“We’re working on a succession plan,” he said. “We always say if you’re not growing, you’re not surviving,” he said.Īt 70, Unangst said he has no concrete plans for retiring but acknowledged the credit union must be prepared. While it took Franklin Mint, founded in 1970, 47 years to top the $1 billion mark in assets, Unangst projects it will reach $2 billion in the next five years. “We knock on a lot of doors,” the CEO said. “The area is booming.”įMFCU is a Select Employer Group credit union, which means it must be invited by companies and organizations to provide financial services to employees. “The timing was right for them and it was the right timing for us as well,” Unangst said. The credit union has a 15-year lease for the new corporate headquarters at 5 Hilman Drive, which was built by the Henderson Group. There are also fun stamps celebrating cultural. This collection offers rare stamps such as the Civil War stamp collection, WWII stamp collection, the suffrage stamp collection, Women Who Shaped America stamp collection, and Black History Month. Its future growth will come from Chester County and Delaware, the CEO said. We have curated a comprehensive collection of stamps commemorating important events in U.S. The new location was chosen because it remains in Delaware County, but is closer to where future growth is expected, Unangst said.Ĭurrently, FMFCU has four branches in Chester County, two in the state of Delaware, two in Philadelphia and the rest in Delaware County.
To continue to grow, Franklin Mint chose to relocate to Chadds Ford. “It is because of their exceptional hard work this award is even possible.” “I will be accepting this award on behalf of the dedicated and talented employees of FMFCU,” Unangst said. When he arrived from Provident National Bank, now PNC, Unangst was the third employee at FMFCU. More recently, in 2013, the Credit Union Network for Financial Literacy was created to offer The Berenstain Bears Financial Literacy Program to credit unions.
to offer mortgages and services to other credit unions and their members. In 1986, FMFCU formed State Financial Network LLC. We were the 400th (largest) in Pennsylvania in 1976. “We’ve survived, diversified and have grown when other credit unions have not. There are less than 6,000 today,” he said. “There were 22,000 credit unions in 1976. “I was surprised, because I wasn’t told (the nomination) was submitted,” said Unangst, 70, of Kennett Square.Īmong his accomplishments, Unangst said he is most proud of the growth of the credit union – particularly at a time when many failed or were forced to merge. He will be recognized during the national organization’s 50th annual conference, which is being held this week in Hawaii. Now the president and CEO of the Delaware County-based financial institution that is moving from Broomall to Chadds Ford next month is about to see another: He has been named CEO of the Year for credit unions with more than $250 million in assets by the National Association of Federally Insured Credit Unions. Unangst has seen a lot in his 40 years at Franklin Mint Federal Credit Union.
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