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FRANKLIN FIRST FEDERAL CREDIT UNION

Mar, 31, 2021 — FRANKLIN FIRST FEDERAL CREDIT UNION is a federal credit union headquartered in GREENFIELD, MA with 1 branch location and about $81.83 million in total assets. Opened 63 years ago in 1958, FRANKLIN FIRST FEDERAL CREDIT UNION has about 7,157 members and employs 16 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 STREET
GREENFIELD, MA 01301
Phone:(413) 774-6700
Fax:(413) 774-5014
Website:http://www.franklinfirst.org
Branches:1 branch locations
Members:7,157
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, 2020
FHLB Member:Yes
Low Income Designation:No
Assets:$81,832,233
CEO/Manager:Michelle Dwyer
Chairperson:Mandy Sweet-Antes

Call Report

  • Credit Builder
  • Overdraft Lines of Credit
  • Overdraft Protection
  • Real Estate Loans
  • Risk Based Loans
  • Share Secured Credit Cards
  • ATM/Debit Card Program
  • Commercial Share Accounts
  • Check Cashing
  • First Time Homebuyer Program
  • Health Savings Accounts
  • International Remittances
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 6,035,013
TOTAL INVESTMENTS 33,457,209
Loans Held for Sale 0
 
 Real Estate Loans 22,152,430
 Unsecured Loans 6,500,101
 Other Loans 10,994,367
 TOTAL LOANS 39,646,898
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -233,572
 Land And Building 1,791,997
 Other Fixed Assets 139,732
 NCUSIF Deposit 641,722
 All Other Assets 353,234
  TOTAL ASSETS 81,832,233
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 1,001,642
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 16,609,779
 Regular shares 28,503,681
 All Other Shares & Deposits 29,957,356
  TOTAL SHARES & DEPOSITS 75,070,816
  TOTAL LIABILITIES 76,072,458
 Regular Reserve 1,331,595
 Other Reserves -21,701
 Undivided Earnings 4,449,881
  TOTAL EQUITY 5,759,775
  TOTAL LIABILITIES, SHARES, & EQUITY 81,832,233
INCOME & EXPENSE  
 Loan Income 487,321
 Investment Income 102,428
 Other Income 76,593
 Total Employee Compensation & Benefits 250,342
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 408,848
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense -36,769
 Cost of Funds 55,751
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 87,155
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