Charter 15159 · Madison, ME
Franklin-Somerset Federal Credit Union
Franklin-Somerset Federal Credit Union is a federally chartered credit union in Madison, Maine, with $149 million in assets and 10,001 members as of June 30, 2026, according to the call report it filed with NCUA. Its net worth ratio was 12.92%, well above the 7% that NCUA's rules treat as well capitalized.
- Total assets
- $149 million
- +6.5% in a year
- Members
- 10,001
- -1.5% in a year
- Net worth ratio
- 12.92%
- Peer median 11.65%
- Loans 60+ days late
- 0.75%
- Peer median 0.70%
- Loans outstanding
- $65.4 million
- -1.0% in a year
- Shares and deposits
- $129 million
- +6.4% in a year
- Branches
- 6
- 36 employees
- Opened
- 1962
- Federal charter
How Franklin-Somerset Federal Credit Union compares
NCUA groups credit unions by size; Franklin-Somerset Federal Credit Union is in the group with $100 million to $500 million (1,061 credit unions). Its net worth ratio of 12.92% is higher than that group's median of 11.65%, and its share of loans 60 or more days past due, 0.75%, is about the same as the group median of 0.70%. Loans fell 1.0% over the year to Q2 2026, against a group median of 2.9% growth.
By assets it ranks 29 of 48 credit unions headquartered in Maine. See all Maine credit unions.
Five quarters of figures
| Quarter | Assets | Members | Loans | Net worth ratio | 60+ days late |
|---|---|---|---|---|---|
| Q2 2026 | $149 million | 10,001 | $65.4 million | 12.92% | 0.75% |
| Q1 2026 | $152 million | 10,005 | $64.6 million | 12.41% | 0.64% |
| Q4 2025 | $144 million | 9,983 | $65.0 million | 12.75% | 0.79% |
| Q3 2025 | $142 million | 10,156 | $65.9 million | 12.78% | 0.64% |
| Q2 2025 | $140 million | 10,151 | $66.0 million | 12.68% | 0.65% |
Assets Members
Who can join
The field of membership is the group a credit union is allowed to serve: people who live or work in an area, employees of certain companies, members of an association, and their families. The credit union's own website has the exact rules. On its call report it estimates its field of membership at about 82,444 potential members. It holds NCUA's low-income designation, which lets it accept non-member deposits and raise secondary capital.
Credit unions that anyone in the US can join
Locations
NCUA's branch file lists 7 sites for Franklin-Somerset Federal Credit Union. The branch count in the figures above comes from its call report, which is filed separately, so the two can differ slightly.
- Farmington
485 Wilton Rd, Farmington, ME 04938 - Kingfield
476 Main St, Kingfield, ME 04947 - Madison
20 Main St, Madison, ME 04950 - Skowhegan
26 Leavitt St, Skowhegan, ME 04976 - Operations Center (main office)
114 E Madison Rd, Madison, ME 04950 - Stratton
104 Main Street, Stratton, ME 04982 - CO-OP FINANCIAL SERVICES SHARED BRANCH/VELERA
615 Channelside Dr Ste 204, Tampa, FL 33602
About these numbers
Figures come from the NCUA 5300 Call Report quarterly data for Q2 2026 (quarter ended June 30, 2026), which each credit union files itself. "60+ days late" is delinquent loans of two months or more divided by total loans. Peer medians are computed across every credit union in the same NCUA asset-size group. NCUA call report data · Methodology