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Employer Identification Number 04-2206928

MERRIMACK VALLEY CREDIT UNION is a USA domiciled entity or foreign entity operating in the USA. The EIN ihas been issued by the IRS

Company Name:MERRIMACK VALLEY CREDIT UNION
Employer identification number (EIN):04-2206928
EIN Issuing AuthorityBrookhaven, NY
NAIC Classification:522130
NAIC Description:Credit Unions
401k Pension/Benefits registration MERRIMACK VALLEY CREDIT UNION 401k plan information
Federal tax statusExempt from federal income tax. Registered as a non-profit under 501(c)(3) Title 26 of the United States Code

Organization Overview

Mission StatementMEMBER OWNED FINANCIAL INSTITUTION OFFERING A VARIETY OF SAVINGS AND LOAN PRODUCTS.
Number of Employees231
Number of Volunteers15
Year Formed1955

Organization Governance

Legal DomicileMA
Voting Members - Governing Body14
Voting Members - Independent14

Organization Financials

2023-12-31
Total unrelated business incomeUSD $ 0
Net unrelated business incomeUSD $ 166,681
Program Service Revenue from prior yearUSD $ 41,518,840
Program Service Revenue from current yearUSD $ 75,728,753
Investment Income from prior yearUSD $ 5,526,128
Investment Income from current yearUSD $ 15,647,577
Other Revenue from prior yearUSD $ 0
Other Revenue from current yearUSD $ 0
Gross receipts from all sourcesUSD $ 230,225,906
Net assets / fund balances at end of fiscal yearUSD $ 182,924,908
Net assets / fund balances at beginning of fiscal yearUSD $ 76,987,643
Total liabilities at end of fiscal yearUSD $ 2,060,880,432
Total liabilities at beginning of fiscal yearUSD $ 1,273,923,129
Total assets at end of fiscal yearUSD $ 2,243,805,340
Total assets at beginning of fiscal yearUSD $ 1,350,910,772
Revenues less expenses for current yearUSD $ 8,495,424
Revenues less expenses for previous yearUSD $ 6,654,411
Total expenses for current yearUSD $ 82,880,906
Total expenses for previous yearUSD $ 40,390,557
Other expenses in current yearUSD $ 31,050,428
Other expenses in previous yearUSD $ 18,395,109
Total fundraising expenses in current yearUSD $ 0
Professional fundraising fees from current yearUSD $ 0
Professional fundraising fees from previous yearUSD $ 0
Employee salary and benefits paid in current yearUSD $ 32,505,046
Employee salary and benefits paid in previous yearUSD $ 18,799,013
Benefits paid to or for members in current yearUSD $ 19,325,096
Benefits paid to or for members in previous yearUSD $ 3,195,254
Grants and similar amounts paid in current yearUSD $ 336
Grants and similar amounts paid in previous yearUSD $ 1,181
Total revenue in current fiscal yearUSD $ 91,376,330
Total revenue in previous fiscal yearUSD $ 47,044,968
Contributions and grants from current yearUSD $ 0
Contributions and grants from previous yearUSD $ 0
2022-12-31
Total unrelated business incomeUSD $ 0
Net unrelated business incomeUSD $ 119,629
Program Service Revenue from prior yearUSD $ 37,614,385
Program Service Revenue from current yearUSD $ 41,518,840
Investment Income from prior yearUSD $ 4,505,636
Investment Income from current yearUSD $ 5,526,128
Other Revenue from prior yearUSD $ 0
Other Revenue from current yearUSD $ 0
Gross receipts from all sourcesUSD $ 47,391,333
Net assets / fund balances at end of fiscal yearUSD $ 76,987,643
Net assets / fund balances at beginning of fiscal yearUSD $ 106,570,878
Total liabilities at end of fiscal yearUSD $ 1,273,923,129
Total liabilities at beginning of fiscal yearUSD $ 1,171,392,901
Total assets at end of fiscal yearUSD $ 1,350,910,772
Total assets at beginning of fiscal yearUSD $ 1,277,963,779
Revenues less expenses for current yearUSD $ 6,654,411
