Best Credit Union Savings and Money Market Rates in Philadelphia, Pennsylvania, PA June 16, 2025

You are viewing savings rates from credit unions in Philadelphia, Pennsylvania

Credit Unions can offer savings and money market rates that are competitive not only with local banks, but also sometimes with the best rates at online savings banks. The table below lists the best rates at credit unions near you. If you click on the credit union’s name, you’ll be taken to more information about its locations and operations.

Philadelphia, PA - June 16, 2025

Savings Account National Average Rate: 0.45% ^?

Credit Unions	APY	MIN
Genisys 21 Blue Bell Branch Restrictions	5.12% 0.10%	$0 $5	Learn More Add Review
Citadel Citadel Branch Restrictions	3.70% 0.10%	$10,000 $5	Learn More Add Review
Trumark Financial Trumark Financial Branch Restrictions	3.50% 1.50% 1.00% 0.75%	$10,000 $100,000 $25,000 $2,500	Learn More Add Review
American Heritage American Heritage Branch Restrictions	3.35% 0.11%	$10,000 $100	Learn More
Rate History: 3.70% → 3.35%
Jobe0822@gmail.com \| Dec 22, 2020 Where is the 4.00/% rate? It doesn’t seem to exist? Read More Reviews (2)
Police & Fire Police & Fire Branch Restrictions	3.00% 1.00%	$2,500 $0	Learn More
Rate History: 3.25% → 3.00%
John \| Oct 9, 2023 Member for 50 years and have aeen it grow and develop with changing times and technology quickly and smoothly. Has helped me and my family, tremendously, through any and all crisis... don't know how Id ha ... Read More Reviews (1)
American Heritage American Heritage Branch Restrictions	3.00% 2.80% 2.65% 2.31%	$75,000 $50,000 $25,000 $2,000	Learn More
Jobe0822@gmail.com \| Dec 22, 2020 Where is the 4.00/% rate? It doesn’t seem to exist? Read More Reviews (2)
Navy Federal Credit Union Navy Federal Credit Branch Restrictions	2.25% 2.05% 1.85% 1.65% 1.50% 1.10% 1.06% 0.95%	$1,000,000 $500,000 $250,000 $100,000 $50,000 $25,000 $10,000 $2,500	Learn More
Amanda Frank \| Feb 25, 2023 HORRIBLE SERVICE. My son's campus checking account was hacked and over $9000 was stolen. Fraud department was impossible to reach and we waited on phone several days for over 2 hours at a time. They too... Read More Reviews (19)
Genisys 21 Blue Bell Branch Restrictions	2.17% 1.97% 1.76%	$100,000 $75,000 $50,000	Learn More Add Review
Merck Sharp & Dohme Merck Sharp & Dohme Branch Restrictions	1.90% 1.40% 0.90%	$80,000 $20,000 $2,500	Learn More Add Review
Sun East Sun East Branch Restrictions	1.00% 0.75% 0.50% 0.30%	$100,000 $50,000 $25,000 $2,500	Learn More
David Gibson \| Aug 10, 2021 There does not seem to be anywhere that I can locate info as to what my membership rights are in relation to decision making for the Credit Union. This seems to be a problem for any institution that is sup... Read More Reviews (2)
Citadel Citadel Branch Restrictions	0.75% 0.55% 0.50% 0.45%	$250,000 $75,000 $25,000 $2,500	Learn More Add Review
Northwood Northwood Federal Cu Branch	0.75%	$2,500	Learn More Add Review
Eagle One Eagle One Branch Restrictions	0.55%	$25,000	Learn More Add Review
Eagle One Eagle One Branch Restrictions	0.50%	$10,000	Learn More Add Review
Spirit Financial Fairless Hills Branch Restrictions	0.50% 0.45%	$10,000 $5,000	Learn More Add Review
