Somerset Federal Credit Union is headquartered in Somerset and is the 43rd largest credit union in the state of Massachusetts. It is also the 1,232nd largest credit union in the nation. It was established in 1936 and as of December of 2021, it had grown to 28 employees and 11,079 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 | 28 |
Primary Regulator |
Profit Margin | |
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Return on Assets - YTD | 0.33% |
Return on Equity - YTD | 2.96% |
Annual Interest Income | $4.6MM |
Assets and Liabilities | ||
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Assets | Q4 2021vs Q4 2020 | $202.5MM$177.7MM |
Loans | Q4 2021vs Q4 2020 | $106.1MM$99.0MM |
Deposits | Q4 2021vs Q4 2020 | $176.5MM$150.3MM |
Equity Capital | Q4 2021vs Q4 2020 | $22.4MM$23.3MM |
Loan Loss Allowance | Q4 2021vs Q4 2020 | $162.00K$129.00K |
Unbacked Noncurrent Loans | Q4 2021vs Q4 2020 | $1.0MM$435.00K |
Real Estate Owned | Q4 2021vs Q4 2020 | $230.00K$230.00K |
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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 |