The credit union is the best place to finance your next car. We
offer low rates, fast service, and competitive rates on GAP*
*What is GAP
GAP insurance provides valuable protection during the early
years of your car's life if you have a loan or a lease. If a
loss occurs, GAP insurance will pay the difference between the
actual cash value of the vehicle and the current outstanding
balance on your loan or lease. Gap Insurance protects your
vehicle lease or loan. Sometimes it will also pay your regular
Home Equity Loans
Establish a line of credit so you can borrow as you need it, or
take a traditional second mortgage for the security of regular
monthly payments. Rates are low and finance charges are usually
Personal Line of Credit
For the convenience of having access to credit ASAP. Strict
lending terms apply.
We offer several personal loans to assist you with your needs.
Making a big purchase? Have a large bill due that you'd prefer
to pay monthly? A traditional installment loan is right for you.
We have Debt Consolidation Loans for members who need help
getting out of the credit card trap. Holiday and vacation loans
are also available at special rates throughout the year.
We would like you to consider taking out a very affordable
Vacation Loan Special with us. This special rate offer is
subject to be withdrawn at any time (it was previously set at
8.99% APR) so make your plans to travel soon and pay only 3.99%
APR (that's only 3.49% APR with automatic loan repayment) up to
a $3,000 maximum loan amount.
We are giving you
up to 9 full months to pay off this vacation loan...
what's stopping you?
Call or drop by the
credit union to apply for a loan today.
partnership with Mass Save, the Heat Loan provides a path toward
an energy efficient home. To get started,
contact Mass Save
to schedule a Home Energy Assessment. After scheduling an
appointment, an energy efficiency expert will assess your home’s
current energy and provide a custom list of recommended ways to
make energy saving changes in your home. During the visit, you
will also receive a Heat Loan Intake Form, Program Steps, and
the Minimum Standards and Requirements.
After the Home Energy Assessment is complete, the next step is
to contact Somerville Municipal Federal Credit Union for
pre-approval. From here you can decide what changes to implement
and develop your own custom energy plan.
that qualify for the Mass Save Heat loan include:
● Attic, Wall, and Basement Insulation
● High Efficiency Heating Systems
● High Efficiency Domestic Hot Water Systems
● Solar Hot Water Systems
● Energy Star® Windows
● Energy Star® Thermostats
Federal Credit Union offers Overdraft Protection Loans to assist
members in avoiding the excess cost and inconvenience associated
with an unintended overdraft. You may also use your loan to pay
for occasional unanticipated expenses we all experience from
time to time. Should you overdraw by check, ATM or other
electronic service, your transaction will be covered up to the
limit assigned to your account after available shares have been
depleted. Not only can you avoid our overdraft fee*, you’ll have
a measure of protection against late fees and bounced check fees
charged by your creditors.
Does this sound like
a product that could work for you?
THIS FORM and return it to
236 Holland Street, Somerville, MA 02144
Give us a call at 617-625-0898 x212 if you need further
standard transfer fee of $5.00 will apply.