Credit union HQ plans CF move

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An artist’s rendering of the future headquarters building for Franklin Mint Federal Credit Union now Being built in the Chadds Ford Business Campus.

Franklin Mint Federal Credit Union is moving its corporate headquarters to Chadds Ford. The credit union has had its sights on the empty lot 11 on Hillman Drive across from Evergreen Place in the Chadds Ford Business Campus. And now it’s a done deal.

According to Bryan Brockson, the credit union’s assistant vice president for facilities and procurement, the credit union’s Broomall headquarters served the company well for 20 years, but company growth led to a search for a larger facility.

During those 20 years, FMFCU has grown from $130 million in assets and 34,000 members to $1 billion in assets and 82,000 members. The company will need 52,000 square feet of space by 2021.

There are 179 employees working out of the Broomall office, but that number is expected to jump to 240 by the end of 2021, as estimated by the credit union’s five-year plan.

“The board, management and staff are very excited about the possibilities in Chadds Ford. The facility will feature modern amenities, lighting and technology. This will assist with employee recruiting, retention and engagement,” Brockson said in an email.

FMFCU spent more than a year looking at 16 different locations throughout Delaware County, but settled on the Chadds Ford Business Campus, which is owned by The Henderson Group.

“The Henderson Property Group was aggressive in pursuing FMFCU as a tenant,” said FMFCU President and CEO John D. Unangst.  “I especially appreciated their receptiveness to our desire for a two-story, glass-enclosed café with grand staircase. The opening of two floors will produce tremendous work flow, communication, and camaraderie among employees.”

He added that while he takes pride in FMFCU being the largest credit union headquartered in Delaware County, it was important to remember its roots.

“Although the FMFCU branch network has expanded throughout the greater Philadelphia region, including Philadelphia and Wilmington, our hub and roots remain in Delaware County,” Unangst said.

Among the advantages of the new location are the ability to recruit from a wider area and more options for the staff regarding amenities such as restaurants, shopping and medical care. It will be a modern, energy-efficient building and the layout can be customized to fit changing needs, Unangst said.

The lot was approved for a three-story office building years ago, but no further action was taken. The YMCA expressed interest in building a facility there in 2013, but residents — mostly from Painters Crossing Condominiums and The Estates at Chadds Ford — balked. Township supervisors gave no encouragement to the Y to pursue the idea, and the Y eventually decided against moving into Chadds Ford.

 

About Rich Schwartzman

Rich Schwartzman has been reporting on events in the greater Chadds Ford area since September 2001 when he became the founding editor of The Chadds Ford Post. In April 2009 he became managing editor of ChaddsFordLive. He is also an award-winning photographer.

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