# SOMERSET
Somerset, MA · NCUA charter 24239 · asset band $200-500M · latest filing 2026-03 · live
Share link (named URL with a preview card): https://getbookiq.com/cu/somerset-24239

Who the members are: federal charter, community charter, organized 1936. 11,688 members of 250,000 potential (4.7% of the field); checking penetration 56% (share draft accounts per 100 members); loans per 100 members 23.

**Verdict on the desk:** this could be *ordinary*. Composite score 0 of 18 (one point per flag across 17 flags, capital below 7% counted twice).

## What the filing shows

| Measure | Value |
|---|---|
| Total assets | $261.9M |
| Members | 11,688 (2.8% YoY) |
| Full-time staff | 33 |
| Net worth | $32.5M |
| Net worth ratio | 12.4% (p66 of band) |
| ROA (annualized) | 0.66% (p47 of band) |
| Total delinquency | 0.07% (p4 of band) |
| Net charge-offs (annualized) | 0.00% (p2 of band) |
| Loans / shares | 74% (p49 of band) |
| Cash / assets | 6.4% |
| Borrowings / assets | 0.00% |
| Net interest margin | 2.72% (p8 of band) |
| Operating expense / assets | 2.61% (p15 of band) |
| Vehicles % of loans | 5% (p4 of band) |
| Indirect vehicle % of vehicle (all-channel basis before 2022) | 5% |
| Third-party paper % of net worth | 1% (p21 of band) |
| Vehicle delinquency | 0.64% (p56 of band) |
| Vehicle NCO | 0.00% (p4 of band) |
| Repossessed % of vehicle book | 0.00% (p25 of band) |
| Real estate % of loans | 72% |
| Credit cards % of loans | 0% |
| Unsecured % of loans | 2% |
| Commercial % of net worth | 9% |
| Core shares % of member funds | 53% |
| Certificates % of member funds | 31% |
| Average share balance | $12,348 |
| Participations bought / yr | $0 |
| Participations sold / yr | $0 |
| Participations outstanding | $2.9M |
| Loans outstanding per 100 members | 23% |
| Loans granted per 100 members, annualized | 1% |
| Average loan balance | $64,498 |
| Loans granted, annualized | $9.7M |

## Participation posture (from the same filings)

Bought $0 and sold $0 in the latest annualized quarter; $2.9M outstanding purchased (8.9% of net worth), $0 sold and retained. Sold in 0 and bought in 7 of the last 8 quarters. Shares 8.0% year over year.

## Flags firing in the latest filing

- none

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2016-03 | 1 | delinquency 2x band |  |
| 2016-06 | 0 |  | delinquency 2x band |
| 2016-09 | 1 | delinquency 2x band |  |
| 2016-12 | 1 | net worth falling | delinquency 2x band |
| 2017-03 | 1 |  |  |
| 2017-06 | 0 |  | net worth falling |
| 2017-09 | 1 | delinquency 2x band |  |
| 2017-12 | 0 |  | delinquency 2x band |
| 2018-03 | 1 | net worth falling |  |
| 2018-06 | 0 |  | net worth falling |
| 2018-09 | 1 | losing money |  |
| 2018-12 | 1 |  |  |
| 2019-03 | 1 | delinquency rising | losing money |
| 2019-06 | 2 | members leaving |  |
| 2019-09 | 1 |  | members leaving |
| 2019-12 | 0 |  | delinquency rising |
| 2020-03 | 0 |  |  |
| 2020-06 | 2 | net worth falling, delinquency 2x band |  |
| 2020-09 | 1 |  | delinquency 2x band |
| 2020-12 | 2 | margin squeeze |  |
| 2021-03 | 2 |  |  |
| 2021-06 | 3 | delinquency 2x band |  |
| 2021-09 | 4 | delinquency rising |  |
| 2021-12 | 3 |  | margin squeeze |
| 2022-03 | 1 |  | delinquency 2x band, delinquency rising |
| 2022-06 | 1 | delinquency 2x band | net worth falling |
| 2022-09 | 0 |  | delinquency 2x band |
| 2022-12 | 1 | delinquency 2x band |  |
| 2023-03 | 0 |  | delinquency 2x band |
| 2023-06 | 0 |  |  |
| 2023-09 | 1 | net worth falling |  |
| 2023-12 | 0 |  | net worth falling |
| 2024-03 | 0 |  |  |
| 2024-06 | 0 |  |  |
| 2024-09 | 1 | members leaving |  |
| 2024-12 | 2 | delinquency rising |  |
| 2025-03 | 1 |  | delinquency rising |
| 2025-06 | 1 |  |  |
| 2025-09 | 0 |  | members leaving |
| 2025-12 | 1 | net worth falling |  |
| 2026-03 | 0 |  | net worth falling |

