Overview / Commentary
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 221st largest credit union in the nation. It was established in 1936 and as of June of 2023, it had grown to 23 employees and 25,005 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.
See current membership details
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Health
B+
Data as of Q2 2023
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 1454 |
| Year Chartered | 1936 |
| Employees | 23 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | -0.1% |
| Return on Equity - YTD | -1.07% |
| Annual Interest Income | $18.9MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2023vs Q2 2022 | $2.13B$2.42B |
| Loans | Q2 2023vs Q2 2022 | $217.3MM$196.4MM |
| Deposits | Q2 2023vs Q2 2022 | $1.60B$2.20B |
| Equity Capital | Q2 2023vs Q2 2022 | $195.9MM$210.0MM |
| Loan Loss Allowance | Q2 2023vs Q2 2022 | $0$270.00K |
| Unbacked Noncurrent Loans | Q2 2023vs Q2 2022 | $850.00K$944.00K |
| Real Estate Owned | Q2 2023vs Q2 2022 | $0$0 |