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
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.
On Tuesday, June 11, Merrimack Valley Credit Union (MVCU) awarded a total of $26,500 in scholarships to 18 graduating seniors from schools throughout southern New Hampshire and Massachusetts. The students were honored with a ceremony and dinner with MVCU’s senior leadership team at the credit union’s corporate office in Lawrence, Mass. Two of the scholarship awards honor members of the MVCU and former RTN Federal Credit Union community. The Lisa Lewis Goodman Community Spirit Award of $2,500 honors one student who embodies a spirit of generosity, kindness and selflessness by giving back and volunteering in the community. The award is named after MVCU’s long-time collections manager who passed away in 2021.
On Monday, June 10, Merrimack Valley Credit Union (MVCU) hosted its annual Charity Golf Classic at the Atkinson Resort & Country Club in Atkinson, N.H. The tournament, sponsored by Synergent, raised nearly $40,000 to support the credit union’s financial education programs for members and the community. MVCU’s Financial Edge, a program developed in partnership with Banzai! – a financial training organization that works with credit unions throughout the nation – funds financial education courses in schools throughout the region and offers community organizations in-person training and digital tools to enhance the knowledge and money management skills of students and adults.