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Choices® Magazine Archives
- Choices® - Spring, 2010 - 11mb
- Choices® - Issue 2, 2009 - 2mb
- Choices® - Issue 1, 2009 - 3mb
- Choices® - Issue 3, 2008 - 9mb
- Choices® - Issue 2, 2008 - 4mb
- Choices® - Issue 1, 2008 - 1mb
- Choices® - Issue 3, 2007 - 2mb
- Choices® - Issue 2, 2007 - 2mb
- Choices® - Issue 1, 2007 - 3mb
- Choices® - Issue 3, 2006 - 3mb
- Choices® - Issue 2, 2006 - 3mb
- Choices® - Issue 1, 2006 - 2mb
- Choices® - Fall, 2005 - 2mb
- Choices® - Spring, 2005 - 4mb
- Choices® - Premier, 2004 - 2mb
Money Talks Newsletter Archives
Press Releases
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Press Releases 2010
Broomall, PA – Michael Bunner, a 15-year veteran of the financial services industry, was recently promoted to Vice President of Electronic Marketing and Communications at Franklin Mint Federal Credit Union (FMFCU). Bunner, a native of Delaware County and a resident of Springfield, PA, joined FMFCU in 1999.
In this position, Mike oversees Electronic Marketing, including the company’s award-winning Web site, e-marketing, electronic media, and overall online presence. In addition, he is responsible for Public Relations, promotions, advertising, branding, branch merchandising, and special events.
“Mike brings a high level of expertise to our Marketing Department and plays a crucial role in the development of our organization’s marketing strategy. He is truly a valuable asset to FMFCU and we are pleased to recognize him in his new capacity,” acknowledged Michael Magnavita, Executive Vice President and CFO of FMFCU.
“I am pleased to be a part of FMFCU’s senior management team,” acknowledged Mike. “The Credit Union is a world-class organization and I’m looking forward to help expand its presence in the Delaware Valley and beyond.”
After graduating from Penncrest High School, Mike earned a Bachelor’s Degree in Business and Economics from the University of Pittsburgh, and an MBA from Widener University. An active community member, Mike is on the Advisory Board of Documatix, LLC., and is a past member of the Rose Tree Media Education Foundation. He has also volunteered for Habitat for Humanity and Special Olympics.
Broomall, PA – Franklin Mint Federal Credit Union’s (FMFCU) Drew Stanley has been promoted to Vice President, Market Development and Strategic Planning.Drew joined FMFCU in 2004 and is a resident of Chester County, PA.
In his role Drew provides strategic direction to the org anization through research, analysis and planning. Drew is Managing Editor of Choices®, FMFCU’s award winning magazine and is also co-chair of the organization’s Leadership Team, which is responsible for strategic planning and performance measurement.
“I’m excited to be part of the Credit Union’s Leadership Team. FMFCU is an award winning financial institution that is known for its high quality of service throughout the communities we serve,” stated Drew. “I look forward to developing the strategies that will shape the Credit Union’s future.”
“Drew has done an excellent job in helping develop and evaluate the organization’s strategy and refining our marketing efforts. His promotion to Vice President is attributable to the leadership role he plays at FMFCU,” says Michael Magnavita, Executive Vice President and Chief Financial Officer of FMFCU.
After graduating from Kennett High School, Drew attended Wilmington College where he earned a Bachelor’s Degree in Marketing. Later he achieved the designation of Certified Senior Executive (CSE) through the Credit Union Executive Society’s (CUES) Center for Applied Executive Management in Madison, WI. Prior to joining FMFCU he was a Marketing Officer with the former Peoples Bank of Oxford. Drew resides in London Grove Township with his wife Jill and two daughters.
Chester, PA – Franklin Mint Federal Credit Union (FMFCU) celebrated the opening of its Chester Branch at The Wharf at Rivertown by hosting a Meet and Greet with former Philadelphia Eagle, Vince Papale combined with a free Shred Event. The branch address is 2501 Seaport Drive, Suite 10.
"The branch staff and I were pleased with how many people attended our opening celebration. This event gave us the opportunity to showcase our new branch, host a local celebrity and provide a community service by shredding personal, confidential documents for free,” says Elaine Palandro, FMFCU Chester Branch Manager.
