MERRIMACK VALLEY

Headquarters

500 MERRIMACK ST
Lawrence, MA 01843
See all branch locations →

Notable Rates APY Vs.Others
Savings N.A. 0.91% →
1-Year CD N.A. 0.85% →
2-Year CD N.A. 0.95% →
5-Year CD N.A. 1.30% →
30-Year Mortgage N.A. 2.61% →
15-Year Mortgage N.A. 2.31% →
HELOC N.A. 2.79% →

2020 Overview

General Credit Union Information

Merrimack Valley is an NCUA insured institution located in Lawrence, MA. It was founded in 1955 and has approximately $616.62 millions in assets.

Who can join?

If you live, work, worship or attend school in the Merrimack Valley area then you are eligible to join Merrimack Valley Federal Credit Union. If you work for an eligible business or other legal entity in the area, then you are also able to join.

NCUA Insured Yes
Charter Number # # 10066
Date Established 1955
Assets $616.62 million
Loans $389.10 million
Deposits $542.34 million
Capital $65.45 million
 

Field of Membership Restrictions

Membership is open to those who live, work, worship or attend school in the Merrimack Valley area (select areas of New Hampshire or Massachusetts). Membership is also open to employees of select organizations and to immediate family of existing members.

Deposit Rates - November 26, 2020

Your Current Location: Virginia, VA 20146

We do not yet have rates for Merrimack Valley

We're working to get deposit rates for every credit union in the world. Please bare with us until we are able to get rates for this credit union.

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Note to Merrimack Valley
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Advertiser Disclosure

Loan Rates - November 26, 2020

Your Current Location: Virginia, VA 20146

There are currently no loan rates available for MERRIMACK VALLEY

Please contact the bank for questions about their loan products. In the meantime you may wish to consider these offerings:



Featured - Virginia 30 Year Fixed Mortgage Rates 2020

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
First Internet Bank
NMLS ID: 424182
2.567% 2.500% 0.88 $2,200 $988 Learn More
AmeriSave Mortgage Corporation
NMLS ID: 1168
2.682% 2.625% 0.50 $1,860 $1,005 Learn More

Featured - Virginia Home Equity Line Of Credit Rates 2020

Lender APR (%)? Monthly Payment? Learn More
Third Federal Savings and Loans
Third Federal Savings and Loans
See Table
2.240 %
$0 Learn More
More Info

Note to MERRIMACK VALLEY
To upload and update your bank's rates please register. It is free to register and add rates.


 

Branches

Below are Merrimack Valley 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


Merrimack Valley Locations


Financial Details

Merrimack Valley Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Merrimack Valley. 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
Merrimack Valley U.S. Average
2.71% 6.71

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 30, 2020, Merrimack Valley had $1,785,382 in non-current loans and $36,408 in owned assets. To cover these potential losses it had $65,448,020 in net worth and $1,830,805 in loans loss reserves. That gives it a Texas Ratio of 2.71%.

Net Worth
Merrimack Valley U.S. Average
10.61% 13.61%

Merrimack Valley FCU has a net worth of 10.61% versus the BestCashCow average of 13.61. Net worth measures how much total assets exceed total liabilities. The higher the net worth number the more secure a credit union is considered.

Frequently Asked Questions About Merrimack Valley

Branches and Savings

What is Merrimack Valley?

A federal credit union, registered with the NCUA under certificate #10066.
Learn more about credit unions here.

Is Merrimack Valley FDIC insured?

No, credit unions are not insured by the FDIC. They are insured by the National Credit Union Administration. The insurance provisions of the NCUA are similar to, but not identical to, FDIC insurance.

Who can join Merrimack Valley?

Please see Field of Membership information above for information on who is eligible to join.

What are Merrimack Valley's share account and share certificate rates?

Merrimack Valley's deposit account rates are listed above.
You may find better online savings rates here or better local savings rates at banks or credit unions. Tables with the best CD rates are here.

How big is Merrimack Valley?

Merrimack Valley has total capital of $65.45 million. Full information on Merrimack Valley's financial position is located above.

Who owns Merrimack Valley?

Credit Unions are owned by their members.

Where are Merrimack Valley branches located?

See branch locations nearby.

Are Merrimack Valley ATMs Open 24/7?

Do Merrimack Valley ATMs accept cash deposits?

Can Merrimack Valley customers use other ATMs? What is the charge for withdrawing money from another ATM?

Does Merrimack Valley have a mobile app?

Does Merrimack Valley have mobile deposit?

Does Merrimack Valley have quick pay?

How can Merrimack Valley transfer money to other banks or credit unions?

Does Merrimack Valley report to credit bureaus?

Does Merrimack Valley use Chexsystems?

Does Merrimack Valley use Equifax?

What is Merrimack Valley's toll free phone number?

What is Merrimack Valley's ACH Routing Number?

What is Merrimack Valley's SWIFT code?

Where can I find Merrimack Valley's wire transfer form?

What is the Merrimack Valley address for deposits?

What Products Does Merrimack Valley Offer

Does Merrimack Valley offer mortgages?

Compare mortgage rates here.

Does Merrimack Valley offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Merrimack Valley offer auto and RV loans?

Compare auto loan rates here.

Does Merrimack Valley offer student loans or personal loans?

Compare personal loan rates here.

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