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iAdvertiser Disclosure
Advertiser Disclosure
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 Somerset Federal Credit Union Rates & Review April 2026
Content reviewed by
Brian McKay
Brian McKayFounder & Data ArchitectExpertise
Brian is the Founder of MonitorBankRates.com. For over 18 years, he has utilized his background in enterprise infrastructure to engineer proprietary systems that track rates from over 8,000 financial institutions.
Read Full Bio →
Editorial Disclosure
The rates displayed are actual, verified rates sourced directly from the official websites of banks and credit unions. Our editorial content is independent of any advertiser relationships.
✓Fact Checked
Rates Last Updated: April 18, 2026
Somerset Federal Credit Union's 7-Month IRA Term CD Special rates are at 3.75%, 7-Month Term CD rates are at 3.75%, 7 month Roth IRA Term CD rates are at 3.75%, 7 month Term CDs rates are at 3.75%, 7 month Traditional IRA Term CD rates are at 3.75%. Somerset Federal Credit Union's savings rates are at 0.10%. Somerset Federal Credit Union's money market rates are at 0.15%. Somerset Federal Credit Union's Mortgage rates are at 5.50%, Mortgage rates are at 5.75%, Mortgage rates are at 5.75%, Mortgage rates are at 6.00%, Mortgage rates are at 5.88%. Somerset Federal Credit Union's Personal Loan Rates are at 9.00%. MonitorBankRates evaluates the financial stability of Somerset Federal Credit Union with a 5.0 Star Rating, an A+ Overall Health Grade, and a Texas Ratio of 0.49%. Rates were last updated on 04/18/2026. Somerset Federal Credit Union money market rates, and other rates, are continually updated to reflect market conditions. We recommend checking back frequently to get the best money market rates and other rates available. Have you opened an account or have any experiences at Somerset Federal Credit Union? Share your experience about Somerset Federal Credit Union by leaving a review below, or read customer reviews before you decide to use Somerset Federal Credit Union. Somerset Federal Credit Union
Somerset Federal Credit Union 740 County St
https://www.somersetfcu.com Somerset, MA 02726 
Somerset Federal Credit Union CD Rates
Somerset Federal Credit Union Savings Rates
Somerset Federal Credit Union Money Market Rates
Somerset Federal Credit Union Checking Rates
Somerset Federal Credit Union Mortgage Rates
Somerset Federal Credit Union Home Equity & HELOC
Somerset Federal Credit Union Auto Loan Rates
Methodology & Data SourcesMonitorBankRates Star Rating
Our rating for Somerset Federal Credit Union is derived from comprehensive financial data published quarterly by the NCUA. Our proprietary rating system evaluates financial stability (including the Texas Ratio and capitalization) and combines it with member feedback (user reviews) to help you make informed banking decisions.
Texas Ratio
We calculate the Texas Ratio using standard industry methodology. This ratio compares the credit union's non-performing assets to its tangible common equity and loan loss reserves to assess financial health.
Rate Data Aggregation
We gather Somerset Federal Credit Union rates using proprietary online rate aggregation technology. Our systems scan constantly to provide the most recent rates available to our visitors.
Disclaimer: Interest rates are variable and subject to change without notice. While we strive for accuracy, rates can change rapidly based on market conditions.
It is always advisable to check with Somerset Federal Credit Union's official website for the most current offers and terms.
Credit Union Profile & Overview
Credit Union Name
Somerset Federal Credit Union
Website
https://www.somersetfcu.com
Address
740 County St,
Somerset, MA 02726
Phone
508-678-2851
Fax
508-646-9903
President
Brian Murphy
CEO
Joseph Lajoie
Full-Time Employees
34
Part-Time Employees
4
Branch Locations
2
ATM Locations
2
NCUA Insured
✓ Yes — Up to $250,000 per depositor
FinancialsMonitorBankRates Star Rating
5.0 / 5.0 ★
Overall Health & Safety Grade
A+ (100/100)
Texas Ratio
0.49%
Return on Assets (ROA)
0.4740%
Return on Equity (ROE)
3.7443%
Non-Performing Loans Ratio (NPL)
0.09%
Total Assets
249,609,653
Total Amount of Shares and Deposits
215,393,829
Total Shares and Deposits < 1 Year
214,864,550
Total Shares and Deposits 1 3 Years
345,597
Total Shares and Deposits > 3 Years
183,681
Total Uninsured Member Shares and Deposits > $250K (A+A1+B+C+D+E)
15,022,137
Total Uninsured Shares and Deposits > $250K (F+J)
15,022,137
Total Insured Shares and Deposits > $250K (item 17 less item K)
200,371,692
Total Interest Expense (Sum of items 6 8)
2,008,812
Share Certificates
1,052
Number of Accounts for Share Drafts
6,563
IRA KEOGH Accounts
45
Number of Accounts for Regular Shares
9,351
All other shares
723
Money Market Shares
1,021
Net Income (unless the amount is already included in Undivided Earnings)
1,183,134
Total Cash on Deposit (Amounts Deposited in Financial Institutions)
6,774,194
Total Liabilities
221,454,568
Source: NCUA — Last Updated 09/30/2025
Frequently Asked Questions About Somerset Federal Credit UnionIs Somerset Federal Credit Union a safe place to deposit money?Yes, Somerset Federal Credit Union is considered a safe financial institution. With a Texas Ratio of 0.48896246426727%, the institution's financial health is rated as excellent. Your accounts are federally insured by the NCUA (National Credit Union Administration) up to $250,000 per depositor, for each account ownership category. How many branches does Somerset Federal Credit Union operate?Somerset Federal Credit Union currently maintains approximately multiple branch location(s). Physical branches allow members to access in-person services such as notary consultations and safe deposit boxes. Is a member application needed to join Somerset Federal Credit Union?Yes, to access services at Somerset Federal Credit Union, a member application is required. As a credit union, membership is based on specific eligibility criteria such as where you live, work, or your organizational affiliations. Is there a first-time homebuyer program?Currently, Somerset Federal Credit Union does not list a specific first-time homebuyer program, but they provide a range of mortgage and home equity products to assist members with property financing. Are credit management and repair services offered?While formal credit repair services are not currently listed, Somerset Federal Credit Union provides members with tools to manage their accounts and build a solid financial history. Does Somerset Federal Credit Union offer online and mobile banking?Most modern institutions like Somerset Federal Credit Union provide digital access. This includes the ability to check balances, transfer funds, deposit checks via mobile app, and view statements online. You can usually find these services at their official website: https://www.somersetfcu.com. Current Somerset Federal Credit Union Rates
Retrieved from our database of financial products. Rates subject to change.
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