Overview
What is Merrimack Valley Credit Union?
Merrimack Valley Credit Union is a member-owned financial institution based in Lawrence, Massachusetts, with an address at 500 Merrimack Street, 01843. It serves approximately 84,000 members and offers a wide range of loan and deposit products. The mission of this nonprofit is to provide value-added financial services, solutions, and excellent member service. With a team of 259 employees, Merrimack Valley Credit Union aims to partner with its community and members to offer various savings and loan solutions.
Official website here: www.mvcu.com
What do the Facebook reviews say about Merrimack Valley Credit Union?
84% of 76 reviewers on Facebook recommend Merrimack Valley Credit Union. Here is a summary of their reviews:
Many users highlight the exceptional customer service provided by staff members, with specific praise for Kevin Dunn, who is noted for his helpfulness and professionalism in facilitating auto purchases. Reviewers appreciate the ease of the services offered, especially the auto advisor services, which are described as efficient and hassle-free. The fact that these services come at no cost is seen as an added benefit, further enhancing customer satisfaction.
Overall, individuals express a positive sentiment towards the credit union, emphasizing the knowledgeable and approachable staff and their commitment to assisting members in their financial endeavors. This level of service appears to resonate well with many users, making Merrimack Valley Credit Union a recommended choice for potential members.
This AI summary has been generated from reviews found on Facebook.
Is Merrimack Valley Credit Union legitimate?
Merrimack Valley Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Merrimack Valley Credit Union submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $9,166,294
Professional Fundraising Fees: $0
Other Salaries and Wages: $17,972,578
For more financial information, click here
Official website here: www.mvcu.com
What is the mission statement of Merrimack Valley Credit Union?
Merrimack Valley Credit Union is a member-owned financial institution dedicated to serving its community. Its mission is to offer value-added financial products, services, and solutions, all while delivering excellent member service. With a membership base of approximately 84,000 individuals, the credit union provides a wide range of loan and deposit products. Its primary goal is to partner with members to meet their financial needs effectively. The credit union's commitment to its members extends beyond basic financial services, ensuring a comprehensive and satisfying experience.
Official website here: www.mvcu.com
Who is the CEO of Merrimack Valley Credit Union?
John Howard is the CEO of Merrimack Valley Credit Union The CEO's salary of Merrimack Valley Credit Union is $868,780 and their total compensation is $909,534.
Official website here: www.mvcu.com
What is the revenue of Merrimack Valley Credit Union?
Merrimack Valley Credit Union's revenue in 2023 was $91,376,330.
Official website here: www.mvcu.com
Who are the executives of Merrimack Valley Credit Union and what are their salaries?
The average compensation at Merrimack Valley Credit Union during 2023 was $71,607. There are 379 employees and 26 volunteers at Merrimack Valley Credit Union.
Here are 66 key members and their salaries (Merrimack Valley Credit Union's CEO's salary is $868,780 and their total compensation is $909,534):
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- Other: $8,056
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- Other: $7,320
- Compensation: $0
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- Other: $6,203
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- Other: $10,639
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $868,780
- Related: $0
- Other: $40,754
- Compensation: $498,150
- Related: $0
- Other: $32,808
- Compensation: $558,165
- Related: $0
- Other: $40,754
- Compensation: $361,818
- Related: $0
- Other: $40,754
- Compensation: $276,551
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- Other: $33,430
- Compensation: $240,374
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- Other: $18,982
- Compensation: $253,316
- Related: $0
- Other: $35,232
- Compensation: $230,308
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- Other: $21,448
- Compensation: $221,963
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- Other: $18,209
- Compensation: $222,563
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- Other: $32,933
- Compensation: $219,860
- Related: $0
- Other: $18,608
- Compensation: $204,048
- Related: $0
- Other: $38,751
- Compensation: $208,337
- Related: $0
- Other: $31,215
- Compensation: $188,025
- Related: $0
- Other: $15,112
- Compensation: $163,185
