Sep, 30, 2025 — MERCO CREDIT UNION is a federally insured state chartered credit union headquartered in MERCED, CA with 3 branch locations and about $202.89 million in total assets. Opened 60 years ago in 1966, MERCO CREDIT UNION has about 15,883 members and employs 41 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | MERCO CREDIT UNION |
|---|---|
| Address: (Main Office) | 1911 M ST MERCED, CA 95340-3706 |
| Phone: | (209) 723-4285 |
| Fax: | (209) 723-6213 |
| Website: | https://www.merco.org |
| Branches: | 3 branch locations |
| Members: | 15,883 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 64766 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1966 |
| Last Audited: | Mar 01, 2025 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $202,892,444 |
| CEO/Manager: | David W Ness |
| Chairperson: | Kent B Christensen |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 17,181,515 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 15,226,123 |
| Unsecured Loans | 9,797,769 |
| Other Loans | 100,108,002 |
| TOTAL LOANS | 125,131,895 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -3,917,353 |
| Land And Building | 2,510,219 |
| Other Fixed Assets | 358,045 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 1,689,895 |
| All Other Assets | 357,285 |
| TOTAL ASSETS | 202,892,444 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 2,281,596 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 3,500,000 |
| Share Drafts | 41,035,146 |
| Regular shares | 75,170,594 |
| All Other Shares & Deposits | 59,500,229 |
| TOTAL SHARES & DEPOSITS | 175,705,969 |
| TOTAL LIABILITIES | 181,487,565 |
| Regular Reserve | 0 |
| Other Reserves | 0 |
| Undivided Earnings | 21,404,879 |
| TOTAL EQUITY | 21,404,879 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 202,892,444 |
| INCOME & EXPENSE | |
| Loan Income | 7,813,369 |
| Investment Income | 1,748,786 |
| Other Income | 1,193,209 |
| Total Employee Compensation & Benefits | 3,096,244 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 3,266,190 |
| Non-operating Income & (Expense) | 3,245,870 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 2,571,300 |
| Cost of Funds | 1,795,687 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 3,661,572 |
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