Somerville, MA · State Credit Union · Chartered in MA
Who can join
State government employees (special charter)
Members
6,681
Net Worth Ratio
8.56%
min. 7% = Well Capitalized
Contact & Details
NCUAWebsite
Phone
Address
Branch Locations
Credit unions are exempt from CRA. The Community Reinvestment Act applies only to FDIC-insured banks and thrifts. Credit unions are regulated by NCUA and evaluated under a separate safety and soundness framework.
Total Assets
$174.6M
Total Shares
$153.4M
Total Loans
$110.7M
Net Income
$151K
Net Worth Ratio
8.56%
≥7% = Well Capitalized
Members
6,681
Return on Assets
0.09%
annualized · >0.5% healthy
Delinquency Rate (60d+)
0.36%
$397K
| Year | Applications | Originated | Denials | Orig. Rate | Denial Rate |
|---|---|---|---|---|---|
| 2023 | 59 | 46 | 4 | 78.0% | 6.8% |
No CFPB complaint data available for this credit union.
Somerville
493 Somerville Ave, Somerville, MA, 02143
Monday 8:30 am - 5:00 pm Tuesday & Wednesday 8:30 am - 4:00 pm Thursday & Friday 8:30 am - 6:00 pm Saturday 8:30 am - 1:00 pm
Cambridge
251 Hampshire St, Cambridge, MA, 02139
Monday 8:30 am - 5:00 pm Tuesday & Wednesday 8:30 am - 4:00 pm Thursday & Friday 8:30 am - 6:00 pm Saturday 8:30 am - 1:00
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<a href="https://bankscorer.com/credit-union/naveo" target="_blank" rel="noopener">View NAVEO on Bank Scorer</a>Data sourced from NCUA 5300 Call Report and branch data. Updated quarterly.
Loan-to-share ratio: 72.1%· healthy range 60–80%