Somerville’s Credit Union

Specialties

Loans, Mortgages, Home Equity Line of Credits, Certificates of Deposit, Savings Accounts, Checking Accounts, Individual Retirement Accounts

History

Established in 1941.

Established on May 28, 1941, Somerville Municipal Federal Credit Union was started by people who were committed to helping their fellow City of Somerville employees save for retirement in an age when pensions were non-​existent. In the 1960’s, membership was extended to employees of the Somerville Housing Authority, the Somerville Redevelopment Authority, Somerville Cambridge Elder Services, and Massachusetts Welfare employees working in Somerville. The field was expanded to include family members of the above employee groups during the 1970’s and 1980’s. Members of the Disabled American Veterans (DAV) Chapter No. 27 and Somerville Garden Club were included to join our growing credit union membership in 2014.

The common bond of our employer groups is service to citizens of the Somerville community. With family members included, we are now close to 3,000 members strong, and continue to seek new members.

We are an Equal Housing Lender with the NCUA

Meet the Manager

Ron D.

Manager

Ron has 30 years of work experience in financial services and real estate. Ron started his banking career as a teller while in college and served in various capacities as a Marketing Officer, Project Manager, Loan Officer, Operations Manager, Vice President and President/​CEO of several Massachusetts banks and credit unions. While in the financial services arena he was the Chairman of the Board of the nation’s first corporate credit union, as well as being elected Director of the Massachusetts Credit Union League. He received his BS in Business Administration from Boston College, an MBA from Southern New Hampshire University, training and certification from the Community Dispute Settlement Center in Cambridge, MA as a confidential court mediator, a graduate certificate in Human Resource Management from Merrimack College, and a JD from Massachusetts School of Law.