Jun, 30, 2024 — FRANKLIN TRUST FEDERAL CREDIT UNION is a federal credit union headquartered in HARTFORD, CT with 1 branch location and about $61.17 million in total assets. Opened 91 years ago in 1934, FRANKLIN TRUST FEDERAL CREDIT UNION has about 9,167 members and employs 27 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: | 9,167 |
| 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, 2022 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $61,171,460 |
| CEO/Manager: | Deborah A Althen |
| Chairperson: | David A Krikorian |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 1,562,194 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 6,204,436 |
| Unsecured Loans | 10,199,196 |
| Other Loans | 9,276,211 |
| TOTAL LOANS | 25,679,843 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -587,211 |
| Land And Building | 5,238,468 |
| Other Fixed Assets | 584,660 |
| NCUSIF Deposit | 568,077 |
| All Other Assets | 0 |
| TOTAL ASSETS | 61,171,460 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 738 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 281,107 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 15,184,883 |
| Regular shares | 26,823,624 |
| All Other Shares & Deposits | 15,379,457 |
| TOTAL SHARES & DEPOSITS | 57,387,964 |
| TOTAL LIABILITIES | 57,669,809 |
| Regular Reserve | 0 |
| Other Reserves | -1,977,524 |
| Undivided Earnings | 5,479,175 |
| TOTAL EQUITY | 3,501,651 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 61,171,460 |
| INCOME & EXPENSE | |
| Loan Income | 1,661,551 |
| Investment Income | 189,232 |
| Other Income | 990,110 |
| Total Employee Compensation & Benefits | 1,378,799 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 1,710,741 |
| Non-operating Income & (Expense) | 334,243 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 152,334 |
| Cost of Funds | 35,505 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 662,636 |
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