Merrimack Valley CU
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Home / About MVCU
about us, MVCU, members,

Our members are our biggest inspiration!

Become a Member

about us, MVCU, members,

Our members are our biggest inspiration!

Become a Member

About MVCU

Founded in 1955, Merrimack Valley Credit Union (MVCU) is a state-chartered community credit union with over $1.2 billion in assets.  Our Corporate Office is located in Lawrence, Massachusetts.  We currently serve over 73,000 members in Massachusetts, New Hampshire and Rhode Island, offering a wide range of savings and loan products, commercial services and digital banking to meet the financial needs of our growing member base.  Our ten branches are conveniently located in Bridgewater, Fairhaven, Haverhill, Lawrence, Methuen, North Andover, Plymouth, and Quincy, Mass., and Plaistow and Seabrook, N.H. 

We are focused on serving families, individuals and businesses with the credit union philosophy of "people helping people".  We believe in giving back to the communities we serve and demonstrate our commitment through our sponsorships of non-profit organizations, employee volunteer program, and financial literacy initiatives.  

board of directors, management team, managers, senior management, ceo, executive team, MVCU

It's nice to meet you!

Our dedicated Board of Directors & Management team puts you first in all we do.

  • A Board of Directors with more than 200 years of combined experience
  • Executives who are experts in their fields so we can provide you with top-notch products and services
  • Managers who are available to help you achieve your financial goals

Meet the Team

The MVCU Story

Where we've been

1955: MVCU is founded as the Communications Workers Employee Credit Union by Union Local 1365 in North Andover, MA. The name quickly changed to Merrimack Valley Credit Union. G. Harvey Ellis was our first General Manager.

1962: We reached the $1 million in assets milestone! Duncan MacLeod is now the General Manager.

1990s: Our field of membership opened up to serve more than 200 employer groups in the Merrimack Valley as well as their family members.

2005: MVCU converted to a community charter, allowing us to serve eligible members in the Merrimack Valley. Peter J. Matthews Jr. is the President & CEO.

2007: Our Corporate Office moved to Lawrence, MA, and we have five branches.

2016: We opened our sixth branch in Seabrook, NH.

2018: MVCU became a state-chartered credit union.

2019: MVCU merged with Bridgewater Credit Union, allowing us to serve members both in the Merrimack Valley and the south-shore region of Massachusetts. John J. Howard became our President & CEO.

2020: MVCU merged with the Ocean Spray Employees Federal Credit Union, expanding our field of membership to include all Ocean Spray employees and contract growers.

2021: MVCU expanded the field of membership to include additional counties in New Hampshire, Massachusetts, and Rhode Island.

2023: MVCU merged with RTN Federal Credit Union to welcome 40,000 additional members of RTN's Select Employer Groups and community members. 

Where we are now

We are a financially sound and well-capitalized credit union.  What this means is that we can expand the products and services we offer to better fit your financial needs. Despite our growth, our passion for serving our members has never wavered. We have your best interest at heart!

Stay in the Know!


  • Merrimack Valley Credit Union’s Vice President of Retail Banking Featured on Credit Union Times Podcast

    Merrimack Valley Credit Union’s (MVCU) Vice President of Retail Banking James C. Potter is featured in the latest episode of the Credit Union Times podcast, “The Shared Accounts with CU Times.” The episode was released on the publication’s website on Friday, Feb. 16. Credit Union Times is an independent credit union publication that offers credit union leaders “strategic and tactical information necessary to run their institutions and better serve members,” according to the company’s website. The Shared Accounts with the CU Times podcast, hosted by editor-in-chief Michael Ogden, began in January 2024 and focuses on credit union branches and strategies through conversations with experts in the field.

  • Merrimack Valley Credit Union and Methuen High School Hold Annual Credit for Life Fair

    On Friday, Feb. 16, Merrimack Valley Credit Union (MVCU) and Methuen High School (MHS) teamed up for the fifth year to present the Credit for Life Fair to hundreds of graduating seniors. Credit for Life is a two-hour financial simulation held in Klimas Field House at MHS. Prior to the fair, students selected a profession that best fits their post-graduation plans and received an estimated salary. During the fair, students visited 15 different booths that represented financial decisions they would encounter as adults, such as attending community, state or private college; choosing between purchasing a car or a monthly public transit pass; and deciding whether to rent or own a home.

  • Getting Down to Business: MVCU’s COO / CFO Michael Valley

    It is easy to assume that a financial executive achieves a high-level position due to their knack with numbers. Yet, the most compelling and perhaps surprising thing about senior executives of all kinds is their thirst for knowledge. A successful leader possesses a deep understanding of their business as a whole and is constantly learning and growing to best support the team members they lead. Michael Valley, Merrimack Valley Credit Union’s (MVCU) chief financial officer and chief operating officer, is no exception.

  • MVCU’s New Executive Vice President Talks People, Passion and Purpose

    “A happy life involves much more than just satisfying yourself.” Of the many words of wisdom Nicole James—Merrimack Valley Credit Union’s (MVCU) new executive vice president, chief people officer and chief retail officer—offers, this quote most embodies the credit union philosophy of people helping people and her own passion for serving others. Her professional journey is driven by a desire to help others live their best lives and with an exciting new role at a growing credit union, she is looking forward to continuing to elevate the people around her.

  • The Nice Mr. Potter: Meet MVCU’s New Vice President of Retail

    When James C. Potter enrolled in classes at Northeastern University in 1983, he thought he would major in computer science. Like many irresolute college students, Potter was unsure of what his true career calling was and learned quickly that computer science might not be it. This “it” was not far away, though. While spending time at home during winter break, Potter and his family watched the holiday classic It’s a Wonderful Life. No, Potter was not inspired by the heartwarming journey of James Stewart’s George Bailey. Rather, it was the film’s antagonist who bore the same surname, evil banker Mr. Potter, that inspired Potter into his extensive career in the financial world.

See how we grow!