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 160th largest credit union in the nation. It was established in 1936 and as of June of 2020, it had grown to 25 employees and 24,813 members at 5 locations. Merck Employees Federal Credit Union's savings rates are 2X 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
A+
Data as of Q2 2020
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 1454 |
| Year Chartered | 1936 |
| Employees | 25 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.37% |
| Return on Equity - YTD | 2.83% |
| Annual Interest Income | $18.6MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2020vs Q2 2019 | $2.07B$1.90B |
| Loans | Q2 2020vs Q2 2019 | $160.6MM$145.8MM |
| Deposits | Q2 2020vs Q2 2019 | $1.79B$1.65B |
| Equity Capital | Q2 2020vs Q2 2019 | $264.0MM$241.2MM |
| Loan Loss Allowance | Q2 2020vs Q2 2019 | $333.00K$346.00K |
| Unbacked Noncurrent Loans | Q2 2020vs Q2 2019 | $1.9MM$1.7MM |
| Real Estate Owned | Q2 2020vs Q2 2019 | $484.00K$224.00K |