Somerville Municipal Federal Credit Union

Overview / Commentary
236 Holland St
Somerville, MA 02144

Somerville Municipal Federal Credit Union is headquartered in Somerville and is the 74th largest credit union in the state of Massachusetts. It is also the 2,463rd largest credit union in the nation. It was established in 1941 and as of June of 2019, it had grown to 5 employees and 2,450 members at 1 location. Somerville Municipal Federal Credit Union's CD rates are 100% higher than the national average, and it has a B+ health rating.

Field of Membership Restrictions

Membership is open to residents of Somerville.
See current membership details


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Additional Factors: Institutions with a small asset base, a short operating history, or negative return on assets can represent an instability risk beyond what their financial ratios indicate. Somerville Municipal Federal Credit Union has a low asset base.

Health Grade Components

NCUA #4524
Year Chartered1941
Primary Regulator
Profit Margin
Return on Assets - YTD0.79%
Return on Equity - YTD5.27%
Annual Interest Income$714.00K
Assets and Liabilities
AssetsQ2 2019vs Q2 2018$44.2MM$42.5MM
LoansQ2 2019vs Q2 2018$26.2MM$21.7MM
DepositsQ2 2019vs Q2 2018$37.5MM$36.3MM
Equity CapitalQ2 2019vs Q2 2018$6.6MM$6.1MM
Loan Loss AllowanceQ2 2019vs Q2 2018$345.00K$314.00K
Unbacked Noncurrent LoansQ2 2019vs Q2 2018$37.00K$95.00K
Real Estate OwnedQ2 2019vs Q2 2018$0$0
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

Somerville Municipal Federal Credit Union Savings Account Rates

1.75%--IRA Share
0.45%-$2.5kSuper Saver Club
0.05%--Regular Share
0.05%$5-Special Purpose Account

Somerville Municipal Federal Credit Union Money Market Rates

0.15%$2.5k-Money Market Account

Somerville Municipal Federal Credit Union CD Rates

2.30%$1k-60 Month Term Certificate
2.20%$1k-36 Month Term Certificate
2.10%$1k-30 Month Term Certificate
2.00%$1k-18 Month Term Certificate
1.80%$1k-12 Month Term Certificate
1.00%$1k-9 Month Term Certificate
0.75%$1k-6 Month Term Certificate

Somerville Municipal Federal Credit Union IRA Rates

2.30%$1k-60 Month IRA Certificate
2.20%$1k-36 Month IRA Certificate
2.10%$1k-30 Month IRA Certificate
2.00%$1k-18 Month IRA Certificate
1.80%$1k-12 Month IRA Certificate
1.00%$1k-9 Month IRA Certificate
0.75%$1k-6 Month IRA Certificate

Somerville Municipal Federal Credit Union Locations
Branch Office236 Holland StSomerville, MA 02144

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