SOMERVILLE MUNICIPAL FEDERAL CREDIT UNION

Welcome to Somerville Municipal, a trusted financial institution proudly serving our community since 1941. Under the leadership of CEO Roland Draper and Board President Stephen Burgess, we are dedicated to providing exceptional banking services that empower our members. Located in the heart of Somerville, MA, our mission is to enhance the financial well-being of all our members through personalized service and innovative solutions. As an NCUA-insured credit union since January 4, 1971, we ensure your deposits are safe and secure.

At Somerville Municipal, we understand that modern banking requires convenience and accessibility. That's why we offer a suite of digital tools designed to make managing your finances easier than ever. With online banking, a user-friendly mobile application, person-to-person transfers, e-statements, mobile payments, and electronic signature authorization, you can handle your banking needs from anywhere at any time. Explore more about us at https://www.sommfcu.com/ or reach out via fax at 6176250364. Join us today as we continue to serve and uplift our community with a member-first approach.

At Somerville Municipal Credit Union, we pride ourselves on offering a comprehensive suite of financial services designed to meet the diverse needs of our members. From personal banking solutions such as checking and savings accounts to specialized services like auto loans, mortgage loans, and business financing, our goal is to empower you to manage your finances effectively. We understand that life brings various milestones and challenges, whether it's purchasing your first car, buying a home, or growing your small business. That's why we also provide credit cards with rewards and personal loans for debt consolidation to help you navigate these important moments.

In today's fast-paced world, convenience is key. Our robust online banking platform allows members to manage their accounts effortlessly from anywhere. With our mobile application, you can access your finances on the go, make person-to-person transfers, and utilize mobile payment options with ease. Additionally, e-statements and electronic signatures simplify your banking experience even further. If you're considering a new loan or want to compare rates for better deals, our loan aggregator tools can guide you in making informed decisions tailored to your financial goals. For those interested in joining our community, eligibility details can be found at https://www.sommfcu.com/become-a-member/ . Should you need assistance or have any questions, feel free to reach out to us at (617) 625-0364; we're here to help you every step of the way.

At Somerville Municipal Credit Union, we pride ourselves on being a trusted financial partner for our community. With a robust Total Membership of 2,328, we have built a strong foundation of support and trust among our members. Our financial strength is evidenced by our Total Assets, which stand at 49,160,696, showcasing our commitment to sound financial management and stability. Our Net Worth of 8,392,299 reflects not only our resilience but also our dedication to serving you effectively.

With a Total Deposits figure of 6,899,533, members can rest assured that their funds are in safe hands. We have actively extended support through our Total Loans and Leases, totaling 1,409, illustrating our role in fostering financial growth and opportunity for individuals and families alike. The care we provide extends beyond numbers; it is rooted in the personal relationships we cultivate with each member.

Our team of just 5 dedicated employees ensures that we maintain high levels of service excellence, allowing us to be agile and responsive to your needs. Our impressive Net Worth Ratio of 1,707 further underscores our ability to sustain operations while providing valuable services. With a Credit Card Loan Volume of 468 and an Auto Loan Volume of 190, we offer diverse financing options tailored to meet your unique requirements.

Moreover, we are proud to facilitate economic growth within our community with a steady count of 8 Commercial Loans, demonstrating our commitment to supporting local businesses and entrepreneurs. Importantly, we maintain a strong stance against unnecessary debt, reflected by our Total Borrowings of 0 being at zero.

We invite you to explore how Somerville Municipal Credit Union can help you achieve your financial goals with confidence. Performance insights and financial data are sourced from the National Credit Union Administration (NCUA) at: https://www.ncua.gov . Compare real-time loan offers today at https://www.lendmesh.com/loans/mortgage_loans and find the best rates for your needs.