Page 3 - 2024 Annual Report

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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