Sep, 30, 2025 — SOMERVILLE MASS FIREFIGHTERS FEDERAL CREDIT UNION is a federal credit union headquartered in SOMERVILLE, MA with 1 branch location and about $7.80 million in total assets. Opened 90 years ago in 1936, SOMERVILLE MASS FIREFIGHTERS FEDERAL CREDIT UNION has about 278 members and employs 3 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | SOMERVILLE MASS FIREFIGHTERS FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 266 broadway SOMERVILLE, MA 02145 |
| Phone: | (617) 625-6935 |
| Fax: | (617) 623-7385 |
| Website: | n/a |
| Branches: | 1 branch locations |
| Members: | 278 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 943 |
|---|---|
| Membership Type: | Federal, State, Local Government |
| Corporate Credit Union: | No |
| Year Opened: | 1936 |
| Last Audited: | Dec 01, 2024 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $7,799,778 |
| CEO/Manager: | kenneth m layton |
| Chairperson: | john byrne |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 751,193 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 1,195,975 |
| Unsecured Loans | 457,438 |
| Other Loans | 1,260,812 |
| TOTAL LOANS | 2,914,224 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -25,000 |
| Land And Building | 0 |
| Other Fixed Assets | 0 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 60,319 |
| All Other Assets | 0 |
| TOTAL ASSETS | 7,799,778 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 6,601 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 0 |
| Regular shares | 6,405,893 |
| All Other Shares & Deposits | 0 |
| TOTAL SHARES & DEPOSITS | 6,405,893 |
| TOTAL LIABILITIES | 6,412,494 |
| Regular Reserve | 0 |
| Other Reserves | 129,758 |
| Undivided Earnings | 1,257,526 |
| TOTAL EQUITY | 1,387,284 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 7,799,778 |
| INCOME & EXPENSE | |
| Loan Income | 109,033 |
| Investment Income | 125,151 |
| Other Income | 0 |
| Total Employee Compensation & Benefits | 75,907 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 18,321 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
| Cost of Funds | 94,931 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 45,025 |
| ↑ Back to Top | |