Merrimack Valley Federal Credit Union

Merrimack Valley Federal Credit Union Locations

500 Merrimack Street
Lawrence, MA 01843
800-356-0067
www.merrimack-valley-fcu.org

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Merrimack Valley Federal Credit Union is headquartered in Lawrence and is the 19^st largest credit union in the state of Massachusetts. It is also the 442^nd largest credit union in the nation. It was established in 1955 and as of December of 2011, it had grown to 80 employees and 43,041 members. Merrimack Valley Federal Credit Union's money market rates are 14% higher than the national average, and it boasts a 5-star health rating.

Top CD Rates in MA & NH at Merrimack Valley Federal Credit Union - Local Only - 2/28/2012

Merrimack Valley Federal Credit Union has several competitive rates on its certificates. The best ones include a 2.50% APY for 5 years, 2.00% APY for 3 years and 1.50% APY for 2 years. Minimum deposit ...

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See Rates for: Checking | Savings | Money Market | CD | IRA

Merrimack Valley Federal Credit Union Checking Account Rates

	Apy	Min	Max	Product
	0.10%	-	-	Business Dividend Bearing Checking

Merrimack Valley Federal Credit Union Savings Account Rates

Apy	Min	Max	Product
0.40%	-	-	IRA Savings
0.40%	-	-	Premium Share
0.40%	-	-	Roth IRA Savings
0.40%	-	-	CESA Savings
0.15%	-	-	Main Share
0.15%	-	-	Share Savings
0.15%	-	-	Club Accounts
0.15%	-	-	Business Share Savings

Merrimack Valley Federal Credit Union Money Market Rates

	Apy	Min	Max	Product
	1.05%	$100k	-	Business Money Market

Merrimack Valley Federal Credit Union CD Rates

Apy	Min	Max	Product
2.30%	$500	-	60 Month CD
1.90%	$500	-	48 Month CD
1.65%	$500	-	36 Month CD
1.30%	$500	-	24 Month CD
1.30%	$500	-	30 Month CD
1.30%	$25k	-	24 Month Jumbo CD
0.90%	$500	-	18 Month CD
0.90%	$25k	-	18 Month Jumbo CD
0.70%	$500	-	12 Month CD
0.70%	$500	-	15 Month Bump-Up CD
0.70%	$25k	-	12 Month Jumbo CD
0.50%	$1k	-	6 Month CD
0.50%	$25k	-	6 Month Jumbo CD
0.25%	$1k	-	91 Day CD

Merrimack Valley Federal Credit Union IRA Rates

Apy	Min	Max	Product
2.30%	$500	-	60 Month IRA
2.30%	$500	-	60 Month Roth IRA
2.30%	$500	-	60 Month CESA
1.90%	$500	-	48 Month IRA
1.90%	$500	-	48 Month Roth IRA
1.90%	$500	-	48 Month CESA
1.65%	$500	-	36 Month IRA
1.65%	$500	-	36 Month Roth IRA
1.65%	$500	-	36 Month CESA
1.30%	$500	-	24 Month IRA
1.30%	$25k	-	24 Month Jumbo IRA
1.30%	$500	-	30 Month IRA
1.30%	$500	-	24 Month Roth IRA
1.30%	$25k	-	24 Month Jumbo Roth IRA
1.30%	$500	-	30 Month Roth IRA
1.30%	$500	-	24 Month CESA
1.30%	$25k	-	24 Month Jumbo CESA
1.30%	$500	-	30 Month CESA
0.90%	$500	-	18 Month IRA
0.90%	$25k	-	18 Month Jumbo IRA
0.90%	$500	-	18 Month Roth IRA
0.90%	$25k	-	18 Month Jumbo Roth IRA
0.90%	$500	-	18 Month CESA
0.90%	$25k	-	18 Month Jumbo CESA
0.70%	$500	-	12 Month IRA
0.70%	$25k	-	12 Month Jumbo IRA
0.70%	$500	-	15 Month Bump-Up IRA
0.70%	$500	-	12 Month Roth IRA
0.70%	$25k	-	12 Month Jumbo Roth IRA
0.70%	$500	-	15 Month Bump-Up Roth IRA
0.70%	$500	-	12 Month CESA
0.70%	$25k	-	12 Month Jumbo CESA
0.70%	$500	-	15 Month Bump-Up CESA
0.50%	$1k	-	6 Month IRA
0.50%	$25k	-	6 Month Jumbo IRA
0.50%	$1k	-	6 Month Roth IRA
0.50%	$25k	-	6 Month Jumbo Roth IRA
0.50%	$1k	-	6 Month CESA
0.50%	$25k	-	6 Month Jumbo CESA
0.25%	$1k	-	91 Day IRA
0.25%	$1k	-	91 Day Roth IRA
0.25%	$1k	-	91 Day CESA

Rates updated: 5/26/2012

Data for Q4 2011

Institution Statistics

MERRIMACK VALLEY
NCUA #	10066
BankRate Report	View
Year Chartered	1955
Employees	80
Primary Regulator
Assets and Liabilities
Assets	$441.10 million
Loans	$243.00 million
Deposits	$393.67 million
Equity Capital	$46.94 million
Loan Loss Allowance	$2.85 million
Unbacked Noncurrent Loans	$2.99 million
Real Estate Owned	$302,000
Historic Data - December 2010
Assets	$421.70 million
Equity Capital	$42.04 million
Loan Loss Allowance	$2.76 million
Unbacked Noncurrent Loans	$2.99 million
Real Estate Owned	$379,000
Profit Margin - Quarterly
Net Interest Margin	3.72%
Return on Assets	0.37%
Return on Equity	3.51%
Interest Income	$14.56 million
Non-Interest Income	$4.15 million

Institution Health

Overall Score:

5 out of 5

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, 2011 Merrimack Valley Federal Credit Union had $3.29 million in non-current loans and owned real-estate with $49.79 million in equity and loan loss allowances on hand to cover it. This gives Merrimack Valley Federal Credit Union a Texas Ratio of 6.61% 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 Merrimack Valley Federal Credit Union held steady from 7.52% as of December 31, 2010 to 6.61% as of December 31, 2011, resulting in a positive change of 12.15%.This indicates that the balance sheet and financial strength for Merrimack Valley Federal Credit Union has held steady in recent periods.
Deposit Growth
In the past year, Merrimack Valley Federal Credit Union has increased its total deposits by $14.35 million, resulting in 3.78% 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 Merrimack Valley Federal Credit Union has shown is above average.
Capitalization
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. Merrimack Valley Federal Credit Union has $441.1 million in assets with $49.79 million in equity, resulting in a capitalization level of 11.29%, which is above average.