Merck Employees Federal Credit Union
Popular Accounts at this Credit Union
| APY | ACCOUNT TYPE | ACCOUNT NAME |
|---|---|---|
| 0.88% | Savings | Regular Share Accounts 1.15% - CIT Bank Spring Savings |
| 0.50% | Checking | Share Draft w/ e-statement 0.13% - National Average |
| 0.13% | Checking | Share Drafts 0.13% - National Average |
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 114th largest credit union in the nation. It was established in 1936 and as of March of 2017, it had grown to 23 employees and 25,655 members at 5 locations. Merck Employees Federal Credit Union's savings rates are 69% higher than the national average, and it has an A health rating.
Field of Membership Restrictions
Membership in Merck Employees Federal Credit Union is open to Merck employees, and the spouse, children, siblings, parents and grandchildren of current and retired employees of Merck.
See current membership details
Data as of Q1 2017
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 1454 |
| Year Chartered | 1936 |
| Employees | 23 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.39% |
| Return on Equity - YTD | 3.71% |
| Annual Interest Income | $8.1MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q1 2017vs Q1 2016 | $2.02B$1.95B |
| Loans | Q1 2017vs Q1 2016 | $175.4MM$191.8MM |
| Deposits | Q1 2017vs Q1 2016 | $1.80B$1.73B |
| Equity Capital | Q1 2017vs Q1 2016 | $212.3MM$213.2MM |
| Loan Loss Allowance | Q1 2017vs Q1 2016 | $535.00K$648.00K |
| Unbacked Noncurrent Loans | Q1 2017vs Q1 2016 | $1.7MM$2.3MM |
| Real Estate Owned | Q1 2017vs Q1 2016 | $0$99.00K |
Always verify rates and promotions with the bank or credit union. We are not Merck Employees Federal Credit Union; we are a rate comparison website and cannot provide official rates or promotions.
Merck Employees Federal Credit Union Savings Account Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 2.14% | $200 | - | IRA Account | |
| 0.88% | $50 | - | Regular Share Accounts |
Merck Employees Federal Credit Union Checking Account Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 0.50% | - | - | Share Draft w/ e-statement | |
| 0.13% | - | - | Share Drafts |
| Merck Employees Federal Credit Union Locations | ||
|---|---|---|
| Branch Office | 1 MERCK DR | WHITEHOUSE STATION, NJ 08889 |
| Branch Office | 397 UPTON PL | RAHWAY, NJ 07065-4616 |
| Branch Office | 126 E LINCOLN AVE | RAHWAY, NJ 07065-4607 |
| Branch Office | 2000 GALLOPING HILL RD | KENILWORTH, NJ 07033 |
| Branch Office | 2778 S EAST SIDE HWY | ELKTON, VA 22827-3628 |