Sep, 30, 2025 — MERRIMACK VALLEY CREDIT UNION is a federally insured state chartered credit union headquartered in LAWRENCE, MA with 28 branch locations and about $2.19 billion in total assets. Opened 71 years ago in 1955, MERRIMACK VALLEY CREDIT UNION has about 115,027 members and employs 300 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | MERRIMACK VALLEY CREDIT UNION |
|---|---|
| Address: (Main Office) | 500 Merrimack St LAWRENCE, MA 01843 |
| Phone: | (978) 975-4095 |
| Fax: | (978) 685-3297 |
| Website: | https://www.brightbridge.com |
| Branches: | 28 branch locations |
| Members: | 115,027 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 68693 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1955 |
| Last Audited: | Dec 01, 2024 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $2,192,587,700 |
| CEO/Manager: | John J Howard |
| Chairperson: | Domenic P Mazzocco |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 80,785,685 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 1,337,518,326 |
| Unsecured Loans | 54,885,042 |
| Other Loans | 239,863,412 |
| TOTAL LOANS | 1,632,468,389 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -14,647,419 |
| Land And Building | 17,902,960 |
| Other Fixed Assets | 5,066,100 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 17,694,718 |
| All Other Assets | 9,529 |
| TOTAL ASSETS | 2,192,587,700 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 69,500,000 |
| Accounts Payable & Other Liabilities | 24,690,244 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 343,610,889 |
| Regular shares | 915,957,083 |
| All Other Shares & Deposits | 628,756,390 |
| TOTAL SHARES & DEPOSITS | 1,888,324,361 |
| TOTAL LIABILITIES | 1,982,514,605 |
| Regular Reserve | 0 |
| Other Reserves | 105,511,783 |
| Undivided Earnings | 104,561,312 |
| TOTAL EQUITY | 210,073,095 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 2,192,587,700 |
| INCOME & EXPENSE | |
| Loan Income | 66,579,291 |
| Investment Income | 10,041,949 |
| Other Income | 7,882,796 |
| Total Employee Compensation & Benefits | 29,265,683 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 24,805,045 |
| Non-operating Income & (Expense) | 16,601 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 1,450,000 |
| Cost of Funds | 26,350,168 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 6,022,370 |
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