Somerset Credit Union Swansea MA | Affordable Auto Loans & Business Banking

Introduction

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.

Branch History & Mission

Community Engagement

Our dedication to community goes beyond banking. Over the years, Somerset has partnered with local organizations to support various outreach programs aimed at improving lives and building a brighter future for everyone in Swansea. From financial literacy workshops to charity events, we strive to be a positive force in our neighborhood.

Join Us!

As we continue on this journey of growth and service, we invite you to become a part of our family at Somerset. Experience firsthand how we can help you achieve your financial goals while contributing to a vibrant community spirit. Feel free to visit us during our operating hours: M-W 8-4, T-F 8-6, and Saturday 8-12. If you have any questions or need assistance, don't hesitate to reach out at (508) 379-1056. Together, let's build a stronger future for ourselves and each other!

Our Mission

At the heart of Somerset is our mission: to empower members through accessible financial services while fostering a strong sense of community support. We believe that when our members thrive, so does the entire community. This belief drives us to offer an array of services, including personal banking, auto loans, mortgage options, and business banking solutions. In addition to traditional banking services, we recognize the importance of innovation and accessibility. That's why we have embraced digital advancements, allowing members to manage their accounts online or via mobile applications easily. Our commitment extends beyond just transactions; we aim to create an inclusive environment that supports all members, including those with disabilities.

Branch Location & Accessibility

Convenient Access

At Somerset Credit Union, we prioritize making banking easy for everyone. Our branch features ample parking, ensuring that you have a hassle-free experience when you arrive. For those needing assistance, we have ADA-compliant facilities and ramps available to ensure that everyone can access our services comfortably.

Operating Hours and Services

We know that your time is valuable. That's why our Swansea Branch is open Monday through Wednesday from 8 AM to 4 PM, and Thursday through Friday until 6 PM. We also welcome you on Saturday mornings from 8 AM to 12 PM! You can reach us at (508) 379-1056 for any questions or to schedule an appointment. In addition to traditional banking services such as checking and savings accounts, we offer a variety of loans including auto financing and mortgages all designed to meet your unique needs. Our drive-thru service provides a quick way to handle deposits, withdrawals, and simple transactions without leaving your vehicle. Plus, with ATM availability right here at our location, accessing your cash has never been easier!

Visit Us Today!

While members can visit us at 1723 Gar Hwy for all their banking needs, if you need to send official correspondence, please use our mailing address: 1723 Grand Army of the Republic Highway, Swansea, MA 2777. We invite you to come experience the friendly atmosphere at Somerset Credit Union's Swansea Branch. Whether you're looking for financial advice or just need some quick cash, our team is ready to help you every step of the way. Stop by today or give us a call we can't wait to welcome you!

Member Eligibility

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!

Business Banking & Commercial Services

Financing Your Growth

Our commitment to supporting businesses is evident, with investments in business growth through our commercial lending programs: - We also support the broader business community with $6 in non-member commercial loans, providing flexible financing solutions. Imagine having access to the capital you need to purchase new equipment or expand your operations. With our tailored loan options, you can turn those dreams into reality.

Merchant Services Made Easy

Running a business involves more than just managing finances; it's about providing excellent service to your customers. Our merchant services help you streamline payment processing, making transactions smoother and enhancing customer satisfaction. Imagine accepting payments effortlessly, whether in-store or online, allowing you to focus on what truly matters growing your business. Located at 1723 Gar Hwy Swansea Ma 02777 in Swansea, MA, we invite you to explore how our business banking solutions can help elevate your enterprise. Reach out to us at (508) 379-1056 or visit our website for more information!

Comprehensive List Of Services

ATM & Drive-Thru Services

For those who prefer in-person transactions, our branch offers basic drive-thru banking for quick deposits, withdrawals, and simple transactions. Additionally, enjoy the ease of using our ATMs for cash withdrawals and balance checks whenever needed. Whether you're just starting out on your financial journey or looking for advanced banking solutions, Somerset is here to help every step of the way. Feel free to reach out by calling us at (508) 379-1056, or visit us during our operating hours: Monday-Wednesday 8 AM - 4 PM, Thursday-Friday 8 AM - 6 PM, and Saturday 8 AM - 12 PM. Discover how we can assist you in achieving your financial dreams today! Visit us online at Swansea Branch or stop by our Swansea branch for personalized assistance tailored just for you!