Philadelphia Baltimore Ave Branch Restrictions	0.40%	$25,000	Learn More Add Review
Ukrainian Selfreliance Ukrainian Selfrelian Branch Restrictions	0.40%	$10,000	Learn More Add Review
Eagle One Eagle One Branch Restrictions	0.35%	$2,500	Learn More Add Review
Freedom Lansdale Branch Restrictions	0.30%	$10,000	Learn More Add Review
Philadelphia Baltimore Ave Branch Restrictions	0.30%	$10,000	Learn More Add Review
Sun Sun Branch Restrictions	0.30%	$25,000	Learn More Add Review
North Penn North Penn Fed. Credit Union Branch	0.30%	$25,000	Learn More Add Review
Media Members Media Members Fcu Branch	0.30%	$10,000	Learn More Add Review
Affiliated Trades Local 380 I.b.e.w. Branch	0.30%	$2,500	Learn More Add Review
Forge Pstc Employees Fcu Branch Restrictions	0.30%	$2,500	Learn More Add Review
Fedchoice Philadelpia Financial Service Center Branch Restrictions	0.30%	$10,000	Learn More Add Review
Star Usa Restrictions	0.25%	$50,000	Learn More
RaShaun \| Aug 31, 2020 Great rates and fast loans Read More Reviews (1)
Navy Federal Credit Union Navy Federal Credit Branch Restrictions	0.25%	$5	Learn More
Amanda Frank \| Feb 25, 2023 HORRIBLE SERVICE. My son's campus checking account was hacked and over $9000 was stolen. Fraud department was impossible to reach and we waited on phone several days for over 2 hours at a time. They too... Read More Reviews (19)
Everence Souderton Branch Restrictions	0.25%	$25,000	Learn More Add Review
Sun Sun Branch Restrictions	0.25%	$25,000	Learn More Add Review
Franklin Mint Riddle Memorial Hospital Branch Restrictions	0.25%	$25,000	Learn More Add Review
Viriva Community Viriva Community Branch Restrictions	0.25%	$25,000	Learn More Add Review
Inspire Bucks First Branch Restrictions	0.25%	$25,000	Learn More Add Review
Reliance Reliance Branch Restrictions	0.22%	$25,000	Learn More Add Review
Edu Restrictions	0.20%	$0	Learn More Add Review
Sun Sun Branch Restrictions	0.20%	$10,000	Learn More Add Review
Franklin Mint Riddle Memorial Hospital Branch Restrictions	0.20%	$2,500	Learn More Add Review
North Penn North Penn Fed. Credit Union Branch	0.20%	$2,500	Learn More Add Review
Media Members Media Members Fcu Branch	0.20%	$2,500	Learn More Add Review
Viriva Community Viriva Community Branch Restrictions	0.20%	$10,000	Learn More Add Review
Affiliated Trades Local 380 I.b.e.w. Branch	0.20%	$2,500	Learn More Add Review
Ukrainian Selfreliance Ukrainian Selfrelian Branch Restrictions	0.20%	$2,500	Learn More Add Review
Inspire Bucks First Branch Restrictions	0.20%	$10,000	Learn More Add Review
Reliance Reliance Branch Restrictions	0.19%	$10,000	Learn More Add Review
Reliance Reliance Branch Restrictions	0.17%	$2,500	Learn More Add Review
Star Usa Restrictions	0.15%	$2,500	Learn More
RaShaun \| Aug 31, 2020 Great rates and fast loans Read More Reviews (1)
Freedom Lansdale Branch Restrictions	0.15%	$1	Learn More Add Review
Everence Souderton Branch Restrictions	0.15%	$10,000	Learn More Add Review
Sun Sun Branch Restrictions	0.15%	$2,500	Learn More Add Review
Merck Sharp & Dohme Merck Sharp & Dohme Branch Restrictions	0.15%	$1	Learn More Add Review
General Electric Employees Valley Forge Branch Restrictions	0.15%	$25,000	Learn More Add Review
Honeywell Philadelphia Div Pnc Bank Branch Restrictions	0.15%	$2,500	Learn More Add Review
