Featured Savings Rates
Featured Accounts

Merrimack Valley Credit Union

Popular Accounts at this Credit Union

APYACCOUNT TYPEACCOUNT NAME
2.20%5-year CD60 Month CD
2.00%3-year CD36 Month CD
1.80%2-year CD24 Month CD

Overview / Commentary
978-975-4095
500 Merrimack St
Lawrence, MA 01843

Merrimack Valley 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 June of 2017, it had grown to 91 employees and 47,629 members at 6 locations. Merrimack Valley Credit Union's CD rates are 12% higher than the national average, and it 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. 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

Health Grade Components

Overall
NCUA #10066
Year Chartered1955
Employees91
Primary Regulator
Profit Margin
Return on Assets - YTD0.69%
Return on Equity - YTD7.02%
Annual Interest Income$8.5MM
Assets and Liabilities
AssetsQ2 2017vs Q2 2016$601.7MM$578.4MM
LoansQ2 2017vs Q2 2016$350.3MM$314.9MM
DepositsQ2 2017vs Q2 2016$528.7MM$505.0MM
Equity CapitalQ2 2017vs Q2 2016$59.4MM$59.8MM
Loan Loss AllowanceQ2 2017vs Q2 2016$1.9MM$1.7MM
Unbacked Noncurrent LoansQ2 2017vs Q2 2016$2.9MM$2.1MM
Real Estate OwnedQ2 2017vs Q2 2016$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.

Merrimack Valley Credit Union Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.40%--IRA Savings
0.40%--Premium Share
0.15%--Main Share
0.15%--Share Savings
0.15%--Club Accounts
0.15%--Business Share Savings

Merrimack Valley Credit Union Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
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 Credit Union Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.10%--Business Dividend Bearing Checking

Merrimack Valley Credit Union CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.20%$500-60 Month CD
2.10%$500-48 Month CD
2.00%$500-36 Month CD
1.90%$500-30 Month CD
1.80%$500-24 Month CD
1.75%$500-18 Month CD
1.26%$500-15 Month Bump-Up CD
1.01%$500-12 Month CD
0.35%$1k-6 Month CD
0.25%$1k-91 Day CD
Locations


Merrimack Valley 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