Southern Mass Credit Union

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A short history of Southern Mass CU

Since its inception in 1922 the Southern Mass Credit Union has been serving its members in the Fairhaven, Massachusetts area with exceptional financial products. You can find their current interest rates on used car loans, new car loans, 1st mortgage loans and interest rates on both fixed and adjustable mortgages here on these pages. Currently led by Carmen Sylvester, the Southern Mass CU has grown its membership to over 14,757 with assets of more than $211,759,078. They have a main office and 5 branch offices. Please see the credit unions website or contact them by phone at (508) 994-9971 or email them at to get exact details . There are many other credit unions in the local area. See them all here. Credit Unions in Fairhaven, MA.

General Information For Southern Mass CU was taken from their 6/30/2017 quarterly report, which is the most current available public information.

Charter Number 67481
Address 123 Alden Rd 
City Fairhaven 
State Massachusetts 
Zip-Code 02719
Phone Number (508) 994-9971
Fax Number (508) 999-0909
Email Address:
CEO/President Carmen Sylvester
Members 14,757 
Full-Time Employees 36 
Part-Time Employees 25 
Number of Branch Offices
Total Assets 211,759,078 

Compare Southern Mass Credit Union To Other Local Credit Unions

Credit Union Name
Branch Name
Zip Code
Phone Number
ATM Access
Distance (Miles)
First Citizens' CU FALMOUTH 352 MAIN ST 02540 (508) 540-8444 No 1.57
St. Anne CU St Anne Credit Union 93 Union St 02740 (508) 993-0011 No 2.92
New Bedford CU New Bedford Credit Union 120 Dawson St 02745 (508) 998-9115 No 3.16
Southcoast CU St Luke's Hospital 101 Page St 02740 (508) 997-4475 No 3.63
St. Anthony Of New Bedford CU St. Anthony of New Bedford FCU 1743 Acushnet Ave 02746 (508) 996-5492 No 4.07

Southern Mass Credit Union Financial Performance Charts

Performance Charts

Website Image

Financial Data

Southern Mass Credit Union Lowest Loan Rates With State and USA Rankings

Unsecured Credit Card New Car Loans Used Car Loans 1st Mortgage Loans Other Real Estate
Rate 7.97 1.99 2.74 4.38 3.99
Mean Rate For All USA Based Credit Unions 10.56 3.72 5.00 4.48 4.95
Rank Among All USA Credit Unions 89 34 70 191 99
Rank Among All Massachusetts Credit Unions 3 6 13 47 18

Southern Mass Credit Union Highest Deposit Rates With State and USA Rankings

Checking Regular Savings Money Market Certificates of Deposits IRA/KEOGH
Rate N/A 0.15 0.35 0.71 0.74
Mean Rate For All USA Based Credit Unions 0.19 0.26 0.29 0.73 0.66
Rank Among All USA Credit Unions N/A 119 89 222 193
Rank Among All Massachusetts Credit Unions N/A 15 17 42 38
Southern Mass Credit Union Loans and Leases

Interest Rate Number of Loans Amount
Unsecured Credit Card Loans 7.9701,5871,906,518
All Other Unsecured Loans/Lines of Credit 9.9901,6463,437,750
Short-Term, Small Amount Loans (STS) (Federal CU Only) 0.00000
Non-Federally Guaranteed Student Loans 7.240511,554,640
New Vehicle Loans 1.9902213,139,425
Used Vehicle Loans 2.7401,41514,389,088
Total 1st Mortgage Real Estate Loans/Lines of Credit 4.38047164,693,710
Total Other Real Estate Loans/Lines of Credit 3.99059327,175,133
Leases Receivable 0.00000
Total All Other Loans/Lines of Credit 6.1904063,519,397
TOTAL LOANS & LEASES 6,390119,815,661

Southern Mass Credit Union Real Estate Loans and Lines of Credit


No. of Loans Outstanding Amt of Loans Outstanding No. of Loans Granted Year- to-Date Amount Granted Year-To-Date
Fixed Rate
    a. > 15 years 31346,638,140193,939,060
    b. 15 Years or less 979,074,41961,408,000
    a. > 15 years 0000
    b. 15 Years or less 0000
Other Fixed Rate 0000
Adjustable Rate 1 yr or less 0000
Adjustable Rate > 1 yr 618,981,1514863,200


Closed-End Fixed Rate 34217,569,01025191,100
Closed-End Adjustable Rate 0000
Open-End Adjustable Rate 2519,606,12300
Open-End Fixed Rate 0000
TOTALS 1,06491,868,843546,401,360


Interest Only & Payment Option 1st Mortgage Loans 000
Interest Only & Payment Option Other RE/LOC Loans 2519,606,1240
    a. Federally Insured Home Equity Conversion Mortgage (HECM) 0000
    b. Proprietary Reverse Mortgage Products 0000

Southern Mass Credit Union Member Offerings
First Time Homebuyer Program Yes
Real Estate Loans Yes
Pay Day Lending No
Share Secured Credit Cards No
Overdraft Protection/Courtesy Pay No
Overdraft Lines of Credit Yes
ATM/Debit Card Program Yes
Interest Only and Payment Option 1st Mortgage Loans No
Check Cashing Yes
Money Orders Yes
No Surcharge ATMs Yes
Home Banking Via Internet Website Yes