Welcome to Somerset Federal Credit Union, a trusted financial institution established in 1936 and headquartered in Somerset, MA. Our mission is to empower our members and the community by providing exceptional financial services tailored to meet your unique needs. Under the leadership of CEO Joseph Lajoie and Board President Michael Rezendes, we strive to create a member-first environment that prioritizes trust, accessibility, and community service. As an NCUA-insured credit union since November 12, 1975, your deposits are safe with us, ensuring peace of mind as you navigate your financial journey.

At Somerset FCU, we embrace modern banking tools designed for your convenience. Enjoy seamless online banking capabilities, manage your finances with our mobile application, and take advantage of person-to-person transfers for quick payments. With features like e-statements, mobile payments, and electronic signature authorization, we make banking accessible anytime and anywhere. Explore all that we have to offer by visiting our website at https://www.somersetfcu.com/ or contacting us via fax at 5086469903. Join us today as we continue our commitment to serving you and the community with excellence.

At Somerset Federal Credit Union, we understand that financial needs vary from person to person, and that's why we offer a comprehensive suite of services designed to empower our members. From personal banking options such as checking and savings accounts to specialized loans like auto financing and mortgages, we have solutions tailored for every stage of life. Our commitment to providing exceptional service extends into the digital realm as well. With our robust online banking platform and mobile app, you can manage your finances anytime, anywhere. Enjoy convenient features like person-to-person transfers, mobile payments, e-statements, and electronic signatures that simplify your banking experience.

Whether you're planning for a major life milestone or looking to grow your small business, Somerset Federal Credit Union is here to support you every step of the way. Our business banking services include merchant services and business loans that help entrepreneurs thrive in today's competitive market. If you're considering a loan or want to compare rates, tools like https://www.lendmesh.com/loans/vehicle_loans make it easy to find the best options available. Plus, becoming a member is accessible through our straightforward eligibility process at https://www.somersetfcu.com/become-a-member/ . For any inquiries or personalized assistance, feel free to reach out via fax at (508) 646-9903. At Somerset Federal Credit Union, we're dedicated to helping you achieve your financial goals with ease and confidence.

Somerset Federal Credit Union stands as a beacon of trust and reliability in the financial landscape, serving a robust community of members with dedication since 1936. With a total membership of 11,439, we are committed to fostering a sense of belonging and financial well-being among our clients. Our impressive total assets amount to 236,043,358, reflecting our solid foundation and commitment to responsible management.

The credit union prides itself on maintaining a net worth of 29,083,852, which underscores our financial stability and resilience in an ever-changing market. Despite challenges, we have effectively managed our resources, achieving a net income of 0 while ensuring that our members’ interests remain paramount. Our total deposits, reaching 6,471,227, highlight the confidence that our members place in us, knowing their funds are secure and accessible.

With a focus on growth and service excellence, Somerset Federal Credit Union has issued a diverse portfolio of loans and leases totaling 2,695. This includes an auto loan volume of 1,244, which demonstrates our commitment to helping members achieve their vehicle financing needs. Additionally, we support local businesses with commercial loans; currently, we offer 6 commercial loans, enabling entrepreneurs to thrive in their ventures.

Our dedicated team of 35 employees works tirelessly to provide personalized service that caters to the unique needs of each member. Our strong net worth ratio of 1,232 further illustrates our prudent fiscal practices, ensuring that we can continue to deliver exceptional value and support for years to come. We also take pride in offering credit card services with a current volume of , providing our members with flexible financing options.

At Somerset Federal Credit Union, transparency and community impact are at the core of what we do. Performance insights and financial data are sourced from the National Credit Union Administration (NCUA) at: https://www.ncua.gov . We invite you to explore how we can assist you in your financial journey by comparing real-time loan offers today at https://www.lendmesh.com/loans/vehicle_loans and find the best rates for your needs.