Franklin-Somerset Credit Union Farmington ME | Low Mortgage Rates & Auto Loans

Introduction

Welcome to Franklin-Somerset, your trusted financial partner in the heart of Farmington, Maine. Located at 485 Wilton Rd, our branch has been serving the community since 1962, and we take pride in being a cornerstone for over 10,060 members. With total assets exceeding $136 million, we are committed to providing exceptional service and support tailored to your financial needs. At Franklin-Somerset, we understand that every member is unique, which is why we offer a wide range of services from personal banking solutions such as checking and savings accounts, auto loans, and mortgages, to business banking options including merchant services and business loans. With a total loan portfolio of 4,537 loans, our focus is on helping you achieve your financial goals while ensuring your peace of mind. Our leadership team, led by CEO Beverly Knapp and Board President Paula Sansouci, believes in fostering strong relationships with our members. We are dedicated to transparency and community impact, ensuring that every decision we make supports not only our members but also the neighborhoods we serve. While you can visit us at our branch for all your banking needs, please note that official correspondence should be sent to 485 WILTON RD, FARMINGTON, ME 4938. Our friendly staff is here to assist you Monday through Friday during convenient hours: the drive-up opens at 7:30 a.m., and the lobby welcomes you starting at 8:30 a.m. With total deposits reaching $18.8 million and a robust net worth of $16.9 million, Franklin-Somerset is financially sound and well-equipped to support you on your financial journey. If you have any questions or need assistance, don't hesitate to reach out by phone at 207-778-4452. Join us today and discover how Franklin-Somerset can help you thrive financially! Visit our website at www.f-sfcu.com for more information or stop by we look forward to welcoming you!

Branch History & Mission

Join Us

As we look ahead, Franklin-Somerset remains dedicated to enhancing the lives of those in Farmington and beyond. We invite you to experience the benefits of membership with us. Whether you're looking for reliable banking services or seeking ways to improve your financial health, we're here for you every step of the way. To learn more about what we offer or how you can become a member today, please contact us at 207-778-4452 or visit us online at Franklin-Somerset. Together, let's build a brighter future!

Our Journey

Located at 485 Wilton Rd, Farmington, ME 04938, Franklin-Somerset has been a cornerstone of financial support for local families and businesses. Over the years, we have expanded our offerings and improved our facilities to better serve our members. Today, we proudly manage total assets of $136 million and provide a wide array of financial products including checking and savings accounts, auto loans, mortgages, personal loans, and business banking solutions. Our branch stands out not just for its financial services but also for its commitment to community outreach. We actively participate in local events and initiatives that uplift the residents of Franklin County. This dedication is not only part of our mission but also reflects our belief that supporting the community leads to mutual growth.

Our Mission

At Franklin-Somerset, our mission is simple: to empower our members with the financial tools they need to achieve their goals while fostering a sense of belonging. We aim to make banking accessible and straightforward through various channels be it in-person visits during our lobby hours from 8:30 AM to 4:00 PM (Monday-Wednesday) or until 5:30 PM on Thursdays and Fridays, or through our user-friendly online and mobile banking platforms. While members can visit us at our physical location for face-to-face assistance or use our drive-thru service for convenience, we ensure all members have access to ATMs across town for easy cash withdrawals. This blend of traditional service and modern technology highlights our focus on member satisfaction.

Branch Location & Accessibility

Accessibility and Parking

Our branch is situated near local landmarks that make it easy to drop by whether you're coming from the downtown area or nearby schools. We have ample parking available, including accessible spaces for those who need them. Our facilities are designed with accessibility in mind, ensuring that everyone can enjoy their visit without hassle.

Get in Touch

If you have questions or want more information about our services, don't hesitate to give us a call at 207-778-4452. We're here to help! So why not stop by today? We look forward to welcoming you into the Franklin-somerset family!

Operating Hours

We understand that life can get busy, so we offer flexible operating hours to accommodate your schedule. The drive-thru opens at 7:30 a.m. Monday through Friday, allowing you to handle your banking needs on the go. If you prefer to come inside, our lobby opens at 8:30 a.m., and we're here until 4 p.m. Monday through Wednesday, extending our hours until 5:30 p.m. on Thursdays and Fridays.

