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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 125th largest credit union in the state of California. It is also the 1,315th largest credit union in the nation. It was established in 1966 and as of June of 2024, it had grown to 40 employees and 15,128 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

Related Posts

MERCO Credit Union (CA) Adds 30-Month & 60-Month Bump-Up Add-On CDs - 1/19/2024

MERCO Credit Union (CA) has added 30-month and 60-month Bump-Up/Add-On Share Certificates with a competitive APYs. $500 minimum opening deposit.

MERCO Credit Union (CA) Flex-Term CDs Have Competitive Long-Term Rate - 11/10/2023

MERCO Credit Union recently unveiled its Flex-Term Share Certificates that offer one competitive rate for any terms from 6 to 60 months.

5.00% APY On All Flex Term Certificates, 6-60 Months - 10/31/2023

"Just like traditional certificates, Flex-Term Certificates offer attractive dividend rates, are federally insured by the NCUA, and have a predetermined maturity date. However, Flex Certificates offer greater flexibility and accessibility because you can choose your own Certificate term and more" Choose any term from 6 months to 60 months Lock in a rate of 5.00% APY for the full term Deposit as little as $500 for regular Certificate Deposit as little as $1,000 for IRA Certificate Does NOT have to be NEW money

Reviews

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Health
A

Data as of Q2 2024

Learn why bank health matters

Health Grade Components

Overall
NCUA #64766
Year Chartered1966
Employees40
Primary Regulator
Profit Margin
Return on Assets - YTD0.4%
Return on Equity - YTD4.41%
Annual Interest Income$5.1MM
Assets and Liabilities
AssetsQ2 2024vs Q2 2023$186.2MM$168.3MM
LoansQ2 2024vs Q2 2023$135.7MM$111.4MM
DepositsQ2 2024vs Q2 2023$164.3MM$146.7MM
Equity CapitalQ2 2024vs Q2 2023$17.1MM$16.3MM
Loan Loss AllowanceQ2 2024vs Q2 2023$3MM$1.5MM
Unbacked Noncurrent LoansQ2 2024vs Q2 2023$1.4MM$531K
Real Estate OwnedQ2 2024vs Q2 2023$0$0
Rates

Rates for MERCO Credit Union are currently being reviewed.

Locations


MERCO Credit Union Locations
Branch Office1911 M STMerced, CA 95340-3706
Branch Office5011 Coakley CirMariposa, CA 95338
Corporate Office815 W 18th StMerced, CA 95340
Branch Office598 Bellevue RdAtwater, CA 95301

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