Merrimack Valley Credit Union

Overview / Commentary
500 Merrimack St
Lawrence, MA 01843

Merrimack Valley Credit Union is headquartered in Lawrence and is the 5th largest credit union in the state of Massachusetts. It is also the 196th largest credit union in the nation. It was established in 1955 and as of June of 2023, it had grown to 307 employees and 116,725 members at 19 locations. Merrimack Valley Credit Union's money market rates are 11X 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 Massachusetts counties of Barnstable, Bristol, Essex, Middlesex, Norfolk, Plymouth, Suffolk, or Worcester; the New Hampshire counties of Hillsborough, or Rockingham; the Rhode Island counties of Kent or Providence. 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 - YTD1.88%
Annual Interest Income$25.8MM
Assets and Liabilities
AssetsQ2 2023vs Q2 2022$2.30B$1.29B
LoansQ2 2023vs Q2 2022$1.49B$861.7MM
DepositsQ2 2023vs Q2 2022$2.07B$1.16B
Equity CapitalQ2 2023vs Q2 2022$172.9MM$86.2MM
Loan Loss AllowanceQ2 2023vs Q2 2022$0$8.4MM
Unbacked Noncurrent LoansQ2 2023vs Q2 2022$3.8MM$3.5MM
Real Estate OwnedQ2 2023vs Q2 2022$0$0
Report an Issue

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

3.00%*$50k*-High Yield Savings
OTHER TIERS: 2.00% Up to $50k
1.00%*-$25kKasasa Saver
OTHER TIERS: 0.20% $25k+
0.20%--Holiday Club
0.20%--Premium Share
0.20%--Vacation Club
0.20%--Back to School Club
0.10%$5-Main Share
0.10%--Share Savings
0.10%--IRA Savings
0.10%$5-Business Main Share

Merrimack Valley Credit Union Money Market Rates

5.00%*$100k*-Business Money Market
OTHER TIERS: 0.25% Up to $1k | 0.50% $1k - $10k | 0.75% $10k - $25k | 1.00% $25k - $50k | 1.50% $50k - $100k
5.00%*$1m*-Money Market Account
OTHER TIERS: 0.25% Up to $25k | 0.50% $25k - $50k | 0.75% $50k - $100k | 1.00% $100k - $250k | 1.50% $250k - $1m

Merrimack Valley Credit Union Checking Account Rates

2.00%*-$10kKasasa Cash
OTHER TIERS: 0.20% $10k+
0.25%$25-Business Interest Bearing Checking

Merrimack Valley Credit Union CD Rates

5.00%$15k-9 Month CD Special - New Money
4.50%$500-12 Month CD
4.50%$50k-12 Month CD Premium
4.25%$500-18 Month CD
4.25%$50k-18 Month CD Premium
2.10%$50k-24 Month CD Premium
2.00%$500-24 Month CD
1.15%$50k-36 Month CD Premium
1.05%$500-36 Month CD
1.00%$50k-60 Month CD Premium
0.95%$50k-48 Month CD Premium
0.90%$500-60 Month CD
0.85%$500-48 Month CD
0.35%$50k-6 Month CD Premium
0.30%$1k-6 Month CD
0.15%$50k-3 Month CD Premium
0.10%$1k-3 Month CD

Merrimack Valley Credit Union IRA Rates

5.00%$15k-9 Month IRA Special - New money
4.50%$500-12 Month IRA
4.50%$50k-12 Month IRA Premium
4.25%$500-18 Month IRA
4.25%$50k-18 Month IRA Premium
2.10%$50k-24 Month IRA Premium
2.00%$500-24 Month IRA
1.15%$50k-36 Month IRA Premium
1.05%$500-36 Month IRA
1.00%$50k-60 Month IRA Premium
0.95%$50k-48 Month IRA Premium
0.90%$500-60 Month IRA
0.85%$500-48 Month IRA
0.35%$50k-6 Month IRA Premium
0.30%$1k-6 Month IRA
0.15%$50k-3 Month IRA Premium
0.10%$1k-3 Month IRA


The financial institution, product, and APY (Annual Percentage Yield) data displayed on this website is gathered from various sources and may not reflect all of the offers available in your region. Although we strive to provide the most accurate data possible, we cannot guarantee its accuracy. The content displayed is for general information purposes only; always verify account details and availability with the financial institution before opening an account. Contact [email protected] to report inaccurate info or to request offers be included in this website. We are not affiliated with the financial institutions included in this website.