Credit union · NCUA insured
Health Alliance FCU
A $6.1M credit union headquartered in Somerville, MA, with 1,239 members and 1 branch in Massachusetts. Best rates: CDs 3.75% and savings 0.10% APY.
Health Alliance FCU Carrot Score
77
Carrot Score
Higher than 44% of U.S. banks and credit unions
#69 of 141 in Boston, MA-NH metroHow the score works →
Deposits are federally insured by the NCUA up to $250,000 per depositor.
About Health Alliance FCU
Founded in September 1966 as Somerville Hospital Employees Federal Credit Union, Health Alliance Federal Credit Union was established to provide cooperative savings and lending to Somerville Hospital employees.
Headquartered in Somerville, Massachusetts, the financial institution operates as a member-owned, not-for-profit credit union.
- Headquarters
- 230 Highland Ave, Somerville, MA 02143-1408
- NCUA charter
- 17679
Membership
Who can join
This may be incomplete or out of date, so check with the credit union before you apply.
Employers and groups
- Employees of Cambridge Health Alliance are eligible for membership.
- Retirees of Cambridge Health Alliance are eligible for membership.
Family and household
- Household and family members of eligible Cambridge Health Alliance employees or retirees are eligible for membership.
Other ways
- Organizations of eligible Cambridge Health Alliance persons are eligible for membership.
Cost to join
- An initial deposit of at least $5.00 is required upon application.
Branches
1 branch in Massachusetts
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Massachusetts
1 branch
- Health Alliance Federal Credit UnionMain office230 Highland Ave, Somerville, MA 02143Directions
Walk-in offices from the NCUA directory as of March 31, 2026. Directions open Google Maps. A nearby branch doesn’t mean you can join or open an account.
Financial details
Well capitalizedas reported to the NCUA
| Measure | This credit union | Peers’ middle | Strongest quarter |
|---|---|---|---|
| CapitalNet worth ratio | 16.28% | 14.31% | 19.38% or more |
| Troubled loans60+ days late | 1.51% | 0.70% | 0.18% or less |
| ProfitabilityReturn on assets | 2.37% | 0.65% | 1.19% or more |
| LendingLoans per $100 deposited | $82 | $59 | — |
- CapitalNet worth ratio16.28%Peers’ middle 14.31% · Top 25% 19.38%+
- Troubled loans60+ days late1.51%Peers’ middle 0.70% · Top 25% ≤0.18%
- ProfitabilityReturn on assets2.37%Peers’ middle 0.65% · Top 25% 1.19%+
- LendingLoans per $100 deposited$82Peers’ middle $59
Compared with the 2,478 credit unions with under $100 million in assets. The strongest quarter is what the best 25% of them reach: more capital and profit, fewer troubled loans. Lending has no better end.Troubled loans are loans 60 or more days late.
Regulators’ own ratings of Health Alliance FCU are confidential. These figures are what it reports to the NCUA each quarter, set beside its peers; they aren’t a rating.