SOMERSET FEDERAL CREDIT UNION - Somerset, MA

Welcome to Somerset Federal Credit Union, your trusted financial partner located at 740 County St, Somerset, MA 02726. Established in 1936, we have proudly served our community for over 85 years, building a strong reputation based on trust and reliability. With a current membership of 11,439, we are dedicated to providing personalized banking solutions tailored to meet the needs of our members. At Somerset FCU, our commitment to you goes beyond just banking. We understand that your financial goals are unique, which is why we offer a diverse range of services including personal banking accounts, auto loans, mortgage refinancing, and even business banking options. Currently, our total assets stand at an impressive $236,043,358, with total deposits reaching $6,471,227. This solid foundation allows us to support our members effectively while maintaining a strong net worth of $29,083,852. Our friendly and knowledgeable team is led by CEO Joseph Lajoie and Board President Michael Rezendes, who are both passionate about helping our members achieve their financial aspirations. With a dedicated staff of 35 employees, we're here to ensure that your banking experience is smooth and rewarding. While you can easily visit us at the branch for all your banking needs, please note that any official correspondence should be sent to our mailing address: 740 County Street, Somerset, MA 2726. We invite you to explore the many benefits of being part of the Somerset FCU family. Whether you're looking to open an account or apply for a loan, we're here to assist you every step of the way. Feel free to give us a call at 508-678-2851 or visit our website at somersetfcu.com for more information on how we can help you succeed financially. Come be part of a community that cares!

At Somerset Federal Credit Union, we take pride in our rich history and unwavering commitment to serving our community. Founded in 1936, our branch has been a cornerstone of financial support for generations. Located at 740 County St, Somerset, MA 02726, we've grown alongside our members, evolving to meet their needs while maintaining a personal touch that reflects our core values. Over the years, we have expanded significantly. Today, we proudly serve over 11,439 members and manage total assets of $236,043,358. Our journey has been marked by milestones that reflect both resilience and dedication. From humble beginnings focused on providing basic banking services to now offering a wide range of products including auto loans, mortgages, personal loans, and business banking solutions, we have continually adapted to the changing financial landscape. Our mission is clear: to empower our members through accessible financial services while supporting the communities we serve. We believe in fostering financial wellness and creating opportunities for all individuals. This mission drives us to provide excellent service with a focus on personal relationships. While members can visit us at 740 County St, official correspondence should be sent to 740 County Street, Somerset, MA 2726 if it differs from the branch address. Our operating hours are designed with your convenience in mind: Monday through Wednesday from 9 AM to 4 PM; Thursday from 9 AM to 7 PM; Friday from 9 AM to 6 PM; and Saturday from 9 AM to 12 PM. We also offer ATM services and drive-thru banking for ease of access. As technology advances, so do we. Our digital banking options include online banking and mobile payments, ensuring you can manage your finances whenever and wherever you need. We strive to be ADA compliant and committed to making our services available to everyone in our community. Community outreach is at the heart of what we do. We partner with local organizations and participate in events that uplift Somerset and surrounding areas. Whether through educational workshops or sponsorships of local activities, we aim to make a positive impact beyond just banking. We invite you to join us at Somerset Federal Credit Union. Experience firsthand the benefits of being part of a member-focused institution that puts people before profits. Discover how we can help you achieve your financial goals today! For more information or to become a member, please call us at 508-678-2851 or visit our website at somersetfcu.com.

Welcome to the warm and welcoming community at Somerset! Becoming a member is not just about opening an account; it's about joining a family that cares for your financial well-being. To qualify for membership, you simply need to live, work, worship, or attend school in the area surrounding our branch. We love serving our local community, so if you meet these criteria, you're already one step closer to enjoying all the benefits we offer! You can explore the full eligibility details by visiting our website at https://www.somersetfcu.com/become-a-member/ . Once you've confirmed your eligibility, opening an account with us is straightforward and hassle-free. Whether you're looking for checking and savings accounts, auto loans, or other financial products, we are here to support you every step of the way. If you have any questions or want to start your application process today, feel free to call us at (508) 678-2851 or check out how to open an account at https://www.somersetfcu.com/apply-for-a-loan/ . We can't wait to welcome you into our Somerset family at 740 County St Somerset Ma 02726!

At Somerset, financial security is not just a goal it's a promise. Our members count on us for stability, and we take that responsibility seriously. We are proud to share that our financial strength is built on a solid foundation, ensuring we can meet your needs today and in the future. Performance insights and financial data are sourced from the National Credit Union Administration (NCUA) at: https://www.ncua.gov , based on the latest results. With a net worth of $29,083,852, we maintain strong financial health, allowing us to offer better rates, lower fees, and enhanced member services. Our net worth ratio of $1,232 demonstrates a solid capital foundation, ensuring that we can continue providing loans, competitive savings rates, and uninterrupted services even in uncertain economic times. Members' savings are secured through $59,325,896 in share certificates and $35,107,403 in money market shares, offering stable and rewarding financial growth opportunities. Unlike traditional banks, we prioritize our members. With non-member deposits at $245,000, we ensure that our resources are focused on benefiting you through better loan rates, lower fees, and exclusive perks. We also have $21,849,371 in undivided earnings, which allows us to reinvest in innovative banking tools, stronger lending options, and enhanced security measures to serve our members better. With $622 in used auto loans and $152,650,241 in total loans and leases, our lending capacity supports members' financial goals across various sectors. Our performance is reflected in our $0, showcasing our operational efficiency that enables us to continue offering competitive loan rates and solid financial products for our members. We also take pride in having 33 full-time employees and 2 part-time employees, ensuring our branches are always ready to serve you with a knowledgeable, committed team. Net Shares (Funds available for lending and investments): $1,287,229. Total Share Accounts: 18,559, showing a strong and growing member base that trusts us with their finances. Our financial strength means we can continue serving you with confidence. Whether you're saving, borrowing, or planning for the future, Somerset is your trusted partner. Visit us at 740 County St Somerset Ma 02726 or call (508) 678-2851 to learn more about how we can help you achieve your financial goals.