Media Members Media Members Fcu Branch	0.15%	$2,500	Learn More Add Review
Viriva Community Viriva Community Branch Restrictions	0.15%	$2,500	Learn More Add Review
Forge Pstc Employees Fcu Branch Restrictions	0.15%	$2,500	Learn More Add Review
Upper Darby Belltelco Upper Darby Belltelco Fcu Branch	0.15%	$2,500	Learn More Add Review
Advantage Financial Philadelphia Va Offices Branch Restrictions	0.15%	$2,500	Learn More Add Review
Superior Credit Union Superior Credit Unio Branch Restrictions	0.13%	$2,500	Learn More Add Review
Star Usa Restrictions	0.10%	$10	Learn More
RaShaun \| Aug 31, 2020 Great rates and fast loans Read More Reviews (1)
Sun East Sun East Branch Restrictions	0.10%	$1	Learn More
David Gibson \| Aug 10, 2021 There does not seem to be anywhere that I can locate info as to what my membership rights are in relation to decision making for the Credit Union. This seems to be a problem for any institution that is sup... Read More Reviews (2)
Philadelphia Baltimore Ave Branch Restrictions	0.10%	$2,500	Learn More Add Review
Everence Souderton Branch Restrictions	0.10%	$2,500	Learn More Add Review
Eagle One Eagle One Branch Restrictions	0.10%	$2,500	Learn More Add Review
Sun Sun Branch Restrictions	0.10%	$2,500	Learn More Add Review
Benchmark Benchmark Branch Restrictions	0.10%	$2,500	Learn More Add Review
Reliance Reliance Branch Restrictions	0.10%	$2,500	Learn More Add Review
Trumark Financial Trumark Financial Branch Restrictions	0.10%	$5	Learn More Add Review
Franklin Mint Riddle Memorial Hospital Branch Restrictions	0.10%	$2,500	Learn More Add Review
Norristown Bell Norristown Bell Branch Restrictions	0.10%	$2,500	Learn More Add Review
General Electric Employees Valley Forge Branch Restrictions	0.10%	$2,500	Learn More Add Review
Superior Credit Union Superior Credit Unio Branch Restrictions	0.10%	$2,500	Learn More Add Review
Viriva Community Viriva Community Branch Restrictions	0.10%	$2,500	Learn More Add Review
Ardent Sb1 Branch Restrictions	0.10%	$2,500	Learn More Add Review
Access Nba Credit Union Branch	0.10%	$2,500	Learn More Add Review
Fedchoice Philadelpia Financial Service Center Branch Restrictions	0.10%	$2,500	Learn More Add Review
Star Usa Restrictions	0.05%	$5	Learn More
RaShaun \| Aug 31, 2020 Great rates and fast loans Read More Reviews (1)
Everence Souderton Branch Restrictions	0.05%	$2,500	Learn More Add Review
Benchmark Benchmark Branch Restrictions	0.05%	$2,500	Learn More Add Review
General Electric Employees Valley Forge Branch Restrictions	0.05%	$2,500	Learn More Add Review
Ardent Sb1 Branch Restrictions	0.05%	$2,500	Learn More Add Review
Access Nba Credit Union Branch	0.05%	$2,500	Learn More Add Review
Inspire Bucks First Branch Restrictions	0.05%	$2,500	Learn More Add Review
Spirit Financial Fairless Hills Branch Restrictions	0.05%	$5	Learn More Add Review
Fedchoice Philadelpia Financial Service Center Branch Restrictions	0.05%	$2,500	Learn More Add Review
Advantage Financial Philadelphia Va Offices Branch Restrictions	0.05%	$2,500	Learn More Add Review
Transit Workers Branch Office	0.05%	$2,500	Learn More Add Review
Delco Postal 1400 Bywood Upper Darby Pa Branch	0.03%	$2,500	Learn More Add Review
Edu Restrictions	0.01%	$1	Learn More Add Review

