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FRANKLIN FIRST FEDERAL CREDIT UNION

Dec, 31, 2020 — FRANKLIN FIRST FEDERAL CREDIT UNION is a federal credit union headquartered in GREENFIELD, MA with 1 branch location and about $76.44 million in total assets. Opened 63 years ago in 1958, FRANKLIN FIRST FEDERAL CREDIT UNION has about 7,099 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 STREET
GREENFIELD, MA 01301
Phone:(413) 774-6700
Fax:(413) 774-5014
Website:http://www.franklinfirst.org
Branches:1 branch locations
Members:7,099
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:$76,444,789
CEO/Manager:Michelle Dwyer
Chairperson:Donald L Irish

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 4,749,470
TOTAL INVESTMENTS 29,883,854
Loans Held for Sale 0
 
 Real Estate Loans 20,960,512
 Unsecured Loans 6,869,781
 Other Loans 11,512,852
 TOTAL LOANS 39,343,145
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -277,624
 Land And Building 1,652,008
 Other Fixed Assets 122,122
 NCUSIF Deposit 641,722
 All Other Assets 330,092
  TOTAL ASSETS 76,444,789
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 1,064,656
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 14,301,534
 Regular shares 25,193,640
 All Other Shares & Deposits 30,180,413
  TOTAL SHARES & DEPOSITS 69,675,587
  TOTAL LIABILITIES 70,740,243
 Regular Reserve 1,331,595
 Other Reserves 10,225
 Undivided Earnings 4,362,726
  TOTAL EQUITY 5,704,546
  TOTAL LIABILITIES, SHARES, & EQUITY 76,444,789
INCOME & EXPENSE  
 Loan Income 2,033,854
 Investment Income 469,090
 Other Income 705,720
 Total Employee Compensation & Benefits 972,302
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 1,584,452
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 176,339
 Cost of Funds 307,550
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 168,021
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