Franklin-Somerset Credit Union Madison ME

Introduction

Welcome to Franklin-Somerset Credit Union, your trusted financial partner located at 114 E Madison Rd, Madison, ME 04950. Since our establishment in 1962, we have proudly served over 10,060 members, providing personalized financial solutions that truly meet the needs of our community. With total assets exceeding $136 million and a commitment to supporting our members, we are dedicated to fostering financial growth and stability. At Franklin-Somerset, we understand that banking is about more than just transactions; it's about building relationships. Our team, led by CEO Beverly Knapp and Board President Paula Sansouci, is here to guide you through every step of your financial journey. We offer a range of services designed to help you achieve your goals whether it's securing a loan or managing your savings. While members can visit us at our branch location, official correspondence should be sent to 114 E MADISON RD, MADISON, ME 04950-3027. With total loans amounting to 4,537, and total deposits reaching $18,755,016, we pride ourselves on being a stable and reliable choice for your banking needs. Our net worth stands strong at $16,927,228, reflecting our solid foundation and commitment to serving you. We invite you to explore all that Franklin-Somerset has to offer by visiting our website at f-sfcu.com. Whether you're looking for a new loan or simply want advice on managing your finances better, don't hesitate to call us at 207-612-5400 during our convenient operating hours from 8:00 a.m. to 5:00 p.m., Monday through Friday. Join us as we continue to grow together with our community!

Branch History & Mission

Community Engagement

Franklin-Somerset is deeply rooted in community outreach. We partner with local organizations and participate in events that strengthen ties within Madison and beyond. Whether it's sponsoring youth sports teams or organizing financial literacy workshops, we believe in giving back and making a positive impact. While you can visit us at 114 E Madison Rd for your banking needs, please note that official correspondence should be sent to 114 E MADISON RD, MADISON, ME 04950-3027 if it differs from our branch address. In conclusion, we invite you to join the Franklin-Somerset family. Experience firsthand the benefits of being a member of a credit union that truly cares about your financial success and community welfare. For more information or assistance, feel free to call us at 207-612-5400 or visit our website at www.f-sfcu.com. Your future starts here!

Our Mission

The mission of Franklin-Somerset is clear: we aim to enhance the financial well-being of our members while actively supporting our local communities. We believe in empowering individuals through accessible financial services that cater to their unique needs. From offering competitive loan rates to providing education on personal finance, we strive to ensure that every member feels supported on their financial journey. Over the years, we've embraced digital advancements to make banking easier and more efficient for everyone. Our online banking platform allows members to manage their accounts from anywhere, while mobile payments add convenience for those on the go. We are also committed to ADA compliance, ensuring that all members can access our services without barriers.

Branch Location & Accessibility

Welcome to Franklin-somerset, your friendly financial partner located conveniently at 114 E Madison Rd, Madison, ME 04950. Our Operations Center is here to serve you with a range of banking services that cater to your needs. If you're looking for us, you'll find our branch nestled in the heart of Somerset County, close to local landmarks that make it easy to spot. At our branch, we prioritize accessibility for all our members. The location is fully ADA compliant, ensuring that everyone can comfortably visit us. Whether you're stopping by for a quick transaction or need assistance with more complex banking needs, our dedicated staff is ready to help you. We understand that convenience matters. That's why our lobby hours are designed to fit into your busy schedule: we're open from 8:00 a.m. to 5:00 p.m., Monday through Friday. Although we currently don't offer drive-thru banking or ATM services at this location, our team is here to assist you directly inside the branch. While members can visit us at 114 E Madison Rd for all their banking needs, any official correspondence should be directed to the same address for mailing purposes. If you have questions or need assistance before your visit, don't hesitate to give us a call at 207-612-5400. We invite you to stop by and discover how Franklin-somerset can help make your banking experience smoother and more rewarding!

Member Eligibility

At Franklin-somerset, we believe that everyone deserves a supportive financial community, and becoming a member is simple! If you live, work, worship, or attend school in the areas we serve, you're likely eligible to join our family. We welcome individuals who share our commitment to financial well-being and community growth. Plus, as a member of Franklin-somerset, you'll enjoy personalized service and access to various financial products designed just for you. For detailed eligibility criteria, feel free to visit this link where you can find all the specifics. If you're ready to take the next step toward membership, opening an account is quick and easy! You can reach us at (207) 612-5400 if you have any questions or need assistance. We can't wait to welcome you through our doors at 114 E Madison Rd Madison Me 04950!

Business Banking & Commercial Services

Empowering Local Businesses

We also support the broader business community with $0 in non-member commercial loans, providing flexible financing solutions that help local enterprises thrive. With an outstanding commercial loan portfolio of $1,143,012, we continue to drive economic growth by financing new and expanding businesses in Madison, ME.