Revenues less expenses for previous yearUSD $ 3,118,347
Total expenses for current yearUSD $ 40,390,557
Total expenses for previous yearUSD $ 39,001,674
Other expenses in current yearUSD $ 18,395,109
Other expenses in previous yearUSD $ 18,394,812
Total fundraising expenses in current yearUSD $ 0
Professional fundraising fees from current yearUSD $ 0
Professional fundraising fees from previous yearUSD $ 0
Employee salary and benefits paid in current yearUSD $ 18,799,013
Employee salary and benefits paid in previous yearUSD $ 16,296,524
Benefits paid to or for members in current yearUSD $ 3,195,254
Benefits paid to or for members in previous yearUSD $ 4,223,338
Grants and similar amounts paid in current yearUSD $ 1,181
Grants and similar amounts paid in previous yearUSD $ 87,000
Total revenue in current fiscal yearUSD $ 47,044,968
Total revenue in previous fiscal yearUSD $ 42,120,021
Contributions and grants from current yearUSD $ 0
Contributions and grants from previous yearUSD $ 0
2021-12-31
Total unrelated business incomeUSD $ 96,025
Net unrelated business incomeUSD $ 58,804
Program Service Revenue from prior yearUSD $ 38,908,034
Program Service Revenue from current yearUSD $ 37,614,385
Investment Income from prior yearUSD $ 6,257,075
Investment Income from current yearUSD $ 4,505,636
Other Revenue from prior yearUSD $ 0
Other Revenue from current yearUSD $ 0
Gross receipts from all sourcesUSD $ 52,319,505
Net assets / fund balances at end of fiscal yearUSD $ 106,570,878
Net assets / fund balances at beginning of fiscal yearUSD $ 111,179,561
Total liabilities at end of fiscal yearUSD $ 1,171,392,901
Total liabilities at beginning of fiscal yearUSD $ 1,137,594,965
Total assets at end of fiscal yearUSD $ 1,277,963,779
Total assets at beginning of fiscal yearUSD $ 1,248,774,526
Revenues less expenses for current yearUSD $ 3,118,347
Revenues less expenses for previous yearUSD $ 1,025,258
Total expenses for current yearUSD $ 39,001,674
Total expenses for previous yearUSD $ 44,139,851
Other expenses in current yearUSD $ 18,394,812
Other expenses in previous yearUSD $ 19,861,294
Total fundraising expenses in current yearUSD $ 0
Professional fundraising fees from current yearUSD $ 0
Professional fundraising fees from previous yearUSD $ 0
Employee salary and benefits paid in current yearUSD $ 16,296,524
Employee salary and benefits paid in previous yearUSD $ 16,664,757
Benefits paid to or for members in current yearUSD $ 4,223,338
Benefits paid to or for members in previous yearUSD $ 7,461,214
Grants and similar amounts paid in current yearUSD $ 87,000
Grants and similar amounts paid in previous yearUSD $ 152,586
Total revenue in current fiscal yearUSD $ 42,120,021
Total revenue in previous fiscal yearUSD $ 45,165,109
Contributions and grants from current yearUSD $ 0
Contributions and grants from previous yearUSD $ 0
2020-12-31
Total unrelated business incomeUSD $ 188,636
Net unrelated business incomeUSD $ 67,022
Program Service Revenue from prior yearUSD $ 34,959,824
Program Service Revenue from current yearUSD $ 38,908,034
Investment Income from prior yearUSD $ 7,207,010
Investment Income from current yearUSD $ 6,257,075
Other Revenue from prior yearUSD $ 0
Other Revenue from current yearUSD $ 0
Gross receipts from all sourcesUSD $ 93,980,993
Net assets / fund balances at end of fiscal yearUSD $ 111,179,561
Net assets / fund balances at beginning of fiscal yearUSD $ 104,325,237
Total liabilities at end of fiscal yearUSD $ 1,137,594,965
Total liabilities at beginning of fiscal yearUSD $ 970,250,139
Total assets at end of fiscal yearUSD $ 1,248,774,526
Total assets at beginning of fiscal yearUSD $ 1,074,575,376
