Somerset Federal Credit Union (NCUA charter #24239) is based in Somerset, Massachusetts. Its Q2 2026 call report shows $263.3M in total assets and $232.8M in member shares and deposits and 1 office.
Based on its Q2 2026 filing, Somerset Federal Credit Union scores 78/100, which we describe as strong. That is higher than 74% of 1,341 credit unions with $100 million – $1 billion. Among 121 credit unions headquartered in Massachusetts, it ranks 40th. Its strongest component is problem-loan coverage (98/100; 1.0%), and its lowest is earnings (48/100; 0.69%).
TellerScore · Q2 2026
Scorecard
The TellerScore is our own summary of the figures this institution reports publicly; it is not issued or endorsed by any government agency. It is not a prediction, and deposits within insurance limits are protected either way.
9 quarters
Health trend
The score has been essentially flat from Q2 2025 to Q2 2026 (77 → 78).
Show as table
| Quarter | TellerScore |
|---|---|
| Q2 2024 | 77 |
| Q3 2024 | 75 |
| Q4 2024 | 76 |
| Q1 2025 | 77 |
| Q2 2025 | 77 |
| Q3 2025 | 79 |
| Q4 2025 | 77 |
| Q1 2026 | 79 |
| Q2 2026 | 78 |
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| Quarter | Net worth ratio |
|---|---|
| Q2 2024 | 12.89% |
| Q3 2024 | 12.32% |
| Q4 2024 | 12.84% |
| Q1 2025 | 12.66% |
| Q2 2025 | 12.75% |
| Q3 2025 | 12.66% |
| Q4 2025 | 12.37% |
| Q1 2026 | 12.40% |
| Q2 2026 | 12.51% |
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| Quarter | Delinquent loans (60+ days) |
|---|---|
| Q2 2024 | 0.38% |
| Q3 2024 | 0.39% |
| Q4 2024 | 0.46% |
| Q1 2025 | 0.17% |
| Q2 2025 | 0.21% |
| Q3 2025 | 0.09% |
| Q4 2025 | 0.17% |
| Q1 2026 | 0.07% |
| Q2 2026 | 0.19% |
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| Quarter | Return on assets |
|---|---|
| Q2 2024 | 0.68% |
| Q3 2024 | 0.62% |
| Q4 2024 | 0.56% |
| Q1 2025 | 0.43% |
| Q2 2025 | 0.48% |
| Q3 2025 | 0.63% |
| Q4 2025 | 0.63% |
| Q1 2026 | 0.66% |
| Q2 2026 | 0.69% |
| Quarter | Score | Assets | Capital | Problem loans | ROA | Loans/deposits |
|---|---|---|---|---|---|---|
| Q2 2026 | 78 | $263.3M | 12.51% | 0.19% | 0.69% | 74.8% |
| Q1 2026 | 79 | $261.9M | 12.40% | 0.07% | 0.66% | 73.7% |
| Q4 2025 | 77 | $259.0M | 12.37% | 0.17% | 0.63% | 75.9% |
| Q3 2025 | 79 | $249.6M | 12.66% | 0.09% | 0.63% | 77.0% |
| Q2 2025 | 77 | $243.1M | 12.75% | 0.21% | 0.48% | 74.3% |
| Q1 2025 | 77 | $242.3M | 12.66% | 0.17% | 0.43% | 72.2% |
| Q4 2024 | 76 | $236.8M | 12.84% | 0.46% | 0.56% | 72.2% |
| Q3 2024 | 75 | $236.0M | 12.32% | 0.39% | 0.62% | 73.6% |
| Q2 2024 | 77 | $231.8M | 12.89% | 0.38% | 0.68% | 73.2% |
1,341 peers · $100 million – $1 billion
How it compares with peers
Percentile against credit unions of similar size nationwide (100th = best among peers; for ratios where lower is better, the scale is flipped).
