Franklin-Somerset Credit Union Madison ME | Affordable Auto Loans & Mortgage Refinancing

Introduction

Welcome to Franklin-Somerset, your trusted financial partner located at 20 Main St, Madison, ME 04950. Since our establishment in 1962, we have proudly served our community with a commitment to providing exceptional banking solutions tailored to your needs. As a member-driven credit union, we are dedicated to making financial services accessible and beneficial for all our 10,060 members. At Franklin-Somerset, we understand that every financial journey is unique. That's why we offer a wide range of services including personal checking and savings accounts, auto loans, mortgage options, and business banking solutions. With total assets exceeding $136 million and total deposits of $18,755,016, you can trust us to manage your finances responsibly and efficiently. Our team of 38 employees, led by our CEO Beverly Knapp and Board President Paula Sansouci, is here to support you every step of the way. While you can visit us at our branch for face-to-face service, official correspondence should be sent to our mailing address: 20 MAIN ST, MADISON, ME 4950. We also offer convenient online banking options and ATMs for your ease. Experience the difference with Franklin-Somerset today! Whether you're looking to open a new account or need assistance with loans, call us at (207) 696-3691 or explore more about our services at www.f-sfcu.com. Let us help you achieve your financial goals with confidence!

Branch History & Mission

At Franklin-somerset, we take pride in our rich legacy and commitment to serving the community of Madison, Maine. Established in 1962, our branch has evolved from a small credit union into a vital financial resource for over 10,000 members. Our journey began with a simple mission: to provide accessible financial services that empower individuals and families in our local area. Located at 20 Main St, Madison, ME 04950, our branch is more than just a place to manage your finances; it's a hub for community engagement and support. We are dedicated to fostering a welcoming environment where everyone feels valued and heard. Our operational hours are designed with your convenience in mind our drive-thru opens at 8:30 a.m. Monday through Friday, ensuring that you can access essential banking services when you need them. Over the years, Franklin-somerset has achieved remarkable milestones. We proudly hold total assets of $136,019,441, reflecting our growth and stability as a trusted financial institution. Our team of 38 dedicated employees works tirelessly to offer personalized services tailored to meet the diverse needs of our members. Whether you're looking for personal banking options like checking and savings accounts or exploring auto loans and mortgages, we're here to guide you every step of the way. Our mission goes beyond just providing financial products; we aim to uplift our community through various outreach initiatives and partnerships. From supporting local events to offering educational workshops on financial literacy, we believe in making a positive impact on the lives of those around us. While members can visit us at 20 Main St for all their banking needs, official correspondence should be sent to our mailing address: 20 MAIN ST, MADISON, ME 4950. We also provide modern conveniences such as online and mobile banking services so you can manage your finances anytime, anywhere. We invite you to experience the Franklin-somerset difference where financial services meet community spirit. Join us today and become part of our growing family! For any questions or assistance, feel free to reach out to us at 207-696-3691. Together, let's build a brighter financial future!

Branch Location & Accessibility

Operating Hours

We're open Monday through Wednesday from 8:30 a.m. to 4:00 p.m., and extend our hours until 5:00 p.m. on Thursday and Friday. Whether you need assistance with personal banking, auto loans, or any other financial needs, our team is ready to help during these hours.

Services Offered

At Franklin-Somerset Credit Union, we offer a variety of services tailored to meet your financial goals. From checking and savings accounts to auto loans and mortgages, we provide personalized solutions for both individuals and businesses. Our ATM is conveniently available for quick withdrawals and balance checks whenever you need it. Feel free to reach out to us at 207-696-3691 for any inquiries or simply drop by the branch. We look forward to welcoming you soon!

Visit Us

While members can visit us at 20 Main St, official correspondence should be sent to our mailing address: 20 MAIN ST, MADISON, ME 4950. Our branch features accessible parking and ADA-compliant entryways, ensuring everyone can easily access our services. If you're on the go, take advantage of our drive-thru banking options available Monday through Friday.

Member Eligibility

Becoming a member of Franklin-somerset means joining a friendly community that values your financial well-being. At our branch located at 20 Main St Madison Me 04950, we welcome individuals who live, work, or worship in the area, making it easy for you to become part of our family. Whether you're looking for personal banking services, auto loans, or business solutions, our team is here to support your financial journey. If you want to learn more about the specific eligibility requirements. The process of opening an account is straightforward and welcoming just give us a call at (207) 696-3691 if you have any questions! We can't wait to help you get started with us at Franklin-somerset.

Business Banking & Commercial Services

Loan Options That Fuel 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.

Practical Merchant Services

But it's not just about loans; our merchant services are here to simplify your day-to-day operations. Imagine being able to accept payments seamlessly, manage transactions efficiently, and focus on what you do best running your business. Our solutions help streamline your payment processes so you can spend less time worrying about finances and more time serving your customers. Visit us at 20 Main St Madison Me 04950 in Madison, ME to discover how we can partner with you for success! For inquiries, call us at (207) 696-3691.

Comprehensive List Of Services

Business Banking

For small business owners, we offer tailored solutions that include Merchant Services & Business Loans. We understand the challenges of running a business, and we're committed to providing financial support that helps you thrive.

Digital Banking Features

In today's fast-paced world, having access to your finances anytime is essential. That's why we provide robust Online & Mobile Banking features. With our mobile application, you can easily check balances, transfer funds, and even make payments right from your phone. Additionally, our ATM services allow for convenient cash withdrawals and balance checks whenever you need them.

