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 |
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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 |
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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 |
ASSETS: | $ Amount |
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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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