Chadds Ford, PA — Franklin Mint Federal Credit Union (FMFCU) celebrates 50 years in 2020 of serving members in the Greater Philadelphia Region.
Chartered on March 30, 1970, FMFCU began as a credit union serving one partner organization — The Franklin Mint (Collectibles) Company. Today, the Credit Union has 2,500 partner groups, 110,000 members, 350 employees, and 17 full-service branches.
“At every turn whatever the decade, FMFCU maintained a singular focus across the organization,” explained President and CEO Michael B. Magnavita, CPA. “Improve the lives of members through financial education, products, retail delivery channels, and exceptional member service at every touch point.”
Over 50 years, FMFCU has captured many local and national awards, including Federal Credit Union of the Year by National Association of Federal Credit Unions. The Credit Union has been applauded for its commitment to financial literacy through its Community Education and Adult Education Departments, building a financial literacy center, and sponsorship of Delco Hi-Q, the oldest continuous academic quiz competition in the United States.
“Back in 1970, there were 26,000 credit unions in this country,” noted Magnavita. “Currently, there are 5,349. FMFCU is proud to be one of them and growing with each passing year.”
FMFCU surpassed one billion dollars in total assets as of June 30, 2016, presently ranking ninth in asset size in Pennsylvania among credit unions.
“Achieving one billion dollars in total assets was important,” said Magnavita. “It reaffirmed our dedicated program of growth and diversification that resulted in strategic increases in assets, membership, products, and services over time.
FMFCU also formed two Credit Union Service Organizations that continue impacting the credit union industry. In 1986, FMFCU formed State Financial Network, LLC to offer mortgages and services to other credit unions and their members. More recently in 2013, the Credit Union Network for Financial Literacy was created to offer The Berenstain Bears Financial Literacy Program to credit unions.
“It is because of the loyalty and support of our members FMFCU has reached this 50-year milestone,” shared Magnavita. “Despite ebbs and flows of the economy and financial industry over five decades, FMFCU has remained committed to helping individuals, families, and businesses achieve their financial goals.”
This is all thanks to John Unangst, he started & made the FMFCU successful.
CONGRATS FMFCU on 50 years of Service! As a Riddle employee, I remember when FMFCC services were offered at Riddle in the 1980’s. I have developed trusting working relationships with many of the employees over the years. The employees provided great services and great financial advice and support. John was instrumental in the FMFCU and Riddle relationships and services (I do miss having them on campus). I always enjoyed talking with John when he walked through Riddle or attended any of our events. He made FMFCU part of the Riddle Family. Thanks John you are missed.
Just love FMFCU. With them over 20 years and I must say, they are the best!
Always professional n always helpful.
Happy 50th and thank you so much you helped me grow as well and thanks for keeping my assets safe keep up the great work
Congrats to all
Congratulations!!… Not only on your longevity but in your steadfast commitment to the “Members First” philosophy you embrace.
I join fmfcu since 2016 and I have no regrets, love my bank, also the branch workers they are always pleasant and awesome.
Franklin Mint, or FCU, thanks for accepting me as a team member in your bank, happy anniversary 🌷
Love fmfcu awesome bank and friendly workers at the branches
Thank you so much for being kind to my family and I
Happy Anniversary đź’—đź’žđź’•đź’—đź’žđź’•đź’žđź’•
I have been a member for many years and am very happy with the service, friendliness, and personal attention.
Congratulations!!! I appreciate your services; speed, efficiency and business wise friendly.
Great!
I will attest to this organizations services, they have always been there when I needed them. Thank you
Congratulations on 50 years from a 50 year member.
Congratulations for a job well done! Can’t say enough about your services with kindness and integrity.
I joined the FMFCU back in 1976 after having met John Unangst and am still banking with the credit union today. FMFCU have met all my needs from mortgages to car loans and many more. My go to banking. Keep up the good work Mike.
Thank you franklin mint you guys are the best
Congratulations! I have been a member since the mid-eighties. Best financial decision I ever made.
The first President of the Credit Union, John Unangst, was a visionary. He was the heart and soul of it, as his first priority and responsibility was to the Members. Congratulations to the Credit Union’s 50th.