All rates listed are Annual Percentage Yield (APY). The APY rate in a savings account or money market account is a variable rate that is subject to change at any point. The Min listed is the minimum deposit account balance required to obtain the rate listed.

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Branches Info around Philadelphia, PA - June 16, 2025

Branch	Street	City	State
GENISYS 21 Blue Bell 21 Blue Bell Branch	1510 Dekalb Pike	Blue Bell	PA
CITADEL Citadel Citadel Branch	4923 Edgmont Avenue	Brookhaven	PA
TRUMARK FINANCIAL Trumark Financial Trumark Financial Branch	115 E. Swedesford Rd	Wayne	PA
AMERICAN HERITAGE American Heritage American Heritage Branch	236 W DeKalb Pike	King of Prussia	PA
POLICE & FIRE Police & Fire Police & Fire Branch	7604 City Avenue	Philadelphia	PA
AMERICAN HERITAGE American Heritage American Heritage Branch	236 W DeKalb Pike	King of Prussia	PA
AMERICAN HERITAGE American Heritage American Heritage Branch	236 W DeKalb Pike	King of Prussia	PA
AMERICAN HERITAGE American Heritage American Heritage Branch	236 W DeKalb Pike	King of Prussia	PA
AMERICAN HERITAGE American Heritage American Heritage Branch	236 W DeKalb Pike	King of Prussia	PA
NAVY FEDERAL CREDIT UNION Navy Federal Credit Navy Federal Credit Branch	Naval Air Station, Commsvcs Center Bldg 2	Willow Grove	PA
GENISYS 21 Blue Bell 21 Blue Bell Branch	1510 Dekalb Pike	Blue Bell	PA
NAVY FEDERAL CREDIT UNION Navy Federal Credit Navy Federal Credit Branch	Naval Air Station, Commsvcs Center Bldg 2	Willow Grove	PA
GENISYS 21 Blue Bell 21 Blue Bell Branch	1510 Dekalb Pike	Blue Bell	PA
MERCK SHARP & DOHME Merck Sharp & Dohme Merck Sharp & Dohme Branch	665 Main St	Harleysville	PA
NAVY FEDERAL CREDIT UNION Navy Federal Credit Navy Federal Credit Branch	Naval Air Station, Commsvcs Center Bldg 2	Willow Grove	PA
GENISYS 21 Blue Bell 21 Blue Bell Branch	1510 Dekalb Pike	Blue Bell	PA
NAVY FEDERAL CREDIT UNION Navy Federal Credit Navy Federal Credit Branch	Naval Air Station, Commsvcs Center Bldg 2	Willow Grove	PA
NAVY FEDERAL CREDIT UNION Navy Federal Credit Navy Federal Credit Branch	Naval Air Station, Commsvcs Center Bldg 2	Willow Grove	PA
TRUMARK FINANCIAL Trumark Financial Trumark Financial Branch	115 E. Swedesford Rd	Wayne	PA
MERCK SHARP & DOHME Merck Sharp & Dohme Merck Sharp & Dohme Branch	665 Main St	Harleysville	PA
NAVY FEDERAL CREDIT UNION Navy Federal Credit Navy Federal Credit Branch	Naval Air Station, Commsvcs Center Bldg 2	Willow Grove	PA
NAVY FEDERAL CREDIT UNION Navy Federal Credit Navy Federal Credit Branch	Naval Air Station, Commsvcs Center Bldg 2	Willow Grove	PA
TRUMARK FINANCIAL Trumark Financial Trumark Financial Branch	115 E. Swedesford Rd	Wayne	PA
SUN EAST Sun East Sun East Branch	3601 Chichester Avenue	Boothwyn	PA
POLICE & FIRE Police & Fire Police & Fire Branch	7604 City Avenue	Philadelphia	PA
NAVY FEDERAL CREDIT UNION Navy Federal Credit Navy Federal Credit Branch	Naval Air Station, Commsvcs Center Bldg 2	Willow Grove	PA
MERCK SHARP & DOHME Merck Sharp & Dohme Merck Sharp & Dohme Branch	665 Main St	Harleysville	PA
SUN EAST Sun East Sun East Branch	3601 Chichester Avenue	Boothwyn	PA
CITADEL Citadel Citadel Branch	4923 Edgmont Avenue	Brookhaven	PA
TRUMARK FINANCIAL Trumark Financial Trumark Financial Branch	115 E. Swedesford Rd	Wayne	PA
NORTHWOOD Northwood Federal Cu Northwood Federal Cu Branch	6836 Castor Ave	Philadelphia	PA