Similar-size credit unions in Massachusetts
| Institution | Score | Assets | Capital | Problem loans | Compare |
|---|---|---|---|---|---|
| Tremont Credit UnionCredit union Boston, MA | 55 out of 100, Moderate | $256.5M | 10.6% | 1.43% | vs |
| Shrewsbury Federal Credit UnionCredit union Shrewsbury, MA | 69 out of 100, Moderate | $249.4M | 8.7% | 0.35% | vs |
| Alltrust Credit UnionCredit union Fairhaven, MA | 25 out of 100, Low | $280.2M | 8.5% | 3.57% | vs |
| Luso Federal Credit UnionCredit union Ludlow, MA | 61 out of 100, Moderate | $244.6M | 11.1% | 1.10% | vs |
| Southbridge Credit UnionCredit union Southbridge, MA | 68 out of 100, Moderate | $242.4M | 10.6% | 0.23% | vs |
| Greater Springfield Credit UnionCredit union Springfield, MA | 94 out of 100, Very strong | $230.3M | 19.7% | 0.45% | vs |
Deposit insurance
Is my money safe at Somerset Federal Credit Union?
Yes. Somerset Federal Credit Union is a federally insured credit union (NCUA charter #24239). Deposits are insured by the National Credit Union Share Insurance Fund up to $250,000 per member, per insured credit union, for each account ownership category.
An estimated 8.1% of shares and deposits ($18.9M) are above the $250,000 NCUA insurance limit, above the peer median of 6%. Insured balances are protected regardless of the score.
The net worth ratio is 12.51%, well above the 7% level regulators use as the "well capitalized" benchmark for this measure.
1 location
Branches
Somerset Federal Credit Union lists 1 office in 1 city. Most locations:
- Somerset, MA (1)
HMDA 2025
Mortgage lending
In 2025, Somerset Federal Credit Union reported 287 home-loan applications under HMDA (LEI 549300VWMFYNEEG33W94): 227 originated ($37,585,000 total), 35 denied, and 25 withdrawn or closed by the applicant. Its denial rate on decided applications was 13.4%, compared with 22.2% for all lenders nationwide.
Denial rates depend heavily on loan type and applicant mix and are not a measure of fairness or of your own odds.
Identity & history
Profile
- Legal name
- Somerset Federal Credit Union
- Type
- Federal credit union
- NCUA charter #
- 24239
- RSSD ID
- 594796
- Primary regulator
- NCUA
- Established
- 1936
- Headquarters
- 740 County Street, Somerset, MA 02726
- Employees
- 39
Quick answers
Somerset Federal Credit Union: common questions
Is Somerset Federal Credit Union NCUA insured?
Yes. Somerset Federal Credit Union is a federally insured credit union (NCUA charter #24239). Deposits are insured by the National Credit Union Share Insurance Fund up to $250,000 per member, per insured credit union, for each account ownership category.
What is Somerset Federal Credit Union's TellerScore?
78 out of 100 (Strong), based on its Q2 2026 publicly reported figures. The TellerScore is our own summary and is not issued by any government agency.
How many branches does Somerset Federal Credit Union have?
1 office as of the latest NCUA data.
Nearby
Highest-scoring banks and credit unions with branches near Somerset
| Institution | Score | Assets | Capital | Problem loans | Compare |
|---|---|---|---|---|---|
| Natco Employees Federal Credit UnionCredit union West Warwick, RI | 93 out of 100, Very strong | $208K | 17.4% | 0.00% | vs |
| Attleboro M E Federal Credit UnionCredit union Attleboro, MA | 90 out of 100, Very strong | $24.6M | 13.7% | 0.13% | vs |
| First Citizens' Federal Credit UnionCredit union Fairhaven, MA | 83 out of 100, Strong | $705.9M | 20.2% | 0.77% | vs |
| Cumberland Municipal Employees Federal Credit UnionCredit union Cumberland, RI | 78 out of 100, Strong | $9.2M | 19.3% | 0.95% | vs |
| Mechanics Cooperative BankBank Taunton, MA | 77 out of 100, Strong | $898.8M | 12.4% | 0.03% | vs |
| Sharon & Crescent United Credit UnionCredit union Sharon, MA | 76 out of 100, Strong | $1.4B | 12.8% | 0.43% | vs |