Merck Employees Federal Credit Union

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A short history of Merck Employees FCU

Since its inception in 1936 the Merck Employees Federal Credit Union has been serving its members in the RAHWAY, New Jersey area with exceptional financial products. You can find their current interest rates on used car loans, new car loans, 1st mortgage loans and interest rates on both fixed and adjustable mortgages here on these pages. Currently led by RAYMOND DEL NERO, the Merck Employees FCU has grown its membership to over 25,594 with assets of more than $1,995,149,252. They have a main office and 5 branch offices. Please see the credit unions website or contact them by phone at (732) 594-3317 or email them at MERCK.EFCU@MERCK.COM to get exact details . There are many other credit unions in the local area. See them all here. Credit Unions in RAHWAY, NJ.

General Information For Merck Employees FCU was taken from their 6/30/2017 quarterly report, which is the most current available public information.

Charter Number 1454
Address 126 E LINCOLN AVE 
City RAHWAY 
State New Jersey 
Zip-Code 07065
Phone Number (732) 594-3317
Fax Number () -
Email Address: MERCK.EFCU@MERCK.COM
CEO/President RAYMOND DEL NERO
Members 25,594 
Full-Time Employees 23 
Part-Time Employees
Number of Branch Offices
Total Assets 1,995,149,252 
Website http://WWW.MERCKCU.COM 

Compare Merck Employees Federal Credit Union To Other Local Credit Unions


Credit Union Name
Branch Name
Address
Zip Code
Phone Number
ATM Access
Distance (Miles)
Aspire CU Clark - New Jersey 67 Walnut Ave 07066 (732) 388-0477 No 1.76
Linden Nj Police & Firemen CU MAIN OFFICE - FIREHOUSE 300 W SAINT GEORGES AVE 07036 (908) 486-7249 No 1.82
Motion CU Wood Av 360 N Wood Ave 07036 (908) 862-6966 No 2.08
United Investors CU United Investors FCU 16 W Elizabeth Ave 07036 (908) 862-5566 No 2.10
Community Financial Services CU Main 149 Saint George Ave 07203 (908) 245-1650 No 2.32

Merck Employees Federal Credit Union Financial Performance Charts


Performance Charts

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Financial Data


Merck Employees Federal Credit Union Lowest Loan Rates With State and USA Rankings

Unsecured Credit Card New Car Loans Used Car Loans 1st Mortgage Loans Other Real Estate
Rate 8.76 4.00 4.25 3.78 3.75
Mean Rate For All USA Based Credit Unions 10.56 3.72 5.00 4.48 4.95
Rank Among All USA Credit Unions 140 282 231 106 74
Rank Among All New Jersey Credit Unions 14 40 33 12 7

Merck Employees Federal Credit Union Highest Deposit Rates With State and USA Rankings

Checking Regular Savings Money Market Certificates of Deposits IRA/KEOGH
Rate 0.25 0.88 N/A N/A 2.13
Mean Rate For All USA Based Credit Unions 0.19 0.26 0.29 0.73 0.66
Rank Among All USA Credit Unions 95 42 N/A N/A 38
Rank Among All New Jersey Credit Unions 2 13 N/A N/A 3
Merck Employees Federal Credit Union Loans and Leases

Interest Rate Number of Loans Amount
Unsecured Credit Card Loans 8.7608,96311,491,417
All Other Unsecured Loans/Lines of Credit 12.0004422,962,185
Short-Term, Small Amount Loans (STS) (Federal CU Only) 0.00000
Non-Federally Guaranteed Student Loans 0.00000
New Vehicle Loans 4.0001381,993,196
Used Vehicle Loans 4.2502782,475,625
Total 1st Mortgage Real Estate Loans/Lines of Credit 3.780662116,457,183
Total Other Real Estate Loans/Lines of Credit 3.7501,04135,647,347
Leases Receivable 0.00000
Total All Other Loans/Lines of Credit 3.750811,099,776
TOTAL LOANS & LEASES 11,605172,126,729

Merck Employees Federal Credit Union Real Estate Loans and Lines of Credit

REAL STATE LOANS FIRST MORTGAGE

No. of Loans Outstanding Amt of Loans Outstanding No. of Loans Granted Year- to-Date Amount Granted Year-To-Date
Fixed Rate
    a. > 15 years 35278,361,202102,053,350
    b. 15 Years or less 30937,881,43800
Balloon/Hybrid
    a. > 15 years 0000
    b. 15 Years or less 1214,54300
Other Fixed Rate 0000
Adjustable Rate 1 yr or less 0000
Adjustable Rate > 1 yr 0000

OTHER REAL ESTATE

Closed-End Fixed Rate 19449,087270,000
Closed-End Adjustable Rate 252,027,97800
Open-End Adjustable Rate 99733,170,2823483,267,924
Open-End Fixed Rate 0000
TOTALS 1,703152,104,5303605,391,274

MISCELLANEOUS REAL ESTATE LOANS/LINES OF CREDIT INFORMATION

Interest Only & Payment Option 1st Mortgage Loans 000
Interest Only & Payment Option Other RE/LOC Loans 000
REVERSE MORTGAGES
    a. Federally Insured Home Equity Conversion Mortgage (HECM) 0000
    b. Proprietary Reverse Mortgage Products 0000

Merck Employees Federal Credit Union Member Offerings
First Time Homebuyer Program No
Real Estate Loans Yes
Pay Day Lending No
Share Secured Credit Cards Yes
Overdraft Protection/Courtesy Pay No
Overdraft Lines of Credit No
ATM/Debit Card Program Yes
Interest Only and Payment Option 1st Mortgage Loans No
Check Cashing No
Money Orders Yes
No Surcharge ATMs Yes
Home Banking Via Internet Website Yes