Drive-Thru and ATM Services

For those who prefer in-person transactions but are short on time, our Drive-Thru Banking offers a quick way to handle deposits, withdrawals, and simple transactions without leaving your vehicle. Our ATM facilities also ensure that you have easy access to cash anytime during the day. At Franklin-somerset in Madison, ME, we strive to create an environment where all members feel welcome and supported. Whether you're managing your personal finances or running a business, we're here for you every step of the way. If you have any questions or want more information about how we can assist you further, please reach out by calling us at 207-696-3691 or visit us online at Franklin-somerset. Let's work together towards achieving your financial goals!

Personal Banking

Whether you're looking to open a checking or savings account, our personal banking services are designed with you in mind. We offer accounts that fit different lifestyles and saving goals. If you're considering purchasing a new car or need assistance with financing your vehicle, our Auto Loans & Vehicle Financing options come with competitive rates and flexible terms. For those planning to buy a home, our Mortgage Loans & Refinancing services can help make your dream a reality. If you find yourself needing extra funds for unexpected expenses or want to consolidate debt, our Personal Loans & Debt Consolidation options are here to assist you. Plus, don't forget about our Credit Cards with Rewards, which allow you to earn points on your everyday purchases perfect for those who love to travel or enjoy dining out.

Digital & Online Banking

Security Matters

Your security is our priority. While we currently do not offer electronic signature authorization, we employ strong measures to protect your information across all digital platforms. You can feel confident knowing that your data is safe while using our services. At Franklin-somerset, we believe that banking should empower you with real-time account management and easy access to your finances. Experience the benefits of our digital and online banking options today!

User-Friendly Features

Our mobile application makes banking even more accessible. With just a few taps, you can manage your accounts right from your smartphone. Plus, if you enjoy the convenience of making payments with your phone, you'll love our mobile payments feature! Whether you're out shopping or dining out, paying for purchases has never been easier. In addition to standard transactions, we also offer person-to-person transfers. This means you can quickly send money to friends or family without hassle. And if you prefer going paperless, our e-statements are available for easy viewing and management of your financial documents.

Financial Strength

Commitment to Growth

Our commitment to reinvesting in our community is reflected by having $15,794,872 in undivided earnings. This enables us to enhance banking tools, improve lending options, and implement stronger security measures designed to protect your assets. With $1,494 in used auto loans and a total of $63,603,151 in loans and leases, we are well-equipped to assist you in achieving your financial goals across various sectors.

Member Trust

With a total of 19,591, our growing membership base is a testament to the trust placed in us by the community. We also have net shares available for lending totaling $0, reinforcing our capability to serve both current and future members effectively. 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 20 Main St Madison Me 04950 or call (207) 696-3691 to learn more about how we can help you achieve your financial goals.

Member-Centric Resources

Your savings are safe with us. We currently hold $23,291,627 in share certificates and $7,549,912 in money market shares, providing you with stable and rewarding growth opportunities for your investments. Unlike traditional banks, we focus on our members first; this is evident with $0 in non-member deposits that allow us to channel resources back into member benefits.

Operational Excellence

Our operational efficiency is highlighted by a net income of $438,414, allowing us to continue offering valuable products while keeping your costs low. Our dedicated team comprises 36 full-time employees and 2 part-time employees, all committed to serving you with knowledge and care.

Solid Financial Health

With a net worth of $16,927,228, we proudly uphold our financial integrity. This solid foundation allows us to support our members with competitive loan options and savings accounts tailored to your needs. Additionally, our net worth ratio of 12.44% reflects our ability to withstand economic fluctuations, ensuring uninterrupted service even in challenging times.

Loan Offering

Auto Loans

Looking to buy a new car? Our auto loans offer some of the lowest rates in the industry, with over $28,575,424 in used vehicle loans and $8,832,484 in new vehicle loans already helping members get on the road. We provide flexible financing options tailored to fit your budget.

Business Loans

For business owners, our outstanding commercial loans totaling $1,143,012 provide the capital needed to grow and expand. We understand how crucial it is for businesses to have access to funding when they need it most. At Franklin-somerset located at 20 Main St Madison Me 04950, we pride ourselves on providing exceptional service and support. If you're interested in refinancing or want to explore eligibility options for any of our loan products, please don't hesitate to reach out. You can contact us at 207-696-3691 for assistance or visit us during our operating hours: Monday - Friday from 8:30 a.m. to 5:00 p.m. Performance insights and financial data are sourced from the National Credit Union Administration (NCUA) at: https://www.ncua.gov, based on the latest results. We look forward to helping you take the next step toward your financial goals!

Mortgage Loans

Thinking about homeownership? Our mortgage options, including Junior Lien 1-4 Family Residential Properties loans totaling $2,302,369, make buying or refinancing simple. We are here to guide you through the process with clear terms and competitive rates.

Unsecured Credit Card Loans

We also offer flexible terms on unsecured credit card loans, although currently we have $0 in such loans. This means we can help you build your credit responsibly as you manage day-to-day expenses without tying up other resources.

Loan Aggregator

Benefits of Using LendMesh

- Verified Data: Loan offers are sourced from legitimate financial institutions, ensuring transparency. - No Sponsored Listings: LendMesh does not prioritize lenders based on paid promotions our goal is to provide unbiased results. - Real-Time Rate Comparisons: Users receive up-to-date loan rates from multiple institutions, helping them make informed decisions. Thousands of users trust LendMesh for loan comparisons. One member shared, "LendMesh helped me find a lower mortgage rate in minutes, saving me thousands over the loan term!" Compare real-time loan offers today at LendMesh and find the best rates for your needs. Disclaimer: Loan approvals and interest rates are subject to creditworthiness, income verification, and applicable federal and state regulations. Rates may vary based on financial institution guidelines.

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 ensures that all offers presented are fair and transparent.

FRANKLIN SOMERSET FEDERAL CREDIT UNION - Madison, ME

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