SOMERSET FEDERAL CREDIT UNION - Swansea, MA

Welcome to Somerset, your trusted financial partner since 1936. Located conveniently at 1723 Gar Hwy, Swansea, MA 02777, our branch is dedicated to providing exceptional service and support to our community. At Somerset, we understand the importance of a strong relationship with our members, and we are proud to serve over 11,439 members with a commitment to their financial success. While members can visit us at 1723 Gar Hwy, official correspondence should be sent to 1723 Grand Army of the Republic Highway, Swansea, MA 2777. As a member-focused credit union, we have grown our total assets to an impressive $236,043,358, ensuring that we have the resources necessary to help you achieve your financial goals. Our team, led by CEO Joseph Lajoie and Board President Michael Rezendes, is here to provide personalized assistance tailored to your unique needs. With a total of 35 employees, we're ready to offer a wide range of services including personal banking, auto loans, mortgage financing, and business banking solutions. At Somerset, we believe in giving back to the community while maintaining sound financial practices. Our total deposits stand at $6,471,227, reflecting the trust our members place in us. With a net worth of $29,083,852 and cash in hand totaling $1,104,020, we are well-positioned to provide secure and reliable banking options. Whether you're looking for simple checking accounts or comprehensive loan solutions our knowledgeable staff is just a phone call away at 508-379-1056. Visit our website at somersetfcu.com for more information or stop by today! We look forward to helping you take the next step in your financial journey.

At Somerset, we believe that joining our community is about more than just banking it's about becoming part of a supportive family. If you're looking to become a member, you'll find that eligibility is accessible and welcoming. Whether you're a resident of Swansea or nearby areas, or even if you work here, you're likely eligible to join us! We aim to cater to individuals who share our values of cooperation and mutual support. For the full details on who can join and any specific requirements, check out our eligibility page at https://www.somersetfcu.com/become-a-member/ . Getting started is simple! Once you know you qualify, opening an account is just a click away at https://www.somersetfcu.com/apply-for-a-loan/ . You can also give us a call at (508) 379-1056 if you have any questions or need assistance along the way. We're excited to welcome you into the Somerset family and help you achieve your financial goals!

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 understand how important it is for you to feel confident in your financial partner, which is why we are committed to maintaining robust financial health. 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. With $21,849,371 in undivided earnings, we reinvest in innovative banking tools, stronger lending options, and enhanced security measures to serve our members better. Additionally, our lending capacity supports members' financial goals across various sectors with $622 in used auto loans and $152,650,241 in total loans and leases. Our operational efficiency is reflected in our $0, enabling 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 1723 Gar Hwy Swansea Ma 02777 or call (508) 379-1056 to learn more about how we can help you achieve your financial goals. Performance insights and financial data are sourced from the National Credit Union Administration (NCUA) at: https://www.ncua.gov , based on the latest results.