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 158th largest credit union in the nation. It was established in 1936 and as of September 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.
Membership in Merck Employees Federal Credit Union is open to Merck employees and retirees and their immediate family.
See current membership details
Overall | |
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NCUA # | 1454 |
Year Chartered | 1936 |
Employees | 25 |
Primary Regulator |
Profit Margin | |
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Return on Assets - YTD | 0.35% |
Return on Equity - YTD | 2.74% |
Annual Interest Income | $28.2MM |
Assets and Liabilities | ||
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Assets | Q3 2020vs Q3 2019 | $2.13B$1.90B |
Loans | Q3 2020vs Q3 2019 | $164.0MM$147.6MM |
Deposits | Q3 2020vs Q3 2019 | $1.86B$1.64B |
Equity Capital | Q3 2020vs Q3 2019 | $264.8MM$245.1MM |
Loan Loss Allowance | Q3 2020vs Q3 2019 | $339.00K$308.00K |
Unbacked Noncurrent Loans | Q3 2020vs Q3 2019 | $1.4MM$1.9MM |
Real Estate Owned | Q3 2020vs Q3 2019 | $484.00K$224.00K |
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.
APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
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1.89% | $200 | - | IRA Account | |
1.13% | $50 | - | Regular Share Accounts |
APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
---|---|---|---|---|
0.38% | $1 | - | E-Checking (Share Draft w/ e-statement) | |
0.13% | $1 | - | Share Drafts w/ paper statement |
Merck Employees Federal Credit Union Locations | ||
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Branch Office | 1 MERCK DR | WHITEHOUSE STATION, NJ 08889 |
Branch Office | 2778 S EAST SIDE HWY | ELKTON, VA 22827-3628 |
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 |