Overview / Commentary
MERCO Credit Union is headquartered in Merced and is the 123rd largest credit union in the state of California. It is also the 1,285th largest credit union in the nation. It was established in 1966 and as of September of 2024, it had grown to 42 employees and 15,328 members at 4 locations. MERCO Credit Union has an A health rating.
Field of Membership Restrictions
Membership is MERCO Credit Union open to those who live, work, worship, or attend school in the California counties of Merced, Mariposa, Madera, or Stanislaus. Family members of a current MERCO Credit Union member who live in California also qualify for membership.
See current membership details
Health
A
Data as of Q3 2024
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 64766 |
| Year Chartered | 1966 |
| Employees | 42 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.36% |
| Return on Equity - YTD | 3.96% |
| Annual Interest Income | $8.1MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q3 2024vs Q3 2023 | $195.3MM$172.6MM |
| Loans | Q3 2024vs Q3 2023 | $135.9MM$117.8MM |
| Deposits | Q3 2024vs Q3 2023 | $173.2MM$150.5MM |
| Equity Capital | Q3 2024vs Q3 2023 | $17.2MM$16.6MM |
| Loan Loss Allowance | Q3 2024vs Q3 2023 | $3.3MM$1.7MM |
| Unbacked Noncurrent Loans | Q3 2024vs Q3 2023 | $1.7MM$727K |
| Real Estate Owned | Q3 2024vs Q3 2023 | $0$0 |