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FRANKLIN TRUST FEDERAL CREDIT UNION

Sep, 30, 2022 — 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 89 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.


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: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

Call Report

  • Payday Alternative Loans (PAL Loans)
  • First Time Homebuyer Program
  • International Remittances

Financial Summary

» See also Statement of Financial Condition
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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