Merck Employees Federal Credit Union
Popular Accounts at this Credit Union
| APY | ACCOUNT TYPE | HOW THEY COMPARE |
|---|---|---|
| 1.89% | Savings | 0.26% - National Average |
| 0.63% | Checking | 0.19% - National Average |
| 0.13% | Checking | 0.19% - 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 139th largest credit union in the nation. It was established in 1936 and as of December of 2018, it had grown to 24 employees and 25,090 members at 5 locations. Merck Employees Federal Credit Union's savings rates are 4X 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 Q4 2018
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 1454 |
| Year Chartered | 1936 |
| Employees | 24 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.43% |
| Return on Equity - YTD | 3.66% |
| Annual Interest Income | $36.9MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q4 2018vs Q4 2017 | $1.90B$1.94B |
| Loans | Q4 2018vs Q4 2017 | $150.2MM$166.3MM |
| Deposits | Q4 2018vs Q4 2017 | $1.67B$1.72B |
| Equity Capital | Q4 2018vs Q4 2017 | $223.7MM$217.3MM |
| Loan Loss Allowance | Q4 2018vs Q4 2017 | $360.00K$361.00K |
| Unbacked Noncurrent Loans | Q4 2018vs Q4 2017 | $1.6MM$2.2MM |
| Real Estate Owned | Q4 2018vs Q4 2017 | $275.00K$211.00K |
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 |
|---|---|---|---|---|
| 2.27% | $200 | - | IRA Account | |
| 1.89% | $50 | - | Regular Share Accounts |
Merck Employees Federal Credit Union Checking Account Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 0.63% | $1 | - | Share Draft w/ e-statement | |
| 0.13% | $1 | - | 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 |