Somerville's Credit Union

Somerville's Credit Union 'Somerville's Credit Union', welcomes all! Please consider joining our financial cooperative today. We are an Equal Housing Lender with the NCUA

Established on May 28, 1941, Somerville Municipal Federal Credit Union was started by people who were committed to helping their fellow City of Somerville employees save for retirement in an age when pensions were non-existent. In the 1960’s, membership was extended to employees of the Somerville Housing Authority, the Somerville Redevelopment Authority, Somerville Cambridge Elder Services, and Ma

ssachusetts Welfare employees working in Somerville. The field was expanded to include family members of the above employee groups during the 1970’s and 1980's. Members of the Disabled American Veterans (DAV) Chapter No. 27 and Somerville Garden Club were included to join our growing credit union membership in 2014. The common bond of our employer groups is service to citizens of the Somerville community. With family members included, we are now close to 3,000 members strong, and continue to seek new members.

College planning season is here!Whether you’re preparing for your first semester or helping a student get ready for fall...
06/02/2026

College planning season is here!

Whether you’re preparing for your first semester or helping a student get ready for fall, understanding your financing options early can help reduce stress later.

SMFCU partners with LendKey to offer private student loan options designed to help students and families plan with confidence.

Learn more about student loan options here 🔗 https://sommfcu.com/borrow/student-loans/

When was the last time you checked in on your finances?A quick monthly review can help you:• Catch unnecessary spending•...
05/28/2026

When was the last time you checked in on your finances?

A quick monthly review can help you:
• Catch unnecessary spending
• Stay on track with savings goals
• Adjust your budget before small issues become bigger ones

Even setting aside 10–15 minutes can make a real difference over time.

🔗 If you’re not sure where to start, this recent guide offers simple, practical budgeting tips you can apply right away: https://www.nerdwallet.com/article/finance/how-to-budget

🔗 And if you’d rather talk it through, we’re always here to help: https://www.sommfcu.com/contact-us/

This Memorial Day, we pause to remember and honor those who made the ultimate sacrifice for our country. We are grateful...
05/25/2026

This Memorial Day, we pause to remember and honor those who made the ultimate sacrifice for our country. We are grateful for their service, courage, and dedication.

Wishing everyone a safe and meaningful Memorial Day.

In observance of Memorial Day, SMFCU will be closed on Monday, May 25.We honor and remember those who have served and sa...
05/22/2026

In observance of Memorial Day, SMFCU will be closed on Monday, May 25.

We honor and remember those who have served and sacrificed for our country. Wishing you a safe and reflective holiday weekend 🇺🇸

Thinking about getting a new (or new-to-you) car?SMFCU offers flexible auto loan options designed to fit your life:✔️ Lo...
05/21/2026

Thinking about getting a new (or new-to-you) car?

SMFCU offers flexible auto loan options designed to fit your life:
✔️ Low or no down payment options
✔️ Competitive rates
✔️ Terms up to 72 months (used) & 84 months (new)

Whether you're upgrading or just getting started, we’re here to help you move forward with confidence.

Get started today: https://www.sommfcu.com/contact-us/

Reminder! Apply for a $2,000 scholarship by May 31.Somerville's Credit Union members are eligible to apply for the LendK...
05/20/2026

Reminder! Apply for a $2,000 scholarship by May 31.

Somerville's Credit Union members are eligible to apply for the LendKey & Member Student Lending annual scholarship program. Ten undergraduate students will each receive $2,000 to help fund their education at an accredited four-year college or university.

If you or someone in your family is attending college this fall, apply now: lendkey.com/scholarship

Looking for a safe way to grow your savings?Right now, SMFCU offers special certificate rates, including:✨ 8 months at 3...
05/18/2026

Looking for a safe way to grow your savings?

Right now, SMFCU offers special certificate rates, including:
✨ 8 months at 3.82% APY

It’s a great option if you want:
• Predictable returns
• Low risk
• A smarter way to save

Your money should be working just as hard as you do. Check out our options today: https://sommfcu.com/deposit-rates/

Feeling overwhelmed by multiple payments?You’re not alone and you don’t have to figure it out on your own.We’ll help you...
05/14/2026

Feeling overwhelmed by multiple payments?

You’re not alone and you don’t have to figure it out on your own.

We’ll help you explore ways to get out of debt faster, including options like debt consolidation, which allows you to roll multiple balances into one simple, fixed-rate loan.

✔️ One monthly payment
✔️ Potentially lower interest
✔️ A clearer path forward

SMFCU provides options for you, reach out today to see which one is right for you:
https://sommfcu.com/borrow/personal-loans/personal-loan/debt-consolidation/

Managing your money should be simple and convenient.With tools like online and mobile banking, you can:✔️ Check balances...
05/11/2026

Managing your money should be simple and convenient.

With tools like online and mobile banking, you can:
✔️ Check balances anytime
✔️ Transfer funds with ease
✔️ Stay on top of your finances, wherever you are

Banking doesn’t have to happen inside a branch anymore.

Want help getting started or exploring your options? We’re here for you: https://www.sommfcu.com/contact-us/

Last month, we talked a little about credit, let’s keep it going and break it down a bit more. Most people know their cr...
05/07/2026

Last month, we talked a little about credit, let’s keep it going and break it down a bit more. Most people know their credit score matters… but how it’s calculated is where the real power is. Credit scores are built from a few key behaviors:

• Payment history (Do you pay on time?)
• Credit utilization (How much of your limit are you using?)
• Length of credit history
• Types of credit accounts
• New credit inquiries

One tip that often gets overlooked is keeping your credit card balance below 30% of your limit can make a noticeable difference over time. Small adjustments like this can quietly improve your score, and open doors to better rates and opportunities down the road.

Want to better understand how it all works? Take a look here:
https://sommfcu.com/2026/01/12/what-is-a-credit-score-and-why-does-it-matter/

Address

236 Holland Street
Somerville, MA
02144

Opening Hours

Monday 9am - 4:30pm
Tuesday 9am - 4:30pm
Wednesday 9am - 4:30pm
Thursday 9am - 4:30pm
Friday 9am - 4:30pm

Telephone

+16176250898

Website

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