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.
Membership is open to those who live or work in Bristol County and their immediate family.
See current membership details
Overall | |
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NCUA # | 24239 |
Year Chartered | 1936 |
Employees | 29 |
Primary Regulator |
Profit Margin | |
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Return on Assets - YTD | 0.26% |
Return on Equity - YTD | 1.96% |
Annual Interest Income | $5.0MM |
Assets and Liabilities | ||
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Assets | Q4 2020vs Q4 2019 | $177.7MM$151.8MM |
Loans | Q4 2020vs Q4 2019 | $99.0MM$94.1MM |
Deposits | Q4 2020vs Q4 2019 | $150.3MM$126.1MM |
Equity Capital | Q4 2020vs Q4 2019 | $23.3MM$21.9MM |
Loan Loss Allowance | Q4 2020vs Q4 2019 | $129.00K$125.00K |
Unbacked Noncurrent Loans | Q4 2020vs Q4 2019 | $435.00K$845.00K |
Real Estate Owned | Q4 2020vs Q4 2019 | $230.00K$0 |
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.
APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
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1.00%* | - | $100k | Kasasa Saver | ||
OTHER TIERS: 0.15% → $100k+ | |||||
0.10% | $10 | - | Statement Savings | ||
0.05% | $10 | - | Christmas Club Account |
APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
---|---|---|---|---|
0.15% | $1k | - | Statement Money Market |
APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
---|---|---|---|---|---|
2.00%* | - | $10k | Kasasa Cash Checking | ||
OTHER TIERS: 0.15% → $10k+ | |||||
0.05% | $500 | - | Free Checking |
Somerset Federal Credit Union Locations | ||
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Branch Office | 740 County St | Somerset, MA 02726 |