Merrimack Valley Credit Union Adds 15-Month Bump-Up CD


Deal Summary: 15-month Bump-Up CD, 2.20% APY, $500 minimum deposit, one-time rate increase.

Availability: Residents of six Massachusetts and one New Hampshire counties.

Merrimack Valley Credit Union (MVCU) is currently offering a 15-month Bump-Up CD earning 2.20% APY. This limited-time special requires a $500 minimum opening deposit and comes with a one-time rate increase anytime during the term.

As stated on the Fee Schedule page, the Early Closing Penalty reads as follows:

Terms over 1 Year – up to 180 days of dividends earned.

Partial withdrawals are not allowed - only an early closure.


Headquartered in Lawrence, Massachusetts, Merrimack Valley Credit Union’s field of membership (FOM) is primarily residency-based, with individuals who live, work, worship, attend school, or volunteer in any of the following locations eligible to join.

Massachusetts counties: Barnstable, Bristol, Norfolk, or Plymouth.

Massachusetts communities (Essex and Middlesex Counties): Amesbury, Andover, Boxford, Dracut, Georgetown, Groveland, Haverhill, Lawrence, Lowell, Merrimac, Methuen, Newbury, Newburyport, North Andover, Rowley, Salisbury, Tewksbury, or West Newbury.

New Hampshire communities (Rockingham County): Atkinson, Brentwood, Chester, Danville, Derry, East Kingston, Exeter, Fremont, Hampstead, Hampton, Hampton Falls, Kensington, Kingston, Londonderry, Newton, Plaistow, Salem, Sandown, Seabrook, South Hampton, or Windham.

Employees of more than 200 Select Employees Groups are also eligible to join.

Immediate family members of anyone who qualifies for membership or an existing MVCU member are also welcome to apply. “Immediate family members” is defined as any person living in the same household as the member, spouses, children, siblings, parents, grandparents, grandchildren, in-laws, and domestic partners.

Joining MVCU and/or opening a Bump-Up CD can be done online or at any of eight Massachusetts branches located in Bridgewater, Fairhaven, Haverhill, Lawrence (2), Methuen, Plymouth, and Quincy. There are also two New Hampshire branches in Plaistow and Seabrook.

To become a Credit Union Member, one must meet the Field of Membership requirements and open a main share savings account with a $5.00 minimum deposit.

MVCU members have access to more than 40,000 surcharge-free ATMs in the CO-OP and SUM networks.

Credit Union Overview

Merrimack Valley Credit Union has an overall health grade of "A" at, with a Texas Ratio of 4.80% (excellent) based on September 30, 2019 data. MVCU has an above average capitalization level (10.18%), the result of holding $1.07 billion with $109.1 million in equity. Please refer to our financial overview of Merrimack Valley Credit Union (NCUA Certificate # 68693) for more details.

Established in 1955, Merrimack Valley Credit Union was originally known as the Communications Workers Employee Credit Union, having been founded by Local 1365 of the Communications Workers of America. Within a year of opening its doors for business, the Merrimack Valley name was adopted. The FOM began to expand in the 1990s, adding a variety of employer groups through the Merrimack Valley. In late 2018, MVCU became a state-chartered credit union, which lead to a merger with Bridgewater Credit Union in February 2019. MVCU is currently the eighth largest credit union headquartered in Massachusetts, with more than 84,000 members and assets in excess of $1 billion.

How the Bump-Up CD Compares

When compared to 299 similar length-of-term CDs tracked by that require a similar minimum deposit and are available within the FOM, Merrimack Valley Credit Union’s 15-month Bump-Up CD APY currently ranks second.

These rates are accurate as of 2/28/2020.

To look for the best CD rates, both nationwide and state specific, please refer to our CD Rates Table page.

Related Pages: Boston CD rates, Providence CD rates, 1-year CD rates

Competitive CD Rates in Parts of MA & NH at Merrimack Valley Federal Credit Union

Merrimack Valley Federal Credit Union continues to offer very competitive mid-term and long-term CD rates. The best one is a 2.30% APY 5-year CD. Minimum deposit is $500. Below is a summary of all the competitive CD rates as listed in the credit union's deposit rates page as of 7/26/2012.

  • 2.30% APY 5-year CD
  • 1.90% APY 4-year CD
  • 1.65% APY 3-year CD
  • 1.30% APY 2-year CD

There was a March date at the bottom of the table so I called the credit union (800-356-0067 option 1) to confirm the rates. I was told these rates...

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Top CD Rates in MA & NH at Merrimack Valley Federal Credit Union - Local Only

Merrimack Valley Federal Credit Union has several competitive rates on its certificates. The best ones include a 2.50% APY for 5 years, 2.00% APY for 3 years and 1.50% APY for 2 years. Minimum deposit is $500. These rates are listed in the deposit rates page as of 2/28/2012.

Credit union membership is open to all persons who live, work, worship or attend school in the Merrimack Valley of Massachusetts and New Hampshire. Please refer to the credit union's Who Can Join page for more details and for a list of...

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