Credit union · NCUA insured
Somerville School Employees Federal Credit Union
A $23.1M credit union headquartered in Somerville, MA, with 1,381 members and 1 branch in Massachusetts. Best rates: savings 0.06% APY.
Somerville School Employees Federal Credit Union Carrot Score
61
Carrot Score
Higher than 3% of U.S. banks and credit unions
#132 of 141 in Boston, MA-NH metroHow the score works →
Deposits are federally insured by the NCUA up to $250,000 per depositor.
About Somerville School Employees Federal Credit Union
Somerville School Employees Federal Credit Union is based in Somerville, Massachusetts.
- Headquarters
- 100 Highland Ave, Somerville, MA 02143
- NCUA charter
- 3475
Membership
Who can join
This may be incomplete or out of date, so check with the credit union before you apply.
Military, government and schools
- Employees of the city of Somerville, Massachusetts who are paid from the payroll of the city of Somerville, Massachusetts and work for the Somerville School Department are eligible for membership.
Family and household
- Immediate family members of eligible Somerville School Department employees residing in the same household are eligible for membership.
Branches
1 branch in Massachusetts
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Massachusetts
1 branch
- Main officeMain office100 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 | 17.21% | 14.31% | 19.38% or more |
| Troubled loans60+ days late | 0.18% | 0.70% | 0.18% or less |
| ProfitabilityReturn on assets | 0.34% | 0.65% | 1.19% or more |
| LendingLoans per $100 deposited | $43 | $59 | — |
- CapitalNet worth ratio17.21%Peers’ middle 14.31% · Top 25% 19.38%+
- Troubled loans60+ days late0.18%Peers’ middle 0.70% · Top 25% ≤0.18%
- ProfitabilityReturn on assets0.34%Peers’ middle 0.65% · Top 25% 1.19%+
- LendingLoans per $100 deposited$43Peers’ 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 Somerville School Employees Federal Credit Union are confidential. These figures are what it reports to the NCUA each quarter, set beside its peers; they aren’t a rating.