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Overview / Commentary
1911 M ST
Merced, CA 95340-3706

Merco Credit Union is headquartered in Merced and is the 157th largest credit union in the state of California. It is also the 1,631st largest credit union in the nation. It was established in 1966 and as of March of 2014, it had grown to 26 employees and 10,421 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 Q1 2014

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 capital a bank has available compared to the total value of loans considered at risk. As of March 31, 2014 Merco Credit Union had $286,000 in non-current loans and owned real-estate with $8.11 million in equity and loan loss allowances on hand to cover it. This gives Merco Credit Union a Texas Ratio of 3.53% 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 1.46% as of March 31, 2013 to 3.53% as of March 31, 2014, resulting in a negative change of 141.05%. 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 $3.27 million, resulting in 4.17% 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 $89.64 million in assets with $8.11 million in equity, resulting in a capitalization level of 9.04%, which is average.

Institution Statistics

NCUA #64766
Year Chartered1966
Primary Regulator
Assets and Liabilities
Assets$89.64 million
Loans$34.95 million
Deposits$81.62 million
Equity Capital$7.54 million
Loan Loss Allowance$565,000
Unbacked Noncurrent Loans$181,000
Real Estate Owned$105,000
Historic Data - March 2013
Assets$85.77 million
Equity Capital$6.83 million
Loan Loss Allowance$617,000
Unbacked Noncurrent Loans$181,000
Real Estate Owned$0
Profit Margin - Quarterly
Net Interest Margin1.74%
Return on Assets0.8%
Return on Equity9.55%
Interest Income$748,000
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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
0.35%$2,500-2 Year IRA Certificate
0.35%$2,500-30 Month Mini-Fund IRA Certificate
0.25%$2,500-1 Year IRA Certificate
0.20%$1k-6 Month IRA Certificate
0.20%$2,500-9 Month IRA Certificate

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