Business Banking Support

If you're a business owner, we understand the unique challenges you face. Our business banking services, including merchant services and business loans, are designed to support your growth and success. We want to partner with you on your journey toward achieving your business goals.

Convenient Digital Banking

In today's fast-paced world, convenience is key. That's why we offer robust online and mobile banking solutions that allow you to manage your finances from anywhere at any time. With features like mobile payments, person-to-person transfers, and easy access to account information, you can stay on top of your finances effortlessly.

Lending Made Simple

Life can throw unexpected expenses your way, which is why we also provide personal loans and debt consolidation options. These loans can help you tackle any financial hurdles without added stress. Plus, with our credit cards that come with rewards, you can earn while you spend making every purchase work for you.

Personal Banking Solutions

Our personal banking services are designed to help you manage your money effectively. We offer checking and savings accounts that fit different lifestyles and goals. For those looking to purchase a car, our auto loans and vehicle financing options provide competitive rates and flexible terms. If homeownership is on your mind, consider our mortgage loans and refinancing solutions that can make buying or upgrading your home more affordable.

Digital & Online Banking

Key Features

Imagine being able to send money to friends or family without needing cash or checks. Our person-to-person transfer feature makes this possible with just a few taps on your mobile device. Plus, if you prefer using digital payments, our mobile payments feature allows you to shop securely with your smartphone. Need to sign documents quickly? With our electronic signature authorization service, you can approve important paperwork without any hassle. This means no more printing and scanning just fast and efficient transactions right from your device. For those who want to keep track of their finances digitally, e-statements are available as well. You can view your statements online anytime, helping you stay organized and informed about your spending habits.

Mobile Application

Our user-friendly mobile application enhances your banking experience further. With it, you can manage all your banking needs directly from your smartphone, whether it's checking account balances or making deposits. The convenience of having banking at your fingertips cannot be overstated! At Somerset, we prioritize not only accessibility but also security in every transaction you make. Rest assured that all our digital services are designed with the latest security measures in place to protect your personal information. Join us today and discover how our digital and online banking services can simplify your financial life!

Financial Strength

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 12.32% 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 $431,410, 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.

Loan Offering

Auto Loans

Looking to buy a new car? Our auto loans offer some of the lowest rates in the industry, with over $9,609,100 in used vehicle loans and $2,736,872 in new vehicle loans already helping members get on the road. Whether you're interested in financing a brand-new vehicle or a reliable used car, our flexible options make it easy for you to drive away with confidence.

Conclusion

At Somerset, we're committed to helping you navigate your financial journey with ease and transparency. Our loan products are designed not just to meet but exceed your expectations while ensuring you feel supported throughout the process. For more information about our offerings or to discuss refinancing options and eligibility criteria, don't hesitate to reach out to us at (508) 379-1056 or visit us at 1723 Gar Hwy Swansea Ma 02777 in Swansea, MA. Performance insights and financial data are sourced from the National Credit Union Administration (NCUA) at: https://www.ncua.gov, based on the latest results. Let us partner with you on this journey your financial future starts here!

Mortgage Loans

Thinking about homeownership? Our mortgage options, including Junior Lien 1-4 Family Residential Properties loans totaling $14,869,335, make buying or refinancing simple. We provide competitive rates and personalized assistance to ensure your home-buying experience is as smooth as possible. If you're considering refinancing your existing mortgage, we can help assess your eligibility and find the best solution for your needs.

Personal Loans and Credit Lines

For those looking for additional financial flexibility, we offer personal loans and credit lines tailored to your lifestyle. With a total of $100,015,709 available for credit lines, you can easily access funds when you need them most. Additionally, we provide unsecured credit card loans with flexible terms; however, currently, there are no unsecured credit card loans issued.

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SOMERSET FEDERAL CREDIT UNION - Swansea, MA

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