Franklin First reports solid year in 2015
GREENFIELD, MA (May 9, 2016) — Franklin First Federal Credit Union reported solid performance in 2015. In its 58th year of operation, Franklin First posted net income of $84,339 and total assets of about $56.8 million.
As part of its Annual Meeting proceedings on April 30, 2016 in Northampton, Massachusetts Franklin First Federal Credit Union’s members elected the following slate of officers to three-year terms on the Franklin First Board of Directors: Charles Hamberg; Mandy Lyn Sweet-Antes; and Todd Cromack.
At the Annual Meeting, the Credit Union honored CEO/President, Martha Richardson who has announced that she will be retiring this year after 32 years of service to Franklin First. It was also announced that the Board has approved the appointment of Michelle Dwyer as Richardson’s replacement.
Richardson said, “I will be forever grateful for the years I was permitted to lead Franklin First. I am retiring with confidence knowing that I am handing over the reins to a very dedicated team, and an energetic, very capable new CEO, Michelle Dwyer. I know Michelle and the team will continue our mission of serving our loyal members with friendliness and respect.”
At the end of 2015, Franklin First posted the following results:
- 6,612 Member/Owners
- $56.8 million in total assets
- $33 million in total loans
- $9 million in new loans
- $84,339 in total net income
About Franklin First Federal Credit Union
Franklin First Federal Credit Union began in 1958 at Franklin County Public Hospital. In the 1980's there were mergers of four Franklin County credit unions: Franklin County Public Hospital FCU, Franklin County Teachers FCU, Lunt Silversmiths CU, and Greenfield Tap & Die Credit Union. Anyone who lives, works, attends school or worships in Franklin County can join Franklin First. They currently serve over 7,000 members and over 250 Business Group Partners at their branch at 57 Newton Street in Greenfield, Massachusetts.