Somerset Federal Credit Union

Overview / Commentary
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 1,244th largest credit union in the nation. It was established in 1936 and as of June of 2022, it had grown to 28 employees and 11,100 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.
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Health Grade Components

NCUA #24239
Year Chartered1936
Primary Regulator
Profit Margin
Return on Assets - YTD0.33%
Return on Equity - YTD3.63%
Annual Interest Income$2.4MM
Assets and Liabilities
AssetsQ2 2022vs Q2 2021$203.9MM$193.7MM
LoansQ2 2022vs Q2 2021$114.4MM$100.8MM
DepositsQ2 2022vs Q2 2021$184.9MM$166.9MM
Equity CapitalQ2 2022vs Q2 2021$18.6MM$22.9MM
Loan Loss AllowanceQ2 2022vs Q2 2021$175.00K$141.00K
Unbacked Noncurrent LoansQ2 2022vs Q2 2021$980.00K$704.00K
Real Estate OwnedQ2 2022vs Q2 2021$0$230.00K
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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

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

0.15%$1k-Statement Money Market

Somerset Federal Credit Union Checking Account Rates

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

Somerset Federal Credit Union CD Rates

1.00%$1k-60 Month Term Share Certificate
0.80%$1k-48 Month Term Share Certificate
0.70%$1k-36 Month Term Share Certificate
0.55%$1k-24 Month Term Share Certificate
0.45%$1k-12 Month Term Share Certificate
0.25%$1k-6 Month Term Share Certificate

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

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