Merrimack Valley Credit Union Andover MA | Affordable Vehicle Loans & Top Checking Accounts

Introduction

At Merrimack Valley, located at 362 Lowell St, Andover, MA 01810, we believe in building strong relationships with our members and providing them with the financial tools they need to thrive. Established in 1955, our commitment to community service has allowed us to grow our family to over 116,000 members who trust us with their financial journeys. While you can visit us at our branch address for personalized service, official correspondence should be directed to the same address. With total assets exceeding $2.19 billion and total deposits of $48,648,750, we are well-equipped to support your financial needs. Our dedicated team of 315 employees is here to help you navigate everything from personal banking and auto loans to business financing options. Led by CEO John Howard and Board President Domenic Mazzocco, we prioritize transparency and member satisfaction. In addition to traditional banking services, we offer modern conveniences like online and mobile banking, making it easier than ever for you to manage your finances on the go. Our net worth stands strong at $220,939,133, reflecting our commitment to maintaining a healthy financial foundation for our members. Whether you're looking for loans of which we have granted over 38,650 or simply wish to open a new account, we invite you to reach out or visit us during our lobby hours on Tuesday, Thursday, and Friday from 8:00 AM to 4:00 PM. Experience the difference with Merrimack Valley Credit Union today! For more information or assistance, call us at 781-736-9900 or visit our website at www.mvcu.com. Let's work together towards a brighter financial future!

Branch History & Mission

Join Us

As we continue to grow and evolve, we invite you to be part of our journey. Whether you're looking for personal banking options or business solutions, Merrimack Valley is here to support you every step of the way. Visit us at 362 Lowell St or reach out at 781-736-9900 for more information on how you can benefit from membership. While members can visit us at 362 Lowell St Andover Ma 01810, official correspondence should be sent to 362 Lowell St, Andover, MA 01810-4400. Together, let's build a brighter financial future! For more details on joining us or exploring our services further, please check out our website.

Our Journey

Our journey began more than six decades ago with a simple mission: to provide accessible financial services to those in our community. Over the years, we have grown significantly today boasting total assets of over $2.19 billion. This growth reflects not only our sound financial practices but also the trust our members have placed in us. While the core of our offerings has remained stable, we have adapted to meet the changing needs of our members. We pride ourselves on being at the forefront of digital banking advancements while ensuring that our services are compliant with ADA standards. Our operating hours are designed with your convenience in mind: Tuesday, Thursday, and Friday from 8:00 am to 4:00 pm.

Our Mission

At Merrimack Valley, we believe that our mission extends beyond just providing financial products. We strive to empower individuals and strengthen communities through education and support. Our goal is to foster financial wellness for every member by offering personalized solutions from checking and savings accounts to auto loans and mortgage refinancing. We understand that banking is about relationships. That's why we actively engage with local organizations and participate in community outreach initiatives. Through these partnerships, we work towards making a meaningful impact in Andover and beyond.

Branch Location & Accessibility

Convenient Access and Features

Our branch offers ample parking for those visiting in person, ensuring that you have a hassle-free experience right from the start. We are committed to accessibility and provide ADA-compliant features so everyone can comfortably access our services. We understand that your time is valuable, which is why we offer lobby hours on Tuesday, Thursday, and Friday from 8:00 am to 4:00 pm. Our dedicated team is here during these hours to assist with everything from personal banking accounts to auto loans and credit cards with rewards.

Services Tailored for You

At Merrimack Valley, we pride ourselves on offering a variety of services designed to meet your financial needs. Whether you're looking for checking and savings accounts, mortgage options, or business banking solutions, we've got you covered. While we don't currently have ATM availability or drive-thru services at this location, our team is ready to help you with online and mobile banking options that make managing your finances easier than ever. If you're interested in exploring what we have to offer or if you have any questions, please don't hesitate to reach out! You can call us at 781-736-9900. We invite you to stop by and see how we can assist you today!

