Sep, 30, 2025 — FRANKLIN TRUST FEDERAL CREDIT UNION is a federal credit union headquartered in HARTFORD, CT with 1 branch location and about $64.99 million in total assets. Opened 92 years ago in 1934, FRANKLIN TRUST FEDERAL CREDIT UNION has about 8,972 members and employs 29 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | FRANKLIN TRUST FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 624 Franklin Ave HARTFORD, CT 06114 |
| Phone: | (860) 296-4379 |
| Fax: | |
| Website: | https://www.franklintrust.org |
| Branches: | 1 branch locations |
| Members: | 8,972 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 12 |
|---|---|
| Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
| Corporate Credit Union: | No |
| Year Opened: | 1934 |
| Last Audited: | Mar 01, 2025 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $64,991,643 |
| CEO/Manager: | Deborah A Althen |
| Chairperson: | David A Krikorian |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 3,155,206 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 9,534,792 |
| Unsecured Loans | 12,430,575 |
| Other Loans | 9,330,924 |
| TOTAL LOANS | 31,296,292 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -1,168,876 |
| Land And Building | 4,778,174 |
| Other Fixed Assets | 357,089 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 543,791 |
| All Other Assets | 0 |
| TOTAL ASSETS | 64,991,643 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 12,028 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 336,598 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 15,626,097 |
| Regular shares | 23,642,201 |
| All Other Shares & Deposits | 19,753,383 |
| TOTAL SHARES & DEPOSITS | 59,021,681 |
| TOTAL LIABILITIES | 59,370,307 |
| Regular Reserve | 0 |
| Other Reserves | -869,906 |
| Undivided Earnings | 6,491,242 |
| TOTAL EQUITY | 5,621,336 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 64,991,643 |
| INCOME & EXPENSE | |
| Loan Income | 2,454,507 |
| Investment Income | 558,975 |
| Other Income | 1,045,281 |
| Total Employee Compensation & Benefits | 1,528,422 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 2,190,891 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 602,806 |
| Cost of Funds | 370,314 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 230,149 |
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