SOMERSET
Federal • Somerset, Massachusetts • Est. 1936
Quick Facts
- Charter Number
- #24239
- Type
- Federal
- Established
- 1936
- Headquarters
- Somerset, Massachusetts 02726
- Address
- 740 County St
- Branches
- 2
- ATMs
- 2
- Members
- 11,688
- Membership Type
- Other/Unknown
CUScore Financial Grade
Based on Q1 2026 NCUA Call Report data
Under CUScore's rules, this institution reports a net worth ratio of at least 10% and a delinquency rate below 1%. This simplified grade is informational, is not an official NCUA rating, and does not determine regulatory or deposit-insurance status.
Financial Overview
Total Assets
Members
11,688 total members
Total Loans
Outstanding loan portfolio
Net Worth Ratio
Financial Details
| Metric | SOMERSET |
|---|---|
| Total Assets | $261.9M |
| Members | 11,688 |
| Loans Outstanding | $170.8M |
| Shares & Deposits | $231.7M |
| Net Worth | $32.5M |
| Net Worth Ratio | 12.40% |
| Loan-to-Share Ratio | 73.7% |
| Delinquency Rate | 0.07% |
| Net Income | +$431,410 |
Source: Q1 2026 NCUA Call Report • Reporting date: 3/31/2026
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.
Find More Credit Unions in Massachusetts
Review the Q1 2026 statewide dataset, aggregate ratios, and institutions ranked by reported assets.
View Massachusetts RankingsFrequently Asked Questions
SOMERSET is listed as federally insured in the Q1 2026 NCUA dataset. NCUA share insurance generally covers qualifying accounts up to the standard maximum amount, with coverage depending on account ownership categories. Verify current status and coverage for your accounts with the NCUA or the institution.
As of the Q1 2026 NCUA Call Report, SOMERSET has 11,688 members and a potential membership field of 250,000 people.
SOMERSET's reported net worth ratio is 12.40% as of Q1 2026. The NCUA's standard net worth ratio threshold for "well capitalized" is 7%, although official status can involve additional rules.
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 (Q1 2026). CUScore is an independent directory and is not affiliated with the NCUA or SOMERSET. All financial data is for informational purposes only.