The PFCU Difference

Learn about our mission

Access our newsletter and Annual Reports

See who's on our Board of Directors

We’re not here for our profit. We’re here for yours.

Since the beginning, that philosophy has paid off for our many members.

It is our fundamental belief - and the pride of PFCU - that our members and employees are the real owners of this institution. That’s why we work so hard to help them achieve their financial goals and improve their lives. And, why we reinvest all our profits back to improve our services, reduce fees, and keep rates competitive.

We believe in helping people. Pure and simple. And that might seem like a radical idea, but trust us - it isn’t. It’s just a good one.

  • PFCU does not issue stock or pay dividends to outside shareholders
  • All earnings are returned to members in the form of lower loan rates, higher dividend rates, fewer fees, free financial education and community activities
  • Members get to vote for our all-volunteer Board of Directors

PFCU’S Mission and History

Philadelphia Federal Credit Union was founded in 1951, originally to serve the financial needs of Philadelphia municipal employees. Today, with more than 120,000 members and assets exceeding $1.7 billion, we are among the top 10 credit unions in the area. We serve the owners, employees and directors of more than 400 organizations throughout Pennsylvania, New Jersey and Delaware.

Our mission is to provide for the financial well-being of our membership through a unique combination of professional and personal service. As a member-owned institution, we invest daily in building one-on-one relationships with our membership community through uncompromising service, convenience and a complete offering of competitive financial products and services.

Since our very first day, we've helped ordinary Philadelphians achieve their goals. We've helped them open businesses, and educate their kids. We've helped teach them about how to handle their money better, and how to save for the future. And it remains our continued ambition to become the leading credit union in the Delaware Valley, in recognition of our commitment to their ownership and as stewards of their financial independence.

Newsletter and Annual Reports

The more you know about PFCU, the better you'll understand the many steps we take to support our mission. A good way to learn about us is through our MoneyLine newsletter and our Annual Reports.

In MoneyLine, you'll find informative articles about mortgages, IRAs, online banking, savings and checking accounts, auto loans, home equity lines of credit, and more, in a condensed, easy-to-read format.

Our Annual Reports provide information on the financial fitness of your credit union. It's a snapshot of our financial condition and highlights where we've been and where we're going.

Our Board of Directors

As a not-for-profit financial institution, Philadelphia Federal Credit Union isn't run by shareholders looking for a big payday. Instead, we have an all volunteer Board that sets policies that benefit our members and then provides oversight to ensure that they're being carried out. The Board is elected from our membership and includes community and business leaders with a diverse range of skills.

  • Bernard Lester, Chairman
  • Paulette Chambers, Vice Chairman
  • Joseph F. McHugh Jr., Treasurer
  • Elizabeth Sees, Secretary
  • Carolyn Daley Brady, Member
  • Bridget Tierney Brown, Member
  • Vincent Colaberdino, Member
  • Shawn Hagerty, Member
  • Kathleen Meyer, Member
  • Michele Willmunder, Member
  • Charles Zacney, Member
  • Michael J. McAllister Esq., Emeritus
  • Elaine Melchiorre, Emeritus
  • Elouise Thomas, Emeritus
Get more out of your membership
Enjoy lower fees, better rates, and expert advice. Plus, get access to special discounts and offers for a range of products and services.
Member Benefits & Discounts