Merrimack Valley Federal Credit Union

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A short history of Merrimack Valley FCU

Since its inception in 1955 the Merrimack Valley Federal Credit Union has been serving its members in the LAWRENCE, Massachusetts 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 Peter Matthews, the Merrimack Valley FCU has grown its membership to over 47,629 with assets of more than $601,738,571. They have a main office and 6 branch offices. Please see the credit unions website or contact them by phone at (978) 975-4095 or email them at mail@merrimackvalleyfcu.org to get exact details . There are many other credit unions in the local area. See them all here. Credit Unions in LAWRENCE, MA.

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

Charter Number 10066
Address 500 MERRIMACK ST 
City LAWRENCE 
State Massachusetts 
Zip-Code 01843
Phone Number (978) 975-4095
Fax Number (978) 685-3297
Email Address: mail@merrimackvalleyfcu.org
CEO/President Peter Matthews
Members 47,629 
Full-Time Employees 91 
Part-Time Employees 18 
Number of Branch Offices
Total Assets 601,738,571 
Website http://www.merrimack-valley-fcu.org 

Compare Merrimack Valley Federal Credit Union To Other Local Credit Unions


Credit Union Name
Branch Name
Address
Zip Code
Phone Number
ATM Access
Distance (Miles)
Methuen Municipal Employees CU Methuen Federal Credit Union 248 Broadway 01844 (978) 686-1471 No 2.62
The Andovers CU Main Office 19C Lupine Rd 01810 (978) 475-6133 No 2.76
Nesc CU LAWRENCE BRANCH 14 AMESBURY ST 01844 (978) 687-1919 No 3.42
Tewksbury CU Main Office 752 Main St 01876 (978) 851-9750 No 6.71
Htm CU HTM Credit Union 4 Summer St Ste 3 01831 (978) 374-7386 No 7.31

Merrimack Valley Federal Credit Union Financial Performance Charts


Performance Charts

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Financial Data


Merrimack Valley 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 N/A 2.99 3.99 4.00 4.25
Mean Rate For All USA Based Credit Unions 10.56 3.72 5.00 4.48 4.95
Rank Among All USA Credit Unions N/A 145 202 138 132
Rank Among All Massachusetts Credit Unions N/A 43 44 35 28

Merrimack Valley Federal Credit Union Highest Deposit Rates With State and USA Rankings

Checking Regular Savings Money Market Certificates of Deposits IRA/KEOGH
Rate N/A 0.15 0.40 0.55 0.55
Mean Rate For All USA Based Credit Unions 0.19 0.26 0.29 0.73 0.66
Rank Among All USA Credit Unions N/A 119 76 251 219
Rank Among All Massachusetts Credit Unions N/A 15 14 49 43
Merrimack Valley Federal Credit Union Loans and Leases

Interest Rate Number of Loans Amount
Unsecured Credit Card Loans 0.00000
All Other Unsecured Loans/Lines of Credit 9.9902,34312,662,364
Short-Term, Small Amount Loans (STS) (Federal CU Only) 0.00000
Non-Federally Guaranteed Student Loans 7.0001112,793,188
New Vehicle Loans 2.9901511,893,078
Used Vehicle Loans 3.9903,66739,943,620
Total 1st Mortgage Real Estate Loans/Lines of Credit 4.0001,098181,160,536
Total Other Real Estate Loans/Lines of Credit 4.2502,05477,613,994
Leases Receivable 0.00000
Total All Other Loans/Lines of Credit 7.00082634,239,552
TOTAL LOANS & LEASES 10,250350,306,332

Merrimack Valley 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 17730,300,141347,380,255
    b. 15 Years or less 37948,840,800305,519,491
Balloon/Hybrid
    a. > 15 years 24862,793,075214,833,475
    b. 15 Years or less 16127,505,77492,245,000
Other Fixed Rate 864,185,3406430,630
Adjustable Rate 1 yr or less 5320,93200
Adjustable Rate > 1 yr 427,214,47431,064,481

OTHER REAL ESTATE

Closed-End Fixed Rate 74626,572,313814,383,107
Closed-End Adjustable Rate 0000
Open-End Adjustable Rate 1,30851,041,68113710,671,450
Open-End Fixed Rate 0000
TOTALS 3,152258,774,53032136,527,889

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

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