About Franklin Mint Federal Credit Union
The FMFCU difference is summed up in three simple words – Speed, Service, and Convenience.
With FMFCU’s members spread across the globe, we keep adding new ways to handle our member’s finances easily from home or abroad.
Whether you are just starting out with your first accounts, want a dependable, service-oriented financial institution, or just want to make a switch, we’re here to serve you and your family. Ask any Member Relationship Advisor in any of our branches how to join The Credit Union of Choice® or open your account online today.
Our Background
FMFCU currently has over $1.6 billion in assets and has provided financial products and services to residents and organizations throughout the Greater Philadelphia Region and beyond since 1970.
Our Mission
To be the financial institution of choice for life by providing Speed, Service, and Convenience.
Our Commitment to You
FMFCU strives to provide the products and services our members need and want. Building relationships with our members makes their personal and business finances a little easier. In addition, our members are informed of new FMFCU information and industry developments via direct mail, e-mail, and our web site. An informed member makes better decisions!
A Message from our President and Chief Executive Officer
Dear Members:
I would like to welcome you to Franklin Mint Federal Credit Union’s website. We’ve designed it so it’s viewable on almost every device. Easy to use navigation and clean design makes it simple for our members to find the information they need quickly and easily.
Our staff continually strives to bring our members products, services, and tools to help improve their financial well-being. But when you can’t visit us in-person, we hope your experience on our website will be just as pleasant as your experiences in our branches.
We stand committed to our membership. Thank you for being a member where you’ll always enjoy FMFCU Membership for Life®.
Sincerely,
Michael B. Magnavita, CPA
President and Chief Executive Officer
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Board of Directors
Leon Spencer Chairman
Retired, School To Careers Specialist, Technical College High School at Pickering Campus
Year Elected: 2015
Donna Marandola Vice Chairman
Director of Corporate Financial Services, AmeriHealth Caritas Family of Companies
Year Elected: 2016
James Seaman, Ph.D. Treasurer
Project Manager, Media Borough
Year Elected: 2014
Denise Seastone Kraft, Esq. Secretary
Barnard, Mezzanotte, Pinnie, Seelaus & Kraft LLP
Year Elected: 2018
Harry J. Jamison, Ph.D.
Retired, Executive Director, Delaware County Intermediate Unit
Year Elected: 2006
Denis Tucker
Retired information technology / healthcare executive
Year Elected: 2023
Kevin Wiggins, CPA
Vice President / Chief Financial Officer, Wawa, Inc.
Year Elected: 2023
Michael J. Buongiorno, CPA
Executive Vice President/Chief Financial Officer, Main Line Health
Year Elected: 2010
Patrick M. McKenna, Esq.
Partner and shareholder, Gawthrop Greenwood, PC.
Year Elected: 2016
Eric MacCollum, CPA
Hudak & Company
Year Elected: 2018
Tyler Wagner
Broker/Owner, Wagner Real Estate
Year Elected: 2020
Isis Williams
Executive Director, Horsey, Buckner & Heffler
Year Elected: 2020
Robert Partridge
Former pharmaceutical industry executive and past director of communications for the West Chester Area School District.
Year Elected: 2021
- FMFCU ByLaws
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FMFCU Safety and Soundness
Franklin Mint Federal Credit Union is safe, sound and “well capitalized” as defined by the National Credit Union Administration (NCUA).
How is Money Insured at FMFCU?
Deposits are insured by the National Credit Union Administration, a federal agency that charters and supervises federal credit unions and insures savings in federal and most state-chartered credit unions across the country. NCUA insures these deposits through the National Credit Union Share Insurance Fund (NCUSIF), a federal fund backed by the full faith and credit of the United States Government. Coverage is very similar to the Federal Deposit Insurance Corporation (FDIC) that insures deposits at banks.
No member has lost one cent of NCUA-insured funds as a result of credit union failures. Although failures are rare, NCUA would cover your share amounts dollar for dollar up to insurance limits.
What is NCUA’s Insurance Coverage for Credit Unions?
The National Credit Union Share Insurance Fund (NCUSIF) provides all members of federally insured credit unions with $250,000 in coverage for their single ownership accounts. Additional coverage is available for joint accounts and Individual Retirement Accounts (IRAs). For a complete explanation, read the NCUA publication on how your accounts are federally insured. You can also watch this video:
In addition, we encourage you to visit the NCUA Estimator to find out more about you personal situation. Watch this video on how to use the tool:
Additional Resources:
- See how NCUA insurance protects your funds
- Share Insurance Fund
- Share Insurance FAQs
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