Financing Your Dreams

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. These loans can be tailored for various purposes from purchasing new equipment to managing cash flow during seasonal shifts.

Merchant Services That Matter

In addition to loans, we offer merchant services that simplify payment processing for your business. Imagine being able to accept payments easily and securely, whether you're running a brick-and-mortar store or an online shop. Our services ensure that you can focus on what you do best serving your customers. If you're ready to take your business to the next level, visit us at 114 E Madison Rd Madison Me 04950 or call us at (207) 612-5400. Let's work together to turn your vision into reality!

Comprehensive List Of Services

Banking Made Easy

One of the key services we offer is ATM Services Only. Whether you're making a quick withdrawal or checking your balance, our ATM services are convenient and accessible. Imagine being able to access your funds anytime, anywhere, without long lines or waiting periods. This service allows you to take control of your finances right when you need it.

Community Commitment

As a member-focused credit union, we are deeply rooted in the community. We aim not only to provide financial services but also to be a resource for our members' overall well-being. By offering services tailored to meet your unique needs, we strive to foster a sense of belonging and trust within our community. At Franklin-somerset, we're not just about transactions; we're about relationships. We invite you to explore all that we have to offer and experience firsthand how our services can make a difference in your life. Visit us today at 114 E Madison Rd Madison Me 04950 or give us a call at (207) 612-5400 we're excited to assist you!

Digital Banking Features

In today's fast-paced world, convenience is paramount. That's why we emphasize our digital banking capabilities. With features like online banking and mobile payments, managing your accounts has never been easier. You can pay bills, transfer money between accounts, or even send money to friends and family with just a few taps on your smartphone. No more waiting in line banking is now literally at your fingertips.

Support When You Need It

We pride ourselves on our personalized member service. If you have questions about any of our offerings or need assistance with transactions, don't hesitate to reach out! Our dedicated staff is available during regular hours from 8:00 a.m. to 5:00 p.m., Monday through Friday. You can easily contact us at (207) 612-5400 for any inquiries or support.

Digital & Online Banking

Key Features for You

Our online banking service includes features like electronic statements, so you can say goodbye to paper clutter and easily access your account information anytime you need it. You can also enjoy mobile payments for quick transactions with just your smartphone. Want to send money to a friend? Our person-to-person transfer feature makes it simple and fast. While convenience is key, we prioritize your security too. Although we currently do not support electronic signature authorization, rest assured that all your transactions are protected with advanced security measures, keeping your personal information safe. At Franklin-somerset, we believe in providing accessible and user-friendly tools for real-time account management. With our digital banking options, you're always in control of your finances no matter where life takes you!

Financial Strength

Efficient Operations

Our operational efficiency is reflected in our $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, ensuring our branches are always ready to serve you with a knowledgeable, committed team.

Member-Centric Savings

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; with non-member deposits at $0, we ensure that our resources focus on benefiting you through better loan rates, lower fees, and exclusive perks.

Reinvestment for Growth

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 is robust; with $1,494 in used auto loans and $63,603,151 in total loans and leases, we support members' financial goals across various sectors.

Solid Foundation

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.

Strong Community Trust

With a total of 19,591 share and deposit accounts, we showcase a strong and growing member base that trusts us with their finances. This trust is foundational to our mission as your community-focused credit union. 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 114 E Madison Rd Madison Me 04950 or call (207) 612-5400 to learn more about how we can help you achieve your financial goals.

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 terms and competitive rates that can suit any budget.

Credit Lines

Our total credit lines amount to $12,769,825, offering you additional flexibility when managing your finances. This can be particularly useful for covering unexpected costs or funding personal projects.

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 aim to support you every step of the way to ensure your transition into homeownership is smooth and hassle-free.

Unsecured Credit Card Loans

We also offer flexible terms on unsecured credit card loans. While we currently have a total of $0 in unsecured credit card loans available, our commitment remains strong to help you manage your finances effectively as demand grows. If you're considering refinancing or want to learn more about eligibility options for any of these products, don't hesitate to reach out. Our team is here to guide you through the process and find the best solutions tailored to your situation. For more information or assistance, feel free to contact us at (207) 612-5400. Our office is located at 114 E Madison Rd, Madison ME 04950, and we're open from 8:00 a.m. to 5:00 p.m., Monday through Friday. Performance insights and financial data are sourced from the National Credit Union Administration (NCUA) at: https://www.ncua.gov, based on the latest results. At Franklin-somerset, we're dedicated to helping our members navigate their financial paths with confidence.

Loan Aggregator

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FRANKLIN SOMERSET FEDERAL CREDIT UNION - Madison, ME

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