Somerset Federal Credit Union


Overview / Commentary
508-678-2851
740 County Street
Somerset, MA 02726

Somerset Federal Credit Union is headquartered in Somerset and is the 44th largest credit union in the state of Massachusetts. It is also the 1,266th largest credit union in the nation. It was established in 1936 and as of December of 2020, it had grown to 29 employees and 11,019 members at 1 location. Somerset Federal Credit Union has an A+ health rating.

Field of Membership Restrictions

Membership is open to those who live or work in Bristol County and their immediate family.
See current membership details

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Health
A+

Health Grade Components

Overall
NCUA #24239
Year Chartered1936
Employees29
Primary Regulator
Profit Margin
Return on Assets - YTD0.26%
Return on Equity - YTD1.96%
Annual Interest Income$5.0MM
Assets and Liabilities
AssetsQ4 2020vs Q4 2019$177.7MM$151.8MM
LoansQ4 2020vs Q4 2019$99.0MM$94.1MM
DepositsQ4 2020vs Q4 2019$150.3MM$126.1MM
Equity CapitalQ4 2020vs Q4 2019$23.3MM$21.9MM
Loan Loss AllowanceQ4 2020vs Q4 2019$129.00K$125.00K
Unbacked Noncurrent LoansQ4 2020vs Q4 2019$435.00K$845.00K
Real Estate OwnedQ4 2020vs Q4 2019$230.00K$0
Rates
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Always verify rates and promotions with the bank or credit union. We are not Somerset Federal Credit Union; we are a rate comparison website and cannot provide official rates or promotions.

* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

Somerset Federal Credit Union Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.00%*-$100kKasasa Saver
OTHER TIERS: 0.15% $100k+
0.10%$10-Statement Savings
0.05%$10-Christmas Club Account

Somerset Federal Credit Union Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.15%$1k-Statement Money Market

Somerset Federal Credit Union Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.00%*-$10kKasasa Cash Checking
OTHER TIERS: 0.15% $10k+
0.05%$500-Free Checking

Somerset Federal Credit Union CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.16%$1k-60 Month Term Share Certificate
0.90%$1k-48 Month Term Share Certificate
0.75%$1k-36 Month Term Share Certificate
0.65%$1k-24 Month Term Share Certificate
0.50%$1k-12 Month Term Share Certificate
0.25%$1k-6 Month Term Share Certificate
Locations


Somerset Federal Credit Union Locations
Branch Office740 County StSomerset, MA 02726

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