## In the news (Google News, unfiltered, newest first; check the city)

- 2021-02-19 [New leadership in place as CEO of Somerset Federal Credit Union retires - americanbanker.com](https://news.google.com/rss/articles/CBMivAFBVV95cUxNV1p0Sm84VFhtc01UUFVPTXNja2lWNldqeldIeDNab3JsZTRub0RrdFRJZmZqcExUc19KZTJmX2lEM1Z4eThTNWZTWGlIZDVqSU1ZQlFveWE5UXcwcWJmeEE2ci1mSW9ybmxlRmtPcXVjQWlzSHVFWXNScU5IMDVOZ20yT2dvdk1DTWw3a1ViVWx3djRONGRIWHc5Rkl0U21LdG16aWVETUlGeEZUd3hSZFNBbDYtbWN2QWRlWg?oc=5) · americanbanker.com
- 2015-03-19 [Mello comes back home to take credit union job - SouthCoastToday.com](https://news.google.com/rss/articles/CBMiqwFBVV95cUxPdkRPMkN3VzdMenMtYm1yZWxmZHNlT2hLdkFqaXQ5dUkzRTMwOGZvbVBPLU5JSzgzeno1cEhZemdqZFMwNk5feldtN0dzcjhtYUZSZ1ZkQjlGODBxRWxDNzNTREJuT2d1T0hIZ3NIanV6Y1ZFcGhPdUplbnVRZFVGcDlpbU5rNkVjV3RUNUg2aFIwZGNndDgxMTloWnctQ2lPUmhsWUY3RmxDaHM?oc=5) · SouthCoastToday.com
- 2019-10-09 [Stephanie Buzzell joins Southern Mass Credit Union - Fall River Herald News](https://news.google.com/rss/articles/CBMinwFBVV95cUxQM2lJdUppeWNfWnlZeE5DYmxkbWFxSWlvakVxLVB2QjFEOFdSa3lUREN6LUVPczJncmFhZzlTYWhKcXFabVpRUVdyTE8tSEFHMGYxN0FUY0NnejNKQVFVOGM4UmdPWm5Ra3otM1gyTFBVbDVfWmRuaHdXalpGU3QyOWpTNjZWRjJqQUtsdVIxUS1QTGlfekJwWnl6eUotbXc?oc=5) · Fall River Herald News
- 2025-01-05 [Obituary for Jeanne Geary at Hathaway Community Home for Funerals - Hathaway Family Funeral Homes](https://news.google.com/rss/articles/CBMiZEFVX3lxTE8zNV96N2VKVzE4RlRPbGZnNEtKcUp3RXgwQVFRbXhLN2h5d19iejFQeTRpWExWeEtuWms2VkY0YTlqRFlBenRwSTd1SXZpYWI0Q0JEZW5vX0ZtUDJDbmNnRmVNREs?oc=5) · Hathaway Family Funeral Homes
- 2024-02-27 [New coffee bar in Somerset features designs reminiscent of former bank - WJAR](https://news.google.com/rss/articles/CBMilwJBVV95cUxPNVBrdDNwTkF5VWVMbE9pZ1gtXzBEVUxTTU1DOFZDUlV6WHNxczk5STVHWUZTVnI3LWpZalcxRS10UzZEUnp5NERNT0hQNkN2S2ZnZElPLV9kcFg3WW1XbzA3YmUwektCODR3d1pudnRrNjk4Y0NMaUV5Z3dwemd2aE1fWE9yMzFJZWd4MnJmdjhSZDNpaEQxMjR0LS1RbEdqaFFtNjNRVFlETE04U0FHd3RxRm5GdUFXWHpmZUdDRF9jZW8tYVZld2p4Z3NpQzVUaTFNOVRZbG1LMHFYZHhDN0NuWk55a3VyeWlqcHpaZV96b3MyZk1QVEFBOEhMWGlkSFN4TURrNDVTQ3pGZllNSUdaSUpNUUU?oc=5) · WJAR
- 2026-06-17 [12 Gives Back: Crystal Springs - WPRI.com](https://news.google.com/rss/articles/CBMigAFBVV95cUxOMklsV1VZRGY2RjR4LXIwbkRMTm5ObVJLOWk3RWFkM2hOdU5DTUpoOFhfSXBTRmZfT2taNThSZlRhdlIyTWdySnNMNWg5WnBtZk1UWXc4YXdJOU1Jd2wtTlY1dWZRR0R4c0s1U1hNWTJHbmo2X1ZyRFhURWFlczU0QdIBhgFBVV95cUxOV19JMzNzNTNaZ3RfNmFhdjZndzNzUF80Ul9RNmFNTGxPNUtnVmRLWkZwRUdIX1F6ZXg2NUFlOFhmX205R0xOUmxaX0VjSG9CZWpoQmZuVUU2aVR6eGZ4Y040aFpQaWJqZWhhNXp1Nmt0MkgtSTliVFhVbVhpQ3F6VkhMek5oZw?oc=5) · WPRI.com
- 2022-08-28 [Obituary | Helena Franco Rocha of Somerset, Massachusetts - Manuel Rogers Funeral Home](https://news.google.com/rss/articles/CBMiYEFVX3lxTE5KNm93TWM0Qy1Nd0U5WDJVcjliVjRySUoxN1RnQlJGeHFnZlJqaXFjOXo0bkNEdU1sUHZmLWRyYlIxU3AyYXkwa2JlWnJGRUZMMVN2QU1fRGs3UUxlcUhpRQ?oc=5) · Manuel Rogers Funeral Home
- 2024-12-26 [Florence Deveney Obituary - Somerset, MA - Dignity Memorial](https://news.google.com/rss/articles/CBMihwFBVV95cUxPVHhOME93Wjhwd3ZpTFZoazJlQ3VzZ3JndzBjNXVzNVYtVGNnZjBVZVRKZVRHMnNpLXQ4d1RfQWV3UzZDbFFfUE41OWlWV3l6UDFCcVUzaEhqeS1RLXhWZEYySWtHdFl5TW80aWhaSTVMdFBHWFZIWVl6LWpJWEllVzJvSk9jMjQ?oc=5) · Dignity Memorial

