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

Introduction

Welcome to Franklin-somerset, your trusted financial partner located at 26 Leavitt St, Skowhegan, ME 04976. Since our establishment in 1962, we have proudly served our community with a strong commitment to providing personalized banking solutions that meet the needs of our members. With a total membership of over 10,000 and assets exceeding $136 million, we are dedicated to fostering financial growth and stability for each member. At Franklin-somerset, we believe in building lasting relationships with our members. Our experienced team, led by CEO Beverly Knapp and Board President Paula Sansouci, is here to guide you through your financial journey. Whether you're looking for checking and savings accounts, auto loans, or mortgage refinancing options, we have tailored solutions to help you achieve your financial goals. We are proud of our strong community ties and focus on local impact. With total deposits amounting to $18,755,016 and cash in hand of $2,066,147, we ensure that your money is not only safe but also working for you. Additionally, our loan portfolio includes over 4,500 loans and leases designed to support personal and business needs alike. While members can visit us at 26 Leavitt St, official correspondence should be sent to our mailing address: 26 LEAVITT ST, SKOWHEGAN, ME 4976. We invite you to explore our services further on our website at www.f-sfcu.com. Feel free to reach out to us at 207-474-3331 or send a fax to 207-474-0028 if you have any questions or need assistance. Our drive-thru service opens at 7:30 a.m., Monday through Friday, making it convenient for you to access your banking needs. Join us at Franklin-somerset as we continue to grow together as a community-focused credit union. Visit us today and discover how we can help you thrive financially!

Branch History & Mission

Join Us Today!

As we look towards the future, we invite you to become part of the Franklin-Somerset family. Experience firsthand how our financial solutions can empower you and contribute to your goals. Together, let's build a stronger community! For more information or assistance, please call us at 207-474-3331 or visit our website at Franklin-Somerset.

Our Journey

From our humble beginnings, Franklin-Somerset has continually evolved to meet the needs of our members. Over the decades, we have expanded our services and embraced modern technology while maintaining our core values of service and community involvement. Today, with total assets amounting to $136,019,441, we are proud to offer a range of financial products that include personal banking, auto loans, mortgages, and business services. Our branch is equipped with amenities like an ATM and drive-thru banking for your convenience. We believe that everyone should have access to quality financial services without barriers. That's why we ensure ADA compliance and customer-centric initiatives throughout our operations.

Our Mission

At the heart of Franklin-Somerset's mission is the dedication to improve the financial well-being of our members while fostering community growth. We strive to provide exceptional service through personalized banking experiences tailored to each member's unique needs. Our commitment extends beyond just transactions; we actively engage in community outreach programs that support local initiatives and promote economic development. While members can visit us at 26 Leavitt St, official correspondence should be sent to 26 LEAVITT ST, SKOWHEGAN, ME 4976 if needed. Our operating hours are convenient for busy lifestyles: the lobby is open Monday through Friday from 9:00 a.m. to 4:00 p.m., and until 5:30 p.m. on Thursdays and Fridays.

Branch Location & Accessibility

Welcome to Franklin-somerset, your trusted credit union located conveniently at 26 Leavitt St, Skowhegan, ME 04976. Nestled in the heart of Somerset County, our branch is easy to find and access, making your banking experience straightforward and pleasant. Whether you're coming from downtown Skowhegan or nearby landmarks like the Skowhegan Fairgrounds, you'll find us just a short drive away. At Franklin-somerset, we prioritize accessibility for all members. Our branch is ADA compliant and features ramps for easy entry. We offer ample parking right outside our door, so you can visit us without any hassle. If you prefer banking from your vehicle, our drive-thru service is available to accommodate your needs. With operating hours designed to fit your busy schedule our lobby opens at 9:00 a.m. and closes at 5:00 p.m. on Thursdays and Fridays banking with us is convenient. For those who need quick cash or want to check their balances, we have an ATM available on-site for your convenience. And if you ever have questions or need assistance, our friendly staff is just a phone call away at 207-474-3331. While members can visit us at 26 Leavitt St, official correspondence should be sent to the same address for clarity in communication. We invite you to stop by Franklin-somerset today! Whether you're looking for personal banking solutions or want to learn more about our services like auto loans and credit cards with rewards, we're here to help you every step of the way. Come see how we can assist you with all your financial needs!

Member Eligibility

At Franklin-somerset, we believe that joining our credit union is like becoming part of a caring community that supports your financial journey. If you're interested in becoming a member, you'll find that the eligibility criteria are designed to be welcoming and inclusive. Generally, anyone who lives, works, worships, or attends school in the area can apply for membership. This means that whether you're a long-time resident or new to the community, you may qualify to enjoy all the benefits we offer from personalized service to competitive rates on loans and savings accounts. To get started with your membership at Franklin-somerset, simply visit us at our office located at 26 Leavitt St Skowhegan Me 04976 or give us a call at (207) 474-3331 for more information. We're here to help guide you through the easy account opening process! For more detailed eligibility requirements, feel free to check out our website at . We can't wait to welcome you into our family!

Business Banking & Commercial Services

Business Loans to Fuel Your 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. Whether you're looking to invest in equipment, expand your workforce, or open a new location, our commercial loan options are designed to meet your needs.

