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MERCO Credit Union


Overview / Commentary
merco.org
800-273-4993
1911 M St
Merced, CA 95340

MERCO Credit Union is headquartered in Merced and is the 145th largest credit union in the state of California. It is also the 1,502nd largest credit union in the nation. It was established in 1966 and as of December of 2019, it had grown to 34 employees and 11,173 members at 4 locations. MERCO Credit Union has an A health rating.

Field of Membership Restrictions

Membership is open to anyone who lives in Merced or Mariposa Counties and donate $10 to the Friends of the Library of Merced or the Friends of the Library of Mariposa; employees or retirees of Merced County, the state of California, the U.S. government, or any city, town, or special district paid from or located in Merced County (except the city of Merced).
See current membership details

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Health
A

Data as of Q4 2019

Learn why bank health matters

Health Grade Components

Overall
NCUA #64766
Year Chartered1966
Employees34
Primary Regulator
Profit Margin
Return on Assets - YTD0.85%
Return on Equity - YTD8.32%
Annual Interest Income$4.5MM
Assets and Liabilities
AssetsQ4 2019vs Q4 2018$118.8MM$116.5MM
LoansQ4 2019vs Q4 2018$70.8MM$63.4MM
DepositsQ4 2019vs Q4 2018$105.9MM$104.7MM
Equity CapitalQ4 2019vs Q4 2018$12.1MM$11.1MM
Loan Loss AllowanceQ4 2019vs Q4 2018$524.00K$433.00K
Unbacked Noncurrent LoansQ4 2019vs Q4 2018$256.00K$101.00K
Real Estate OwnedQ4 2019vs Q4 2018$0$0
Rates
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

MERCO Credit Union Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.15%*$8k*-Summit Savings
OTHER TIERS: 0.10% → Up to $2k | 0.11% → $2k - $5k | 0.13% → $5k - $8k
0.10%$100-Regular Savings
0.10%$5-Youth Savings
0.10%--Holiday Club Account
0.10%$500-IRA Savings
0.10%$500-Coverdell Education Savings Account

MERCO Credit Union Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.30%*$50k*-Premier Money Management Account
OTHER TIERS: 0.10% → $1 - $20k | 0.25% → $20k - $50k
0.25%*$7.5k*-Classic Money Management Account
OTHER TIERS: 0.10% → $1 - $2.5k | 0.20% → $2.5k - $7.5k

MERCO Credit Union Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.08%$500-Summit Checking
0.05%$500-Checking Account
0.05%$500-Business Checking

MERCO Credit Union CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.10%$2.5k-5 Year Money Fund Share Certificate
0.90%$2.5k-30 Month Mini-Fund Share Certificate
0.60%$2.5k-2 Year Share Certificate
0.50%$2.5k-1 Year Share Certificate
0.40%$1k-6 Month Share Certificate
0.40%$2.5k-9 Month Share Certificate

MERCO Credit Union IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.15%$2.5k-5 Year IRA Money Fund
0.95%$2.5k-30 Month IRA Mini-Fund
0.65%$2.5k-2 Year IRA
0.55%$2.5k-1 Year IRA
0.45%$1k-6 Month IRA
0.45%$2.5k-9 Month IRA
Locations


MERCO Credit Union Locations
Branch Office1655 Bellevue RdAtwater, CA 95301-2608
Branch Office1911 M STMerced, CA 95340-3706
Branch Office5011 Coakley CirMariposa, CA 95338
Corporate Office815 W 18th StMerced, CA 95340

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