Somerset Federal Credit Union


Popular Accounts at this Credit Union

APYACCOUNT TYPEACCOUNT NAME
1.71%5-year CD60 Month Term Share Certificate
0.75%1-year CD12 Month Term Share Certificate
0.10%SavingsStatement Savings

Overview / Commentary
508-678-2851
740 County Street
Somerset, MA 02726

Somerset Federal Credit Union is headquartered in Somerset and is the 49th largest credit union in the state of Massachusetts. It is also the 1,294th largest credit union in the nation. It was established in 1936 and as of June of 2018, it had grown to 28 employees and 11,720 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.
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 - YTD0.47%
Return on Equity - YTD3.37%
Annual Interest Income$2.3MM
Assets and Liabilities
AssetsQ2 2018vs Q2 2017$145.2MM$142.6MM
LoansQ2 2018vs Q2 2017$79.7MM$79.6MM
DepositsQ2 2018vs Q2 2017$125.2MM$122.7MM
Equity CapitalQ2 2018vs Q2 2017$20.2MM$19.9MM
Loan Loss AllowanceQ2 2018vs Q2 2017$115.00K$125.00K
Unbacked Noncurrent LoansQ2 2018vs Q2 2017$541.00K$1.1MM
Real Estate OwnedQ2 2018vs Q2 2017$0$0
Rates
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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
2.27%$1k-24 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
0.75%$1k-12 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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