Merrimack Valley Federal Credit Union
Headquarters
500 Merrimack St
Lawrence, MA 01843
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2024 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 / Federally Chartered |
| 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 - April 23, 2024
Your Current Location: Ohio, OH 43085
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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Loan Rates - April 23, 2024
Your Current Location: Ohio, OH 43085
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 - Ohio 30 Year Fixed Mortgage Rates 2024
| Lender | APR | Rate (%) | Points | Fees | Monthly Payment |
Learn More |
|---|---|---|---|---|---|---|
NMLS ID: 401822 |
6.932% | 6.750% | 0.88 | $6,000 | $2,076 | Learn More |
NMLS ID: 2059741 |
6.994% | 6.875% | 0.63 | $3,885 | $2,103 | Learn More |
NMLS ID: 3030 |
7.451% | 7.375% | 0.75 | $2,400 | $2,211 | Learn More |
NMLS ID: Not a Lender |
Learn More |
Featured - Ohio Home Equity Line Of Credit Rates 2024
| Lender | APR (%)? | Monthly Payment? | Learn More |
|---|---|---|---|
Third Federal Savings and Loan See Table |
7.490 %
|
$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:
Columbus,Ohio
Climate Policy and Initiatives
MERRIMACK VALLEY is encouraged to provide us with this information. When we receive this information from the credit union, we will provide it here.
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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% | 6.97 |
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 December 31, 2023, 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% | 13.62% |
Merrimack Valley FCU has a net worth of 10.61% versus the BestCashCow average of 13.62. Net worth measures how much total assets exceed total liabilities. The higher the net worth number the more secure a credit union is considered.
Customer Reviews for Merrimack Valley
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