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Merrimack Valley Federal Credit Union

Popular Accounts at this Credit Union

2.00%5-year CD60 Month CD
1.50%3-year CD36 Month CD
1.25%2-year CD24 Month CD

Overview / Commentary
500 Merrimack St
Lawrence, MA 01843

Merrimack Valley Federal Credit Union is headquartered in Lawrence and is the 16th largest credit union in the state of Massachusetts. It is also the 453rd largest credit union in the nation. It was established in 1955 and as of March of 2017, it had grown to 90 employees and 43,877 members at 6 locations. Merrimack Valley Federal Credit Union has an A health rating.

Field of Membership Restrictions

Membership is open to those who live, work, worship or attend school in the Merrimack Valley area (select areas of New Hampshire or Massachusetts). Membership is also open to employees of select organizations and to immediate family of existing members.
See current membership details

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Reviews (3)

Great All Around Bank

Posted by: catfriend | Aug 17, 2012

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: leoatran | Mar 9, 2017

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: John Reid | Oct 23, 2014

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 #10066
Year Chartered1955
Primary Regulator
Profit Margin
Return on Assets - YTD0.61%
Return on Equity - YTD6.28%
Annual Interest Income$4.2MM
Assets and Liabilities
AssetsQ1 2017vs Q1 2016$600.5MM$574.7MM
LoansQ1 2017vs Q1 2016$348.1MM$306.9MM
DepositsQ1 2017vs Q1 2016$528.8MM$503.5MM
Equity CapitalQ1 2017vs Q1 2016$57.9MM$57.8MM
Loan Loss AllowanceQ1 2017vs Q1 2016$1.9MM$1.7MM
Unbacked Noncurrent LoansQ1 2017vs Q1 2016$2.7MM$1.3MM
Real Estate OwnedQ1 2017vs Q1 2016$0$0
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

Merrimack Valley Federal Credit Union Savings Account Rates

0.40%--IRA Savings
0.40%--Premium Share
0.40%--Roth IRA Savings
0.40%--CESA Savings
0.15%--Main Share
0.15%--Share Savings
0.15%--Club Accounts
0.15%--Business Share Savings

Merrimack Valley Federal Credit Union Money Market Rates

0.80%*$100k*-Business Money Market
OTHER TIERS: 0.20% $1k - $10k | 0.35% $10k - $25k | 0.50% $25k - $50k | 0.65% $50k - $100k

Merrimack Valley Federal Credit Union Checking Account Rates

0.10%--Business Dividend Bearing Checking

Merrimack Valley Federal Credit Union CD Rates

2.00%$500-60 Month CD
1.75%$500-48 Month CD
1.50%$500-36 Month CD
1.35%$500-30 Month CD
1.25%$500-24 Month CD
1.00%$500-18 Month CD
0.80%$500-15 Month Bump-Up CD
0.70%$500-12 Month CD
0.35%$1k-6 Month CD
0.25%$1k-91 Day CD

Merrimack Valley Federal Credit Union IRA Rates

2.00%$500-60 Month IRA
1.75%$500-48 Month IRA
1.50%$500-36 Month IRA
1.35%$500-30 Month IRA
1.25%$500-24 Month IRA
1.00%$500-18 Month IRA
0.80%$500-15 Month Bump-Up IRA
0.70%$500-12 Month IRA
0.35%$1k-6 Month IRA
0.25%$1k-91 Day IRA

Merrimack Valley Federal Credit Union Locations
Branch Office500A Merrimack StLawrence, MA 01843
Branch Office2 Water StHaverhill, MA 01830
Branch Office436 Broadway Rt 28Methuen, MA 01844
Branch Office350 Winthrop Ave Rte 114Lawrence, MA 01843
Branch Office700 Lafayette Rd Unit 103ASeabrook, NH 03874-6202
Branch Office24 Plaistow RdPlaistow, NH 03865