Somerset Federal Credit Union

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LOCATIONS

TODAY'S FEATURED RATES

Member FDIC

3.60%

Our Rating

4.3 / 5

American Express

American Express® High Yield Savings Account

See Offer

Sponsored Note: Interest compounds daily, deposited monthly

Member FDIC

3.80%

Our Rating

4.2 / 5

SoFi® Bank, N.A.

SoFi Checking and Savings

See Offer

Sponsored Note: Earn up to 3.80% APY and up to $300 with direct deposit. Members can unlock our highest savings rate with direct deposit OR by depositing $5,000 or more every 30 days. Terms apply. Member FDIC

Member FDIC

3.50%

Our Rating

4.4 / 5

Capital One

360 Performance Savings

See Offer

Sponsored Note: It only takes about 5 minutes to open a fee-free account. Member FDIC.

Member FDIC

4.44%

Our Rating

4.3 / 5

Peak Bank

Envision High Yield Savings

See Offer

Sponsored Note: Member FDIC: Insured up to $250,000. $100 Deposit Earns Interest Immediately.

Member FDIC

up to $300

Our Rating

4.2 / 5

SoFi® Bank, N.A.

SoFi Checking and Savings

See Offer

Sponsored Note: Earn up to $300 with direct deposit, plus 2-day-early-pay. FDIC insured!

Overview / Commentary

www.somersetfcu.com

508-678-2851

740 County Street
Somerset, MA 02726

Somerset Federal Credit Union is headquartered in Somerset and is the 39^th largest credit union in the state of Massachusetts. It is also the 1,159^th largest credit union in the nation. It was established in 1936 and as of March of 2025, it had grown to 36 employees and 11,375 members at 2 locations. Somerset Federal Credit Union has an A health rating.

Field of Membership Restrictions

Membership in Somerset Federal Credit Union is open to those who live, work, worship, or attend school in the Massachusetts counties of Barnstable, Bristol, or Plymouth; the Rhode Island counties of Bristol, Kent, Newport or Providence; or the Rhode Island towns of Charlestown, Exeter, Hopkinton, Narragansett, New Shoreham, North Kingstown, Richmond, or South Kingstown. Immediate family members of those eligible to join also qualify for membership.
See current membership details

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Health

Data as of Q1 2025

Learn why bank health matters

Health Grade Components

Overall
NCUA #	24239
Year Chartered	1936
Employees	36
Primary Regulator

Profit Margin
Return on Assets - YTD	0.43%
Return on Equity - YTD	3.92%
Annual Interest Income	$2.2MM

Assets and Liabilities
Assets	Q1 2025vs Q1 2024	$242.3MM$234.7MM
Loans	Q1 2025vs Q1 2024	$154.8MM$148MM
Deposits	Q1 2025vs Q1 2024	$214.5MM$200.6MM
Equity Capital	Q1 2025vs Q1 2024	$26.3MM$23.7MM
Loan Loss Allowance	Q1 2025vs Q1 2024	$297K$322K
Unbacked Noncurrent Loans	Q1 2025vs Q1 2024	$267K$937K
Real Estate Owned	Q1 2025vs Q1 2024	$230K$230K

TODAY'S FEATURED RATES

Member FDIC

3.60%

Our Rating

4.3 / 5

American Express

American Express® High Yield Savings Account

See Offer

Sponsored Note: Interest compounds daily, deposited monthly

Member FDIC

3.80%

Our Rating

4.2 / 5

SoFi® Bank, N.A.

SoFi Checking and Savings

See Offer

Member FDIC

3.50%

Our Rating

4.4 / 5

Capital One

360 Performance Savings

See Offer

Sponsored Note: It only takes about 5 minutes to open a fee-free account. Member FDIC.

Member FDIC

4.44%

Our Rating

4.3 / 5

Peak Bank

Envision High Yield Savings

See Offer

Sponsored Note: Member FDIC: Insured up to $250,000. $100 Deposit Earns Interest Immediately.

Member FDIC

up to $300

Our Rating

4.2 / 5

SoFi® Bank, N.A.

SoFi Checking and Savings

See Offer

Sponsored Note: Earn up to $300 with direct deposit, plus 2-day-early-pay. FDIC insured!

Rates

Rates for Somerset Federal Credit Union are currently being reviewed.

Locations

Somerset Federal Credit Union Locations
Branch Office	740 County St	Somerset, MA 02726
Branch Office	1723 GAR HWY	Swansea, MA 02777

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