Revenues less expenses for current yearUSD $ 1,025,258
Revenues less expenses for previous yearUSD $ 3,867,880
Total expenses for current yearUSD $ 44,139,851
Total expenses for previous yearUSD $ 38,298,954
Other expenses in current yearUSD $ 19,861,294
Other expenses in previous yearUSD $ 16,473,254
Total fundraising expenses in current yearUSD $ 0
Professional fundraising fees from current yearUSD $ 0
Professional fundraising fees from previous yearUSD $ 0
Employee salary and benefits paid in current yearUSD $ 16,664,757
Employee salary and benefits paid in previous yearUSD $ 14,178,217
Benefits paid to or for members in current yearUSD $ 7,461,214
Benefits paid to or for members in previous yearUSD $ 7,522,050
Grants and similar amounts paid in current yearUSD $ 152,586
Grants and similar amounts paid in previous yearUSD $ 125,433
Total revenue in current fiscal yearUSD $ 45,165,109
Total revenue in previous fiscal yearUSD $ 42,166,834
Contributions and grants from current yearUSD $ 0
Contributions and grants from previous yearUSD $ 0
2019-12-31
Total unrelated business incomeUSD $ 135,232
Net unrelated business incomeUSD $ 29,044
Program Service Revenue from prior yearUSD $ 21,086,223
Program Service Revenue from current yearUSD $ 34,959,824
Investment Income from prior yearUSD $ 4,349,457
Investment Income from current yearUSD $ 7,207,010
Other Revenue from prior yearUSD $ 0
Other Revenue from current yearUSD $ 0
Gross receipts from all sourcesUSD $ 42,166,834
Net assets / fund balances at end of fiscal yearUSD $ 104,325,237
Net assets / fund balances at beginning of fiscal yearUSD $ 63,594,924
Total liabilities at end of fiscal yearUSD $ 970,250,139
Total liabilities at beginning of fiscal yearUSD $ 566,773,948
Total assets at end of fiscal yearUSD $ 1,074,575,376
Total assets at beginning of fiscal yearUSD $ 630,368,872
Revenues less expenses for current yearUSD $ 3,867,880
Revenues less expenses for previous yearUSD $ 4,221,420
Total expenses for current yearUSD $ 38,298,954
Total expenses for previous yearUSD $ 21,214,260
Other expenses in current yearUSD $ 16,473,254
Other expenses in previous yearUSD $ 9,139,968
Total fundraising expenses in current yearUSD $ 0
Professional fundraising fees from current yearUSD $ 0
Professional fundraising fees from previous yearUSD $ 0
Employee salary and benefits paid in current yearUSD $ 14,178,217
Employee salary and benefits paid in previous yearUSD $ 8,578,434
Benefits paid to or for members in current yearUSD $ 7,522,050
Benefits paid to or for members in previous yearUSD $ 3,389,175
Grants and similar amounts paid in current yearUSD $ 125,433
Grants and similar amounts paid in previous yearUSD $ 106,683
Total revenue in current fiscal yearUSD $ 42,166,834
Total revenue in previous fiscal yearUSD $ 25,435,680
Contributions and grants from current yearUSD $ 0
Contributions and grants from previous yearUSD $ 0

Organization Addresses

The following addresses have been detected as associated with Tax Indentification Number 042206928

USA Mailing Address
500 MERRIMACK ST
LAWRENCE
MA
018431756
Date first seen: 2015-09-24
Date last seen: 2019-07-23
USA Mailing Address
500 MERRIMACK STREET
LAWRENCE
MA
01843
Date first seen: 2008-01-01
Date last seen: 2026-02-25
USA Location Address
500 MERRIMACK STREET
LAWRENCE
MA
01843
Date first seen: 2008-01-01
Date last seen: 2024-12-31
USA Mailing Address
500 MERRIMACK STREET
LAWRENCE
MA
018431756
Date first seen: 2025-07-30
Date last seen: 2026-02-25

Nearby companies/organizations

The following companies are located in the same ZIP code areas:

EIN Change Events for MERRIMACK VALLEY CREDIT UNION

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