Merchant Services That Make Transactions Easy

In today's fast-paced marketplace, smooth transactions are crucial. Our merchant services allow you to accept payments quickly and securely, giving your customers the convenience they expect. Imagine processing payments effortlessly while keeping track of sales data all at your fingertips. Located at 26 Leavitt St Skowhegan Me 04976 in Skowhegan, ME, we're here to support local businesses like yours. Call us at (207) 474-3331 to learn more about how our business banking solutions can help you achieve your goals!

Comprehensive List Of Services

Business Banking

We also support local businesses with dedicated services including merchant services and business loans. Understanding the unique challenges faced by small businesses, we tailor our solutions to help you thrive in today's market.

Connect with Us

If you're ready to explore how our services can help you achieve your financial goals or if you have any questions about what we offer, feel free to reach out! You can contact us at (207) 474-3331, or visit us at 26 Leavitt St Skowhegan Me 04976 during lobby hours from 9:00 a.m. to 4:00 p.m., Monday through Wednesday and until 5:00 p.m. Thursday and Friday. We look forward to serving you at Skowhegan!

Digital Convenience

In today's fast-paced world, convenience matters. That's why we offer robust online and mobile banking features so you can manage your accounts anytime, anywhere. Whether you're making payments, transferring funds, or checking balances on the go, our digital tools make it simple. With an ATM available at our branch and basic drive-thru banking for deposits and withdrawals, getting access to your funds has never been easier.

Loans for Every Need

Additionally, if you find yourself needing some extra cash for unexpected expenses or planning a big purchase, our personal loans and debt consolidation services can help you achieve peace of mind. With competitive rates and flexible terms, we strive to make borrowing as easy as possible. For those looking to earn rewards while making purchases, our credit cards with rewards program offers benefits that can enhance your everyday spending.

Personal Banking

For individuals seeking reliable banking options, our personal banking services include checking and savings accounts that help you manage your day-to-day finances efficiently. We understand that saving for future goals is essential, which is why we offer competitive interest rates on our savings accounts. When it comes to financing, auto loans and vehicle financing are available for those ready to hit the road in a new or used car. Imagine driving off with the vehicle of your dreams while enjoying manageable monthly payments tailored to fit your budget. If you're considering buying a home or refinancing your current mortgage, we provide mortgage loans and refinancing options that are straightforward and member-friendly. Our team is here to guide you through every step of the process.

Digital & Online Banking

Key Features

Enjoy the flexibility of E-Statements available for all members. This not only keeps your financial information organized but also helps reduce paper clutter. You can opt for our Mobile Application, giving you the power to manage your accounts right from your smartphone. Whether you're checking balances or making transactions, everything is just a tap away. For those who appreciate modern payment methods, our Mobile Payments Feature allows you to make quick and easy purchases using your mobile device. Plus, with our Person-to-Person Transfers, sending money to friends or family has never been easier just a few clicks and you're done!

Security & Support

Your security is our priority. While we currently don't offer electronic signature authorization for documents, rest assured that all your online transactions are protected with advanced security measures. If you ever need assistance or have questions about any of our digital services, our dedicated support team is just a phone call away at (207) 474-3331. At Franklin-somerset, we are committed to making banking accessible and straightforward for all our members. Join us today and experience how digital banking can simplify your financial life!

Financial Strength

Member Savings & Investments

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 are focused on benefiting you through better loan rates, lower fees, and exclusive perks.

Operational Efficiency & Team Commitment

Our $0 reflects our operational efficiency, 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.

Our Financial Health

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 $1,244 demonstrates a solid capital foundation, ensuring that we can continue providing loans, competitive savings rates, and uninterrupted services even in uncertain economic times.

Reinvesting in Our Future

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 impressive with $1,494 in used auto loans and $63,603,151 in total loans and leases, supporting our members' financial goals across various sectors.

Strong Member Base

Total Share and Deposit Accounts: 19,591, showing a strong and growing member base that trusts us with their finances. This trust is the cornerstone of our community-focused mission. 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 26 Leavitt St Skowhegan Me 04976 or call (207) 474-3331 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. We have issued over $28,575,424 in used vehicle loans and $8,832,484 in new vehicle loans already helping members get on the road. Whether you're buying a new model or a reliable used car, we have flexible terms to fit your budget.

Commercial Loans

For business owners in our community, our outstanding commercial loans total $1,143,012, providing the capital needed to grow and expand your business. We understand the challenges faced by local businesses and aim to support them through tailored financing solutions. At Franklin-Somerset, our commitment is not just about lending; it's about building relationships with our members. We encourage you to reach out if you're interested in refinancing options or need assistance with eligibility requirements. You can contact us at 207-474-3331 for more information or visit our website at www.f-sfcu.com. All performance insights and financial data are sourced from the National Credit Union Administration (NCUA) at: https://www.ncua.gov , based on the latest results. Let us help you navigate your financial journey today!

Credit Lines and Personal Loans

For those looking for added flexibility in managing expenses or consolidating debt, we offer total credit lines amounting to $12,769,825. This allows you to access funds when needed without the hassle of applying for multiple loans. Additionally, we provide unsecured credit card loans with flexible terms though currently totaling $0, our focus is on helping members manage their finances effectively without the burden of high-interest rates.

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 provide competitive rates and personalized service to guide you through the process of securing your dream home.

Loan Aggregator

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Ensuring Accurate Loan Comparisons

LendMesh ensures accurate loan comparisons by sourcing data 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 commitment to transparency means that users can trust the offers they see are fair and reliable.

FRANKLIN SOMERSET FEDERAL CREDIT UNION