k - $25k | |||||
| 0.55%* | $10k* | - | Business Money Market Savings Account | ||
| OTHER TIERS: 0.35% → $1k - $2.5k | 0.40% → $2.5k - $10k | |||||
Philadelphia Federal Credit Union Checking Account Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
|---|---|---|---|---|---|
| 0.20%* | $5k* | - | Better Checking | ||
| OTHER TIERS: 0.15% → $1k - $5k | |||||
| 0.20%* | $5k* | - | Senior Checking | ||
| OTHER TIERS: 0.15% → $500 - $5k | |||||
| 0.20%* | $10k* | - | Business Growth Checking | ||
| OTHER TIERS: 0.10% → $2.5k - $5k | 0.15% → $5k - $10k | |||||
Philadelphia Federal Credit Union CD Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
|---|---|---|---|---|---|
| 2.85%* | $25k* | - | 5 Year Jumbo CD | ||
| OTHER TIERS: 2.75% → $10k - $25k | |||||
| 2.70%* | $25k* | - | 4 Year Jumbo CD | ||
| OTHER TIERS: 2.60% → $10k - $25k | |||||
| 2.65% | $500 | $10k | 5 Year CD | ||
| 2.60%* | $25k* | - | 3 Year Jumbo CD | ||
| OTHER TIERS: 2.50% → $10k - $25k | |||||
| 2.50% | $500 | $10k | 4 Year CD | ||
| 2.50%* | $25k* | - | 30 Month Jumbo CD | ||
| OTHER TIERS: 2.40% → $10k - $25k | |||||
| 2.40% | $500 | $10k | 3 Year CD | ||
| 2.35%* | $25k* | - | 2 Year Jumbo CD | ||
| OTHER TIERS: 2.25% → $10k - $25k | |||||
| 2.30% | $500 | $10k | 30 Month CD | ||
| 2.15% | $500 | $10k | 2 Year CD | ||
| 2.10%* | $25k* | - | 1 Year Jumbo CD | ||
| OTHER TIERS: 2.00% → $10k - $25k | |||||
| 1.90% | $500 | $10k | 1 Year CD | ||
| 1.60%* | $25k* | - | 6 Month Jumbo CD | ||
| OTHER TIERS: 1.50% → $10k - $25k | |||||
| 1.40% | $250 | $10k | 6 Month CD | ||
| 0.85%* | $25k* | - | 3 Month Jumbo CD | ||
| OTHER TIERS: 0.75% → $10k - $25k | |||||
| 0.65% | $250 | $10k | 3 Month CD | ||
Philadelphia Federal Credit Union IRA Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
|---|---|---|---|---|---|
| 2.85%* | $25k* | - | 5 Year Jumbo IRA | ||
| OTHER TIERS: 2.75% → $10k - $25k | |||||
| 2.70%* | $25k* | - | 4 Year Jumbo IRA | ||
| OTHER TIERS: 2.60% → $10k - $25k | |||||
| 2.65% | $250 | $10k | 5 Year IRA | ||
| 2.60%* | $25k* | - | 3 Year Jumbo IRA | ||
| OTHER TIERS: 2.50% → $10k - $25k | |||||
| 2.50% | $250 | $10k | 4 Year IRA | ||
| 2.50%* | $25k* | - | 30 Month Jumbo IRA | ||
| OTHER TIERS: 2.40% → $10k - $25k | |||||
| 2.40% | $250 | $10k | 3 Year IRA | ||
| 2.35%* | $25k* | - | 2 Year Jumbo IRA | ||
| OTHER TIERS: 2.25% → $10k - $25k | |||||
| 2.30% | $250 | $10k | 30 Month IRA | ||
| 2.15% | $250 | $10k | 2 Year IRA | ||
| 2.10%* | $25k* | - | 1 Year Jumbo IRA | ||
| OTHER TIERS: 2.00% → $10k - $25k | |||||
| 1.90% | $250 | $10k | 1 Year IRA | ||
| 1.60%* | $25k* | - | 6 Month Jumbo IRA | ||
| OTHER TIERS: 1.50% → $10k - $25k | |||||
| 1.40% | $250 | $10k | 6 Month IRA | ||
| 0.85%* | $25k* | - | 3 Month Jumbo IRA | ||
| OTHER TIERS: 0.75% → $10k - $25k | |||||
| 0.65% | $250 | $10k | 3 Month IRA | ||
