Merrimack Valley Credit Union is headquartered in Lawrence and is the 8th largest credit union in the state of Massachusetts. It is also the 311th largest credit union in the nation. It was established in 1955 and as of March of 2019, it had grown to 156 employees and 83,177 members at 10 locations. Merrimack Valley Credit Union's CD rates are 2X 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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Great All Around Bank
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!
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
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
Data as of Q1 2019
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 68693 |
| Year Chartered | 1955 |
| Employees | 156 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.49% |
| Return on Equity - YTD | 4.09% |
| Annual Interest Income | $7.7MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q1 2019 | $1.04B |
| Loans | Q1 2019 | $689.4MM |
| Deposits | Q1 2019 | $890.4MM |
| Equity Capital | Q1 2019 | $98.8MM |
| Loan Loss Allowance | Q1 2019 | $2.1MM |
| Unbacked Noncurrent Loans | Q1 2019 | $4.4MM |
| Real Estate Owned | Q1 2019 | $0 |
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
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 0.50% | - | - | IRA Savings | |
| 0.50% | - | - | Premium Share | |
| 0.25% | $5 | - | Main Share | |
| 0.25% | - | - | Share Savings | |
| 0.25% | - | - | Holiday Club | |
| 0.25% | - | - | Vacation Club | |
| 0.15% | $5 | - | Business Share Savings |
Merrimack Valley Credit Union Money Market Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW 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
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 0.10% | - | - | Business Dividend Bearing Checking |
Merrimack Valley Credit Union CD Rates
| Bridgewater Branches | ||
|---|---|---|
| Branch Office | 75 Main St | Bridgewater, MA 02324-1406 |
| Fairhaven Branches | ||
|---|---|---|
| Branch Office | 41 Fairhaven Commons Way | Fairhaven, MA 02719 |
| Haverhill Branches | ||
|---|---|---|
| Branch Office | 2 Water St | Haverhill, MA 01830 |
| Lawrence Branches | ||
|---|---|---|
| Branch Office | 350 Winthrop Ave Rte 114 | Lawrence, MA 01843 |
| Branch Office | 500A Merrimack St | Lawrence, MA 01843 |
| Methuen Branches | ||
|---|---|---|
| Branch Office | 436 Broadway Rt 28 | Methuen, MA 01844 |
| Plaistow Branches | ||
|---|---|---|
| Branch Office | 24 Plaistow Rd | Plaistow, NH 03865 |
| Plymouth Branches | ||
|---|---|---|
| Branch Office | 44 Shops at 5 Way | Plymouth, MA 02360 |
| Quincy Branches | ||
|---|---|---|
| Branch Office | 213 Independence Ave | Quincy, MA 02169 |
| Seabrook Branches | ||
|---|---|---|
| Branch Office | 700 Lafayette Rd Unit 103A | Seabrook, NH 03874-6202 |