Somerville School Employees Federal Credit Union

Headquarters

P.o. Box 440053
Somerville, MA 02144
See all branch locations →

Notable Rates APY Vs.Others
Savings N.A. 0.85% →
1-Year CD N.A. 0.85% →
2-Year CD N.A. 0.80% →
5-Year CD N.A. 1.25% →
30-Year Mortgage N.A. 2.72% →
15-Year Mortgage N.A. 2.36% →
HELOC N.A. 2.79% →

2021 Overview

General Credit Union Information

Somerville School Employees is an NCUA insured institution located in Somerville, MA. It was founded in 1939 and has approximately $27.27 millions in assets.

NCUA Insured Yes / Federally Chartered
Charter Number # # 3475
Date Established 1939
Assets $27.27 million
Loans $5.12 million
Deposits $23.19 million
Capital $4.06 million
 

Field of Membership Restrictions

Membership is open to employees of the Somerville School Department who are paid by the city of Somerville, Massachusetts.

Deposit Rates - December 7, 2021

Your Current Location: Virginia, VA 20146

We do not yet have rates for Somerville School Employees

We're working to get deposit rates for every credit union in the world. Please bare with us until we are able to get rates for this credit union.

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Note to Somerville School Employees
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Advertiser Disclosure

Loan Rates - December 7, 2021

Your Current Location: Virginia, VA 20146

There are currently no loan rates available for SOMERVILLE SCHOOL EMPLOYEES

Please contact the bank for questions about their loan products. In the meantime you may wish to consider these offerings:



Featured - Virginia 30 Year Fixed Mortgage Rates 2021

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
AmeriSave Mortgage Corporation
NMLS ID: 1168
2.660% 2.625% 0.38 $1,140 $1,005 Learn More

Featured - Virginia Home Equity Line Of Credit Rates 2021

Lender APR (%)? Monthly Payment? Learn More
Bethpage Federal Credit Union
Bethpage Federal Credit Union
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Intro APR
2.990 %
After Intro: 3.750 %
Intro Period: 12 months
$25,000 Learn More
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Flagstar Bank-Heloc
Flagstar Bank-Heloc
See Table
4.990 %
$0 Learn More
More Info

Note to SOMERVILLE SCHOOL EMPLOYEES
To upload and update your bank's rates please register. It is free to register and add rates.


 

Branches

Below are Somerville School Employees branches and locations in your neighborhood. Input a different zip code to find branches and locations for any neighborhood in the United States.

Your Location:
Ashburn,Virginia


Somerville School Employees Locations



Climate Initiatives

SOMERVILLE SCHOOL EMPLOYEES is encouraged to provide us with this information. When we receive this information from the credit union, we will provide it here.

Financial Details

Somerville School Employees Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Somerville School Employees. The data is provided by the NCUA. All credit unions on BestCashCow, except those specified as not NCUA-insured in the overview section above, are NCUA-insured. Depositors should be careful to remain within NCUA insurance limits.

Texas Ratio
Somerville School Employees U.S. Average
11.29% 3.79

The Texas Ratio compares the amount of loans at risk and assets repossessed with the amount a credit union has on hand to cover any losses. The closer the Texas Ratio is to 1-to-1 or 100%, the less capital and reserves a credit union has to absorb its loan losses.

As of June 30, 2021, Somerville School Employees had $462,740 in non-current loans and $0 in owned assets. To cover these potential losses it had $4,062,693 in net worth and $35,017 in loans loss reserves. That gives it a Texas Ratio of 11.29%.

Net Worth
Somerville School Employees U.S. Average
14.89% 12.22%

Somerville School Employees FCU has a net worth of 14.89% versus the BestCashCow average of 12.22. Net worth measures how much total assets exceed total liabilities. The higher the net worth number the more secure a credit union is considered.

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