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Somerville School Employees Federal Credit Union

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Somerville School Employees Federal Credit Union Rates & Review June 2026

Q: Are credit management and repair services offered?

While formal credit repair services are not currently listed, Somerville School Employees 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: June 5, 2026

You can compare Somerville School Employees Federal Credit Union rates to other rates in our database, including 12-month share certificate rates currently at 2.00%, 6-month share certificate rates at 1.00% and 3-month share certificate rates at 0.20%. Savings rates are at 1.00% and money market rates are at 0.50%. Mortgage rates on 30-year fixed loans are around 6.03%. All these rates can be compared to Somerville School Employees Federal Credit Union rates. MonitorBankRates evaluates the financial stability of Somerville School Employees Federal Credit Union with a 5.0 Star Rating, an A+ Overall Health Grade, and a Texas Ratio of 0.27%. Rates were last updated on 06/05/2026.

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

Overall Health & Safety Grade

A+

Exceptional Health Score: 100/100

MonitorBankRates Rating

5.0

Exceptional Out of 5.0 Stars

Texas Ratio

0.27%

Excellent Lower than avg

Somerville School Employees Federal Credit Union
Main office

100 Highland Ave
Somerville, MA 02143

https://ssefcu.org

Current Rate Availability

We do not have Somerville School Employees Federal Credit Union rates right now, but we are constantly updating our database so check back often for updated rates.

Methodology & Data Sources

MonitorBankRates Star Rating

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

Credit Union Profile & Overview

Credit Union Name Somerville School Employees Federal Credit Union

Website https://ssefcu.org

Address 100 Highland Ave, Somerville, MA 02143

Phone 617-625-8411

Fax 617-623-2594

President Paula Gaffey

CEO Brenna Geanacopoulos

Full-Time Employees 3

Part-Time Employees 0

Branch Locations 1

ATM Locations 0

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

0.27%

Return on Assets (ROA)

0.0805%

Return on Equity (ROE)

0.4663%

Non-Performing Loans Ratio (NPL)

0.12%

Total Assets

22,530,598

Total Amount of Shares and Deposits

18,620,004

Total Shares and Deposits < 1 Year

16,882,941

Total Shares and Deposits 1 3 Years

1,737,063

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

18,620,004

Total Interest Expense (Sum of items 6 8)

155,977

Share Certificates

Number of Accounts for Share Drafts

306

IRA KEOGH Accounts

Number of Accounts for Regular Shares

1,434

All other shares

Non Member Deposits

Money Market Shares

121

Total Cash on Deposit (Amounts Deposited in Financial Institutions)

579,473

Total Liabilities

18,642,697

Source: NCUA — Last Updated 09/30/2025

Customer Reviews

There are no reviews for Somerville School Employees Federal Credit Union yet. Feel free to create one below.

Looking for more bank and credit union reviews? Visit our Community Reviews hub to read what other members are saying, ask questions, and join the conversation.

Average Rating

☆☆☆☆☆

Total Reviews

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Frequently Asked Questions About Somerville School Employees Federal Credit Union

How many branches does Somerville School Employees Federal Credit Union operate?

Somerville School Employees 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 School Employees Federal Credit Union?

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

Does Somerville School Employees Federal Credit Union offer online and mobile banking?

Most modern institutions like Somerville School Employees 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://ssefcu.org.