Services Offered

At Franklin-somerset, we offer a wide variety of services tailored just for you. From personal banking options like checking and savings accounts to auto loans and mortgage refinancing, we've got you covered. For those who prefer digital banking solutions, we provide online and mobile banking services that let you manage your finances anytime, anywhere. Plus, with our ATM availability and drive-thru banking options, you'll find that convenience is always at your fingertips. While members can visit us at 485 Wilton Rd for all your banking needs, if you have any official correspondence or documents to send us, please use our mailing address at 485 WILTON RD, FARMINGTON, ME 4938.

Member Eligibility

Becoming a member of Franklin-somerset is like joining a close-knit family that truly cares about your financial well-being. Located at 485 Wilton Rd Farmington Me 04938, we welcome individuals who live, work, or worship in the communities we serve. Whether you're just starting out or looking to enhance your financial journey, our membership is open to those seeking personalized service and a supportive environment. At Franklin-somerset, you can enjoy benefits like competitive rates on loans and savings, along with access to a range of services tailored to meet your needs. The process to become a member is straightforward and friendly. Simply reach out to us at (207) 778-4452 for assistance or visit our website for more details about eligibility and account opening. You can also check our eligibility criteria directly to ensure you have all the information you need. We look forward to welcoming you into our community!

Business Banking & Commercial Services

Financing That Fuels Growth

Our commitment to supporting businesses is evident, with investments in business growth through our commercial lending programs: - We've funded over $13 in commercial loans for our members, helping businesses scale and succeed. - With an outstanding commercial loan portfolio of $1,143,012, we continue to drive economic growth by financing new and expanding businesses.

Merchant Services Made Easy

In addition to loans, we offer comprehensive merchant services designed to simplify transactions for your business. Imagine being able to process payments quickly and efficiently, allowing you to focus on what you do best serving your customers. Our services empower you to accept various payment methods, making it easier for clients to choose your business every time. Located at 485 Wilton Rd Farmington Me 04938 in Farmington, ME, we're here to support you every step of the way. For more information on how we can assist your business, give us a call at (207) 778-4452. Let's grow together!

Comprehensive List Of Services

Business Banking Services

For our business members, we recognize the importance of having reliable financial support. Our business banking services, including merchant services and business loans, are crafted to help your company thrive. We're dedicated to understanding your unique needs so that we can provide solutions that work for you.

Convenient Online & Mobile Banking

In today's fast-paced world, convenience is key. That's why we offer robust online and mobile banking options that let you manage your accounts from anywhere at any time. You can easily check balances, transfer funds, and even pay bills all at your fingertips! Plus, with our ATM services available for cash withdrawals and balance checks, accessing your money has never been easier.

Credit Cards & Loans

When it comes to credit, we offer credit cards with rewards that allow you to earn points on everyday purchases, making it easier for you to enjoy what matters most. Additionally, our personal loans can help with unexpected expenses or projects around the house without breaking the bank.

Drive-Thru & ATM Access

For those who prefer in-person service without stepping inside the branch, our drive-thru banking allows you to handle deposits and withdrawals quickly. Our ATM access ensures that you have cash when you need it without hassle. At Franklin-somerset in Farmington, ME, we pride ourselves on offering a personalized banking experience that puts our members first. Our knowledgeable staff is here to answer any questions you may have about our services or how they can benefit you. If you're ready to explore all that Franklin-somerset has to offer or if you have any questions about our services, don't hesitate to reach out! Call us at 207-778-4452 today or visit us online at www.f-sfcu.com. We look forward to serving you!

Personal Banking Solutions

We understand that managing finances can be overwhelming, which is why we offer various personal banking options like checking and savings accounts tailored to fit your lifestyle. For those looking to make a significant purchase or consolidate debt, our auto loans and vehicle financing options provide competitive rates and flexible terms. If you're dreaming of owning a home or refinancing your current mortgage, our comprehensive mortgage loans are designed to guide you through the process smoothly.

Digital & Online Banking

Accessibility and User-Friendly Experience

With our services, everything is designed with you in mind. The ability to access your accounts online means you can stay updated in real-time, allowing for quick decisions when it comes to your finances. Our user-friendly interface ensures that even those who may not be tech-savvy can navigate their accounts effortlessly. Experience the ease of modern banking with Franklin-somerset your trusted partner in financial management. For more information about our digital banking offerings, visit us at https://www.f-sfcu.com/ today!

