Police and Fire Federal Credit Union
Popular Accounts at this Credit Union
| APY | ACCOUNT TYPE | ACCOUNT NAME |
|---|---|---|
| 2.00% | 5-year CD | 5 Year CD 2.35% - Synchrony Bank 60 Month CD |
| 1.85% | 4-year CD | 4 Year CD 1.80% - Goldman Sachs Bank USA 4 Year CD |
| 1.70% | 3-year CD | 3 Year CD 1.85% - Synchrony Bank 36 Month CD |
Police and Fire Federal Credit Union is headquartered in Philadelphia and is the 2nd largest credit union in the state of Pennsylvania. It is also the 33rd largest credit union in the nation. It was established in 1938 and as of March of 2017, it had grown to 642 employees and 258,241 members at 11 locations. Police and Fire Federal Credit Union's savings rates are 2X the national average, and it boasts an A+ health rating.
Field of Membership Restrictions
Membership in Police and Fire Federal Credit Union is open to all residents of Delaware, New Jersey, or Pennsylvania through membership in the American Consumer Council. Membership is also open to active or retired Philadelphia Police officers or fire fighters, and to employees of Department of Treasury – US Secret Service, and over 400 Select Employer Groups.
See current membership details
Related Posts
7/19 - Top CD Rates in Pennsylvania at Police & Fire Federal Credit Union - PA Only
1/5 - Why Police and Fire FCU CD Rates Have Been So High
9/9/10 - Police & Fire Federal Credit Union Drops CD Rates
7/29/10 - PFFCU Again Changes Eligibility Requirements for the Worse
7/8/10 - PFFCU Changes Eligibility Requirements for the Worst
7/2/10 - Update on Membership Eligibility and CD Rates at PFFCU
6/28/10 - Top Long-Term CD Rates Continue at Police and Fire FCU in PA
5/2/10 - 4% (APY) 60
9/12/09 - CD Rates From 2% to 4% at Police and Fire FCU in Pennsylvania - Local Only
5/21/09 - 4.00% 9-Month CD at a Pennsylvania Credit Union (Police and Fire)
5/21/09 - 3.50% 24-Month CD & 4.00% 48-Month CD at Police and Fire CU in Pennsylvania
5/21/09 - 3.15% 15-Month CD, 2.75% 6-Month CD & Other High CD Rates at Police and Fire CU in Pennsylvania
5/21/09 - 2.50% 6-Month CD, 3.00% 24-Month CD & Other High CD Rates at Police and Fire FCU in PA
Philadelphia Police and Fire -- the best place for your money!
Banking with Philadelphia Police and Fire Federal Credit Union has been a reliable and consistent pleasure. I have opened several savings accounts with PFFCU: CDs, general savings, money market, and a checking account. In dealing with the staff I have found nothing but pleasant interactions and people willing to help any way they're able. In savings rates, I have found no other banking organization able to compete. My current money market account is thriving and I am happy to have it as a source of savings. Recently I had a transaction at PFFCU and was informed of a fantastic benefit offer if I opened a checking account. It was too good to pass up free money for a no-cost checking account, and in time I came to only use this account. PFFCU is a delight.
Money Manipulation
Since "updating" their online banking web site Pffcu appears to be engaging in tansaction re-ordering that Increases consumer costs: The CFPB is concerned that overdraft practices employed by some financial institutions increase consumer costs. One such practice is commingling of all checks, bill payments, debit card transactions, and ATM withdrawals each day and processing the largest transactions first. This maximizes the number of transactions that will trigger an overdraft fee.
Essentially the CFPB has a hunch that banks are manipulating the order of your daily transactions to maximize the chances you’ll be charged an overdraft fee. Here’s an example: Say you’re a student with $50 in your account. You make 3 consecutive purchases for $10 each. That leaves you with $20, but you still need to buy a $40 book for class that evening. You decide to swipe your debit card anyway under the assumption you’ll be charged a $35 overdraft fee just once.
