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Somerville’s Credit Union was founded in 1941 by City of Somerville employees who wanted a better way to save for their retirements. What started as a small group looking out for one another has grown into a trusted financial partner for people living, learning and working in our community for generations.
We were built by and for the people of Somerville and we're proud to be your credit union. Serving you, owned by you.
Credit unions are great for people who:
Because we’re member-owned, every decision is made with members in mind—from better rates and lower fees to programs that work for our communities. You see, we don’t just work here, we live here too. Being part of the community means showing up, building relationships, and doing our part to help members feel secure today and prepared for what’s next.
As a member you're an owner, not a customer. If you have $5 or $5M, you have equal access and a say in how we're run.
Any profits go back to our members through better rates and lower fees. There are no fat cats getting rich off your cash.
Enjoy free financial education, counseling and resources to help you wherever you are on your financial journey.
You're part of a national movement of financial institutions committed to giving back to their communities.
Like Somerville itself, your credit union team is small but mighty.
To join Somerville’s Credit Union you should be either an employee of, or related to a past or present employee of:
You can also become a member if you’re:
If you’re not sure whether you qualify, we’re happy to help you figure it out.
To open an account, you’ll need:
That’s it, you’re done! We’ll auto-enroll you into digital banking where you can check balances, make transfers, pay bills and more.
We’re a credit union, not a corporation. That means no gouging, no gimmicks—just honest banking built to serve our members and strengthen our community. The words might have changed but our mission is the same today as it was more than 80 years ago: To promote the financial well-being and financial literacy of our members and their families.