- Related: $0
- Other: $28,596
- Compensation: $157,274
- Related: $0
- Other: $28,152
- Compensation: $176,301
- Related: $0
- Other: $21,347
- Compensation: $195,251
- Related: $0
- Other: $15,125
- Compensation: $175,162
- Related: $0
- Other: $13,399
- Compensation: $192,725
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- Other: $22,451
- Compensation: $140,131
- Related: $0
- Other: $14,437
- Compensation: $175,936
- Related: $0
- Other: $36,566
- Compensation: $136,018
- Related: $0
- Other: $34,462
- Compensation: $132,856
- Related: $0
- Other: $18,309
- Compensation: $130,681
- Related: $0
- Other: $33,991
- Compensation: $144,314
- Related: $0
- Other: $11,279
- Compensation: $140,990
- Related: $0
- Other: $24,945
- Compensation: $289,419
- Related: $0
- Other: $10,241
- Compensation: $210,974
- Related: $0
- Other: $15,657
- Compensation: $145,077
- Related: $0
- Other: $20,373
- Compensation: $123,231
- Related: $0
- Other: $10,529
- Compensation: $111,004
- Related: $0
- Other: $17,952
- Compensation: $107,955
- Related: $0
- Other: $17,738
- Compensation: $98,453
- Related: $0
- Other: $17,037
- Compensation: $85,676
- Related: $0
- Other: $17,318
- Compensation: $107,557
- Related: $0
- Other: $17,187
- Compensation: $82,803
- Related: $0
- Other: $15,881
- Compensation: $85,558
- Related: $0
- Other: $20,612
- Compensation: $81,307
- Related: $0
- Other: $10,713
- Compensation: $68,532
- Related: $0
- Other: $10,158
Official website here: www.mvcu.com
Where can I find the form 990 for Merrimack Valley Credit Union?
Merrimack Valley Credit Union's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.mvcu.com
Learn more at the official website: www.mvcu.com
Mission Statement of Merrimack Valley Credit Union
Merrimack Valley Credit Union, a member-owned financial institution, is dedicated to serving its community and partnering with members to provide value-added financial products, services, and solutions. With a mission to offer excellent member service, this credit union caters to approximately 84,000 members by providing a wide variety of loan and deposit products. By focusing on its commitment to its members and community, Merrimack Valley Credit Union aims to make a positive impact on the financial well-being of its clientele.
In pursuit of its mission, Merrimack Valley Credit Union offers a diverse range of financial solutions designed to meet the unique needs of its members. Through its wide selection of loan and deposit products, the credit union empowers individuals and families to achieve their financial goals. By prioritizing member satisfaction, Merrimack Valley Credit Union distinguishes itself as a trusted financial partner, ensuring that its offerings are tailored to the specific needs of its diverse membership base.
Moreover, Merrimack Valley Credit Union is dedicated to delivering excellent member service. By fostering a strong sense of community and partnership with its members, the credit union goes beyond the traditional role of a financial institution. In doing so, Merrimack Valley Credit Union provides a personalized and supportive approach to financial services, ensuring that its members receive the care and attention they deserve. Through its unwavering commitment to its mission, Merrimack Valley Credit Union continues to make a difference in the lives of its members, helping them navigate the complexities of personal finance with confidence and ease.
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Impact
October, 2024
Merrimack Valley Credit Union has a significant impact on the community by operating as a member-owned financial institution that serves approximately 84,000 members. With a diverse range of savings and loan products, the credit union is dedicated to providing value-added financial solutions tailored to the needs of its members. Located in Lawrence, MA, its mission emphasizes community service and strong partnerships, ensuring that members receive excellent service alongside the financial products they require. Through its commitment to quality and community engagement, Merrimack Valley Credit Union plays a crucial role in enhancing financial well-being throughout the region.
This information is meant to be a general summary of Merrimack Valley Credit Union. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2023.
- Investment Income: $15,647,577
- Program Service Revenue: $75,728,753
- Gross Receipts: $230,225,906
Assets and Liabilities:
- Total Assets: $1,350,910,772
- Total Liabilities: $1,273,923,129
- Net Assets: $76,987,643
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
LOAN INTEREST FEE
Revenue
$60,354,389
FEE INCOME
Revenue
$9,994,734
OTHER OPERATING INCOME
Revenue
$5,379,630
Organization Details
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