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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 132nd largest credit union in the state of California. It is also the 1,393rd largest credit union in the nation. It was established in 1966 and as of June of 2023, it had grown to 38 employees and 13,472 members at 4 locations. MERCO Credit Union's CD rates are 3X the national average, and it has a B+ 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) 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
B+

Data as of Q2 2023

Learn why bank health matters

Health Grade Components

Overall
NCUA #64766
Year Chartered1966
Employees38
Primary Regulator
Profit Margin
Return on Assets - YTD0.54%
Return on Equity - YTD5.63%
Annual Interest Income$3.5MM
Assets and Liabilities
AssetsQ2 2023vs Q2 2022$168.3MM$177.1MM
LoansQ2 2023vs Q2 2022$111.4MM$86.8MM
DepositsQ2 2023vs Q2 2022$146.7MM$156.8MM
Equity CapitalQ2 2023vs Q2 2022$16.3MM$15.5MM
Loan Loss AllowanceQ2 2023vs Q2 2022$0$660.00K
Unbacked Noncurrent LoansQ2 2023vs Q2 2022$531.00K$566.00K
Real Estate OwnedQ2 2023vs Q2 2022$0$0
Rates
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Always verify rates and promotions with the bank or credit union. We are not MERCO Credit Union; we are a rate comparison website and cannot provide official rates or promotions.

* 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
0.25%$500-IRA Savings
0.10%*$5k*-Summit Savings
OTHER TIERS: 0.05% → Up to $2k | 0.07% → $2k - $5k
0.07%--Holiday Club Account
0.05%$100-Regular Savings
0.05%$5-Youth Savings
0.05%$500-Coverdell Education Savings Account

MERCO Credit Union Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.50%*$50k*-Premier Money Management Account
OTHER TIERS: 0.05% → $1 - $20k | 0.35% → $20k - $50k
0.35%*$7.5k*-Classic Money Management Account
OTHER TIERS: 0.05% → $1 - $2.5k | 0.25% → $2.5k - $7.5k

MERCO Credit Union Checking Account Rates

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

MERCO Credit Union CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
5.00%$500-6 Month - 5 Year Flex-Term Share Certificate
3.75%$500-5 Year Money Fund Share Certificate
3.50%$500-30 Month Mini-Fund Share Certificate
3.25%$500-2 Year Share Certificate
3.00%$500-1 Year Share Certificate
2.75%$500-9 Month Share Certificate
2.50%$500-6 Month Share Certificate

MERCO Credit Union IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
5.00%$1k-6 Month - 5 Year Flex-Term IRA
3.80%$1k-5 Year IRA Money Fund
3.55%$1k-30 Month IRA Mini-Fund
3.30%$1k-2 Year IRA
3.05%$1k-1 Year IRA
2.80%$1k-9 Month IRA
2.55%$1k-6 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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