Credit union · NCUA insured
Franklin-Somerset Federal Credit Union
A $151.8M credit union headquartered in Madison, ME, with 10,005 members and 6 branches in 2 states. Best rates: CDs 3.56% and savings 1.00% APY.
Franklin-Somerset Federal Credit Union Carrot Score
73
Carrot Score
Higher than 33% of U.S. banks and credit unions
#36 of 54 in Tampa, FL metroHow the score works →
Deposits are federally insured by the NCUA up to $250,000 per depositor.
About Franklin-Somerset Federal Credit Union
Founded in 1962 as Bass Shoe Federal Credit Union, Franklin-Somerset Federal Credit Union is a member-owned financial institution governed by a board of directors chosen from its members.
After renaming to Franklin County Federal Credit Union, it expanded through mergers with Bennett Importing FCU, Mt. Blue FCU, Skowhegan Community FCU, and Madison-Anson.
The credit union serves all of Franklin and Somerset Counties with branch locations in Farmington, Kingfield, Stratton, Skowhegan, and Madison, alongside an Operations Center in Madison.
- Headquarters
- 114 E Madison Rd, Madison, ME 04950-3027
- NCUA charter
- 15159
Membership
Who can join
This may be incomplete or out of date, so check with the credit union before you apply.
Where you live or work
- Eligibility is open to individuals who live in Franklin or Somerset counties.
- Eligibility is open to individuals who work in Franklin or Somerset counties.
Branches
6 branches in 2 states
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Maine
5 branches
Farmington area · 1
- Farmington485 Wilton Rd, Farmington, ME 04938Directions
Kingfield area · 1
- Kingfield476 Main St, Kingfield, ME 04947Directions
Madison area · 1
- Madison20 Main St, Madison, ME 04950Directions
Skowhegan area · 1
- Skowhegan26 Leavitt St, Skowhegan, ME 04976Directions
Stratton area · 1
- Stratton104 Main St, Stratton, ME 04982Directions
Florida
1 branch
- Co-Op Financial Services Shared Branch/Velera615 Channelside Dr, Ste 204B, Tampa, FL 33602Directions
Walk-in offices from the NCUA directory as of March 31, 2026. Directions open Google Maps. A nearby branch doesn’t mean you can join or open an account.
Financial details
Well capitalizedas reported to the NCUA
| Measure | This credit union | Peers’ middle | Strongest quarter |
|---|---|---|---|
| CapitalNet worth ratio | 12.92% | 11.43% | 13.58% or more |
| Troubled loans60+ days late | 0.75% | 0.68% | 0.39% or less |
| ProfitabilityReturn on assets | 1.22% | 0.75% | 1.18% or more |
| LendingLoans per $100 deposited | $51 | $76 | — |
- CapitalNet worth ratio12.92%Peers’ middle 11.43% · Top 25% 13.58%+
- Troubled loans60+ days late0.75%Peers’ middle 0.68% · Top 25% ≤0.39%
- ProfitabilityReturn on assets1.22%Peers’ middle 0.75% · Top 25% 1.18%+
- LendingLoans per $100 deposited$51Peers’ middle $76
Compared with the 1,338 credit unions with $100 million to $1 billion in assets. The strongest quarter is what the best 25% of them reach: more capital and profit, fewer troubled loans. Lending has no better end.Troubled loans are loans 60 or more days late.
Regulators’ own ratings of Franklin-Somerset Federal Credit Union are confidential. These figures are what it reports to the NCUA each quarter, set beside its peers; they aren’t a rating.