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.
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.
We are a well-capitalized credit union with over $100 million in net worth. 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!
The combined institution is now one of the five largest credit unions in Massachusetts. On Thursday, June 1, Merrimack Valley Credit Union (MVCU) finalized its merger with RTN Federal Credit Union. The newly merged credit union will operate under the Merrimack Valley Credit Union name until a new name is launched in late 2024. MVCU is now one of the five largest credit unions in Massachusetts with more than $2.3 billion in assets, 115,000 members and 28 branches. In March, members of MVCU and RTN voted in favor of merging the two financial organizations, clearing a major hurdle that allowed the credit unions to begin the transition into becoming one financial institution.
Each month, I grow more and more excited about the direction in which Merrimack Valley Credit Union (MVCU) is headed. I have spent the last few weeks working closely with my current and future (from RTN) MVCU teammates on our upcoming merger, and I am so proud of the incredible work our teams are doing to make this transition as smooth as possible. On Thursday, June 1, we anticipate that our merger will be final and we will officially become one credit union family. Though merging credit unions can be a challenging process, our mission to support our community remains at the forefront. As we approach Memorial Day weekend and prepare to gather with our loved ones and honor those who served, I encourage you to consider the important themes of community spirit and supporting our neighbors.
As technology and social media dominate our social interactions, making meaningful personal connections with others is becoming increasingly imperative to building a community. This rings especially true for local artists, who thrive when they have resources that can help create a supportive network with other artists. Lisa Miller-Gillespie, president of the Greater Lawrence Fellowship of the Arts, noticed this growing need for community, collaboration and connection, and organized a local festival to support artists of all ages and forms.
Who doesn’t love free money? On Thursday, May 11, Merrimack Valley Credit Union’s (MVCU) Methuen branch team visited a local supermarket to hand out free money to shoppers in celebration of the Kasasa rewards checking accounts. Methuen branch staff honored Kasasa’s superhero campaign by dressing in bright red superhero capes and heading to the Market Basket located at 70 Pleasant Valley Street in Methuen. The staff engaged with shoppers by telling them about the Kasasa rewards checking account and its incredible benefits, and then gave the shopper an envelope with a surprise cash value inside!
On Friday, April 22, MVCU teammates spent the night at Bridgewater State University to support the American Cancer Society’s annual Relay for Life fundraiser. This was the credit union’s first time participating in the Relay, and the team collectively raised $5,150 for the American Cancer Society. MVCU’s relay team was led by Team Captain Wendy Kuntz, a senior mortgage underwriter. Wendy, who has lost numerous family members and a lifelong friend to cancer, felt passionate about this cause and the opportunity to show support for those currently battling this disease.