Member Eligibility

At Merrimack Valley, we believe that everyone deserves a place where they feel valued and supported. Joining our community is simple and welcoming! You can become a member if you live, work, or attend school in the areas we serve, which fosters a sense of belonging and shared purpose. Whether you're looking for personal banking options or business solutions, our members enjoy the benefits of competitive rates, personalized service, and a range of financial products tailored to your needs. To explore all the eligibility details, feel free to check out our website at http://www.mvcu.com/who-can-join . Ready to take the next step? Opening an account is quick and easy just visit https://apply.mvcu.com/apply.aspx ?lenderref=mvcu101921 or give us a call at 7817369900 for any questions. We're excited to welcome you into the Merrimack Valley family!

Business Banking & Commercial Services

Loan Options Tailored for Growth

Our commitment to supporting businesses is evident, with investments in business growth through our commercial lending programs: - We've funded over $197 in commercial loans for our members, helping businesses scale and succeed. - We also support the broader business community with $50 in non-member commercial loans, providing flexible financing solutions. - With an outstanding commercial loan portfolio of $114,934,233, we continue to drive economic growth by financing new and expanding businesses.

Merchant Services That Simplify Operations

In addition to loans, we offer merchant services that help streamline your day-to-day operations. Imagine accepting payments easily through various channels while keeping track of your sales effortlessly. Our solutions enable you to focus more on what you do best running your business. Visit us at 362 Lowell St Andover Ma 01810, Andover, MA or call us at (781) 736-9900 to discover how we can support your journey toward success!

Comprehensive List Of Services

Accessibility & Convenience

We recognize that convenience matters in today's busy world. At Merrimack Valley, we offer robust online and mobile banking features so you can bank on-the-go. Whether it's transferring funds or paying bills, our platforms ensure that managing your finances is always at your fingertips. If you're ready to experience all these great services firsthand, feel free to reach out! Visit us at our branch located at 362 Lowell St, Andover, MA 01810, or give us a call at 781-736-9900 during our lobby hours: Tuesday, Thursday, and Friday from 8:00 am to 4:00 pm. We look forward to helping you achieve all your financial goals!

Business Banking

For our business members, we understand how crucial it is to have reliable financial support. That's why we offer business banking solutions such as merchant services and business loans. These services are designed to help your business thrive by providing the necessary tools for growth and success.

Credit Options

Our credit cards with rewards give you more than just purchasing power; they also allow you to earn rewards on everyday spending. You can enjoy cashback benefits or travel points that add value back into your life.

Home Financing

Buying a home is one of the biggest decisions you'll ever make. That's why our mortgage loans and refinancing services are designed to guide you through this important journey. Whether you're a first-time homebuyer or looking to refinance an existing mortgage for better rates, we're here to provide personalized support every step of the way.

Personal Banking

Starting with personal banking, we offer checking and savings accounts that cater to various lifestyles and saving goals. Imagine being able to manage your funds easily while also having access to competitive interest rates. Our online and mobile banking features make it simple for you to check balances, transfer money, or deposit checks right from your smartphone. When it comes time to purchase a vehicle, our auto loans and vehicle financing options can help turn that dream into reality. Picture yourself driving off in your new car with an affordable loan tailored just for you. With flexible terms and competitive rates, we aim to make the process as smooth as possible.

Personal Loans

For those unexpected expenses or projects you've been putting off, our personal loans and debt consolidation options can provide the financial relief you need. Imagine consolidating multiple debts into one manageable monthly payment or having extra cash for that home renovation project you've been dreaming about.

Digital & Online Banking

Key Features

Enjoy the ease of e-statements go paperless and view your statements online whenever you need them. This feature not only helps you stay organized but also contributes to a more eco-friendly approach. For those who love using their smartphones, our mobile application lets you manage your accounts right from your device. You can make mobile payments, simplifying transactions whether you're shopping or sending money to friends through our person-to-person transfers feature. Security is a top priority at Merrimack Valley. While we currently do not offer electronic signature authorization, we ensure that all your online activities are protected by robust security measures. In today's fast-paced world, having access to your finances at your fingertips is essential. With our digital banking services, you'll enjoy real-time account management, making it easier than ever to keep track of your spending and savings goals. Experience the convenience of modern banking with us! Visit https://www.mvcu.com/ today to explore all that we offer at Merrimack Valley.

