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Somerset Federal Credit Union


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 46th largest credit union in the state of Massachusetts. It is also the 1,277th largest credit union in the nation. It was established in 1936 and as of March of 2020, it had grown to 30 employees and 11,073 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
A

Data as of Q1 2020

Learn why bank health matters

Health Grade Components

Overall
NCUA #24239
Year Chartered1936
Employees30
Primary Regulator
Profit Margin
Return on Assets - YTD0.53%
Return on Equity - YTD3.59%
Annual Interest Income$1.3MM
Assets and Liabilities
AssetsQ1 2020vs Q1 2019$155.9MM$150.3MM
LoansQ1 2020vs Q1 2019$97.3MM$85.5MM
DepositsQ1 2020vs Q1 2019$129.4MM$129.4MM
Equity CapitalQ1 2020vs Q1 2019$22.6MM$20.9MM
Loan Loss AllowanceQ1 2020vs Q1 2019$137.00K$124.00K
Unbacked Noncurrent LoansQ1 2020vs Q1 2019$980.00K$770.00K
Real Estate OwnedQ1 2020vs Q1 2019$230.00K$0
Rates
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* 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

APYMINMAXACCOUNT NAMEVIEW DETAILS
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

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.15%$1k-Statement Money Market

Somerset Federal Credit Union Checking Account Rates

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

Somerset Federal Credit Union CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.51%$1k-60 Month Term Share Certificate
1.26%$1k-48 Month Term Share Certificate
1.11%$1k-36 Month Term Share Certificate
1.01%$1k-24 Month Term Share Certificate
0.80%$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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