Featured Savings Rates
Featured Accounts

Somerville Municipal Federal Credit Union

Popular Accounts at this Credit Union

APYACCOUNT TYPEACCOUNT NAME
1.85%5-year CD60 Month Term Certificate
0.75%1-year CD12 Month Term Certificate
0.05%SavingsSpecial Purpose Account

Overview / Commentary
617-625-0898
236 Holland St
Somerville, MA 02144

Somerville Municipal Federal Credit Union is headquartered in Somerville and is the 77th largest credit union in the state of Massachusetts. It is also the 2,551st largest credit union in the nation. It was established in 1941 and as of December of 2016, it had grown to 5 employees and 2,458 members at 1 location. Somerville Municipal Federal Credit Union has a B+ health rating.

Field of Membership Restrictions

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

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Health
B+
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

Overall
NCUA #4524
Year Chartered1941
Employees5
Primary Regulator
Profit Margin
Return on Assets - YTD0.35%
Return on Equity - YTD2.45%
Annual Interest Income$990.00K
Assets and Liabilities
AssetsQ4 2016vs Q4 2015$40.5MM$38.4MM
LoansQ4 2016vs Q4 2015$19.8MM$19.5MM
DepositsQ4 2016vs Q4 2015$34.6MM$32.6MM
Equity CapitalQ4 2016vs Q4 2015$5.8MM$5.7MM
Loan Loss AllowanceQ4 2016vs Q4 2015$255.00K$246.00K
Unbacked Noncurrent LoansQ4 2016vs Q4 2015$69.00K$66.00K
Real Estate OwnedQ4 2016vs Q4 2015$0$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.

Somerville Municipal Federal Credit Union Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.25%--IRA Share
1.25%--Coverdell ESA Share
0.45%--Super Saver Club
0.05%--Regular Share
0.05%--Special Purpose Account

Somerville Municipal Federal Credit Union Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.15%$2,500-Money Market Account

Somerville Municipal Federal Credit Union CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.85%$1k-60 Month Term Certificate
1.50%$1k-30 Month Term Certificate
0.75%$1k-6 Month Term Certificate
0.75%$1k-12 Month Term Certificate
0.75%$1k-9 Month Term Certificate

Somerville Municipal Federal Credit Union IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.85%$1k-60 Month IRA Certificate
1.50%$1k-30 Month IRA Certificate
0.75%$1k-6 Month IRA Certificate
0.75%$1k-9 Month IRA Certificate
0.75%$1k-12 Month IRA Certificate
Locations


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