Credit union · NCUA insured
Somerville's Credit Union
A $50.8M credit union headquartered in Somerville, MA, with 2,200 members and 2 branches in Massachusetts. Best rates: CDs 4.39% and savings 0.15% APY.
Somerville's Credit Union Carrot Score
61
Carrot Score
Higher than 3% of U.S. banks and credit unions
#134 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's Credit Union
Somerville’s Credit Union was founded in 1941 by City of Somerville employees seeking a better way to save for retirement.
Headquartered in Somerville, Massachusetts, the member-owned credit union is dedicated to promoting the financial literacy and well-being of its members and their families.
- Headquarters
- 236 Holland St, Somerville, MA 02144
- NCUA charter
- 4524
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This may be incomplete or out of date, so check with the credit union before you apply.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 Elder Services, or individuals related to past or present employees of Cambridge Elder Services, are eligible to join.
- Members of the Somerville Garden Club are eligible to join.
- Employees of UNITE HERE NEJB, or individuals related to past or present employees of UNITE HERE NEJB, are eligible to join.
Military, government and schools
- Employees of The City of Somerville, as well as individuals related to past or present employees of The City of Somerville, are eligible to join.
- Employees of Somerville Housing Authority, or individuals related to past or present employees of Somerville Housing Authority, are eligible to join.
Family and household
- Immediate family members of eligible members are eligible to join.
Cost to join
- A minimum deposit of $25 in savings is required to open an account.
Branches
2 branches in Massachusetts
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Massachusetts
2 branches
- Main OfficeMain office236 Holland St, Somerville, MA 02144Directions
- CO-OP Shared Branch Network236 Holland, Somerville, MA 02144Directions
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 | 19.08% | 14.31% | 19.38% or more |
| Troubled loans60+ days late | 0.48% | 0.70% | 0.18% or less |
| ProfitabilityReturn on assets | 1.10% | 0.65% | 1.19% or more |
| LendingLoans per $100 deposited | $61 | $59 | — |
- CapitalNet worth ratio19.08%Peers’ middle 14.31% · Top 25% 19.38%+
- Troubled loans60+ days late0.48%Peers’ middle 0.70% · Top 25% ≤0.18%
- ProfitabilityReturn on assets1.10%Peers’ middle 0.65% · Top 25% 1.19%+
- LendingLoans per $100 deposited$61Peers’ 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's Credit Union are confidential. These figures are what it reports to the NCUA each quarter, set beside its peers; they aren’t a rating.