She adds, “The Credit Union has had an office in the City of Chester since 2000. We recently relocated our office on Edgmont Avenue. Our goal is to continue providing quality financial products and services to those living and working in Chester.”
During the celebration, visitors had their picture taken with Papale and brought memorabilia for him to autograph; received complimentary insurance quotes from Liberty Mutual Insurance representatives and spoke with Enterprise Car Sales representatives regarding purchasing a new vehicle.
To promote conserving natural resources, the Chester Branch also hosted a Shred Event with shredding services provided by Priority Shred. During the event, three tons of paper was securely shredded leading to the preservation of 51 trees, 380 gallons of oil, three cubic yards of landfill space and 7,000 gallons of water representing a 64% energy savings, a 58% water savings and 60 pounds less of air pollution.
Click here to view more photos from the event.
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Broomall, PA – Michael B. (Mike) Magnavita, CPA, was recently appointed President/Chief Executive Officer of State Financial Network, Inc. (SFN). SFN offers a full array of mortgage lending products and services to 17 Credit Unions and their 200,000+ credit union members across the country.
“Mike’s appointment to President and CEO is well deserved. He’s been involved with SFN since 1987, and has been an integral part of the company’s success. On behalf of the SFN Board of Directors, I would like to congratulate Mike on his appointment and thank him for his years of service,” says Jack Sullivan, former SFN Board Chairman and current Treasurer/Secretary.
John D. Unangst, former President and CEO of SFN who is assuming new responsibilities as SFN Board Chairman echoes Sullivan’s praises. “Mike has contributed significantly to the success of SFN. He possesses strong leadership skills and experience to ensure that SFN remains a strong, successful mortgage banking company.”
Magnavita holds a Bachelor of Science in Business Administration from La Salle University. While still at La Salle, he secured a co-op accounting job at Suburban General Hospital – now Mercy Suburban Hospital and later worked for Arthur Young, which at the time was one of the Big Eight accounting firms in the U.S. In 1987, Magnavita began his career with SFN and the Franklin Mint Federal Credit Union (FMFCU) and currently serves as the Executive Vice President/Chief Financial Officer for FMFCU.
Magnavita is a member of the Pennsylvania Institute of Certified Public Accountants (PICPA) and the American Institute of Certified Public Accountants (AICPA). He also donates his time and skills to many organizations. He is a Board Member of the Delaware County Transportation Management Association, serves as Treasurer on the Board of Good Fellowship Ambulance Company and is a member of the Finance Council of St. Agnes Parish, both in West Chester. In addition, Magnavita sits on the boards of several business partners.
Magnavita and his wife Sofia, reside in West Chester. They have three children, a son Andrew and two daughters Elissa and Katherine.
Formed in 1986 as a wholly owned subsidiary of FMFCU, SFN is a Credit Union Service Organization (CUSO) with a mortgage loan servicing portfolio in excess of $500 million. The National Association of Credit Union Service Organizations has previously recognized SFN as CUSO of the Year for providing outstanding service to credit unions and their members. SFN is a state licensed mortgage banking company and is approved to do business in the secondary mortgage market with Fannie Mae and the Federal Home Loan Mortgage Corporation (Freddie Mac).
Broomall, PA - Franklin Mint Federal Credit Union (FMFCU) is celebrating its 40th anniversary this year. Eight Franklin Mint employees, who worked at the Middletown Township location on U.S. Route One, founded the Credit Union in 1970. After learning more about credit unions from the Pennsylvania Credit Union League and the benefits to  Mint employees, the group signed an application for a credit union charter. The National Credit Union Administration (NCUA) approved the charter application, and FMFCU opened for business.
At first, the Credit Union started with only one branch at one location (The Franklin Mint), but over the years, grew to include 28 branches (five of which are student-operated inside area high schools) located throughout the Delaware Valley, close to 60,000 members, and nearly $600 million in assets.
Joe Segel, Founder of The Franklin Mint, QVC, Inc. and over a dozen other companies says, “I was glad to support the forming of Franklin Mint Federal Credit Union in 1970. Obviously, I made the right decision. The Credit Union’s growth has been remarkable.”
FMFCU has come a long way from its early days, and the financial world has also changed a great deal over the years. When current President/CEO, John D. Unangst joined FMFCU as a Manager in 1976, he was the third employee, the Credit Union’s asset size was less than $1 million and products, services and technology were very limited.
