Somerville's Credit Union

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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 Massachusetts 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.

Some of the scariest estate planning stories have nothing to do with Halloween.No will. Outdated documents. Family membe...
10/15/2026

Some of the scariest estate planning stories have nothing to do with Halloween.

No will. Outdated documents. Family members unsure of someone’s wishes. Important assets that become difficult to access.

Today, Gentreo is hosting “Estate Planning Horror Stories Live,” where real-life examples will show what can happen when planning gets pushed aside — and how many of those situations could have been avoided.

📅 October 15
🕛 12:00 PM

Register here:
https://us06web.zoom.us/webinar/register/WN_gkLIAB8uQ_e3WIK6duXlNw

Learn more about estate planning resources available to SMFCU members:
https://sommfcu.com/protect/estate-planning/

🍂 Holiday Weekend Reminder 🍂Somerville’s Credit Union will be closed Monday, October 12th in observance of Columbus Day ...
10/09/2026

🍂 Holiday Weekend Reminder 🍂

Somerville’s Credit Union will be closed Monday, October 12th in observance of Columbus Day and Indigenous Peoples’ Day.

If you need to take care of any in-person banking, be sure to plan ahead before the long weekend. Online and mobile banking remain available for convenient account access.

Wishing everyone a safe and enjoyable weekend!

Debt consolidation gets talked about a lot, but what does it actually mean?In simple terms, it can allow you to combine ...
10/06/2026

Debt consolidation gets talked about a lot, but what does it actually mean?

In simple terms, it can allow you to combine multiple debts into one loan and one monthly payment. Depending on your situation, that may make your debt easier to manage and could help you move away from higher-interest balances.

But it is not the right fit for everyone — which is why understanding how it works matters.

SMFCU’s newest article breaks it down:
https://sommfcu.com/2026/09/19/what-is-debt-consolidation-how-it-works-and-when-it-makes-sense/

And if you have questions, their team is here to help you talk through your options.

Sometimes life does not wait for the “perfect time.”A personal loan can help cover things like unexpected bills, moving ...
10/02/2026

Sometimes life does not wait for the “perfect time.”

A personal loan can help cover things like unexpected bills, moving expenses, a larger purchase, or even help you reach a goal without putting everything on a credit card.

SMFCU offers personal loans with competitive fixed rates and flexible terms, and their team is available to help you understand what may fit your situation.

Explore your options here 🔗 https://sommfcu.com/borrow/personal-loans/personal-loan/

A new season is officially underway, so here’s your 5-minute fall money reset:✔️ Check where your savings stand✔️ Review...
09/29/2026

A new season is officially underway, so here’s your 5-minute fall money reset:

✔️ Check where your savings stand
✔️ Review any summer overspending
✔️ Look ahead at fall and holiday expenses
✔️ Make one extra debt payment if your budget allows
✔️ Choose ONE money goal for October

That’s it. No complicated financial overhaul required.

Sometimes getting back on track starts with simply knowing where you are.

And if you want a little help figuring out what comes next, connect with us:
https://www.sommfcu.com/contact-us/

Shopping for a new ride this fall? 🚗Before you head to the dealership, it may pay to start with your credit union.Somerv...
09/24/2026

Shopping for a new ride this fall? 🚗

Before you head to the dealership, it may pay to start with your credit union.

Somerville’s Credit Union currently offers auto loans as low as 5.99% APR, plus flexible financing options for new and used vehicles.

Getting pre-approved first can help you:
• Know what fits your budget
• Shop with more confidence
• Compare financing before you sign

A little preparation can make the car-buying process a whole lot easier.

Explore auto loan options here:
https://sommfcu.com/borrow/auto-loans/

APR = Annual Percentage Rate. Rates and terms are subject to change.

Estate planning can bring up a LOT of questions!How much life insurance do I need?Where should important documents be st...
09/17/2026

Estate planning can bring up a LOT of questions!

How much life insurance do I need?
Where should important documents be stored?
Does my will still reflect what I want?
What should my family know in case of an emergency?

Today’s Gentreo webinar is designed around those exact kinds of questions: “Ask Me Anything: Insurance, Estate Planning, and Disaster Prep”
📅 Today, September 17 at 12:00 PM

It’s an interactive Q&A, so bring the questions you’ve been meaning to ask.
Register here:
https://us06web.zoom.us/webinar/register/WN_mHSlBRayTVSN-r32H69spQ

The price on the windshield isn’t the only number that matters when buying a vehicle. Before you sign, think about the f...
09/15/2026

The price on the windshield isn’t the only number that matters when buying a vehicle. Before you sign, think about the full cost of ownership — your monthly payment, insurance, fuel, maintenance, registration, and other expenses all need room in the budget.

Doing a little homework before you shop can help you make a decision that still feels comfortable months after the excitement of getting the keys wears off.

SMFCU recently shared 5 financial tips to consider before buying your next car. Read the article here:
https://sommfcu.com/2026/08/09/5-financial-tips-before-you-buy-your-next-car/

Today, we pause to remember the lives lost on September 11, 2001, and honor the courage of the first responders, service...
09/11/2026

Today, we pause to remember the lives lost on September 11, 2001, and honor the courage of the first responders, service members, families, and communities forever impacted by that day.

May we continue to remember the strength, compassion, and unity shown in the days that followed.

We will never forget.

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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