Patriot Federal Credit Union is a full service credit union, serving its members with world class service. Established in 1965, Patriot Federal Credit Union is a not-for-profit financial cooperative, democratically owned and run by its members. The credit union is governed by a volunteer Board of Directors, elected by the membership. Peggy J. Bosma-LaMascus is President and Chief Executive Officer.
On July 13, 2000, Patriot Federal Credit Union became a Community Charter. A community charter permits a field of membership that is geographic-based rather than sponsor-based. You are eligible to join, if you live, attend school, worship, or work in: Franklin County, PA; Fulton County, PA; Washington County, MD; or the Borough of Shippensburg, PA (including the portion in Cumberland County, PA).
Your Credit Union membership is for life, regardless of whether you change jobs, move, or retire. Wherever you go or whatever you do, you can access your Credit Union's financial products and services by mail, phone, fax, e-mail, Internet, and nationwide ATMs.
With assets in excess of $362 million, PFCU is federally insured by the National Credit Union Administration. Five (5) branch office locations serve its more than 41,000 members. Organized to meet members' financial needs, PFCU offers a full line of savings and loan products and services, including mortgages. Members enjoy competitive savings rates, attractive loan rates, and low or no fee services.
PFCU has become one of the largest credit unions in the state of Pennsylvania. Management leadership, technological advancements, employee education, recruitment and training of volunteers, and the cooperative efforts of the total credit union "family" have been important contributing factors toward the successful growth of PFCU.
The on-going addition of automated services provides members with convenient access to their credit union accounts from home or office. As a technologically advanced credit union, PFCU members take advantage of automated services such as SMARTLine, a 24-hour audio response system; SMART Pay, a 24-hour bill payer service; Loan Connection, a 24 hour loan application program; SurePay, a Courtesy Pay Service; e-Statements; VISA Check Cards; and eBRANCH.
1965
January 4 - PFCU (formerly Letterkenny Federal Credit Union) opened for business!
1966
Auto Financing was added to the credit union's growing list of products and services.
1971
Christmas Clubs were introduced.
1973
May - First merger: Valley Forge Federal requested merger into PFCU's field of membership.
1975
Mortgage Loans were added to PFCU's loan portfolio.
1975
November - Broke ground for Letterkenny Army Depot office in Chambersburg, Pennsylvania.
1976
Share Draft Checking accounts were added.
Merged with Borough of Chambersburg FCU.
July 24 - Letterkenny Army Depot office open house.
1980
Merged with Fort Ritchie FCU. Added Fort Ritchie, Maryland office.
1981
March 7 - Broke ground for Federal Street Office in Chambersburg.
1982
Merger with Lanmaco Employees FCU added a Waynesboro, Pennsylvania Office.
Ribbon cutting ceremony at South Potomac, Waynesboro, Pennsylvania office.
1983
A regulation change by NCUA opened the door for numerous area employer sponsor groups to be added to the field of membership.
1984
Nicrete FCU merged with PFCU.
1985
Arnold Graphics FCU merged with PFCU.
1986
April 23 - Broke ground for new main office on Wayne Avenue in Chambersburg, PA.
1987
May 11 - Wayne Avenue Office opened for business.
VISA® credit cards were introduced.
1988
New services added:
* Automated Teller Machines (ATMs), offering the MAC® system and its long distance PLUS® affiliation
* Home Equity Lines of Credit (HELOC)
1990
PFCU celebrated its Silver Anniversary.
1991
Merged with T.B. Woods FCU. PFCU reached $100 million in assets.
New Services added:
* Electronic Income Tax Filing
* Cardinal Response System (for VISA®)
* Credit Counseling Services
1993
The Richard E. Baumunk Memorial Scholarship Award competition was established for graduating seniors who are members of PFCU.
1994
Merged with Domestic FCU in Shippensburg, PA. Domestic is a division of General Casting.
New products and services were introduced, including:
* Money Management Certificate
* Youth Saver Certificate
* IRA Market Index Certificate
* VA Mortgages
* Smart Line (Smart Member Audio Response Teller System) Automated Telephone System.
