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 257th largest credit union in the nation. It was established in 1936 and as of June of 2024, it had grown to 19 employees and 24,511 members at 4 locations. Merck Employees Federal Credit Union's savings rates are 2X the national average, and it has a B+ health rating.
Field of Membership Restrictions
Membership in Merck Employees Federal Credit Union is open to employees and retirees of Merck & Co., Inc., Schering Plough, Inc., or Organon and their immediate family.
See current membership details
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Health
B+
Data as of Q2 2024
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 1454 |
| Year Chartered | 1936 |
| Employees | 19 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | -0.37% |
| Return on Equity - YTD | -3.41% |
| Annual Interest Income | $16.4MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2024vs Q2 2023 | $1.9B$2.13B |
| Loans | Q2 2024vs Q2 2023 | $211.1MM$217.3MM |
| Deposits | Q2 2024vs Q2 2023 | $1.36B$1.6B |
| Equity Capital | Q2 2024vs Q2 2023 | $213.1MM$195.9MM |
| Loan Loss Allowance | Q2 2024vs Q2 2023 | $303K$314K |
| Unbacked Noncurrent Loans | Q2 2024vs Q2 2023 | $1.6MM$850K |
| Real Estate Owned | Q2 2024vs Q2 2023 | $0$0 |