Merck Employees Federal Credit Union

Headquarters

126 E Lincoln Ave
Rahway, NJ 07065
See all branch locations →

Notable Rates APY Vs.Others
Savings N.A. 2.55% →
1-Year CD N.A. 2.80% →
2-Year CD N.A. 3.20% →
5-Year CD N.A. 3.65% →
30-Year Mortgage 7.18% 6.31% →
15-Year Mortgage 6.73% 5.86% →
HELOC N.A. 2.79% →

2022 Overview

General Credit Union Information

Merck Employees is an NCUA insured institution located in Rahway, NJ. It was founded in 1936 and has approximately $2446.63 millions in assets.

Who can join?

If you work(ed) for Merck & Co. Inc. or Schering Plough, Inc. or you are a direct family member (parent, sibling, child or grandchild) of someone who has, then you are eligible to join.

NCUA Insured Yes / Federally Chartered
Charter Number # # 1454
Date Established 1936
Assets $2,446.63 million
Loans $187.52 million
Deposits $2,214.88 million
Capital $257.49 million
 

Field of Membership Restrictions

Membership in Merck Employees Federal Credit Union is open to Merck employees, and the spouse, children, siblings, parents and grandchildren of current and retired employees of Merck.

Deposit Rates - August 10, 2022

Your Current Location: Virginia, VA 20146

We do not yet have rates for Merck Employees

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Note to Merck Employees
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Loan Rates - August 10, 2022

Your Current Location: Virginia, VA 20146

Home Equity Rates APR Rate Monthly Payment
Auto Loan Rates APR Rate Monthly Payment
3 Year 2.75% 2.75% $724.28
4 Year 3.00% 3.00% $553.36
5 Year 3.25% 3.25% $452.00
Refinance Mortgage Rates APR Rate Monthly Payment
Purchase Mortgage Rates APR Rate Monthly Payment

Monthly payments for mortgage products are based on a loan amount of $200,000. Home equity monthly payments are based on a loan amount of $50,000. Auto loan monthly payments are based on a loan amount of $25,000. Rates for each product are based on a variety of factors including credit score and loan amount. For specific requirements please check with the lender. Rates may change at any time.


 

Branches

Below are Merck Employees branches and locations in your neighborhood. Input a different zip code to find branches and locations for any neighborhood in the United States.

Your Location:
Ashburn,Virginia


Merck Employees Locations



Climate Initiatives

MERCK EMPLOYEES is encouraged to provide us with this information. When we receive this information from the credit union, we will provide it here.

Financial Details

Merck Employees Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Merck Employees. The data is provided by the NCUA. All credit unions on BestCashCow, except those specified as not NCUA-insured in the overview section above, are NCUA-insured. Depositors should be careful to remain within NCUA insurance limits.

Texas Ratio
Merck Employees U.S. Average
0.67% 4.75

The Texas Ratio compares the amount of loans at risk and assets repossessed with the amount a credit union has on hand to cover any losses. The closer the Texas Ratio is to 1-to-1 or 100%, the less capital and reserves a credit union has to absorb its loan losses.

As of March 31, 2022, Merck Employees had $1,253,057 in non-current loans and $484,022 in owned assets. To cover these potential losses it had $257,490,046 in net worth and $250,000 in loans loss reserves. That gives it a Texas Ratio of 0.67%.

Net Worth
Merck Employees U.S. Average
10.52% 12.28%

Merck Employees FCU has a net worth of 10.52% versus the BestCashCow average of 12.28. Net worth measures how much total assets exceed total liabilities. The higher the net worth number the more secure a credit union is considered.

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