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 1,263rd largest credit union in the nation. It was established in 1936 and as of September of 2019, it had grown to 28 employees and 11,126 members at 1 location. Somerset Federal Credit Union's CD rates are 2X the national average, and it 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

Health Grade Components

Overall
NCUA #24239
Year Chartered1936
Employees28
Primary Regulator
Profit Margin
Return on Assets - YTD0.62%
Return on Equity - YTD4.32%
Annual Interest Income$3.9MM
Assets and Liabilities
AssetsQ3 2019vs Q3 2018$152.4MM$143.7MM
LoansQ3 2019vs Q3 2018$89.1MM$82.5MM
DepositsQ3 2019vs Q3 2018$126.6MM$123.7MM
Equity CapitalQ3 2019vs Q3 2018$21.7MM$19.7MM
Loan Loss AllowanceQ3 2019vs Q3 2018$132.00K$115.00K
Unbacked Noncurrent LoansQ3 2019vs Q3 2018$964.00K$542.00K
Real Estate OwnedQ3 2019vs Q3 2018$0$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.

Somerset Federal Credit Union Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
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
0.05%$500-Share Draft Checking

Somerset Federal Credit Union CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.00%$1k-12 Month Term Share Certificate
1.71%$1k-60 Month Term Share Certificate
1.36%$1k-48 Month Term Share Certificate
1.26%$1k-36 Month Term Share Certificate
1.11%$1k-24 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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