Sep, 30, 2025 — MERCK EMPLOYEES FEDERAL CREDIT UNION is a federal credit union headquartered in RAHWAY, NJ with 3 branch locations and about $1.81 billion in total assets. Opened 90 years ago in 1936, MERCK EMPLOYEES FEDERAL CREDIT UNION has about 24,317 members and employs 19 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | MERCK EMPLOYEES FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 126 E LINCOLN AVE RAHWAY, NJ 07065-4607 |
| Phone: | (732) 594-3317 |
| Fax: | |
| Website: | https://www.merckcu.com |
| Branches: | 3 branch locations |
| Members: | 24,317 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 1454 |
|---|---|
| Membership Type: | Manufacturing - All Other |
| Corporate Credit Union: | No |
| Year Opened: | 1936 |
| Last Audited: | Dec 01, 2024 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $1,808,262,266 |
| CEO/Manager: | PAUL GENTILE |
| Chairperson: | ANDREA KRYSIENSKI |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 96,771,431 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 189,844,694 |
| Unsecured Loans | 7,182,697 |
| Other Loans | 17,863,047 |
| TOTAL LOANS | 214,890,437 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -307,666 |
| Land And Building | 1,124,439 |
| Other Fixed Assets | 680,141 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 9,147,831 |
| All Other Assets | 0 |
| TOTAL ASSETS | 1,808,262,266 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 7,058,849 |
| Notes & Interest Payable | 321,000,000 |
| Accounts Payable & Other Liabilities | 4,686,186 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 115,999,506 |
| Regular shares | 720,800,638 |
| All Other Shares & Deposits | 399,101,025 |
| TOTAL SHARES & DEPOSITS | 1,235,901,169 |
| TOTAL LIABILITIES | 1,568,646,204 |
| Regular Reserve | 0 |
| Other Reserves | 58,009,342 |
| Undivided Earnings | 181,606,720 |
| TOTAL EQUITY | 239,616,062 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 1,808,262,266 |
| INCOME & EXPENSE | |
| Loan Income | 6,850,609 |
| Investment Income | 23,764,576 |
| Other Income | 146,380 |
| Total Employee Compensation & Benefits | 2,559,260 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 3,563,299 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 259,472 |
| Cost of Funds | 23,945,195 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 1,226,307 |
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