EAGLE ONE Eagle One Eagle One Branch	7500 Lindbergh Blvd	Philadelphia	PA
CITADEL Citadel Citadel Branch	4923 Edgmont Avenue	Brookhaven	PA
EAGLE ONE Eagle One Eagle One Branch	7500 Lindbergh Blvd	Philadelphia	PA
SPIRIT FINANCIAL Fairless Hills Fairless Hills Branch	521 S Oxford Valley Rd	Fairless Hills	PA
SUN EAST Sun East Sun East Branch	3601 Chichester Avenue	Boothwyn	PA
CITADEL Citadel Citadel Branch	4923 Edgmont Avenue	Brookhaven	PA
CITADEL Citadel Citadel Branch	4923 Edgmont Avenue	Brookhaven	PA
SPIRIT FINANCIAL Fairless Hills Fairless Hills Branch	521 S Oxford Valley Rd	Fairless Hills	PA
PHILADELPHIA Baltimore Ave Branch Baltimore Ave Branch	5000 Baltimore Ave	Philadelphia	PA
UKRAINIAN SELFRELIANCE Ukrainian Selfrelian Ukrainian Selfrelian Branch	700 Cedar Road	Jenkintown	PA
EAGLE ONE Eagle One Eagle One Branch	7500 Lindbergh Blvd	Philadelphia	PA
FREEDOM Lansdale Branch Lansdale Branch	636 E Main St	Lansdale	PA
SUN EAST Sun East Sun East Branch	3601 Chichester Avenue	Boothwyn	PA
PHILADELPHIA Baltimore Ave Branch Baltimore Ave Branch	5000 Baltimore Ave	Philadelphia	PA
SUN Sun Sun Branch	390 W. Lancaster Ave.	Haverford	PA
NORTH PENN North Penn Fed. Credit Union North Penn Fed. Credit Union Branch	123 Bethlehem Pike	Colmar	PA
PENN Media Members Fcu Media Members Fcu Branch	800 River Rd	Conshohocken	PA
AFFILIATED TRADES Local 380 I.b.e.w. Local 380 I.b.e.w. Branch	3900 RIDGE PIKE	COLLEGEVILLE	PA
FORGE Pstc Employees Fcu Pstc Employees Fcu Branch	1402 Bywood Ave	Upper Darby	PA
FEDCHOICE Philadelpia Financial Service Center Philadelpia Financial Service Center Branch	2970 Market St	Philadelphia	PA
NAVY FEDERAL CREDIT UNION Navy Federal Credit Navy Federal Credit Branch	Naval Air Station, Commsvcs Center Bldg 2	Willow Grove	PA
EVERENCE Souderton Souderton Branch	121 N Main St Ste 201	Souderton	PA
SUN Sun Sun Branch	390 W. Lancaster Ave.	Haverford	PA
FRANKLIN MINT Riddle Memorial Hospital Riddle Memorial Hospital Branch	1068 W Baltimore Pike	Media	PA
VIRIVA COMMUNITY Viriva Community Viriva Community Branch	205 W. Germantown Pike, Penn Square Shopping Cente	Norristown	PA
INSPIRE Bucks First Bucks First Branch	1432 Easton Road	Warrington	PA
RELIANCE Reliance Reliance Branch	20102 Valley Forge Circle	King of Prussia	PA
SUN Sun Sun Branch	390 W. Lancaster Ave.	Haverford	PA
FRANKLIN MINT Riddle Memorial Hospital Riddle Memorial Hospital Branch	1068 W Baltimore Pike	Media	PA
NORTH PENN North Penn Fed. Credit Union North Penn Fed. Credit Union Branch	123 Bethlehem Pike	Colmar	PA
PENN Media Members Fcu Media Members Fcu Branch	800 River Rd	Conshohocken	PA
VIRIVA COMMUNITY Viriva Community Viriva Community Branch	205 W. Germantown Pike, Penn Square Shopping Cente	Norristown	PA
AFFILIATED TRADES Local 380 I.b.e.w. Local 380 I.b.e.w. Branch	3900 RIDGE PIKE	COLLEGEVILLE	PA
UKRAINIAN SELFRELIANCE Ukrainian Selfrelian Ukrainian Selfrelian Branch	700 Cedar Road	Jenkintown	PA
INSPIRE Bucks First Bucks First Branch	1432 Easton Road	Warrington	PA
RELIANCE Reliance Reliance Branch	20102 Valley Forge Circle	King of Prussia	PA
RELIANCE Reliance Reliance Branch	20102 Valley Forge Circle	King of Prussia	PA
FREEDOM Lansdale Branch Lansdale Branch	636 E Main St	Lansdale	PA
EVERENCE Souderton Souderton Branch	121 N Main St Ste 201	Souderton	PA
SUN Sun Sun Branch	390 W. Lancaster Ave.	Haverford	PA
MERCK SHARP & DOHME Merck Sharp & Dohme Merck Sharp & Dohme Branch	665 Main St	Harleysville	PA
