SOMERSET
Federal • Somerset, Massachusetts • Est. 1936
Quick Facts
- Charter Number
- #24239
- Type
- Federal
- Established
- 1936
- Headquarters
- Somerset, Massachusetts 02726
- Address
- 740 County Street
- Branches
- 2
- ATMs
- 2
- Members
- 11,649
- Membership Type
- Other/Unknown
NCUA Financial Health Score
Based on NCUA Q4 2025 Call Report data
Exceptionally well-capitalized with outstanding net worth ratio, very low delinquency, and strong earnings. One of the most financially sound credit unions in the country.
Financial Overview
Total Assets
Members
11,649 total members
Total Loans
Outstanding loan portfolio
Net Worth Ratio
Financial Details
| Metric | SOMERSET |
|---|---|
| Total Assets | $259.0M |
| Members | 11,649 |
| Loans Outstanding | $170.0M |
| Shares & Deposits | $224.1M |
| Net Worth | $32.0M |
| Net Worth Ratio | 12.37% |
| Loan-to-Share Ratio | 75.9% |
| Delinquency Rate | 0.17% |
| Net Income | +$1,613,619 |
Source: NCUA Q4 2025 Call Report • Cycle date: 12/31/2025
Branch Locations
2 locations · 2 ATMs
Somerset Federal Credit Union
Main Office740 County St
Somerset, MA 02726
Swansea Branch
1723 GAR HWY
Swansea, MA 02777
Who Can Join SOMERSET?
Membership Type: Other/Unknown
Membership eligibility for SOMERSET may vary. Contact the credit union directly to confirm qualification requirements.
Contact SOMERSET directly or visit their website for the most accurate and up-to-date membership eligibility information.
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View Massachusetts RankingsFrequently Asked Questions
Yes. SOMERSET is federally insured by the National Credit Union Administration (NCUA) up to $250,000 per depositor, per ownership category. This provides the same level of deposit protection as FDIC insurance at a bank.
As of the NCUA Q4 2025 Call Report, SOMERSET has 11,649 members and a potential membership field of 250,000 people.
SOMERSET's net worth ratio is 12.37% as of Q4 2025. The NCUA classifies a credit union as "well-capitalized" when its net worth ratio is 7% or higher. At 12.4%, SOMERSET meets this threshold.
SOMERSET operates 2 branch locations and has access to 2 ATMs. The main office is located at 740 County St, Somerset, MA 02726.
SOMERSET was established in 1936. It is a federal credit union chartered under charter number 24239. The institution has been serving members for 90 years.
Data sourced from the NCUA Quarterly Call Report (Q4 2025). CUScore is an independent directory and is not affiliated with the NCUA or SOMERSET. All financial data is for informational purposes only.