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
The RTN GoodWorks Foundation, a nonprofit, public charitable foundation affiliated with Merrimack Valley Credit Union (MVCU), has made donations totaling $3,000 to five local non-profit organizations in celebration of Giving Tuesday.
Merrimack Valley Credit Union (MVCU) has donated $30,000 to Emmaus, Inc. in Haverhill, Mass. The credit union is proud to be the nonprofit’s longest running and largest partner, having donated more than half a million dollars through 30 years of support for Emmaus, Inc.
The members of Merrimack Valley Credit Union (MVCU) and Cabot Boston Credit Union (CBCU) voted in favor of merging the two financial organizations last month, following separate member votes at each organization’s corporate headquarters. MVCU will be the continuing credit union. Founded in 1955, MVCU is a state-chartered, not-for-profit, member-owned financial cooperative with more than $2.3 billion in assets and 19 retail branches that serve more than 115,000 members in Massachusetts, New Hampshire and Rhode Island. The merger will combine the resources, expertise and values of two longstanding credit unions.
Merrimack Valley Credit Union (MVCU) is proud to announce its sponsorship of 100 wreaths through Wreaths Across America in partnership with the North Andover Veterans of Foreign Wars (VFW) Post 2104. The wreaths will be placed on veterans' graves at Ridgewood Cemetery (177 Salem Street, North Andover) on Saturday, Dec. 14, to honor those who have served and sacrificed for our nation. Wreaths Across America is a national initiative dedicated to remembering fallen veterans, honoring those who serve and educating future generations about the value of freedom. MVCU's sponsorship ensures that the graves of 100 veterans at Ridgewood Cemetery will be adorned with fresh wreaths, a gesture of respect and gratitude during the holiday season.
During October and November, Merrimack Valley Credit Union (MVCU) held its annual food drive in each of its 19 retail branch locations. The drive supported organizations in locations ranging from southern New Hampshire to the south coast of Massachusetts. MVCU branches collected nonperishable food items from team members and members in celebration of the season of giving. Branch managers and their teams were encouraged to choose organizations that operate in their respective areas to have a direct impact on the communities they serve. Pantries that received donations included: