Page 2 - 2024 Annual Report
P. 2

LETTER FROM THE                                                   LETTER FROM THE

                          CHAIRMAN OF THE BOARD                                             PRESIDENT AND CEO




                          Franklin Mint Federal Credit Union achieved                       Franklin Mint Federal Credit Union enjoyed
                          another strong year in 2024, as measured by key                   another strong, impactful year in 2024. Thank
                          financial metrics and corporate social responsibility.            you to the FMFCU team for their dedication
                          FMFCU membership grew to nearly 147,000 and,                      and contributions and to our volunteer board
                          in partnership with FMFCU Foundation, the Credit                  of directors for their support and guidance.
                          Union created and supported many community
                          initiatives across our region.                                    The board of directors and management
                                                                                            team also collaborated on a new mission
                          The board of directors and management team                        statement that reflects our everyday focus.
                          were also excited to unveil a new vision statement                We strive to build relationships with members.
                          that reflects an ongoing commitment to be a                       We aim to empower members to make smart financial decisions.
                          trusted financial partner at every stage of life.                 We pledge to strengthen businesses and communities.
                          FMFCU offers individuals, families, and businesses
                          the products, services, and delivery channels to                  In 2024, FMFCU celebrated the opening of our Sharon Hill Branch,
                          achieve short- and long-term financial goals. We                  Downingtown Branch relocation, new Advance Checking Account,
                          take pride, too, in delivering financial literacy                 contactless debit cards, and Greenlight to help families learn
                          lessons and reality fairs in schools and presenting               about money management. In addition, FMFCU launched a 24/7
                          online informational webinars.                                    virtual assistant named Codie and added treasury management
                                                                                            tools for businesses.
                          Turning the page to our 55th birthday in 2025,
                          FMFCU stands ready to successfully face challenges                As FMFCU celebrates our 55th birthday in 2025, we are positioned to
                          and embrace opportunities that will keep us a                     meet the ever-changing needs of members and enhance the overall
                          renowned financial institution. Thank you to our                  member experience. Thank you to our members for their trust and
                          members for their partnership!                                    confidence in us!
                                                                                            Best Wishes,
                          Warmest Regards,



                          Leon Spencer                                                      Michael B. Magnavita, CPA
                          Chairman                                                          President & CEO









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