What are the current interest rates at Somerville Municipal Federal Credit Union?

Current rates for Somerville Municipal Federal Credit Union include: 12-Month CD: 3.56%, MMA: 0.15%

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Somerville Municipal Federal Credit Union

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Somerville Municipal Federal Credit Union Rates & Review August 2026

Q: Are credit management and repair services offered?

While formal credit repair services are not currently listed, Somerville Municipal Federal Credit Union provides members with tools to manage their accounts and build a solid financial history.

Content reviewed by

Brian McKay

| Editorial Disclosure | ✓Fact Checked | Rates Last Updated and Verified: August 18, 2026

Somerville Municipal Federal Credit Union's 8 month rates are at 3.82%, 13 month rates are at 3.56%. Somerville Municipal Federal Credit Union's money market rates are at 0.15%. Somerville Municipal Federal Credit Union's Personal Loan Rates are at 5.99%. MonitorBankRates evaluates the financial stability of Somerville Municipal Federal Credit Union with a 5.0 Star Rating, an A+ Overall Health Grade, and a Texas Ratio of 0.92%. Rates last updated and verified on 08/18/2026.

Somerville Municipal 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 Somerville Municipal Federal Credit Union? Share your experience about Somerville Municipal Federal Credit Union by leaving a review below, or read customer reviews before you decide to use Somerville Municipal Federal Credit Union.

Exceptional Health Use This Badge on Your Credit Union Website

Overall Health & Safety Grade

A+

Exceptional Health Score: 100/100

MonitorBankRates Rating

5.0

Exceptional Out of 5.0 Stars

Texas Ratio

0.92%

Excellent Lower than avg

Somerville Municipal Federal Credit Union
Main Office

236 Holland St
Somerville, MA 02144

https://www.sommfcu.com

Somerville Municipal Federal Credit Union CD Rates

Product	Rate	APY	Term
8 month	3.75%	3.82%	8 Months
Details SPECIAL OFFER Last Updated 08/18/2026 Institution Ratings 5.0 Star Rating A+ Health Grade ◈ Texas Ratio: 0.92%
13 month	3.50%	3.56%	13 Months
Details SPECIAL OFFER Last Updated 08/18/2026 Institution Ratings 5.0 Star Rating A+ Health Grade ◈ Texas Ratio: 0.92%

Somerville Municipal Federal Credit Union Savings Rates

Product	Rate	APY	View More
Super Saver Club	0.25%	0.25%
No additional details. Last Updated 08/18/2026 Institution Ratings 5.0 Star Rating A+ Health Grade ◈ Texas Ratio: 0.92%

Somerville Municipal Federal Credit Union Money Market Rates

Product	Rate	APY	View More
Money Market Accounts	0.15%	0.15%
Min Balance $25,000 Last Updated 08/18/2026 Institution Ratings 5.0 Star Rating A+ Health Grade ◈ Texas Ratio: 0.92%

Somerville Municipal Federal Credit Union Auto Loan Rates

Product	Rate	Points	APR	Term	View More
Auto Loans	-	-	5.99%	60 months
Details A 5.99% APR loan of $20,000 for 60 months has a monthly repayment amount of $212.47. Last Updated 08/18/2026 Institution Ratings 5.0 Star Rating A+ Health Grade ◈ Texas Ratio: 0.92%

Important: Rates, terms, and conditions are subject to change without notice. The rates displayed are for information purposes only. Please confirm all rates and terms directly with the financial institution. We strive to keep this information accurate but cannot guarantee it.
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Methodology & Data Sources

MonitorBankRates Star Rating

Our rating for Somerville Municipal 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 Somerville Municipal 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 Somerville Municipal Federal Credit Union's official website for the most current offers and terms.

Credit Union Profile & Overview

Credit Union Name Somerville Municipal Federal Credit Union

Website https://www.sommfcu.com

Address 236 Holland St, Somerville, MA 02144

Phone 617-625-0898

Fax 617-625-0364

President Stephen Burgess

CEO Roland Draper

Full-Time Employees 4

Part-Time Employees 1

Branch Locations 1

ATM Locations 1

NCUA Insured ✓ Yes — Up to $250,000 per depositor

Financials

MonitorBankRates Star Rating

5.0 / 5.0 ★

Overall Health & Safety Grade

A+ (100/100)

Texas Ratio

0.92%

Return on Assets (ROA)

1.0748%

Return on Equity (ROE)

6.1681%

Non-Performing Loans Ratio (NPL)

0.34%

Total Assets

51,739,700

Total Amount of Shares and Deposits

42,515,408

Total Shares and Deposits < 1 Year

42,250,433

Total Shares and Deposits 1 3 Years

231,902

Total Shares and Deposits > 3 Years

33,073

Total Uninsured Member Shares and Deposits > $250K (A+A1+B+C+D+E)

3,378,326

Total Uninsured Shares and Deposits > $250K (F+J)

3,378,326

Total Insured Shares and Deposits > $250K (item 17 less item K)

39,137,082

Total Interest Expense (Sum of items 6 8)

322,179

Share Certificates

225

Number of Accounts for Share Drafts

1,128

IRA KEOGH Accounts

Number of Accounts for Regular Shares

2,563

Money Market Shares

194

Net Worth Classification if credit union is not new (Based upon Call Report data only See instructions)

Well Capitalized

Net Worth Classification if credit union is a new credit union

Well Capitalized

Total Cash on Deposit (Amounts Deposited in Financial Institutions)

7,947,988

Total Liabilities

42,724,021

Source: NCUA — Last Updated 09/30/2025

2026 MBR Health & Safety Badge

Somerville Municipal Federal Credit Union earned the Exceptional Health badge

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Customer Reviews

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Frequently Asked Questions About Somerville Municipal Federal Credit Union

How many branches does Somerville Municipal Federal Credit Union operate?

Somerville Municipal 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 Somerville Municipal Federal Credit Union?

Yes, to access services at Somerville Municipal 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, Somerville Municipal 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, Somerville Municipal Federal Credit Union provides members with tools to manage their accounts and build a solid financial history.

Does Somerville Municipal Federal Credit Union offer online and mobile banking?

Most modern institutions like Somerville Municipal 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.sommfcu.com.