1995
January 1- The credit union's name was changed to Patriot Federal Credit, a name more representative of its diverse and growing membership.
New services added:
* Point of Purchase Car Loans
* Bridge Mortgages
* Prepaid Phone Cards
Jason Kushner was named recipient of the 1995 Richard Baumunk Memorial Scholarship award.
1996
PFCU reached 40,000 members and exceeded $150 million in assets!
PFCU's POP lending program captured the market share of indirect lending business in Franklin/Fulton Counties. $8 million in loans was funded through this program!
PFCU invested in a new and exciting venture for members. PFCU became an investor and business partner in the Sentry Trust Company. Sentry Trust Company offers Trust services to the membership.
New Services added:
* SMART Pay - PFCU's bill payer service
Kimberley Greene was named recipient of the 1996 Richard Baumunk Memorial Scholarship award.
1997
New Services added:
* Loan by Phone
* MAC®/VISA®Check Card
* Internet Web Site
Scott Weishaar was named recipient of the 1997 Richard Baumunk Memorial Scholarship award.
1998
August 19 - PFCU signs contract to begin construction of new Waynesboro Financial Services Center.
October 5 - Waynesboro Financial Services Center Ground-Breaking Ceremony.
Allison Gray was named recipient of the 1998 Richard Baumunk Memorial Scholarship award.
1999
May - Greenvillage & Greencastle ATMs opened for business.
October 20 - Waynesboro Financial Services Center opens door for business.
November 15 - Shippensburg ATM opened for business.
November 20 - Waynesboro Financial Services Center holds Open House.
Stephanie Bulka was named recipient of the 1999 Richard Baumunk Memorial Scholarship award.
2000
July 13 - Patriot Federal Credit Union receives Community Charter.
August 11 - St. Thomas ATM opened for business.
October 1 - Patriot Federal Credit Union launched e-BRANCH.
November 1 - Patriot Federal Credit Union launched new product: Member Business Service Checking.
December 18 - Fayetteville ATM opened for business.
Patrick Gray was named recipient of the 2000 Richard Baumunk Memorial Scholarship award.
2001
October 12 - McConnellsburg ATM opened for business.
Kevin Williams was named recipient of the 2001 Richard Baumunk Memorial Scholarship award.
2002
PFCU introduced Customized Lending.
Jessica Landis was named recipient of the 2002 Richard Baumunk Memorial Scholarship award.
2003
March 31 - Patriot Financial Services (PFS) became available to members.
April 23 - Washington County, Maryland ATM opened for business.
Alaina Bigler was named recipient of the 2003 Richard Baumunk Memorial Scholarship award.
2004
January & February: Patriot Financial Services (PFS) Seminar - "Financial Strategies for Successful Retirement".
Zachary Mills was named recipient of the 2004 Richard Baumunk Memorial Scholarship award.
e-BRANCH expanded features such as online enrollment in e-BRANCH and SMARTLine, certificate purchases and electronic statements.
Upgraded four ATMs with Bi-lingual option to assist our Hispanic members.
2005
PFCU celebrated its 40th Anniversary
VISA Gift Cards were introduced.
PFCU introduced Check Imaging.
Garrett Sipes was named recipient of the 2005 Richard Baumunk Memorial Scholarship award.
October 18 - FICO Score Seminar "Understanding Your Credit Score"
October - PFCU forms first Advisory Group Panel.
2006
PFCU introduced eMortgage.
June 20 - PFCU broke ground for the new expansion project.
Ashley Martin was named recipient of the 2006 Richard Baumunk Memorial Scholarship award.
2007
March 31 - PFCU declares bonus dividend/loan interest rebate of $500,000.
June 30 -PFCU declares bonus dividend/loan interest rebate of $200,000.
July 9 - PFCU introduces eSMART Deposit Sept 24 - Opens 5th branch location at North Pointe Centre, Hagerstown, MD. Sept 30 - PFCU declares bonus dividend/loan interest rebate of $200,000.
2008
January 1 - PFCU declares bonus dividend/loan interest rebates for 2007 was over $1 million to the membership. Feb 19 - Renovated Wayne Avenue office opens.