Featured Savings Rates
Featured Accounts

Somerville School Employees Federal Credit Union

Popular Accounts at this Credit Union

APYACCOUNT TYPEACCOUNT NAME
0.21%1-year CD1 Year CD
0.06%SavingsRegular Savings
0.51%3-year CD3 Year CD

Overview / Commentary
617-625-8411
100 Highland Ave
Somerville, MA 02143

Somerville School Employees Federal Credit Union is headquartered in Somerville and is the 90th largest credit union in the state of Massachusetts. It is also the 3,122nd largest credit union in the nation. It was established in 1939 and as of March of 2017, it had grown to 3 employees and 1,859 members at 1 location. Somerville School Employees Federal Credit Union has a B health rating.

Field of Membership Restrictions

Membership is open to employees of the Somerville School Department who are paid by the city of Somerville, Massachusetts.
See current membership details

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Health
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 School Employees Federal Credit Union has a low asset base.

Health Grade Components

Overall
NCUA #3475
Year Chartered1939
Employees3
Primary Regulator
Profit Margin
Return on Assets - YTD-0.05%
Return on Equity - YTD-0.3%
Annual Interest Income$131.00K
Assets and Liabilities
AssetsQ1 2017vs Q1 2016$26.1MM$26.7MM
LoansQ1 2017vs Q1 2016$9.2MM$9.1MM
DepositsQ1 2017vs Q1 2016$22.0MM$22.6MM
Equity CapitalQ1 2017vs Q1 2016$4.1MM$4.1MM
Loan Loss AllowanceQ1 2017vs Q1 2016$30.00K$29.00K
Unbacked Noncurrent LoansQ1 2017vs Q1 2016$48.00K$101.00K
Real Estate OwnedQ1 2017vs Q1 2016$0$0
Rates
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Somerville School Employees Federal Credit Union Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.06%--Regular Savings

Somerville School Employees Federal Credit Union Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.11%--MMDA

Somerville School Employees Federal Credit Union CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.51%--3 Year CD
0.31%--2 Year CD
0.21%--1 Year CD
0.16%--90 Day CD
0.16%--6 Month CD
Locations


Somerville School Employees Federal Credit Union Locations
Branch Office100 Highland AveSomerville, MA 02143