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Franklin-Somerset Federal Credit Union

Popular Accounts at this Credit Union

1.25%5-year CD60 Month CD
0.35%1-year CD12 Month CD
0.20%SavingsShare (Savings)

Overview / Commentary
26 Leavitt St
Skowhegan, ME 04976

Franklin-Somerset Federal Credit Union is headquartered in SKOWHEGAN and is the 32nd largest credit union in the state of Maine. It is also the 1,742nd largest credit union in the nation. It was established in 1962 and as of June of 2016, it had grown to 27 employees and 10,471 members at 4 locations. Franklin-Somerset Federal Credit Union has a B+ health rating.

Field of Membership Restrictions

Membership is open to those who live or work in Franklin or Somerset Counties.
See current membership details


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Additional 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-Somerset Federal Credit Union has a relatively low asset base.

Health Grade Components

NCUA #15159
Year Chartered1962
Primary Regulator
Profit Margin
Return on Assets - YTD1.18%
Return on Equity - YTD10.39%
Annual Interest Income$1.7MM
Assets and Liabilities
AssetsQ2 2016vs Q2 2015$84.5MM$81.7MM
LoansQ2 2016vs Q2 2015$55.9MM$52.6MM
DepositsQ2 2016vs Q2 2015$74.6MM$72.5MM
Equity CapitalQ2 2016vs Q2 2015$9.6MM$8.6MM
Loan Loss AllowanceQ2 2016vs Q2 2015$232.00K$190.00K
Unbacked Noncurrent LoansQ2 2016vs Q2 2015$577.00K$846.00K
Real Estate OwnedQ2 2016vs Q2 2015$60.00K$96.00K
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

Franklin-Somerset Federal Credit Union Savings Account Rates

0.30%--IRA Club
0.30%--Education IRA Club
0.30%--Roth IRA Club
0.20%*$2k*-Share (Savings)
OTHER TIERS: 0.15% $100 - $2k
0.20%*$2k*-Youth Share Savings
OTHER TIERS: 0.15% Up to $2k
0.15%--Christmas Club Savings
0.15%--All Purpose Club

Franklin-Somerset Federal Credit Union Money Market Rates

0.25%*$100k*-Money Market Share
OTHER TIERS: 0.20% $1,500 - $100k
0.05%$1,500-Money Market Share Draft

Franklin-Somerset Federal Credit Union CD Rates

1.50%$500-84 Month CD
1.25%$500-60 Month CD
0.75%$500-36 Month CD
0.55%$500-24 Month CD
0.45%$500-18 Month CD
0.35%$500-12 Month CD
0.30%$500-6 Month CD

Franklin-Somerset Federal Credit Union IRA Rates

1.50%$500-84 Month IRA
1.50%--7 Year Roth IRA
1.25%$500-60 Month IRA
1.25%--5 Year Roth IRA
0.75%$500-36 Month IRA
0.75%--3 Year Education IRA
0.75%--3 Year Roth IRA
0.55%$500-24 Month IRA
0.55%--2 Year Roth IRA
0.45%$500-18 Month IRA
0.35%$500-12 Month IRA
0.35%--1 Year Education IRA
0.35%--1 Year Roth IRA
0.30%$500-6 Month IRA

Franklin-Somerset Federal Credit Union Locations
Branch Office485 WILTON RDFARMINGTON, ME 04938
Branch Office26 LEAVITT STSKOWHEGAN, ME 04976
Branch Office476 MAIN STKINGFIELD, ME 04947
Branch Office20 MAIN STMADISON, ME 04950