“It’s hard to imagine by today’s standards, but the only technology we had then were pens, ledger cards and a copy machine,” Unangst says.
Only basic savings accounts and loans were offered. But in 1980 after financial deregulation, the Credit Union was quick to expand its offerings to include checking accounts, Individual Retirement Accounts (IRAs), credit cards, Automated Teller Machine (ATM) service and eventually mortgages.
FMFCU continued to add products, services and locations to be “The Credit Union of Choice!” and to validate its Speed, Service and Convenience philosophy. FMFCU is, and always will be an early adopter, and over the years introduced members to telephone banking, a Phone Center (now called a Member Service Center which is open 24/7), one-hour car loan decisions (now, many approvals are done in seconds), a web site, home banking (now called e-Banking), branches with extended hours including Saturday and Sunday hours, access to over 28,000 surcharge-free ATMs nationwide and a high yielding Super Saver savings account to name a few.
Expanding and diversifying the Credit Union’s member base also was an important goal for Unangst. In February 1985, FMFCU opened its first partner-sponsored branch outside The Mint at Riddle Memorial Hospital (which coincidently is celebrating its 25th Anniversary this year). Here hospital employees were offered Credit Union membership as part of their benefits package. Then in 1988, the Credit Union opened its first free-standing office in Media. Today, this branch has a unique characteristic—it shares space with a WiFi coffee shop.
“Credit unions were … and still are … an integral part of employee benefit packages. I knew companies could start their own credit unions, and go through all the pain FMFCU did, or they could now join an existing credit union painlessly,” Unangst says.
FMFCU is celebrating its 40th Anniversary in all branch offices through mid May. A special 40th Anniversary web site (www.fmfcu.org/40) was created where visitors can take a fun, short quiz, earn a chance to win an Ipad and receive coupons for special offers.
For more information on FMFCU products and services, call 610-325-5100 or visit www.fmfcu.org.
Media, PA - Franklin Mint Federal Credit Union’s (FMFCU) Riddle Memorial Hospital Branch is celebrating its 25th anniversary this year. The office, located inside Main Line Health System’s Riddle Memorial Hospital on Baltimore Pike in Media, was FMFCU’s first partner-sponsored branch that provides hospital employees with the convenience of on-site banking.
“We value our 25-year partnership with Riddle Memorial Hospital, and we look forward to continuing our relationship with the hospital, its employees and their families. We extend our thanks and appreciation to Riddle Hospital and Main Line Health’s administration for providing its employees with Credit Union membership as part of its benefit package,” says Dawn Bressler, FMFCU Vice President/District Manager.
”Riddle Hospital is very proud of the 25-year relationship with Franklin Mint Federal Credit Union as a provider of outstanding financial services to our employees right here on our campus. Aside from the banking relationship, we are very grateful for FMFCU’s long history of supporting Riddle Hospital events at significant levels. As well, FMFCU President/CEO John Unangst volunteers his time and talents as a member of The Riddle HealthCare Foundation Board of Directors. Riddle recognizes this great partnership and we look forward to many more productive and constructive years in service to our employees and clients’ needs,” says Gary Perecko, President of Riddle Hospital.
In honor of this milestone, the Credit Union hosted a two-day celebration inviting current hospital employees and former hospital employees who are members of the Credit Union to attend an Appreciation Reception and a Financial Health Fair. During the reception, attendees won on-the-spot prizes, were entered into a drawing for tickets to an upcoming basketball, hockey or baseball game and were offered special promotional loan rates and discounts. The Financial Health Fair provided attendees an opportunity to speak one-on-one with mortgage, investment and insurance representatives to learn what they need to do to get back on, or maintain a healthy financial path.
“Both events were successful, well-received and appreciated by the employees,” says Denice Marburger, FMFCU Riddle Hospital Branch Manager. She adds, “We are pleased to serve the financial needs of Riddle’s employees, and we look forward to doing so in the future.”
FMFCU has been providing financial products and services to residents and organizations throughout the Delaware Valley and beyond since 1970. Today, the Credit Union has more than 58,000 members, over 1,200 partner organizations, 28 branches, ATM access at over 28,000 surcharge-free machines through the national CO-OP ATM network (including 9,000 deposit taking machines) and 24/7 access to member accounts. For more information on FMFCU products and services, call 610-325-5100 or visit www.fmfcu.org.
