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FRANKLIN FIRST FEDERAL CREDIT UNION

Dec, 31, 2023 — FRANKLIN FIRST FEDERAL CREDIT UNION is a federal credit union headquartered in GREENFIELD, MA with 1 branch location and about $88.78 million in total assets. Opened 66 years ago in 1958, FRANKLIN FIRST FEDERAL CREDIT UNION has about 7,269 members and employs 17 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 FIRST FEDERAL CREDIT UNION
Address:
(Main Office)
57 Newton St
GREENFIELD, MA 01301-3113
Phone:(413) 774-6700
Fax:(413) 774-5014
Website:https://www.franklinfirst.org
Branches:1 branch locations
Members:7,269
Credit Union Type:Federal Credit Union
Charter Number:12604
Membership Type:Community credit unions, urban or rural, other than those designated 'low income'
Corporate Credit Union:No
Year Opened:1958
Last Audited:Apr 01, 2023
FHLB Member:Yes
Low Income Designation:No
Assets:$88,781,046
CEO/Manager:Michelle Dwyer
Chairperson:Mandy Sweet-Antes

Call Report

  • Credit Builder
  • First Time Homebuyer Program
  • International Remittances
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 3,144,152
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 22,962,500
 Unsecured Loans 9,322,028
 Other Loans 14,974,215
 TOTAL LOANS 47,258,743
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -344,855
 Land And Building 1,697,285
 Other Fixed Assets 80,171
 NCUSIF Deposit 773,502
 All Other Assets 0
  TOTAL ASSETS 88,781,046
LIABILITIES & CAPITAL:  
 Dividends Payable 3,759
 Notes & Interest Payable 2,700,000
 Accounts Payable & Other Liabilities 1,196,118
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 17,820,005
 Regular shares 29,863,358
 All Other Shares & Deposits 31,672,145
  TOTAL SHARES & DEPOSITS 79,355,508
  TOTAL LIABILITIES 83,262,806
 Regular Reserve 0
 Other Reserves -620,814
 Undivided Earnings 6,139,054
  TOTAL EQUITY 5,518,240
  TOTAL LIABILITIES, SHARES, & EQUITY 88,781,046
INCOME & EXPENSE  
 Loan Income 2,462,172
 Investment Income 890,869
 Other Income 221,820
 Total Employee Compensation & Benefits 1,152,614
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 1,870,872
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 184,985
 Cost of Funds 598,336
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 195,277
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