SOMERVILLE MUNICIPAL Credit Union Profile

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SOMERVILLE MUNICIPAL

Charter #4524 | NCUA Region 1 | FCU
Low-Income Designation: Yes
Report Date: 2025

Headquarters Contact & Staff

Contact & Info

Phone: (617) 625-0898

Fax: (617) 625-0364

Founding Date: N/A

Website: http://www.sommfcu.com

Personnel & Operations

President: Burgess, Stephen

Manager: Draper, Roland

FT Employees: 4

PT Employees: 1

Designations & Ratios

MDI Status: No

RBC Ratio: 0%

Membership Type: 36

Branches: 1

Hours: Monday, Wednesday, Friday 9:00am - 4:30 pm

Credit Union Profile Summary

SOMERVILLE MUNICIPAL is a FCU Credit Union. With a total of 2,274 members [1], this institution manages approximately $51,061,837 in total assets [1]. It proudly serves as a Low-Income Designated institution. Key financial indicators show a solid Net Worth Ratio of 17.27% [1] and a strong Loan-to-Share Ratio, with loan growth over the last four quarters at -4.30% [1].

Financial Snapshot

Total Assets [1]
$51,061,837

Total economic resources.

Total Loans [1]
$25,163,102

Total value of outstanding loans.

Total Deposits [1]
$42,042,288

Total funds deposited by members.

Members [1]
2,274

Number of active members.

Performance Ratios

Net Worth Ratio [1]
17.27%

This is the credit union's safety cushion; 7.0% is the regulatory minimum. A higher ratio means the credit union is stable.

Return on Assets (ROAA) [1]
1.42%

Measures profitability. Shows profit generated per dollar of assets. Near 1.0% is considered strong.

Loan-to-Share Ratio [1]
59.85%

Measures lending activity using member deposits. Below 100% is generally healthy, balancing lending and liquidity.

Four-Quarter Growth

Asset Growth (4Q) [1]
↑ 3.90%

Indicates change in total size. Positive growth means the credit union is expanding its operations.

Loan Growth (4Q) [1]
↓ -4.30%

Shows change in lending activity. Positive growth means they are actively increasing their lending business.

Member Growth (4Q) [1]
↓ -3.60%

Indicates change in member count. Positive growth is a sign of a healthy, expanding member base.

Headquarters Location & Map

Headquarters Address

236 Holland St

Somerville, MA, 02144
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Member Ratings & Reviews

Average Member Rating:

N/A / 5.0

Total Approved Reviews:

0

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Branch Locations

Found 1 branches reported by SOMERVILLE MUNICIPAL (Charter #4524).

Main Office

Main Office Main Office

Type: Corporate Office

236 Holland St

Somerville, MA 02144

Phone: (617) 625-0898

Services: Member Services, ATM

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