Broomall, PA - J. Patrick Killian, current Delaware County Commerce Director, was recently elected to serve as Chairman of Franklin Mint Federal Credit Union’s (FMFCU) Board of Directors.
Killian was first elected to FMFCU’s Board in 1995, appointed as Vice Chairman in 2006, and is the first person to serve as Chairman that did not  work for The Franklin Mint, the original sponsor of FMFCU, over 40 years ago.
“Pat has been an active member of our Board for over fifteen years. His tenure and strong leadership skills will be a strong asset in his new role as Chairman and I look forward to the additional contributions and guidance Pat brings to the table,” says John D. Unangst, FMFCU President/CEO.
Unangst adds, “On behalf of FMFCU’s Board Members and Credit Union staff, I wish Pat continued success in this new position and appreciate his 15 years of service.”
Killian is a graduate of Scranton Prep School and the University of Scranton. He holds a Bachelor of Arts in Political Science. Killian also performed his graduate studies in American History at the University of Scranton and is a U. S. Navy Veteran.
In addition to his FMFCU Board role, he serves as a Board Member of the Delaware County Community Action Agency, the Delaware County Workforce Investment Board and the Team Pennsylvania Foundation, a statewide foundation that initiates and supports innovative programs to improve Pennsylvania’s competitiveness and economic prosperity. Killian is the immediate Past President of the Pennsylvania Economic Development Association, the professional organization for economic developers throughout Pennsylvania. He also is a member of the Haverford Township Vacant Property Review Committee and a member of the Pastoral Council of Annunciation BVM Parish in Havertown. Killian resides in Havertown with his wife Catherine and they have three daughters.
FMFCU’s Board is composed of eleven dedicated professionals, all of whom serve in a voluntary capacity, giving of their time and talents.
FMFCU has been providing financial products and services to residents and organizations throughout the Delaware Valley and beyond since 1970. Today, the Credit Union has more than 58,000 members, over 1,200 partner organizations, 28 branches, ATM access at over 28,000 surcharge-free machines through the national CO-OP ATM network (including 9,000 deposit taking machines) and 24/7 access to member accounts. For more information on FMFCU products and services, call 610-325-5100 or visit www.fmfcu.org.
Broomall, PA - Michael J. Buongiorno, Main Line Health Executive Vice President and Chief Financial Officer was recently appointed to fill the remaining term of a retiring Director on Franklin Mint Federal Credit Union’s (FMFCU) Board of Directors.
“We are pleased to welcome Mike to FMFCU’s Board. We look forward to  working with him to ensure that the financial needs of FMFCU members are met,” says FMFCU Board Chairman, J. Patrick Killian.
FMFCU’s Board of Directors is composed of eleven dedicated professionals, all of whom serve in a voluntary capacity, giving of their time and talents.
“Having served on boards for other not-for-profit organizations, I understand why it’s important to serve as a volunteer on the Credit Union’s Board of Directors. I appreciate the opportunity and look forward to sharing my knowledge on financial matters and contributing to FMFCU’s success,” says Buongiorno.
In addition to serving on the Credit Union’s Board of Directors, Mike, who is a Certified Public Accountant, is on the Board of Trustees and Chairman of the Finance Committee for Dunwoody Village, a continuing care retirement community and Harcum College. He also serves on the Board of Trustees for the Delaware County Community College Foundation.
Buongiorno, a Newtown Square resident, graduated from St. Joseph’s University and holds a Bachelor of Science in Accounting. He is a member of the American Institute of Certified Public Accountants (AICPA) and the Pennsylvania Institute of Certified Public Accountants (PICPA).
FMFCU has been providing financial products and services to residents and organizations throughout the Delaware Valley and beyond since 1970. Today, the Credit Union has more than 58,000 members, over 1,200 partner organizations, 28 branches, ATM access at over 28,000 surcharge-free machines through the national CO-OP ATM network (including 9,000 deposit taking machines) and 24/7 access to member accounts. For more information on FMFCU products and services, call 610-325-5100 or visit www.fmfcu.org.
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