Dec, 31, 2023 — FRANKLIN TRUST FEDERAL CREDIT UNION is a federal credit union headquartered in HARTFORD, CT with 1 branch location and about $59.58 million in total assets. Opened 90 years ago in 1934, FRANKLIN TRUST FEDERAL CREDIT UNION has about 9,143 members and employs 31 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: | 9,143 |
| 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, 2023 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $59,579,901 |
| CEO/Manager: | Deborah A Althen |
| Chairperson: | David A Krikorian |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 736,843 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 7,463,205 |
| Unsecured Loans | 12,173,243 |
| Other Loans | 8,228,693 |
| TOTAL LOANS | 27,865,142 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -874,146 |
| Land And Building | 5,040,331 |
| Other Fixed Assets | 503,765 |
| NCUSIF Deposit | 555,439 |
| All Other Assets | 0 |
| TOTAL ASSETS | 59,579,901 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 4,413 |
| Notes & Interest Payable | 2,500,000 |
| Accounts Payable & Other Liabilities | 210,374 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 14,586,292 |
| Regular shares | 24,693,490 |
| All Other Shares & Deposits | 13,064,612 |
| TOTAL SHARES & DEPOSITS | 52,344,395 |
| TOTAL LIABILITIES | 55,059,182 |
| Regular Reserve | 0 |
| Other Reserves | -1,398,769 |
| Undivided Earnings | 5,919,488 |
| TOTAL EQUITY | 4,520,719 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 59,579,901 |
| INCOME & EXPENSE | |
| Loan Income | 2,522,715 |
| Investment Income | 612,615 |
| Other Income | 1,364,340 |
| Total Employee Compensation & Benefits | 1,934,895 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 2,590,392 |
| Non-operating Income & (Expense) | 22,337 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 475,555 |
| Cost of Funds | 254,443 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 345,355 |
| ↑ Back to Top | |