Founded in 1955, Merrimack Valley Credit Union (MVCU) is a state-chartered community credit union with over $2.4 billion in assets. Our Corporate Office is located in Lawrence, Massachusetts. We currently serve over 115,000 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 network of twenty-eight branches stretching from New Hampshire through Massachusetts down to Rhode Island comprise nineteen community branches and nine workplace branches.
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.
Our dedicated Board of Directors & Management team puts you first in all we do.
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.
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!
News
President & CEO John J. Howard has announced that Merrimack Valley Credit Union (MVCU) will officially change its name to BrightBridge Credit Union. The change will take effect in 2025, pending member and regulatory approval. Staff and members were recently informed about the name change, following a vote by the MVCU Board of Directors. “The Merrimack Valley Credit Union name, while strong, is very specific to one region, one part of our history. It does not reflect the many communities our family tree has served, and we continue to serve. As we work to remain responsive to the needs of current members and new generations of members, our new name will position us for growth and reflect our values and goals for the future,” said Howard in a recent letter to members.
Merrimack Valley Credit Union (MVCU) was recently ranked in Banker & Tradesman’s Fast Fifty of 2024. MVCU ranked 7th for Growth in Commercial Loan Volume and 13th for Growth in Commercial Loan Units. The list ranks the 50 fastest-growing loan providers in Massachusetts, including credit unions, banks mortgage and financial companies and other financial institutions. Compiled from data collected and analyzed by the Warren Group, the number and volume of loans from Jan. 1 through June 30, 2023 is compared against the number and volume of loans from the same timeframe in 2024.
Merrimack Valley Credit Union (MVCU) is pleased to announce the hiring of three new branch managers to oversee branches in Danvers, Quincy and Waltham. Denise Scurio will manage Danvers, Stephen Spagnolo will manage Quincy and Gregory Kennedy will manage Waltham.
Bridgewater Credit Union (BCU), a division of Merrimack Valley Credit Union, hosted a Family Fun Day at the credit union’s Hanover branch on Saturday, June 15. The state-of-the-art branch, located at 1095 Washington Street (RT 53), opened in September 2023. BCU’s Family Fun Day, a free event that welcomed all community members, kicked off the summer season with activities that attendees of all ages enjoyed, including the chance to touch and explore a Hanover Police Department police car and a Hanover Fire Department firetruck. Community members also met Lainey, the Hanover Police Department’s comfort dog and enjoyed an ice cream truck, face painting, lawn games and more.
In what feels like the blink of an eye, we are already halfway through 2024. My youngest grandson, Noah, is just a few months away from his first birthday and it reminds me each day of how important it is to pause and hold on to the important moments before they fly by. As you know, MVCU completed a conversion of our core systems earlier this month, finally – and successfully! – merging all members into unified platforms. This not only marked the final step in the merger between MVCU and RTN Federal Credit Union, but the end of twelve months of preparation and hard work by both MVCU and RTN’s talented team members.