Merrimack Valley Credit Union

Overview / Commentary
500 Merrimack St
Lawrence, MA 01843

Merrimack Valley Credit Union is headquartered in Lawrence and is the 9th largest credit union in the state of Massachusetts. It is also the 329th largest credit union in the nation. It was established in 1955 and as of September of 2021, it had grown to 161 employees and 73,222 members at 10 locations. Merrimack Valley Credit Union has an A health rating.

Field of Membership Restrictions

Membership in Merrimack Valley Credit Union is open to those who live, worship, work, or attend school in the Merrimack Valley area of Massachusetts and New Hampshire, or the Massachusetts counties of Barnstable, Bristol, Norfolk, or Plymouth. Membership is also open those who have a family member who qualifies for membership.
See current membership details

Reviews (3)

Great All Around Bank

Posted by: |

I have been a customer to this bank for 4 years and they have always been wonderful to conduct business with. They have great customer service and are committed to helping each customer feel like they are just as important as the next. They are not out to make money of their customers through fees like most big banks. I have a Checking, Savings and Car Loan through MVFCU and found each service to be great with no problems.







Great credit union!

Posted by: |

Merrimac Valley Federal Credit Union is a fantastic company to work with! I have been with them for over 10 years now, and I have not had one single complaint with any aspect of their services. They have many convenient locations and offer the ability to have credits when you use out-of-network ATMs. That way, you don't have to hunt for a location that will not charge you to make a withdrawal! Every time I visit their local branch, they are always courteous and friendly, and they never cease to help me no matter what my problem or question is. Their rates for checking and saving accounts can NOT be beat! I would highly recommend that, if you have the ability to, absolutely take advantage of this wonderful credit union, I'm willing to be you will not be disappointment!

I Would Never Recommend This Branch

Posted by: |

This bank is very unprofessional to their members and doesn't care about them at all. I was a member for several years and had a mortgage loan with them. Lisa L was head of that department and let me tell you she was the rudest and most unprofessional person i ever dealt with in my entire life. When I lost my job she was very unsympathetic and disrespectful. I couldn't believe a branch would represent themselves like this and treat people the way she did. I would never recommend this branch and say stay away. There are plenty of other branches out there I found that care for their members


Health Grade Components

NCUA #68693
Year Chartered1955
Primary Regulator
Profit Margin
Return on Assets - YTD0.18%
Return on Equity - YTD2.11%
Annual Interest Income$25.1MM
Assets and Liabilities
AssetsQ3 2021vs Q3 2020$1.26B$1.21B
LoansQ3 2021vs Q3 2020$790.1MM$712.1MM
DepositsQ3 2021vs Q3 2020$1.13B$1.05B
Equity CapitalQ3 2021vs Q3 2020$109.1MM$111.8MM
Loan Loss AllowanceQ3 2021vs Q3 2020$7.7MM$5.3MM
Unbacked Noncurrent LoansQ3 2021vs Q3 2020$4.4MM$5.9MM
Real Estate OwnedQ3 2021vs Q3 2020$0$0
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Always verify rates and promotions with the bank or credit union. We are not Merrimack Valley 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.

Merrimack Valley Credit Union Savings Account Rates

1.00%*-$25kKasasa Saver
OTHER TIERS: 0.20% $25k+
0.15%--IRA Savings
0.15%--Premium Share
0.10%$5-Main Share
0.10%--Share Savings
0.10%--Holiday Club
0.10%$5-Business Main Share
0.10%--Vacation Club

Merrimack Valley Credit Union Money Market Rates

0.10%*$25k*-Business Money Market
OTHER TIERS: 0.05% $1k - $25k
0.10%*$25k*-Money Market Account
OTHER TIERS: 0.05% Up to $25k

Merrimack Valley Credit Union Checking Account Rates

2.00%*-$10kKasasa Cash
OTHER TIERS: 0.20% $10k+
0.05%--Business Premium Checking

Merrimack Valley Credit Union CD Rates

0.25%$500-24 Month CD
0.25%$500-30 Month CD
0.25%$500-36 Month CD
0.25%$500-48 Month CD
0.25%$500-60 Month CD
0.20%$500-12 Month CD
0.20%$500-18 Month CD
0.20%$500-15 Month CD
0.10%$1k-6 Month CD
0.05%$1k-91 Day CD

Merrimack Valley Credit Union IRA Rates

0.25%$500-24 Month IRA
0.25%$500-30 Month IRA
0.25%$500-36 Month IRA
0.25%$500-48 Month IRA
0.25%$500-60 Month IRA
0.20%$500-12 Month IRA
0.20%$500-18 Month IRA
0.20%$500-15 Month IRA
0.10%$1k-6 Month IRA
0.05%$1k-91 Day IRA

Cities: Bridgewater, Fairhaven, Haverhill, Lawrence, Methuen, Plaistow, Plymouth, Quincy, Seabrook

Bridgewater Branches
Branch Office75 Main StBridgewater, MA 02324-1406

Fairhaven Branches
Branch Office41 Fairhaven Commons WayFairhaven, MA 02719

Haverhill Branches
Branch Office2 Water StHaverhill, MA 01830

Lawrence Branches
Branch Office350 Winthrop Ave Rte 114Lawrence, MA 01843
Branch Office500A Merrimack StLawrence, MA 01843

Methuen Branches
Branch Office436 Broadway Rt 28Methuen, MA 01844

Plaistow Branches
Branch Office24 Plaistow RdPlaistow, NH 03865

Plymouth Branches
Branch Office44 Shops at 5 WayPlymouth, MA 02360

Quincy Branches
Branch Office213 Independence AveQuincy, MA 02169

Seabrook Branches
Branch Office700 Lafayette Rd Unit 103ASeabrook, NH 03874-6202

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