Somerset
Somerset is a credit union based in Somerset, Massachusetts, established in 1936, with $262 million in total assets serving 11,688 members. By Trust Grade it ranks 41st of 122 credit unions we track in Massachusetts. Its net worth ratio of 12.4% is stronger than 65% of similarly sized credit unions, versus a Massachusetts median of 12%. It was profitable over the most recent period, with a 0.66% return on assets. No consumer complaints against Somerset appear in the CFPB database over our analysis window — common for an institution of this size and a point in its favor.
How Somerset compares to Massachusetts peers
How we graded Somerset
The Trust Grade blends financial strength with complaint history. Full methodology →
- Strongly capitalized (12.4% capital ratio)
- Profitable (ROA 0.66%)
- No CFPB complaints on record
Consumer complaints (CFPB)
No CFPB complaints are on file for Somerset over the analysis window. For a smaller institution this is common and counts in its favor.
Are deposits at Somerset insured?
Yes. Somerset is an NCUA-insured credit union. Deposits are federally insured up to $250,000per depositor, per ownership category — regardless of this institution's Trust Grade. The grade reflects financial strength and complaint history for comparison, not the safety of insured deposits.
Somerset: frequently asked questions
Is Somerset a good credit union?
Somerset earns a Bankzia Trust Grade of A (95/100, "Excellent"), based on a financial-strength score of 95/100 (it has no CFPB complaints on record). Strongly capitalized (12.4% capital ratio); Profitable (ROA 0.66%).
Is Somerset NCUA-insured?
Yes. Somerset is a NCUA-insured credit union. Deposits are protected up to the standard NCUA limit of $250,000 per depositor, per ownership category.
How big is Somerset?
Somerset holds $262 million in total assets, ranking 41st of 122 credit unions we track in Massachusetts. It serves 11,688 members.
Does Somerset have CFPB complaints?
No CFPB complaints against Somerset appear in our data over the analysis window, which is typical for a credit union of this size.
Similar Credit Unions
Financial data from NCUA call reports; complaint data from the CFPB Consumer Complaint Database. Bankzia is an independent resource and is not affiliated with any government agency or financial institution. Figures are for general information, not financial advice.
