Overview / Commentary
236 Holland St
Somerville, MA 02144

Somerville Municipal Federal Credit Union is headquartered in Somerville and is the 75th largest credit union in the state of Massachusetts. It is also the 2,484th largest credit union in the nation. It was established in 1941 and as of September of 2018, it had grown to 5 employees and 2,449 members at 1 location. Somerville Municipal Federal Credit Union's CD rates are 2X 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


No reviews have been left for this bank yet. Be the first to review.

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 - YTD0.61%
Return on Equity - YTD4.2%
Annual Interest Income$889.00K
Assets and Liabilities
AssetsQ3 2018vs Q3 2017$43.4MM$41.5MM
LoansQ3 2018vs Q3 2017$22.2MM$20.9MM
DepositsQ3 2018vs Q3 2017$37.0MM$35.5MM
Equity CapitalQ3 2018vs Q3 2017$6.2MM$6.0MM
Loan Loss AllowanceQ3 2018vs Q3 2017$305.00K$268.00K
Unbacked Noncurrent LoansQ3 2018vs Q3 2017$43.00K$86.00K
Real Estate OwnedQ3 2018vs Q3 2017$0$0
Skip to rates for:
Report an Issue

Always verify rates and promotions with the bank or credit union. We are not Somerville Municipal 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.

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

3.00%$1k-60 Month Term Certificate
2.75%$1k-36 Month Term Certificate
2.50%$1k-30 Month Term Certificate
2.30%$1k-18 Month Term Certificate
2.00%$1k-12 Month Term Certificate
1.10%$1k-9 Month Term Certificate
1.00%$1k-6 Month Term Certificate

Somerville Municipal Federal Credit Union IRA Rates

3.00%$1k-60 Month IRA Certificate
2.75%$1k-36 Month IRA Certificate
2.50%$1k-30 Month IRA Certificate
2.30%$1k-18 Month IRA Certificate
2.00%$1k-12 Month IRA Certificate
1.10%$1k-9 Month IRA Certificate
1.00%$1k-6 Month IRA Certificate

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

The financial institution, product, and APY (Annual Percentage Yield) data displayed on this website is gathered from various sources and may not reflect all of the offers available in your region. Although we strive to provide the most accurate data possible, we cannot guarantee its accuracy. The content displayed is for general information purposes only; always verify account details and availability with the financial institution before opening an account. Contact [email protected] to report inaccurate info or to request offers be included in this website. We are not affiliated with the financial institutions included in this website.