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P.O. Box 2955
Merced, CA 95344

Merco Credit Union is headquartered in Merced and is the 157th largest credit union in the state of California. It is also the 1,642nd largest credit union in the nation. It was established in 1966 and as of December of 2013, it had grown to 30 employees and 10,469 members. Merco Credit Union has a B+ health rating.

Field of Membership Restrictions

Must live or work in Merced or Mariposa County and makes a donation ($10 minimum) to the Friends of the Library of Merced or the Friends of the Library of Mariposa. Also open to employees of Merced County or several other companies and organizations. - See Details

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Data for Q4 2013

Institution Health

Additional Factors: Institutions with a small asset base or a short operating history can represent an instability risk beyond what their financial ratios indicate. Merco Credit Union has a relatively low asset base.

Texas Ratio


The Texas Ratio is an indicator of how much funds a bank has available compared to the total value of loans considered at risk. As of December 31, 2013 Merco Credit Union had $241,000 in non-current loans and owned real-estate with $7.96 million in equity and loan loss allowances on hand to cover it. This gives Merco Credit Union a Texas Ratio of 3.03% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend


The Texas Ratio for Merco Credit Union experienced no significant changes from 2.31% as of December 31, 2012 to 3.03% as of December 31, 2013, resulting in a negative change of 30.91%. This indicates that the balance sheet and financial strength for Merco Credit Union has had no significant changes in recent periods.

Deposit Growth


In the past year, Merco Credit Union has increased its total deposits by $3.6 million, resulting in 4.84% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth Merco Credit Union has shown is excellent.



Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. Merco Credit Union has $85.94 million in assets with $7.96 million in equity, resulting in a capitalization level of 9.26%, which is average.

Institution Statistics

NCUA #64766
Year Chartered1966
Primary Regulator
Assets and Liabilities
Assets$85.94 million
Loans$35.52 million
Deposits$77.84 million
Equity Capital$7.36 million
Loan Loss Allowance$596,000
Unbacked Noncurrent Loans$136,000
Real Estate Owned$105,000
Historic Data - December 2012
Assets$81.45 million
Equity Capital$6.67 million
Loan Loss Allowance$679,000
Unbacked Noncurrent Loans$136,000
Real Estate Owned$0
Profit Margin - Quarterly
Net Interest Margin7%
Return on Assets0.81%
Return on Equity9.42%
Interest Income$3.01 million
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Merco Credit Union Savings Account Rates

0.20%$50k-Premier Money Management Account
0.12%$8k-Summit Savings
0.12%$7,500-Classic Money Management Account
0.10%--Holiday Club Account
0.10%$500-IRA Savings Account
0.10%$500-Coverdell Education Savings Account
0.10%$500-Roth IRA Savings Account
0.05%$100-Regular Savings Account
0.05%--Youth Savings

Merco Credit Union Checking Account Rates

0.05%$500-Checking Account
0.05%$500-Business Checking
0.05%$500-Summit Checking

Merco Credit Union CD Rates

0.90%$2,500-5 Year Money Fund Share Certificate
0.30%$2,500-2 Year Share Certificate
0.30%$2,500-30 Month Mini-Fund Share Certificate
0.20%$2,500-1 Year Share Certificate
0.15%$1k-6 Month Share Certificate
0.15%$2,500-9 Month Share Certificate

Merco Credit Union IRA Rates

0.95%$2,500-5 Year Money Fund IRA Certificate (Traditional,Roth,CESA)
0.35%$2,500-2 Year IRA Certificate (Traditional,Roth,CESA)
0.35%$2,500-30 Month Mini-Fund IRA Certificate (Traditional,Roth,CESA)
0.25%$2,500-1 Year IRA Certificate (Traditional,Roth,CESA)
0.20%$1k-6 Month IRA Certificate (Traditional,Roth,CESA)
0.20%$2,500-9 Month IRA Certificate (Traditional,Roth,CESA)

Merco Credit Union Locations
Branch Office1655 Bellevue RdAtwater, CA 95301-2608
Branch Office1911 M STMerced, CA 95340-3706
Branch Office5011 Coakley CirMariposa, CA 95338-8519