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.

Since the Fire and School Department employees had established their own credit unions previously, the following founding individuals bonded together and generously requested a charter to include the remaining employees of the City of Somerville:
 

John J. Donahue

T. Leo Galligan

Frances M. McKenzie

William F. MacDonald

Mary C. Crowley

Thomas E. Hegarty

William E. Hogan

Adelaide F. McAuley

Albert E. Robitaille

William C. Arbuckle

Timothy J. Dwyer

Irene F. Ward


William Casey, one of the Credit Union’s first members and its first unofficial “recruiter”, was instrumental in our growth until his retirement in 1969. Mr. Casey was persistent in building membership deposits and keeping the Credit Union alive.

In the 1960’s, membership was extended to employees of the Somerville Housing Authority, the Somerville Redevelopment Authority, and Massachusetts Welfare employees working in Somerville. The field was expanded to include family members of the above employee groups during the 1970’s. Employees of Somerville Cambridge Elder Services were then included to join our growing credit union membership in 1984.

Today, 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.