Sep, 30, 2025 — FRANKLIN MINT FEDERAL CREDIT UNION is a federal credit union headquartered in CHADDS FORD, PA with 17 branch locations and about $1.88 billion in total assets. Opened 56 years ago in 1970, FRANKLIN MINT FEDERAL CREDIT UNION has about 149,973 members and employs 327 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | FRANKLIN MINT FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 5 Hillman Dr CHADDS FORD, PA 19317 |
| Phone: | (610) 325-5000 |
| Fax: | (610) 325-5265 |
| Website: | https://www.fmfcu.org |
| Branches: | 17 branch locations |
| Members: | 149,973 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 20042 |
|---|---|
| Membership Type: | Multiple common bond - Primarily other manufacturing |
| Corporate Credit Union: | No |
| Year Opened: | 1970 |
| Last Audited: | Dec 01, 2024 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $1,875,768,836 |
| CEO/Manager: | Michael B Magnavita |
| Chairperson: | Leon Spencer |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 103,923,548 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 1,781,931 |
| Real Estate Loans | 1,014,515,278 |
| Unsecured Loans | 144,262,343 |
| Other Loans | 237,400,278 |
| TOTAL LOANS | 1,396,177,899 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -11,990,823 |
| Land And Building | 24,083,966 |
| Other Fixed Assets | 18,340,814 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 15,047,292 |
| All Other Assets | 0 |
| TOTAL ASSETS | 1,875,768,836 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 1,714 |
| Notes & Interest Payable | 11,324,690 |
| Accounts Payable & Other Liabilities | 44,275,074 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 328,670,453 |
| Regular shares | 695,882,037 |
| All Other Shares & Deposits | 677,052,459 |
| TOTAL SHARES & DEPOSITS | 1,701,604,949 |
| TOTAL LIABILITIES | 1,757,206,427 |
| Regular Reserve | 0 |
| Other Reserves | -26,934,427 |
| Undivided Earnings | 145,496,836 |
| TOTAL EQUITY | 118,562,409 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 1,875,768,836 |
| INCOME & EXPENSE | |
| Loan Income | 58,195,140 |
| Investment Income | 10,769,629 |
| Other Income | 6,071,647 |
| Total Employee Compensation & Benefits | 27,619,911 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 26,454,291 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 4,750,000 |
| Cost of Funds | 26,327,161 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 7,149,783 |
| ↑ Back to Top | |