Philadelphia Federal Credit Union

Popular Accounts at this Credit Union

APY	ACCOUNT TYPE	ACCOUNT NAME
2.30%	5-year CD	5 Year CD 2.80% - Barclays 60 Month Online CD
1.30%	1-year CD	1 Year CD 2.20% - Barclays 12 Month Online CD
0.30%	Savings	Regular Savings 1.65% - Synchrony Bank High Yield Savings

View all Philadelphia Federal Credit Union rates »

Overview / Commentary

www.pfcu.com

215-934-3500

12800 Townsend Rd
Philadelphia, PA 19154-1003

Philadelphia Federal Credit Union is headquartered in Philadelphia and is the 9^th largest credit union in the state of Pennsylvania. It is also the 266^th largest credit union in the nation. It was established in 1951 and as of December of 2017, it had grown to 260 employees and 115,928 members at 11 locations. Philadelphia Federal Credit Union's CD rates are 67% higher than 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

A Community Bank

Posted by: lindsaygallegos80 | Aug 17, 2017

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.

Comment

1

Philadelphia Federal credit union.

Posted by: tommac122 | Apr 10, 2014

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.

Comment

3

Credit union rating

Posted by: chrisperez | Feb 7, 2018

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.

Comment

1

PFCU is a Credit Union That Should be Investigated

Posted by: ninatanner2017 | Aug 18, 2017

I had high expectations for being a member of Philadelphia Federal Credit Union. I knew credit unions were better for the community that national banks, but I found this not to be the case with PFCU. They had only one ATM machine to do deposits and it was broken every weekend for 2 years. No matter how many times others and I complained they failed to maintain the machine. Therefore we bounced many transactions and were charged a ton of fees by PFCU because we could not deposit money into our account in time to cover auto deductions from utility bills that were on auto-pay. I also found that they nickle and dimed members every chance they got. Complaints went unanswered. I contacted a consumer group and PFCU lied and said that their ATM was only broken 3% of the time. That was very much not the case.

Comment

1

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Health

A

Data as of Q4 2017

Learn why bank health matters

Health Grade Components

Overall
NCUA #	7238
Year Chartered	1951
Employees	260
Primary Regulator

Profit Margin
Return on Assets - YTD	1.05%
Return on Equity - YTD	8.34%
Annual Interest Income	$43.6MM

Assets and Liabilities
Assets	Q4 2017vs Q4 2016	$1.10B$1.04B
Loans	Q4 2017vs Q4 2016	$654.3MM$622.1MM
Deposits	Q4 2017vs Q4 2016	$955.4MM$912.1MM
Equity Capital	Q4 2017vs Q4 2016	$137.8MM$126.2MM
Loan Loss Allowance	Q4 2017vs Q4 2016	$9.7MM$10.1MM
Unbacked Noncurrent Loans	Q4 2017vs Q4 2016	$13.5MM$17.2MM
Real Estate Owned	Q4 2017vs Q4 2016	$421.00K$1.1MM

Rates

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Money Market
Checking
CD
IRA

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* 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
0.60%^*	$25k^*	-	Higher Yield Savings
OTHER TIERS: 0.25% → $50 - $2k \| 0.30% → $2k - $10k \| 0.45% → $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
0.20%	$50	-	Health Savings Account
0.20%^*	$10k^*	-	Business Sweep Savings
OTHER TIERS: 0.10% → $2,500 - $5k \| 0.15% → $5k - $10k

Philadelphia Federal Credit Union Money Market Rates

APY	MIN	MAX	ACCOUNT NAME
0.60%^*	$25k^*	-	Money Market Account
OTHER TIERS: 0.25% → $50 - $2,500 \| 0.35% → $2,500 - $10k \| 0.45% → $10k - $25k
0.40%^*	$10k^*	-	Business Money Market Savings Account
OTHER TIERS: 0.25% → $1k - $2,500 \| 0.30% → $2,500 - $10k

Philadelphia Federal Credit Union Checking Account Rates

APY	MIN	MAX	ACCOUNT NAME
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% → $2,500 - $5k \| 0.15% → $5k - $10k

Philadelphia Federal Credit Union CD Rates

APY	MIN	MAX	ACCOUNT NAME
2.50%	$10k	-	5 Year Jumbo CD
2.30%	$500	$10k	5 Year CD
2.25%	$10k	-	4 Year Jumbo CD
2.10%	$10k	-	3 Year Jumbo CD
2.05%	$500	$10k	4 Year CD
1.90%	$500	$10k	3 Year CD
1.90%	$10k	-	30 Month Jumbo CD
1.80%	$10k	-	2 Year Jumbo CD
1.70%	$500	$10k	30 Month CD
1.60%	$500	$10k	2 Year CD
1.50%	$10k	-	1 Year Jumbo CD
1.30%	$500	$10k	1 Year CD
0.75%	$10k	-	6 Month Jumbo CD
0.65%	$250	$10k	6 Month CD
0.50%	$10k	-	3 Month Jumbo CD
0.40%	$250	$10k	3 Month CD

Philadelphia Federal Credit Union IRA Rates

APY	MIN	MAX	ACCOUNT NAME
2.50%	$10k	-	5 Year Jumbo IRA
2.30%	$250	$10k	5 Year IRA
2.25%	$10k	-	4 Year Jumbo IRA
2.10%	$10k	-	3 Year Jumbo IRA
2.05%	$250	$10k	4 Year IRA
1.90%	$250	$10k	3 Year IRA
1.90%	$10k	-	30 Month Jumbo IRA
1.80%	$10k	-	2 Year Jumbo IRA
1.70%	$250	$10k	30 Month IRA
1.60%	$250	$10k	2 Year IRA
1.50%	$10k	-	1 Year Jumbo IRA
1.30%	$250	$10k	1 Year IRA
0.75%	$10k	-	6 Month Jumbo IRA
0.65%	$250	$10k	6 Month IRA
0.50%	$10k	-	3 Month Jumbo IRA
0.40%	$250	$10k	3 Month IRA

Locations

Availability

Philadelphia Area

Philadelphia Area bank & credit union details

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