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FRANKLIN TRUST FEDERAL CREDIT UNION

Dec, 31, 2020 — FRANKLIN TRUST FEDERAL CREDIT UNION is a federal credit union headquartered in HARTFORD, CT with 1 branch location and about $54.40 million in total assets. Opened 87 years ago in 1934, FRANKLIN TRUST FEDERAL CREDIT UNION has about 9,291 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.


ABA Routing Number: 211176590
Name:FRANKLIN TRUST FEDERAL CREDIT UNION
Address:
(Main Office)
624 FRANKLIN AVE
HARTFORD, CT 06114
Phone:(860) 296-4379
Fax:
Website:http://www.franklintrust.org
Branches:1 branch locations
Members:9,291
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, 2020
FHLB Member:Yes
Low Income Designation:No
Assets:$54,402,663
CEO/Manager:Deborah A Althen
Chairperson:Peter Roach

Call Report

  • Overdraft Lines of Credit
  • Overdraft Protection
  • Real Estate Loans
  • Share Secured Credit Cards
  • Payday Alternative Loans (PAL Loans)
  • ATM/Debit Card Program
  • Check Cashing
  • Health Savings Accounts
  • Insurance/Investment Sales
  • International Remittances

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 12,585,869
TOTAL INVESTMENTS 12,760,443
Loans Held for Sale 0
 
 Real Estate Loans 5,033,865
 Unsecured Loans 9,813,260
 Other Loans 6,998,259
 TOTAL LOANS 21,845,384
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -548,074
 Land And Building 5,445,518
 Other Fixed Assets 739,254
 NCUSIF Deposit 517,002
 All Other Assets 1,057,267
  TOTAL ASSETS 54,402,663
LIABILITIES & CAPITAL:  
 Dividends Payable 1,243
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities -880,861
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 14,980,689
 Regular shares 21,270,289
 All Other Shares & Deposits 17,436,291
  TOTAL SHARES & DEPOSITS 53,687,269
  TOTAL LIABILITIES 52,807,651
 Regular Reserve 1,275,492
 Other Reserves -2,737,266
 Undivided Earnings 3,056,786
  TOTAL EQUITY 1,595,012
  TOTAL LIABILITIES, SHARES, & EQUITY 54,402,663
INCOME & EXPENSE  
 Loan Income 2,177,894
 Investment Income 166,298
 Other Income 2,092,865
 Total Employee Compensation & Benefits 2,228,944
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 2,273,879
 Non-operating Income & (Expense) 3,322
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 356,155
 Cost of Funds 80,732
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) -499,331
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