Credit Unions Near Me
National Credit Union Service Organization

FRANKLIN-SOMERSET FEDERAL CREDIT UNION

Mar, 31, 2021 — FRANKLIN-SOMERSET FEDERAL CREDIT UNION is a federal credit union headquartered in MADISON, ME with 5 branch locations and about $121.93 million in total assets. Opened 59 years ago in 1962, FRANKLIN-SOMERSET FEDERAL CREDIT UNION has about 10,774 members and employs 33 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:http://www.f-sfcu.com
Branches:5 branch locations
Members:10,774
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, 2020
FHLB Member:Yes
Low Income Designation:No
Assets:$121,929,343
CEO/Manager:Beverly J Knapp
Chairperson:Brian Lewia

Call Report

  • Commercial Loans
  • Indirect Consumer Loans
  • Overdraft Lines of Credit
  • Overdraft Protection
  • Real Estate Loans
  • ATM/Debit Card Program
  • Commercial Share Accounts
  • Check Cashing
  • International Remittances
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 34,801,368
TOTAL INVESTMENTS 28,682,378
Loans Held for Sale 0
 
 Real Estate Loans 20,074,161
 Unsecured Loans 2,718,667
 Other Loans 33,502,140
 TOTAL LOANS 56,294,968
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -514,539
 Land And Building 985,243
 Other Fixed Assets 114,681
 NCUSIF Deposit 925,637
 All Other Assets 639,607
  TOTAL ASSETS 121,929,343
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 571,871
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 23,764,052
 Regular shares 54,162,470
 All Other Shares & Deposits 30,072,888
  TOTAL SHARES & DEPOSITS 107,999,410
  TOTAL LIABILITIES 108,571,281
 Regular Reserve 842,672
 Other Reserves 1,132,356
 Undivided Earnings 11,383,034
  TOTAL EQUITY 13,358,062
  TOTAL LIABILITIES, SHARES, & EQUITY 121,929,343
INCOME & EXPENSE  
 Loan Income 831,362
 Investment Income 107,825
 Other Income 258,908
 Total Employee Compensation & Benefits 425,946
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 473,432
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 28,000
 Cost of Funds 85,547
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 208,724
↑ Back to Top

Other Credit Unions

MAINE HARVEST FEDERAL CREDIT UNION
P.O. Box 249
UNITY, ME 04988
MONMOUTH FEDERAL CREDIT UNION
1176 MAIN ST
MONMOUTH, ME 04259-7021
KSW FEDERAL CREDIT UNION
222 COLLEGE AVE
WATERVILLE, ME 04901-6226
CAPITAL AREA FEDERAL CREDIT UNION
PO box 2626
AUGUSTA, ME 04338-2626
WINTHROP AREA FEDERAL CREDIT UNION
PO BOX 55
WINTHROP, ME 04364-0055
SEBASTICOOK VALLEY FEDERAL CREDIT UNION
POB 10
PITTSFIELD, ME 04967
NEW DIMENSIONS FEDERAL CREDIT UNION
94 Silver St
WATERVILLE, ME 04901
MAINE HIGHLANDS FEDERAL CREDIT UNION
PO BOX 233
DEXTER, ME 04930
OTIS FEDERAL CREDIT UNION
PO BOX 27
JAY, ME 04239-0027
K V FEDERAL CREDIT UNION
316 W RIVER RD
AUGUSTA, ME 04330-3992