FMFCU closed one of its busiest years on record this June. We tracked a completed merger, a new CEO, and a fresh round of community grants.
For the 163,000+ members across the Delaware Valley, the changes point to a bigger, steadier institution heading into the second half of 2026.
Key Takeaways
- FMFCU now holds $2.2 billion in assets after the Benchmark FCU merger wrapped up in March 2026.
- Drew Stanley stepped in as President and CEO on May 1, 2026, following Michael B. Magnavita’s retirement.
- The credit union earned the Forbes Best-in-State honor for 2024 and 2025, per Forbes.
What Just Happened at FMFCU?
The biggest story is leadership and scale. We found that Drew Stanley took the top job in May, while the Benchmark FCU merger added members and branches across the region.
Both moves expand Delaware Valley banking access for current and incoming members. Federally insured deposits remain protected under NCUA rules.
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Recent News Timeline
| Date | Event |
|---|---|
| Dec 2025 | Magnavita retirement announced, Stanley named successor |
| Mar 2026 | Benchmark FCU merger completed |
| Apr 2026 | 2025 Annual Report published |
| May 1, 2026 | Drew Stanley begins as President/CEO |
| May 2026 | $5,000 Magnavita Financial Empowerment Grant established |
| Jun 1, 2026 | Foundation Golf Classic held at Radley Run |
| Jun 16, 2026 | First State Favorites Award voting opens |
How Big Is the Credit Union Now?
Our analysis suggests the merger pushed FMFCU into a stronger position statewide. The numbers back that up clearly.
The institution ranks seventh in asset size in Pennsylvania and remains the largest financial institution headquartered in Delaware County. You can verify federally insured credit union data through.
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FMFCU Key Stats
| Metric | Figure |
|---|---|
| Total assets | $2.2 billion |
| Members | 163,000+ |
| Partner organizations | 6,000+ |
| Founded | 1970 |
| Headquarters | Chadds Ford, PA |
| Recognition | Forbes Best-in-State 2024–2025 |
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What Does This Mean for Members?
If you have been following community credit union news, this consolidation will not surprise you. We see three direct benefits for everyday members.
The home equity FLEX line of credit lets you draw on your home’s value as needed. The Better Banking program advertises paychecks up to two days sooner. Forbes ratings, available at Forbes, confirm the credit union’s standing.
- Credit union membership now covers former Benchmark FCU account holders.
- Financial wellness workshops run free, led by Certified Personal Financial Educators.
- The Greenlight app gives kids and teens a guided way to save and spend.
How Is FMFCU Giving Back?
The FMFCU Foundation stayed active through the spring and summer. We tracked a new grant and a well-attended fundraiser.
The $5,000 Magnavita Financial Empowerment Grant honors the former CEO and funds local financial education. Foundation activity is detailed on the official site, while insured-institution context comes from NCUA.
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Foundation & Community Highlights
| Initiative | Detail |
|---|---|
| Golf Classic | June 1, ~100 golfers, 50+ sponsors |
| Magnavita Grant | $5,000 annual award |
| Delco Hi-Q | Oldest continuous academic quiz in the U.S. |
| First State Favorites | Voting open through June 30, 2026 |
The Bottom Line
We stand by a simple read of the year. The merger, the new CEO, and the steady awards point to growth, not disruption.
For members across the Delaware Valley, FMFCU enters the second half of 2026 larger and better recognized. Voting for the First State Favorites Award closes today, June 30, so members still have time to weigh in.
FMFCU Reshapes Delaware Valley Banking in 2026
FMFCU closed one of its busiest years on record this June. We tracked a completed merger, a new CEO, and a fresh round of community grants.https://t.co/u2z8U5AKlZ
— Atholton News (@atholtonnews55) June 30, 2026For More Latest Updates Atholton News