Merck Employees Federal Credit Union
Headquarters
126 E Lincoln Ave
Rahway, NJ 07065
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2024 Overview
General Credit Union Information
Merck Employees is an NCUA insured institution located in Rahway, NJ. It was founded in 1936 and has approximately $1903.94 millions in assets.
Who can join?
If you work(ed) for Merck & Co. Inc. or Schering Plough, Inc. or you are a direct family member (parent, sibling, child or grandchild) of someone who has, then you are eligible to join.
| NCUA Insured | Yes / Federally Chartered |
| Charter Number # | # 1454 |
| Date Established | 1936 |
| Assets | $1,903.94 million |
| Loans | $211.14 million |
| Deposits | $1,358.16 million |
| Capital | $254.12 million |
Field of Membership Restrictions
Membership in Merck Employees Federal Credit Union is open to Merck employees, and the spouse, children, siblings, parents and grandchildren of current and retired employees of Merck.
Deposit Rates - December 21, 2024
Your Current Location: Ohio, OH 43085
We do not yet have rates for Merck Employees
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Loan Rates - December 21, 2024
Your Current Location: Ohio, OH 43085
| Home Equity Rates | APR | Rate | Monthly Payment | |
|---|---|---|---|---|
| Line of Credit See Table |
5.50% | 5.50% | Varies | |
Compare with 7.24 RATE Line of Credit from Third Federal Savings and Loan
See All Home Equity Rates |
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| Auto Loan Rates | APR | Rate | Monthly Payment | |
|---|---|---|---|---|
| 3 Year | 2.75% | 2.75% | $724.28 | |
| 4 Year | 3.00% | 3.00% | $553.36 | |
| 5 Year | 3.25% | 3.25% | $452.00 |
| Refinance Mortgage Rates | APR | Rate | Monthly Payment | |
|---|---|---|---|---|
| 15 Year Fixed Conforming See Amortization Table |
6.73% | 6.63% | $2,809.58 | |
| 20 Year Fixed Conforming See Amortization Table |
7.08% | 7.00% | $2,480.96 | |
| 30 Year Fixed Conforming See Amortization Table |
7.18% | 7.13% | $2,155.90 |
| Purchase Mortgage Rates | APR | Rate | Monthly Payment | |
|---|---|---|---|---|
| 15 Year Fixed Conforming See Amortization Table |
6.73% | 6.63% | $2,809.58 | |
| 20 Year Fixed Conforming See Amortization Table |
7.08% | 7.00% | $2,480.96 | |
| 30 Year Fixed Conforming See Amortization Table |
7.18% | 7.13% | $2,155.90 | |
Compare with 6.494% APR and 6.375% 30-Year Fixed RATE from District Lending
See All Mortgage Rates |
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Monthly payments for mortgage products are based on a loan amount of $200,000. Home equity monthly payments are based on a loan amount of $50,000. Auto loan monthly payments are based on a loan amount of $25,000. Rates for each product are based on a variety of factors including credit score and loan amount. For specific requirements please check with the lender. Rates may change at any time.
Branches
Below are Merck Employees branches and locations in your neighborhood. Input a different zip code to find branches and locations for any neighborhood in the United States.
Your Location:
Columbus,Ohio
Merck Employees Locations around zip code 43085
| Branch | Distance | Map | View Lobby Hours |
|---|---|---|---|
| 437.88 | A | View Lobby Hours | |
| 464.96 | B | View Lobby Hours | |
| 465.09 | C | View Lobby Hours |
Climate Policy and Initiatives
MERCK EMPLOYEES is encouraged to provide us with this information. When we receive this information from the credit union, we will provide it here.
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Financial Details
Merck Employees Ratio Analysis
The following ratios and data are available to help you better understand the financial condition of Merck Employees. The data is provided by the NCUA. All credit unions on BestCashCow, except those specified as not NCUA-insured in the overview section above, are NCUA-insured. Depositors should be careful to remain within NCUA insurance limits.
Texas Ratio
| Merck Employees | U.S. Average |
|---|---|
| 0.53% | 5.83 |
The Texas Ratio compares the amount of loans at risk and assets repossessed with the amount a credit union has on hand to cover any losses. The closer the Texas Ratio is to 1-to-1 or 100%, the less capital and reserves a credit union has to absorb its loan losses.
As of June 30, 2024, Merck Employees had $870,966 in non-current loans and $484,022 in owned assets. To cover these potential losses it had $254,118,790 in net worth and $302,347 in loans loss reserves. That gives it a Texas Ratio of 0.53%.
Net Worth
| Merck Employees | U.S. Average |
|---|---|
| 13.35% | 13.93% |
Merck Employees FCU has a net worth of 13.35% versus the BestCashCow average of 13.93. Net worth measures how much total assets exceed total liabilities. The higher the net worth number the more secure a credit union is considered.
Customer Reviews for Merck Employees
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