Franklin Trust Federal Credit Union
Overview / Commentary
Franklin Trust Federal Credit Union is headquartered in Hartford and is the 33rd largest credit union in the state of Connecticut. It is also the 2,260th largest credit union in the nation. It was established in 1934 and as of December of 2024, it had grown to 24 employees and 9,040 members at 2 locations. Franklin Trust Federal Credit Union has a B+ health rating.
Field of Membership Restrictions
Membership is open to those who live, work, worship, or attend school in, and businesses and other legal entities located in Hartford County, Connecticut.
See current membership details
Health
B+
Data as of Q4 2024
Learn why bank health mattersAdditional Factors: Institutions with a small asset base, a short operating history, or negative return on assets can represent an instability risk beyond what their financial ratios indicate. Franklin Trust Federal Credit Union has a relatively low asset base.
Health Grade Components
| Overall | |
|---|---|
| NCUA # | 12 |
| Year Chartered | 1934 |
| Employees | 24 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.58% |
| Return on Equity - YTD | 6.83% |
| Annual Interest Income | $3.5MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q4 2024vs Q4 2023 | $60.5MM$59.6MM |
| Loans | Q4 2024vs Q4 2023 | $32MM$27.9MM |
| Deposits | Q4 2024vs Q4 2023 | $55.3MM$52.3MM |
| Equity Capital | Q4 2024vs Q4 2023 | $5MM$4.5MM |
| Loan Loss Allowance | Q4 2024vs Q4 2023 | $997K$874K |
| Unbacked Noncurrent Loans | Q4 2024vs Q4 2023 | $275K$390K |
| Real Estate Owned | Q4 2024vs Q4 2023 | $0$0 |