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 165th largest credit union in the nation. It was established in 1936 and as of March of 2021, it had grown to 25 employees and 24,938 members at 5 locations. Merck Employees Federal Credit Union's savings rates are 94% higher than the national average, and it boasts an A+ health rating.
Field of Membership Restrictions
Membership in Merck Employees Federal Credit Union is open to Merck employees and retirees and their immediate family.
See current membership details
Health
Health Grade Components
| Overall | |
|---|---|
| NCUA # | 1454 |
| Year Chartered | 1936 |
| Employees | 25 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.37% |
| Return on Equity - YTD | 3.25% |
| Annual Interest Income | $9.4MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q1 2021vs Q1 2020 | $2.31B$2.00B |
| Loans | Q1 2021vs Q1 2020 | $159.8MM$150.6MM |
| Deposits | Q1 2021vs Q1 2020 | $2.05B$1.73B |
| Equity Capital | Q1 2021vs Q1 2020 | $258.5MM$259.0MM |
| Loan Loss Allowance | Q1 2021vs Q1 2020 | $308.00K$321.00K |
| Unbacked Noncurrent Loans | Q1 2021vs Q1 2020 | $897.00K$1.5MM |
| Real Estate Owned | Q1 2021vs Q1 2020 | $0$0 |