Data Source: NCUA, December 31, 2016
Franklin-somerset Federal Credit Union was founded in 1962. Headquartered in Skowhegan, Maine, Franklin-somerset Federal Credit Union is a federally chartered and federally insured credit union, operating within the regulation of the National Credit Union Association (NCUA) and being insured through the National Credit Union Share Insurance Fund (NCUSIF). Franklin-somerset Federal Credit Union is also a member of the Federal Home Loan Bank (FHLB), which allows a credit union to access low cost secured borrowings or advances and prlides its members with financial products and services that assist and enhance the financing of housing and community lending.
As of December 31, 2016, Franklin-somerset Federal Credit Union services 10,505 members through its 4 offices and branches and 26 full-time and 7 part-time employees. It has $86,291,178 of total assets and $10,147,967 of net worth. Based on its asset size and net worth ratio, Franklin-somerset Federal Credit Union is classified as a Well Capitalized medium credit union.
Franklin-somerset Federal Credit Union offers a number of deposit and loan products to its members. To find out how competitive the offers are, please go to the Interest Rates page. Franklin-somerset Federal Credit Union also provides an array of services to its members and local communities. To find out more, please go to the Services page.
The following two tables list the deplitory and loan interest rates of Franklin-somerset Federal Credit Union’s popular offerings. You can find out how competitive the offerings are by comparing them to the median interest rates offered by credit unions in Maine and in the nation.
Major Deplitory Accounts and Interest Rates (%)
Major Loan Accounts and Interest Rates (%)
Franklin-somerset Federal Credit Union prlides a number of ways to access its services. In addition to its office and branches, a member can perform banking through Internet, phones, ATMs, and mobile devices. The table below lists the electronic banking services prlided by Franklin-somerset Federal Credit Union.
Electronic Banking Service Offerings
As a community financial institution, Franklin-somerset Federal Credit Union actively involves in local communities by prliding services such as financial literacy workshops, and first tim home buyer programs.
Community and other Service Offerings
485 Wilton Rd
Farmington, ME 04938
476 Main St
Kingfield, ME 04947
20 Main St
Madison, ME 04950
26 Leavitt St
Skowhegan, ME 04976