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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!
On Wednesday, June 22, Merrimack Valley Credit Union (MVCU) awarded a total of $16,500 in scholarships to 15 high school students from New Hampshire and Massachusetts. Nina Tiani was the inaugural recipient of the Lisa Lewis Goodman Community Spirit Award of $2,500, and the other 14 recipients received $1,000 scholarships. Nine students were able to attend the scholarship presentation in person with their families, while two attended via Zoom.
Lawrence, Mass. (March 30, 2022) – For the first time since 2019, more than 200 Methuen High School seniors participated in a “Credit for Life” fair on Friday, March 25. Merrimack Valley Credit Union (MVCU) partnered with Methuen High School to present this opportunity for students to take a hands-on approach to budgeting and managing their money.
Lawrence, Mass. (March 15, 2022) – In honor of American Heart Month, Merrimack Valley Credit Union (MVCU) held a fundraiser throughout February to raise money for the American Heart Association. The MVCU branch team sold hearts for a minimum donation of $2.00 with MVCU employees also contributing, raising a total of $3,608.99.
LAWRENCE, MASS. — Merrimack Valley Credit Union (MVCU) revamped their account line up at the end of 2021 by adding two new rewards checking accounts: Kasasa Cash® and Kasasa Cash Back®. Rounding out the additions is the Kasasa Saver® account, a savings account that is paired with either of the Kasasa checking accounts. All of the new accounts are now available to new and existing members.