Somerset, MA · Federal Credit Union · Chartered in MA
Who can join
Employer / occupational group
Members
11,688
Net Worth Ratio
12.40%
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
$261.9M
Total Shares
$231.7M
Total Loans
$170.8M
Net Income
$431K
Net Worth Ratio
12.40%
≥7% = Well Capitalized
Members
11,688
Return on Assets
0.16%
annualized · >0.5% healthy
Delinquency Rate (60d+)
0.07%
$112K
| Year | Applications | Originated | Denials | Orig. Rate | Denial Rate |
|---|---|---|---|---|---|
| 2023 | 378 | 233 | 71 | 61.6% | 18.8% |
| 2022 | 248 | 183 | 29 | 73.8% | 11.7% |
| 2021 | 210 | 166 | 24 | 79.0% | 11.4% |
No CFPB complaint data available for this credit union.
Somerset Federal Credit Union
740 County St, Somerset, MA, 02726
Monday - Wednesday 9:00 AM To 4:00 PM Thursday 9:00 AM to 7:00 PM Friday 9:00 AM to 6:00 PM Saturday 9:00 AM to 12:00 PM
Swansea Branch
1723 GAR HWY, Swansea, MA, 02777
M-W 8-4 T-F 8-6 Sat 8-12
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<a href="https://bankscorer.com/credit-union/somerset" target="_blank" rel="noopener">View SOMERSET on Bank Scorer</a>Data sourced from NCUA 5300 Call Report and branch data. Updated quarterly.
Loan-to-share ratio: 73.7%· healthy range 60–80%