GENERAL ELECTRIC EMPLOYEES Valley Forge Valley Forge Branch	230 Mall Blvd Bldg 100	King of Prussia	PA
HONEYWELL PHILADELPHIA DIV Pnc Bank Pnc Bank Branch	132 E Butler Ave	Ambler	PA
PENN Media Members Fcu Media Members Fcu Branch	800 River Rd	Conshohocken	PA
VIRIVA COMMUNITY Viriva Community Viriva Community Branch	205 W. Germantown Pike, Penn Square Shopping Cente	Norristown	PA
FORGE Pstc Employees Fcu Pstc Employees Fcu Branch	1402 Bywood Ave	Upper Darby	PA
UPPER DARBY BELLTELCO Upper Darby Belltelco Fcu Upper Darby Belltelco Fcu Branch	1410 Bywood Ave	Upper Darby	PA
ADVANTAGE FINANCIAL Philadelphia Va Offices Philadelphia Va Offices Branch	5000 WISSAHICKON AVE	PHILADELPHIA	PA
SUPERIOR CREDIT UNION Superior Credit Unio Superior Credit Unio Branch	1 Crosskeys Rd	Collegeville	PA
AMERICAN HERITAGE American Heritage American Heritage Branch	236 W DeKalb Pike	King of Prussia	PA
SUN EAST Sun East Sun East Branch	3601 Chichester Avenue	Boothwyn	PA
GENISYS 21 Blue Bell 21 Blue Bell Branch	1510 Dekalb Pike	Blue Bell	PA
PHILADELPHIA Baltimore Ave Branch Baltimore Ave Branch	5000 Baltimore Ave	Philadelphia	PA
EVERENCE Souderton Souderton Branch	121 N Main St Ste 201	Souderton	PA
EAGLE ONE Eagle One Eagle One Branch	7500 Lindbergh Blvd	Philadelphia	PA
CITADEL Citadel Citadel Branch	4923 Edgmont Avenue	Brookhaven	PA
SUN Sun Sun Branch	390 W. Lancaster Ave.	Haverford	PA
BENCHMARK Benchmark Benchmark Branch	500 Arcola Rd	Collegeville	PA
RELIANCE Reliance Reliance Branch	20102 Valley Forge Circle	King of Prussia	PA
TRUMARK FINANCIAL Trumark Financial Trumark Financial Branch	115 E. Swedesford Rd	Wayne	PA
FRANKLIN MINT Riddle Memorial Hospital Riddle Memorial Hospital Branch	1068 W Baltimore Pike	Media	PA
3HILL Norristown Bell Norristown Bell Branch	588 North Gulph Road	King of Prussia	PA
GENERAL ELECTRIC EMPLOYEES Valley Forge Valley Forge Branch	230 Mall Blvd Bldg 100	King of Prussia	PA
SUPERIOR CREDIT UNION Superior Credit Unio Superior Credit Unio Branch	1 Crosskeys Rd	Collegeville	PA
VIRIVA COMMUNITY Viriva Community Viriva Community Branch	205 W. Germantown Pike, Penn Square Shopping Cente	Norristown	PA
ARDENT Sb1 Sb1 Branch	1250 S. Collegeville Road	Collegeville	PA
ACCESS Nba Credit Union Nba Credit Union Branch	23 Commerce Cir	Bristol	PA
FEDCHOICE Philadelpia Financial Service Center Philadelpia Financial Service Center Branch	2970 Market St	Philadelphia	PA
EVERENCE Souderton Souderton Branch	121 N Main St Ste 201	Souderton	PA
BENCHMARK Benchmark Benchmark Branch	500 Arcola Rd	Collegeville	PA
GENERAL ELECTRIC EMPLOYEES Valley Forge Valley Forge Branch	230 Mall Blvd Bldg 100	King of Prussia	PA
ARDENT Sb1 Sb1 Branch	1250 S. Collegeville Road	Collegeville	PA
ACCESS Nba Credit Union Nba Credit Union Branch	23 Commerce Cir	Bristol	PA
INSPIRE Bucks First Bucks First Branch	1432 Easton Road	Warrington	PA
SPIRIT FINANCIAL Fairless Hills Fairless Hills Branch	521 S Oxford Valley Rd	Fairless Hills	PA
FEDCHOICE Philadelpia Financial Service Center Philadelpia Financial Service Center Branch	2970 Market St	Philadelphia	PA
ADVANTAGE FINANCIAL Philadelphia Va Offices Philadelphia Va Offices Branch	5000 WISSAHICKON AVE	PHILADELPHIA	PA
TRANSIT WORKERS Branch Office Branch Office	1933 Fairmount Ave	Philadelphia	PA
DELCO POSTAL 1400 Bywood Upper Darby Pa 1400 Bywood Upper Darby Pa Branch	1400 Bywood Ave	upper Darby	PA

