2021 Overview
General Credit Union Information
Franklin-somerset is an NCUA insured institution located in Madison, ME. It was founded in 1962 and has approximately $111.8 millions in assets.
| NCUA Insured | Yes / Federally Chartered |
| Charter Number # | # 15159 |
| Date Established | 1962 |
| Assets | $111.80 million |
| Loans | $57.48 million |
| Deposits | $98.16 million |
| Capital | $13.15 million |
Field of Membership Restrictions
Deposit Rates - April 14, 2021
Your Current Location: Connecticut, CT 06828
| Savings and Money Market Rates (Share Account Rates) | APY | MIN | MAX | |
|---|---|---|---|---|
| Savings
|
0.20% | $2,500 | $4,999 |
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|
Money Market
|
0.20% | $2,500 | $2,999 |
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|
|
Money Market
|
0.20% | $10,000 | $14,999 |
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|
|
Money Market
|
0.25% | $25,000 | $29,999 |
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|
| CD Rates (Share Certificate Rates) | APY | MIN | MAX | |
|---|---|---|---|---|
| 6 Mo CD
|
0.45% | $10,000 | $14,999 |
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|
| 6 Mo CD
|
0.45% | $100,000 | $199,999 |
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|
| 12 Mo CD
|
0.55% | $10,000 | $14,999 |
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|
| 12 Mo CD
|
0.55% | $100,000 | $199,999 |
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|
| 18 Mo CD
|
0.60% | $10,000 | $14,999 |
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|
| 18 Mo CD
|
0.60% | $100,000 | $199,999 |
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|
| 24 Mo CD
|
0.65% | $10,000 | $14,999 |
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|
| 24 Mo CD
|
0.65% | $100,000 | $199,999 |
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|
| 36 Mo CD
|
0.75% | $10,000 | $14,999 |
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|
| 36 Mo CD
|
0.75% | $100,000 | $199,999 |
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|
| 60 Mo CD
|
0.85% | $10,000 | $14,999 |
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|
| 60 Mo CD
|
0.85% | $100,000 | $199,999 |
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|
| Variable IRA Rates | APY | MIN | MAX | |
|---|---|---|---|---|
| Var IRA
|
0.20% | $1 | $499 | Learn More |
| Int Checking Rates | APY | MIN | MAX | |
|---|---|---|---|---|
| Int Ckg
|
0.05% | $2,500 | $3,499 | Learn More |
Loan Rates - April 14, 2021
Your Current Location: Connecticut, CT 06828
There are currently no loan rates available for FRANKLIN-SOMERSET
Please contact the bank for questions about their loan products. In the meantime you may wish to consider these offerings:
Featured - Connecticut 30 Year Fixed Mortgage Rates 2021
| Lender | APR | Rate (%) | Points | Fees | Monthly Payment |
Learn More |
|---|---|---|---|---|---|---|
NMLS ID: 472433 |
2.966% | 2.875% | 0.88 | $2,928 | $1,038 | Learn More |
|
NMLS ID: 472433 |
2.966% | 2.875% | 0.88 | $2,928 | $1,038 | Learn More |
NMLS ID: 2890 License#: 13256 |
2.698% | 2.625% | 1.00 | $2,370 | $1,005 | Learn More |
NMLS ID: 1429243 |
2.700% | 2.625% | 0.63 | $2,470 | $1,005 | Learn More |
Featured - Connecticut Home Equity Line Of Credit Rates 2021
| Lender | APR (%)? | Monthly Payment? | Learn More |
|---|---|---|---|
Third Federal Savings and Loan See Table |
2.240 %
|
$0 |
Learn More
More Info |
Bethpage Federal Credit Union See Table |
Intro APR 2.990 % After Intro: 3.750 % Intro Period: 12 months |
$25,000 |
Learn More
More Info |
Note to FRANKLIN-SOMERSET
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Branches
Below are Franklin-somerset branches and locations in your neighborhood. Input a different zip code to find branches and locations for any neighborhood in the United States.
Your Location:
Fairfield,Connecticut
Financial Details
Franklin-somerset Ratio Analysis
The following ratios and data are available to help you better understand the financial condition of Franklin-somerset. The data is provided by the NCUA. All credit unions on BestCashCow, except those specified as not NCUA-insured in the overview section above, are NCUA-insured. Depositors should be careful to remain within NCUA insurance limits.
Texas Ratio
| Franklin-somerset | U.S. Average |
|---|---|
| 5.18% | 5.40 |
The Texas Ratio compares the amount of loans at risk and assets repossessed with the amount a credit union has on hand to cover any losses. The closer the Texas Ratio is to 1-to-1 or 100%, the less capital and reserves a credit union has to absorb its loan losses.
As of December 31, 2020, Franklin-somerset had $683,074 in non-current loans and $27,000 in owned assets. To cover these potential losses it had $13,149,338 in net worth and $560,429 in loans loss reserves. That gives it a Texas Ratio of 5.18%.
Net Worth
| Franklin-somerset | U.S. Average |
|---|---|
| 11.76% | 12.67% |
Franklin-somerset FCU has a net worth of 11.76% versus the BestCashCow average of 12.67. Net worth measures how much total assets exceed total liabilities. The higher the net worth number the more secure a credit union is considered.
Frequently Asked Questions About Franklin-somerset
Branches and Savings
What is Franklin-somerset?
A federal credit union, registered with the NCUA under certificate #15159.
Learn more about credit unions here.
Is Franklin-somerset FDIC insured?
No, credit unions are not insured by the FDIC. Most, but not all, are insured by the National Credit Union Administration. The insurance provisions of the NCUA are similar to, but not identical to, FDIC insurance. Franklin-somerset is insured by the NCUA.
Who can join Franklin-somerset?
Please see Field of Membership information above for information on who is eligible to join.
How big is Franklin-somerset?
Franklin-somerset has total capital of $13.15 million. Full information on Franklin-somerset's financial position is located above.
Who owns Franklin-somerset?
Credit Unions are owned by their members.
Where are Franklin-somerset branches located?
See branch locations nearby.
Are Franklin-somerset ATMs Open 24/7?
Do Franklin-somerset ATMs accept cash deposits?
Can Franklin-somerset customers use other ATMs? What is the charge for withdrawing money from another ATM?
Does Franklin-somerset have a mobile app?
Does Franklin-somerset have mobile deposit?
Does Franklin-somerset have quick pay?
How can Franklin-somerset transfer money to other banks or credit unions?
Does Franklin-somerset report to credit bureaus?
Does Franklin-somerset use Chexsystems?
Does Franklin-somerset use Equifax?
What is Franklin-somerset's toll free phone number?
What is Franklin-somerset's ACH Routing Number?
What is Franklin-somerset's SWIFT code?
Where can I find Franklin-somerset's wire transfer form?
What is the Franklin-somerset address for deposits?
What Products Does Franklin-somerset Offer
Does Franklin-somerset offer home equity lines of credit and home equity loans?
Compare home equity lines of credit rates here.
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