## How to verify

- Page: https://getbookiq.com/cu-intel/#cu=24239 (every cell opens its formula and NCUA account codes; the News tab is the same search)
- Latest row, JSON: https://getbookiq.com/cu-intel/data/summary.json · history: https://getbookiq.com/cu-intel/data/h/47.json (key "24239", columns cycle, assets, loans, shares, networth, nwr, roa, total_dq_pct, total_nco_pct, vehicle, veh_pct_loans, indirect, ind_pct_veh, ind_veh, ind_re, ind_comm, ind_other, ind_pct_loans, loans_n, granted_n_ytd, granted_ann, loan_pen, granted_pen, avg_loan_bal, loans_per_fte, veh_part, tp_pct_nw, veh_dq_pct, veh_nco_pct, repo_pct_veh, members_yoy, ltos, cash_pct, borrow_pct, nim_pct, opex_pct, risk_score, members, fte, cash_total, invest_sec, allowance_eff, int_income_ytd, int_exp_ytd, provision_eff_ytd, nonint_income_ytd, nonint_exp_ytd, net_income_ytd, n_flags, re_pct_loans, cc_pct_loans, comm_pct_loans, cert_pct_shares, core_pct_shares, part_buy_ann, part_sell_ann, pot_members, sh_draft_n, chk_pen, fom_pen, flags)
- Participation history: https://getbookiq.com/participation-desk/#cu=24239
- Field definitions: https://getbookiq.com/dictionary/#cu-ltos and the rest of the credit union dictionary
- Source: NCUA 5300 call report bulk files. Income fields are annualized by cycle month (Mar x4, Jun x2, Sep x4/3, Dec x1). Percentiles are within the asset band in the same quarter.

---
Rendered 2026-09-10 from the desks' own data files. Full guide: https://getbookiq.com/guide