BestCashCow strives to maintain the most accurate rates. If you believe a rate is not accurate, please let us know.

FREQUENTLY ASKED QUESTIONS ABOUT CREDIT UNIONS

Why are credit union rates sometimes better than those from local and online banks?

The core difference between banks and credit unions is true regardless of size: Credit unions are nonprofits owned by the members, while banks are for-profit organizations. Credit unions can therefore sometimes pass along their profits in the form of lower rates (or better loan terms). Banks have some flexibility when competition forces it, but have to deliver an expected return on capital to their owners.

Is customer service better at credit unions that local banks or online banks?

Credit unions have long surpassed commercial banks for customer satisfaction. But as membership grows, their lead is shrinking, at least when compared with smaller banks. It’s also worth noting that in recent years, several online-only banks have earned high marks for their customer-friendly service options and their transparent discussions of fees and rates. You may enjoy the local interaction with a credit union, but unless you are also getting a competitive rate, you may find that you best bet is to also have an online bank where you keep most of you money.

Is there any difference between a share certificate offered by a credit union and a savings or money market account offered by a bank?

The difference is mainly one of terminology, as increasingly is the difference between savings and money market accounts. Be sure to understand how to access you account. Look for no fees so long as certain balances are maintained, easy liquidity and ability to transfer your money to your accounts at other institutions, including ACH transfers to online banks.

Do Credit Unions lack technology that banks have?

As technology becomes a larger part of our everyday lives, customers rely on the ability to bank online or through a mobile device, such as an iPhone. Although credit unions are making the effort to keep pace with new financial technologies, they are still trailing banks (especially the leading online banks) on this front. Several third party platforms for online banking and mobile banking are increasingly being adopted throughout the banking industry, and credit unions will likely begin to adopt these as well, which should narrow or remove the gap between them and banks.

Is my money any less safe?

As long as your credit union is NCUA insured and you stay within the NCUA limits, As long as your credit union is NCUA insured and you stay within the NCUA limits, your money is no less safe than it would be in an FDIC-insured bank.

Should I consider time deposits?

Time deposits are the credit union’s term for certificates of deposit, but, aside from slightly different terminology, are virtually the same product. Time deposits have less liquidity, but if you are unlikely to require access to your cash for some time, you may be able to significantly augment your rate of return and the growth of your capital. Since unforeseen circumstances do arise, it is important to understand the early withdrawal fees that may even eat into your principal, and early withdrawal is often entirely at the credit union’s discretion. BestCashCow compiles all rates of all credit unions near you. Access this information here. You should also familiarize yourself with our Savings Booster Calculator in order to understand the importance of compounding interest at higher rates on your savings over time.

5 POINT CHECKLIST OF THINGS THAT MAKE CREDIT UNIONS GREAT

Rates are often better than savings and CD rates at local banks. Borrowing rates are sometimes lower too.
Members are Owners of a nonprofit. When you open an account at a credit union, your account is actually a share and provides you voting rights. Since credit unions are run as non-profits, you aren’t going to get appreciation or dividends from your ownership. Instead, these institutions have the ultimate goal of providing their members better rates on loans and financial products. When a credit union makes a profit, it is used to provide better opportunities to the community that it serves.
Clerks work with you. Since credit unions are small and serve their owners, they try hard to keep them happy. Many credit unions have fans for life after a clerk stays late to complete loan documents, and giving pointers about avoiding fees.
Credit unions provide low-income and financially distressed individuals the chance to qualify for financing.
Credit unions often run special programs that enable people to save for the holidays (such as Christmas Clubs) or to help finance the cost of higher education and university.