Key Features

Our online banking allows you to check balances, pay bills, and transfer funds with just a few clicks. Plus, if you prefer to manage your finances on the go, our mobile application is here to help. Whether you're making person-to-person transfers or using mobile payments to settle up with friends, convenience is just a tap away. We also prioritize your security. While we don't offer electronic signature authorization at this time, you can rest assured that your personal information is protected through robust security measures. Additionally, e-statements are available to help you keep track of your transactions without the clutter of paper statements.

Financial Strength

At Franklin-somerset, financial security is not just a goal it's a promise. Our members count on us for stability, and we take that responsibility seriously. We are proud to share our financial strength, which reflects our commitment to serving you with reliability and trust. With a net worth of $16,927,228, we maintain strong financial health, allowing us to offer better rates, lower fees, and enhanced member services. Our net worth ratio of 12.44% demonstrates a solid capital foundation, ensuring that we can continue providing loans, competitive savings rates, and uninterrupted services even in uncertain economic times. Members' savings are secured through $23,291,627 in share certificates and $7,549,912 in money market shares, offering stable and rewarding financial growth opportunities. Unlike traditional banks, we prioritize our members. This is reflected in our strategy, where the focus is on you; currently, we have $0 in non-member deposits, ensuring that our resources are dedicated to benefiting you through better loan rates, lower fees, and exclusive perks. With $15,794,872 in undivided earnings, we reinvest in innovative banking tools, stronger lending options, and enhanced security measures to serve our members better. Our lending capacity supports your financial goals across various sectors with $1,494 in used auto loans and $63,603,151 in total loans and leases. Our operational efficiency shines through with a reported net income of $438,414, enabling us to continue offering competitive loan rates and solid financial products for our members. We also take pride in having 36 full-time employees and 2 part-time employees at our branch. This ensures that our team is always ready to serve you with knowledge and dedication. In terms of overall member engagement, we currently manage a total of 19,591 share accounts. This shows a strong and growing member base that trusts us with their finances. Our financial strength means we can continue serving you with confidence. Whether you're saving, borrowing, or planning for the future, Franklin-somerset is your trusted partner. Visit us at 485 Wilton Rd Farmington Me 04938 or call (207) 778-4452 to learn more about how we can help you achieve your financial goals. *Performance insights and financial data sourced from the National Credit Union Administration (NCUA) at: https://www.ncua.gov, based on the latest results.*

Loan Offering

Auto Loans

Looking to buy a new car? Our auto loans offer some of the lowest rates in the industry. We have provided $28,975,488 in total auto loans, which includes $8,832,484 in new vehicle loans and $28,575,424 in used vehicle loans already helping members get on the road. Whether you're interested in financing a brand-new model or a reliable used vehicle, our flexible terms make it easy to drive away with confidence.

Business Loans

For business owners, our outstanding commercial loans totaling $1,143,012 provide the capital needed to grow and expand. We understand that running a business comes with its own set of challenges and opportunities; our team is here to support you with tailored solutions that suit your business needs. If you're considering refinancing or want to learn more about eligibility options for any of our loan products, don't hesitate to reach out. Our knowledgeable staff at Franklin-Somerset is ready to assist you. For more information or personalized assistance with any of our loan offerings, please contact us at (207) 778-4452 or visit us at our branch located at 485 Wilton Rd Farmington Me 04938 in Farmington, ME. Your financial journey starts here! *Performance insights and financial data are sourced from the National Credit Union Administration (NCUA) at: https://www.ncua.gov based on the latest results.*

Credit Lines and Personal Loans

For those seeking financial flexibility, our total credit lines amount to $12,769,825. These options allow you to access funds when you need them most. Additionally, while we currently do not offer unsecured credit card loans, our other lending products can help manage your finances effectively.

Mortgage Loans

Thinking about homeownership? Our mortgage options include Junior Lien 1-4 Family Residential Properties loans totaling $2,302,369, making buying or refinancing simple. We're committed to supporting you through every step of the mortgage process and ensuring you find the best fit for your budget and lifestyle.

Loan Aggregator

Benefits of Using LendMesh

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Ensuring Accurate Comparisons

Loan data on LendMesh is sourced directly from banks and credit unions that comply with National Credit Union Administration (NCUA) lending standards, based on the latest results (Source: https://www.ncua.gov). This means you receive fair and transparent offers tailored to your needs. By using verified data from legitimate financial institutions, LendMesh guarantees that you are looking at reliable loan options.

Take Action Today

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FRANKLIN SOMERSET FEDERAL CREDIT UNION - Farmington, ME

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