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.

Summer has a way of filling up the calendar fast! Vacations, weekend outings, cookouts, concerts, and last-minute plans ...
06/15/2026

Summer has a way of filling up the calendar fast! Vacations, weekend outings, cookouts, concerts, and last-minute plans included.

Before the season gets too busy, take a quick financial check-in:
• Are there any upcoming expenses you should plan ahead for?
• Have you adjusted your budget for summer activities?
• Could setting a small weekly savings goal help reduce stress later?

A little planning now can help you enjoy summer more and worry less.

Need help reviewing your financial options or goals? We’re here to help:
https://www.sommfcu.com/contact-us/

Our CEO Ron Draper's first book, "Your Path of Happiness: The Credit Union Playbook for a Successful Retirement", is ava...
06/14/2026

Our CEO Ron Draper's first book, "Your Path of Happiness: The Credit Union Playbook for a Successful Retirement", is available on Amazon today! It's a collaboration with best selling author Tom Marks. It's a timely read with relevant advice for all of us, especially those 50+.

It's already ranking as an Amazon National Bestseller! You can find it here and now:
https://us.amazon.com/Your-Path-Happiness-Successful-Retirement/dp/B0H2YHGSCK/ref=tmm_pap_swatch_0

Not a credit union person? Don't let the title throw you for a loop, since this is really a book about finding purpose and happiness in your next proverbial chapter. 5-Star reviews across the board from the top Literary Critics; read those reviews here: https://www.yourpathofhappiness.com/reviews
Buy a few copies today for your friends and family as well as anyone else needing happiness!

Being part of a credit union means more than just having a place to bank.At SMFCU, membership comes with tools and servi...
06/10/2026

Being part of a credit union means more than just having a place to bank.

At SMFCU, membership comes with tools and services designed to help make everyday finances a little easier, whether you’re managing bills, saving for a goal, or planning for something bigger down the road.

Some member favorites include:
✔️ Mobile & online banking
✔️ Helpful loan options
✔️ Budgeting and financial wellness resources
✔️ Friendly, local support when you need it

We’re proud to serve our members and community every day.

Learn more or connect with us here:
https://www.sommfcu.com/contact-us/

Scammers are getting more convincing every day, which is why it’s important to stay alert.A few reminders:• Never share ...
06/09/2026

Scammers are getting more convincing every day, which is why it’s important to stay alert.

A few reminders:
• Never share passwords or verification codes
• Be cautious of urgent messages requesting payment
• Verify phone numbers and email addresses before responding

A little caution can go a long way in protecting your finances.

Read more fraud prevention tips here:
https://sommfcu.com/2026/04/20/protect-yourself-from-fraud/

Buying your first home can feel overwhelming—but a little preparation goes a long way.Before starting your search:✔️ Rev...
06/05/2026

Buying your first home can feel overwhelming—but a little preparation goes a long way.

Before starting your search:
✔️ Review your budget
✔️ Understand your credit
✔️ Plan for upfront costs
✔️ Get pre-qualified early

Looking for more helpful tips? Check out SMFCU’s newest homebuying article:
https://sommfcu.com/2026/05/13/first-time-homebuyer-tips-and-tricks/

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/

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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