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FRANKLIN TRUST FEDERAL CREDIT UNION

Mar, 31, 2021 — FRANKLIN TRUST FEDERAL CREDIT UNION is a federal credit union headquartered in HARTFORD, CT with 1 branch location and about $63.81 million in total assets. Opened 87 years ago in 1934, FRANKLIN TRUST FEDERAL CREDIT UNION has about 9,307 members and employs 28 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:9,307
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:$63,808,734
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 7,656,884
TOTAL INVESTMENTS 26,451,443
Loans Held for Sale 0
 
 Real Estate Loans 4,888,676
 Unsecured Loans 8,617,574
 Other Loans 7,491,618
 TOTAL LOANS 20,997,868
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -548,973
 Land And Building 5,411,370
 Other Fixed Assets 711,400
 NCUSIF Deposit 517,002
 All Other Assets 2,611,740
  TOTAL ASSETS 63,808,734
LIABILITIES & CAPITAL:  
 Dividends Payable 1,202
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 162,441
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 16,907,705
 Regular shares 29,723,346
 All Other Shares & Deposits 15,026,446
  TOTAL SHARES & DEPOSITS 61,657,497
  TOTAL LIABILITIES 61,821,140
 Regular Reserve 1,275,492
 Other Reserves -2,411,643
 Undivided Earnings 3,123,745
  TOTAL EQUITY 1,987,594
  TOTAL LIABILITIES, SHARES, & EQUITY 63,808,734
INCOME & EXPENSE  
 Loan Income 536,232
 Investment Income 24,688
 Other Income 250,023
 Total Employee Compensation & Benefits 431,577
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 527,478
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 45,000
 Cost of Funds 14,709
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 59,130
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