Sep, 30, 2025 — FRANKLIN-SOMERSET FEDERAL CREDIT UNION is a federal credit union headquartered in MADISON, ME with 5 branch locations and about $142.22 million in total assets. Opened 64 years ago in 1962, FRANKLIN-SOMERSET FEDERAL CREDIT UNION has about 10,156 members and employs 34 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-SOMERSET FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 114 E MADISON RD MADISON, ME 04950-3027 |
| Phone: | (207) 612-5400 |
| Fax: | (207) 474-0028 |
| Website: | https://www.f-sfcu.com |
| Branches: | 5 branch locations |
| Members: | 10,156 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 15159 |
|---|---|
| Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
| Corporate Credit Union: | No |
| Year Opened: | 1962 |
| Last Audited: | Sep 01, 2025 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $142,224,061 |
| CEO/Manager: | Beverly J Knapp |
| Chairperson: | Paula Sansouci |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 22,475,826 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 17,037,946 |
| Unsecured Loans | 2,667,715 |
| Other Loans | 46,207,147 |
| TOTAL LOANS | 65,912,808 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -663,697 |
| Land And Building | 792,865 |
| Other Fixed Assets | 74,930 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 1,124,366 |
| All Other Assets | 0 |
| TOTAL ASSETS | 142,224,061 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 699,576 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 24,319,401 |
| Regular shares | 57,310,011 |
| All Other Shares & Deposits | 41,720,797 |
| TOTAL SHARES & DEPOSITS | 123,350,209 |
| TOTAL LIABILITIES | 124,049,785 |
| Regular Reserve | 0 |
| Other Reserves | 1,132,356 |
| Undivided Earnings | 17,041,920 |
| TOTAL EQUITY | 18,174,276 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 142,224,061 |
| INCOME & EXPENSE | |
| Loan Income | 3,234,629 |
| Investment Income | 1,921,303 |
| Other Income | 378,806 |
| Total Employee Compensation & Benefits | 1,841,746 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 1,776,188 |
| Non-operating Income & (Expense) | 4,541 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 216,867 |
| Cost of Funds | 1,020,705 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 1,166,719 |
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