Merck Employees Federal Credit Union


Overview / Commentary
732-594-4046
126 E Lincoln Ave
Rahway, NJ 07065

Merck Employees Federal Credit Union is headquartered in RAHWAY and is the 2nd largest credit union in the state of New Jersey. It is also the 183rd largest credit union in the nation. It was established in 1936 and as of September of 2022, it had grown to 23 employees and 25,022 members at 4 locations. Merck Employees Federal Credit Union's savings rates are 2X the national average, and it has a B+ health rating.

Field of Membership Restrictions

Membership in Merck Employees Federal Credit Union is open to employees and retirees of Merck & Co., Inc., Schering Plough, Inc., or Organon and their immediate family.
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Health
B+

Health Grade Components

Overall
NCUA #1454
Year Chartered1936
Employees23
Primary Regulator
Profit Margin
Return on Assets - YTD0.39%
Return on Equity - YTD4.96%
Annual Interest Income$30.4MM
Assets and Liabilities
AssetsQ3 2022vs Q3 2021$2.33B$2.39B
LoansQ3 2022vs Q3 2021$204.3MM$170.6MM
DepositsQ3 2022vs Q3 2021$2.08B$2.13B
Equity CapitalQ3 2022vs Q3 2021$187.4MM$261.2MM
Loan Loss AllowanceQ3 2022vs Q3 2021$287.00K$236.00K
Unbacked Noncurrent LoansQ3 2022vs Q3 2021$501.00K$724.00K
Real Estate OwnedQ3 2022vs Q3 2021$0$0
Rates
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Merck Employees Federal Credit Union Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.82%$200-IRA Account
1.26%$50-Regular Share Accounts

Merck Employees Federal Credit Union Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.13%$1-Share Drafts w/ paper statement
0.13%$1-E-Checking (Share Draft w/ e-statement)
Locations


Merck Employees Federal Credit Union Locations
Branch Office2778 S East Side HwyElkton, VA 22827-3628
Branch Office397 Upton PlRahway, NJ 07065-4616
Branch Office126 E Lincoln AveRahway, NJ 07065-4607
Branch Office2000 Galloping Hill RdKenilworth, NJ 07033

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