Financial Strength

Commitment to Operational Efficiency

Our $0 reflects our operational efficiency, enabling us to continue offering competitive loan rates and solid financial products for our members. We also take pride in having 305 full-time employees and 10 part-time employees who are always ready to serve you with a knowledgeable, committed team.

Growing Member Base

Total Share Accounts: 232,148, showing a strong and growing member base that trusts us with their finances. Our financial strength means we can continue serving you with confidence. Whether you're saving, borrowing, or planning for the future, Merrimack Valley is your trusted partner. Visit us at 362 Lowell St Andover Ma 01810 or call (781) 736-9900 to learn more about how we can help you achieve your financial goals.

Reinvestment for Better Services

With $96,932,529 in undivided earnings, we reinvest in innovative banking tools, stronger lending options, and enhanced security measures to serve our members better. Our lending capacity supports your financial goals across various sectors with $13,146 in used auto loans and $1,583,810,130 in total loans and leases.

Secure Savings Options

Members' savings are secured through $464,195,979 in share certificates and $92,221,442 in money market shares, offering stable and rewarding financial growth opportunities. Unlike traditional banks, we prioritize our members. With non-member deposits at $1,843,093, we ensure that our resources are focused on benefiting you through better loan rates, lower fees, and exclusive perks.

Strong Financial Health

With a net worth of $220,939,133, we maintain strong financial health, allowing us to offer better rates, lower fees, and enhanced member services. Our net worth ratio of $1,009 demonstrates a solid capital foundation, ensuring that we can continue providing loans, competitive savings rates, and uninterrupted services even in uncertain economic times.

Loan Offering

Auto Loans

Looking to buy a new car? Our auto loans offer some of the lowest rates in the industry, with over $176,952,805 in used vehicle loans and $44,409,050 in new vehicle loans already helping members get on the road. Whether you're considering a brand-new model or a reliable pre-owned vehicle, we have options that can fit your budget and lifestyle.

Business Financing

For business owners, our outstanding commercial loans totaling $114,934,233 provide the capital needed to grow and expand. We aim to support local businesses by offering financing solutions that are practical and accessible.

Credit Card Loans

We also offer flexible terms on unsecured credit card loans, with a total of $17,082,682 in loans helping members manage their finances effectively. Our credit cards come with features designed to make everyday spending easier while keeping your financial health in check.

Mortgage Loans

Thinking about homeownership? Our mortgage options, including Junior Lien 1-4 Family Residential Properties loans totaling $170,913,579, make buying or refinancing simple. We provide competitive rates and flexible terms to help you secure the home you've always wanted.

Refinancing Options

If you're considering refinancing any existing loans, we have options available that could help you lower your monthly payments or access additional funds. It's worth discussing your current situation with our knowledgeable team. To learn more about how our loan offerings can benefit you or to explore eligibility options, feel free to reach out at (781) 736-9900 or visit us online at https://www.mvcu.com/ . Performance insights and financial data are sourced from the National Credit Union Administration (NCUA) at: https://www.ncua.gov , based on the latest results. At Merrimack Valley, we're here to support you every step of the way on your financial journey.

Loan Aggregator

Benefits of Using LendMesh

One of the standout features of LendMesh is its dedication to verified data. Loan offers are sourced only from legitimate financial institutions, ensuring users receive accurate and trustworthy information. Additionally, LendMesh does not prioritize lenders based on paid promotions our goal is to provide unbiased results that empower users to make informed choices. Real-time rate comparisons allow users to stay updated on current loan rates from multiple institutions. This feature is essential for those looking to secure the best possible deal tailored to their financial needs. Thousands of users trust LendMesh for loan comparisons. One member shared: "LendMesh helped me find a lower mortgage rate in minutes, saving me thousands over the loan term!" This testimonial highlights the effectiveness of the platform in helping borrowers make significant savings. Compare real-time loan offers today at LendMesh and find the best rates for your needs. Disclaimer: Loan approvals and interest rates are subject to creditworthiness, income verification, and applicable federal and state regulations. Rates may vary based on financial institution guidelines.

MERRIMACK VALLEY CREDIT UNION