John was my Dad, and I know he lived for FMFCU! He did amazing things and built this credit union from the ground up! Wish he was around to celebrate 50 years!
I been with the Franklin Mint since they open up in the Franklin Mint on Baltimore Pike since 1973. The are the best live u guys. God bless n Congratulations
This all happened because of John D. Unangst.
Yes, I have to remind myself he is no longer with us. But the again, he is through the credit union
I been with the Franklin Mint since 1973 whe the open up at Franklin Mint on Baltimore Pike and still banking there you guys are the best. Congratulations 👏🏾👏🏾👏🏾
I have been a proud member since the days of one of our founding members Irv Olanoff.
I have never regreted to be part of this family. Franklin Mint = all you need.
Congratulations on 50 years of superior service! I’ve been a member for over 30 years and am proud to say my children are as well. FMFCU has met all our needs over the years with car loans, mortgages, life insurance, and credit cards in addition to savings and checking accounts. Cheers to another 50 years
Congratulations !
Have been a member for many years, and still a member today.
Who needs the stock market to grow savings!! I love what I earn on my FMFCU certificates of deposit.
I’ve been with the Franklin Mint since the late 80’s! The First Branch I used was in Taylor Hospital! Love the service!
Been a Member since Day One.
Former Treasurer, when records were kept on paper ledgers!
When I give my Member Number to a Service Personnel, they still ask why it only has 3 numbers!
Cheers for the success for all these years.
Disappointed to not see mention of John D Unangst , who was the leader of FMFCU for 42 of those 50 years and responsible for achieving billion dollar status.
I agree! He’s one of the main reasons they made it to 50 years!
Congrats to such a fantastic staff in every department–I’ve been a satisfied customer since 1992 and will remain a satisfied customer!!
Congrats FMFCU. I’ve been a member since you were a small operation working out of a closet at the Franklin Mint . Never regretted my decision to join. Thank you for your great service.
Would love to see some pictures and recognition posted on the website of the people who made this happen.
John D. Unangst being one of them
Been a member since 1973 !!
All thanks to John Unangst !!!
Keep up the good work
I have been a member for about 50 years and thank them for their continued high level of service.
I joined FMFCU in 1995 and l have had a very pleasant banking experience ever since.
Congratulations for this milestone
Congratulation”50 years”
Franklin Mint has been and Always will be the Best Of All Credit Unions. I am sure John U. Is smiling down on all his continued Success growing every Year! Congratulations everyoneđź‘Ź
Thank you all for your service and all of the good you folks do!
I love FMFCU, thank you for your great service.
I’ve became a member of FMFCU when they opened a branch at Taylor Hospital, Ridley Park in the late 80’S or early 90’S encouraged my family members to join
No comment from now
So sad to not see any mention of John D. Unangst mentioned in this article. He was the heart and soul of FMFCU at the beginning. Feel like he is forgotten now. I hope that the staff and members there remember what he did and how he set them up for the future of FMFCU. Whoever wrote the article, it’s sad you left him out. Best of luck to FMFCU for the future and congrats on 50 years.
I’ve been a member since 1997, they opened a branch at DCMH Hospital, in Upper Darby. everyone is so helpful, kind, pleasant, and always have a big smile to greet you!
Congratulations I’ve been a member for over 20 years. I now live in North Carolina and FMFCU is still where I do my major banking. Always everyone give great knowledgeable, pleasant, kind, wonderful customer service.
Thank you for your kind words about FMFCU and our former President and CEO John D. Unangst. It has been an incredible 50 years and John was a visionary that led the Credit Union as President and CEO for 42 years. His leadership left a legacy of a strong foundation for FMFCU to continue growing and thriving. John is remembered and missed … his presence still a part of all that is Franklin Mint Federal Credit Union. Here’s to the next 50 years!
Congratulations FMFCU on 50 years. I’ve been a member for many years and recommended FMFCU to family and friends who joined. Thanks Marc Darden for being such a professional miss you and the Darby branch.
My dad worked at the Franklin Mint when the credit union opened in the 70’s. I’m proud to be a member for almost 40 years.