Citadel Credit Union is an American credit union headquartered in Exton, Chester County, Pennsylvania.
 | |
| Company type | Credit union |
|---|---|
| Industry | Financial services |
| Founded | 1937 |
| Headquarters | Exton, Chester County, Pennsylvania, Pennsylvania , |
Area served | Bucks, Chester, Delaware, Montgomery, Lancaster, and Philadelphia Counties in Pennsylvania |
| Products | Savings; checking; consumer loans; mortgages; credit cards; online banking; Savings;Money market account;Wealth management |
| Total assets | $5B USD (2023) |
| Website | www |
Citadel serves Bucks, Chester, Delaware, Lancaster, Montgomery, and Philadelphia counties with 24 branch locations in Southeastern Pennsylvania. It is chartered and regulated under the authority of the National Credit Union Administration (NCUA). Citadel offers banking, and retirement and wealth management. Citadel provides services to more than 200,000 customers.
As of 2020[update], it was the fourth largest credit union in Pennsylvania.[1] It is the second largest credit union in the Greater Philadelphia area.[1]
History
editCitadel was founded in 1937 in Coatesville, Pennsylvania by Lukens Steel employees as the Lukens Employee Federal Credit Union.[2]
In 2001, Citadel partnered with the Chester County Intermediate Unit to establish the Citadel Heart of Learning Awards program. The program honors Chester County’s most outstanding teachers each year.[3]
In 2005, Citadel acquired Atlantic Credit Union of Newtown Square, Pennsylvania.[4] The merger grew Citadel to an almost $1 billion credit union.
In 2006, the NCUA granted Citadel the right to expand its charter into Bucks, Delaware, Lancaster, Philadelphia, and Montgomery counties.[5]
In 2011, Citadel moved its corporate headquarters to Exton, Pennsylvania from Thorndale, Pennsylvania.[6] The company continued to be ranked 2nd in assets among credit unions in the Philadelphia area.[7]
References
edit- ^ a b "Credit Union Data and Trends". CUData.com. CU Data.
- ^ "Who We Are". CitadelBanking.com. Citadel Federal Credit Union. Retrieved April 18, 2024.
- ^ "Citadel Heart of Learning". Citadel Banking. Citadel Federal Credit Union.
- ^ "Citadel, Atlantic credit unions to merge". Philadelphia Business Journal. 28 October 2004. Retrieved 28 October 2004.
- ^ "Regional Summary: Community Charter Expansion" (PDF). NCUA.gov. Archived from the original (PDF) on 2017-02-07. Retrieved 2017-01-31.
- ^ "Citadel 2011 Annual Report" (PDF). CitadelBanking.com. Citadel Federal Credit Union. Retrieved 2017-01-31.[dead link]
- ^ "Credit Unions in the Philadelphia Region with the Most Assets as of March 2018". American City Business Journals. August 10, 2018.