Merritt Federal Credit Union

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A short history of Merritt FCU

Since its inception in 1941 the Merritt Federal Credit Union has been serving its members in the WILTON, Connecticut 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 Diane Heggland, the Merritt FCU has grown its membership to over 2,357 with assets of more than $13,063,495. They have a main office and 1 branch offices. Please see the credit unions website or contact them by phone at (203) 210-7585 or email them at to get exact details . There are many other credit unions in the local area. See them all here. Credit Unions in WILTON, CT.

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

Charter Number 4303
Address 3 DANBURY RD 
State Connecticut 
Zip-Code 06897
Phone Number (203) 210-7585
Fax Number (203) 210-7587
Email Address:
CEO/President Diane Heggland
Members 2,357 
Full-Time Employees
Part-Time Employees
Number of Branch Offices
Total Assets 13,063,495 

Compare Merritt Federal Credit Union To Other Local Credit Unions

Credit Union Name
Branch Name
Zip Code
Phone Number
ATM Access
Distance (Miles)
Tri-town Teachers CU CU Office 61 Jesup Rd 06880 (203) 227-8511 No 6.45
Norwalk Hospital CU Norwalk Hospital Credit Union, Inc 31 1/2 Stevens St 06850 (203) 857-4530 No 6.92
Cornerstone Community CU Stamford 242 Hope St 06906 (203) 324-2144 No 10.60
Consolidated Controls Corp. CU MAIN OFFICE 15 DURANT AVE 06801 (203) 796-6324 No 11.51
Faith Tabernacle Baptist CU Faith Tabernacle Church 29 Grove St 06901 (203) 348-8755 No 11.71

Merritt Federal Credit Union Financial Performance Charts

Performance Charts

Website Image

Financial Data

Merritt 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 12.00 3.74 4.97 4.36 4.10
Mean Rate For All USA Based Credit Unions 10.56 3.72 5.00 4.48 4.95
Rank Among All USA Credit Unions 411 242 321 188 113
Rank Among All Connecticut Credit Unions 23 33 36 22 16

Merritt Federal Credit Union Highest Deposit Rates With State and USA Rankings

Checking Regular Savings Money Market Certificates of Deposits IRA/KEOGH
Rate N/A 0.05 N/A 0.31 0.40
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 143 N/A 300 243
Rank Among All Connecticut Credit Unions N/A 15 N/A 34 24
Merritt Federal Credit Union Loans and Leases

Interest Rate Number of Loans Amount
Unsecured Credit Card Loans 12.000257465,223
All Other Unsecured Loans/Lines of Credit 10.980167751,713
Short-Term, Small Amount Loans (STS) (Federal CU Only) 0.00000
Non-Federally Guaranteed Student Loans 0.00000
New Vehicle Loans 3.74043663,609
Used Vehicle Loans 4.9701271,267,893
Total 1st Mortgage Real Estate Loans/Lines of Credit 4.360343,969,390
Total Other Real Estate Loans/Lines of Credit 4.10010634,636
Leases Receivable 0.00000
Total All Other Loans/Lines of Credit 3.4001028,315
TOTAL LOANS & LEASES 6487,780,779

Merritt Federal Credit Union Real Estate Loans and Lines of Credit


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 101,244,89700
    b. 15 Years or less 151,647,2592440,000
    a. > 15 years 0000
    b. 15 Years or less 0000
Other Fixed Rate 0000
Adjustable Rate 1 yr or less 0000
Adjustable Rate > 1 yr 91,077,2342650,000


Closed-End Fixed Rate 132,10400
Closed-End Adjustable Rate 267,70400
Open-End Adjustable Rate 7534,82800
Open-End Fixed Rate 0000
TOTALS 444,604,02641,090,000


Interest Only & Payment Option 1st Mortgage Loans 91,077,234650,000
Interest Only & Payment Option Other RE/LOC Loans 7534,8270
    a. Federally Insured Home Equity Conversion Mortgage (HECM) 0000
    b. Proprietary Reverse Mortgage Products 0000

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