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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 31st largest credit union in the state of Maine. It is also the 1,721st largest credit union in the nation. It was established in 1962 and as of September of 2016, it had grown to 28 employees and 10,551 members at 4 locations. Franklin-Somerset Federal Credit Union has an A 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 - YTD1.24%
Return on Equity - YTD10.66%
Annual Interest Income$2.6MM
Assets and Liabilities
AssetsQ3 2016vs Q3 2015$86.4MM$82.0MM
LoansQ3 2016vs Q3 2015$57.6MM$54.4MM
DepositsQ3 2016vs Q3 2015$76.0MM$72.6MM
Equity CapitalQ3 2016vs Q3 2015$9.9MM$8.8MM
Loan Loss AllowanceQ3 2016vs Q3 2015$258.00K$209.00K
Unbacked Noncurrent LoansQ3 2016vs Q3 2015$524.00K$847.00K
Real Estate OwnedQ3 2016vs Q3 2015$14.00K$91.00K
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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