Our friend mentioned how great SFCU was to work with. The staff makes you feel welcome. Working with the mortgage team was great and very helpful.
SFCU Member
About SFCU
Somerset Federal Credit Union is a not-for-profit financial cooperative that is owned by its members.
Our goal is to provide our members with the financial services they need along with the latest technology and the personal attention they deserve.
SFCU serves people who live, work, worship or attend school in Bristol County, Plymouth County & Barnstable County in Massachusetts; Bristol, Kent, Newport and Providence counties in Rhode Island; and the Rhode Island towns of Charlestown, Exeter, Hopkinton, Narragansett, New Shoreham, North Kingstown, Richmond and South Kingstown.
Yesterday
Inspired by financial cooperatives popular in 19th century Europe, credit unions caught on in America in the early 1900s. Somerset Federal Credit Union’s birth took place in 1936 at Panneton’s Drug Store. The community of farmers and working people came together and founded Somerset’s first financial institution, the “Somerset Community Credit Union.” Since banks of the day would lend only to property owners, the new Credit Union expanded access by loaning money to people based on their good character and proof of steady employment. The financial institution was later renamed “Somerset Federal Credit Union,” and was one of the first credit unions in Massachusetts to own and operate its own building at 1275 County Street.
Today
Now headquartered at 740 County Street in Somerset, Massachusetts, SFCU is proud to have more than 11,300 members, two locations and $237 million in assets. Under the leadership of a member elected Board of Directors, and dedicated Senior Management Team, SFCU continues to look towards the future by providing banking solutions for each generation we serve.
Arlene Fortin has always been an absolute pleasure to work with.
SFCU Member
In my 30+ years in Somerset, I have never seen a financial institution with such great service. Keep up the great work, you have a great deal to be proud of.
SFCU Member
I was overall pleased with my experience. Jessica, our Money Management Officer, was easy going and very professional. She understood my circumstance, had compassion and a genuine, caring, pleasant persona for my situation.
SFCU Member