Franklin-somerset Federal Credit Union

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A short history of Franklin-somerset FCU

Since its inception in 1962 the Franklin-somerset Federal Credit Union has been serving its members in the SKOWHEGAN, Maine area with exceptional financial products. You can find their current interest rates on used car loans, new car loans, 1st mortgage loans and interest rates on both fixed and adjustable mortgages here on these pages. Currently led by Karen Greenleaf, the Franklin-somerset FCU has grown its membership to over 10,658 with assets of more than $89,601,683. They have a main office and 4 branch offices. Please see the credit unions website or contact them by phone at (207) 474-3331 or email them at none to get exact details . There are many other credit unions in the local area. See them all here. Credit Unions in SKOWHEGAN, ME.

General Information For Franklin-somerset FCU was taken from their 6/30/2017 quarterly report, which is the most current available public information.

Charter Number 15159
Address 26 LEAVITT ST 
State Maine 
Zip-Code 04976
Phone Number (207) 474-3331
Fax Number (207) 474-5577
Email Address: none
CEO/President Karen Greenleaf
Members 10,658 
Full-Time Employees 27 
Part-Time Employees
Number of Branch Offices
Total Assets 89,601,683 

Compare Franklin-somerset Federal Credit Union To Other Local Credit Unions

Credit Union Name
Branch Name
Zip Code
Phone Number
ATM Access
Distance (Miles)
Sebasticook Valley CU Nokomis High School 266 Williams Rd 04953 (207) 368-4354 No 13.12
Ksw CU Belfast 135 Waldo Ave 04915 (207) 338-5160 No 16.56
Taconnet CU Taconnet FCU 316 Benton Ave 04901 (207) 872-7909 No 17.79
Winslow Community CU SYNERGENT CORP 2 LEDGEVIEW DR 04101 (800) 442-6715 No 18.69
New Dimensions CU Main Office - Waterville 61 Grove St 04901 (207) 872-2771 No 19.01

Franklin-somerset Federal Credit Union Financial Performance Charts

Performance Charts

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Financial Data

Franklin-somerset Federal Credit Union Lowest Loan Rates With State and USA Rankings

Unsecured Credit Card New Car Loans Used Car Loans 1st Mortgage Loans Other Real Estate
Rate N/A 3.00 3.75 4.25 4.50
Mean Rate For All USA Based Credit Unions 10.56 3.72 5.00 4.48 4.95
Rank Among All USA Credit Unions N/A 146 175 174 168
Rank Among All Maine Credit Unions N/A 10 16 20 11

Franklin-somerset Federal Credit Union Highest Deposit Rates With State and USA Rankings

Checking Regular Savings Money Market Certificates of Deposits IRA/KEOGH
Rate N/A 0.15 0.20 0.30 0.30
Mean Rate For All USA Based Credit Unions 0.19 0.26 0.29 0.73 0.66
Rank Among All USA Credit Unions N/A 119 114 302 259
Rank Among All Maine Credit Unions N/A 7 12 31 28
Franklin-somerset Federal Credit Union Loans and Leases

Interest Rate Number of Loans Amount
Unsecured Credit Card Loans 0.00000
All Other Unsecured Loans/Lines of Credit 16.0001,9533,087,111
Short-Term, Small Amount Loans (STS) (Federal CU Only) 0.00000
Non-Federally Guaranteed Student Loans 0.00000
New Vehicle Loans 3.0001142,223,015
Used Vehicle Loans 3.7501,62516,138,341
Total 1st Mortgage Real Estate Loans/Lines of Credit 4.25045020,550,415
Total Other Real Estate Loans/Lines of Credit 4.5003423,918,482
Leases Receivable 0.00000
Total All Other Loans/Lines of Credit 8.00085911,199,452
TOTAL LOANS & LEASES 5,34357,116,816

Franklin-somerset Federal Credit Union Real Estate Loans and Lines of Credit


No. of Loans Outstanding Amt of Loans Outstanding No. of Loans Granted Year- to-Date Amount Granted Year-To-Date
Fixed Rate
    a. > 15 years 956,222,3031145,000
    b. 15 Years or less 35514,328,11211703,475
    a. > 15 years 0000
    b. 15 Years or less 0000
Other Fixed Rate 0000
Adjustable Rate 1 yr or less 0000
Adjustable Rate > 1 yr 0000


Closed-End Fixed Rate 31234,86900
Closed-End Adjustable Rate 0000
Open-End Adjustable Rate 3113,683,61316472,717
Open-End Fixed Rate 0000
TOTALS 79224,468,897281,321,192


Interest Only & Payment Option 1st Mortgage Loans 000
Interest Only & Payment Option Other RE/LOC Loans 000
    a. Federally Insured Home Equity Conversion Mortgage (HECM) 0000
    b. Proprietary Reverse Mortgage Products 0000

Franklin-somerset Federal Credit Union Member Offerings
First Time Homebuyer Program No
Real Estate Loans Yes
Pay Day Lending No
Share Secured Credit Cards No
Overdraft Protection/Courtesy Pay Yes
Overdraft Lines of Credit Yes
ATM/Debit Card Program Yes
Interest Only and Payment Option 1st Mortgage Loans No
Check Cashing Yes
Money Orders Yes
No Surcharge ATMs Yes
Home Banking Via Internet Website Yes