The CFPB says some banks will wait until the end of the day to deduct your daily purchases and start with the biggest purchase first. In this case, the $40 book is deducted first leaving the student with $10 then the three $10 transactions are deducted. That allows the bank to collect and overdraft fee two times instead of one. I have had numerous purchases made that according to my bank statement leave me with a positive balance but then a fee is withdrawn for the transaction When I question the credit union they always come back with some explanation as to how the deposit was actually made after the transaction took place but the retailor did not remove the funds from my account until some time later.( Pffcu also did not remove the funds from my available balance). So I made the transaction lacking in funds and a check is deposited before the funds leave my account and you charge me a fee because on paper I had no funds. Oh I get it -- The retailor not collecting the funds immediately should HELP me!! Pure manipulation!!!
Health Grade Components
| Overall | |
|---|---|
| NCUA # | 2551 |
| Year Chartered | 1938 |
| Employees | 642 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 1.35% |
| Return on Equity - YTD | 7.51% |
| Annual Interest Income | $35.5MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q1 2017vs Q1 2016 | $4.77B$4.49B |
| Loans | Q1 2017vs Q1 2016 | $2.61B$2.46B |
| Deposits | Q1 2017vs Q1 2016 | $3.90B$3.68B |
| Equity Capital | Q1 2017vs Q1 2016 | $839.2MM$783.3MM |
| Loan Loss Allowance | Q1 2017vs Q1 2016 | $15.4MM$16.0MM |
| Unbacked Noncurrent Loans | Q1 2017vs Q1 2016 | $12.9MM$17.0MM |
| Real Estate Owned | Q1 2017vs Q1 2016 | $950.00K$932.00K |
Always verify rates and promotions with the bank or credit union. We are not Police and Fire 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.
Police and Fire Federal Credit Union Savings Account Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 1.10% | $2,500 | - | Premium Yield Account | |
| 0.25% | - | - | Education Savings Account | |
| 0.10% | - | - | Savings |
Police and Fire Federal Credit Union Money Market Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 1.10% | - | - | IRA Money Market | |
| 1.10% | - | - | Roth IRA Money Market | |
| 0.25% | $5k | - | Money Market Plus |
Police and Fire Federal Credit Union Checking Account Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
|---|---|---|---|---|---|
| 1.00%* | - | $3k | Checking | ||
| OTHER TIERS: 0.10% → $3k+ | |||||
Police and Fire Federal Credit Union CD Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 2.00% | $1k | - | 5 Year CD | |
| 1.85% | $1k | - | 4 Year CD | |
| 1.70% | $1k | - | 3 Year CD | |
| 1.60% | $1k | - | 30 Month CD | |
| 1.50% | $1k | - | 2 Year CD | |
| 1.40% | $1k | - | 18 Month CD | |
| 1.30% | $1k | - | 15 Month CD | |
| 1.25% | $1k | - | 1 Year CD | |
| 1.20% | $1k | - | 9 Month CD | |
| 1.15% | $1k | - | 3 Month CD | |
| 1.15% | $1k | - | 6 Month CD |
Police and Fire Federal Credit Union IRA Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 2.00% | $500 | - | 5 Year IRA | |
| 1.85% | $500 | - | 4 Year IRA | |
| 1.70% | $500 | - | 3 Year IRA | |
| 1.60% | $500 | - | 30 Month IRA | |
| 1.50% | $500 | - | 2 Year IRA | |
| 1.40% | $500 | - | 18 Month IRA | |
| 1.30% | $500 | - | 15 Month IRA | |
| 1.25% | $500 | - | 1 Year IRA | |
| 1.20% | $500 | - | 9 Month IRA | |
| 1.15% | $500 | - | 3 Month IRA | |
| 1.15% | $500 | - | 6 Month IRA |
Police and Fire Federal Credit Union has 11 locations. Click to view all Police and Fire Federal Credit Union locations.