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MERCK EMPLOYEES FEDERAL CREDIT UNION

Mar, 31, 2021 — MERCK EMPLOYEES FEDERAL CREDIT UNION is a federal credit union headquartered in RAHWAY, NJ with 5 branch locations and about $2.31 billion in total assets. Opened 85 years ago in 1936, MERCK EMPLOYEES FEDERAL CREDIT UNION has about 24,938 members and employs 26 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:http://www.merckcu.com
Branches:5 branch locations
Members:24,938
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, 2020
FHLB Member:Yes
Low Income Designation:No
Assets:$2,312,034,699
CEO/Manager:PAUL GENTILE
Chairperson:JEFFREY HACK

Call Report

  • Real Estate Loans
  • Share Secured Credit Cards
  • ATM/Debit Card Program
  • Insurance/Investment Sales
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 103,888,574
TOTAL INVESTMENTS 2,022,239,391
Loans Held for Sale 0
 
 Real Estate Loans 143,455,861
 Unsecured Loans 9,055,710
 Other Loans 7,313,533
 TOTAL LOANS 159,825,104
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -307,868
 Land And Building 1,338,171
 Other Fixed Assets 513,224
 NCUSIF Deposit 14,269,242
 All Other Assets 10,268,861
  TOTAL ASSETS 2,312,034,699
LIABILITIES & CAPITAL:  
 Dividends Payable 6,015,133
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 1,932,205
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 121,315,076
 Regular shares 1,512,197,041
 All Other Shares & Deposits 412,039,337
  TOTAL SHARES & DEPOSITS 2,045,551,454
  TOTAL LIABILITIES 2,053,498,792
 Regular Reserve 15,119,400
 Other Reserves 80,938,395
 Undivided Earnings 162,478,112
  TOTAL EQUITY 258,535,907
  TOTAL LIABILITIES, SHARES, & EQUITY 2,312,034,699
INCOME & EXPENSE  
 Loan Income 1,403,360
 Investment Income 8,037,308
 Other Income 23,879
 Total Employee Compensation & Benefits 659,776
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 1,256,947
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 0
 Cost of Funds 6,028,554
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 2,102,420
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