Merck Employees FCU Named in the Top 200 Healthiest Credit Unions
August 9, 2021
DepositAccounts.com, an independent and unbiased bank comparison site, recently name Merck Employees FCU in the top 200 healthiest credit unions giving it an A+ in overall financial institution health.
The article notes the credit union’s simple product line-up, low fees and minimums and overall great rates which surpass 94% of all deposit accounts. Both the savings account and IRA offer the top rates of all institutions reviewed by DepositAccounts.com.
“Merck Employees Federal Credit Union has an overall health grade of ‘A+’ at DepositAccounts.com, with a Texas Ratio of 0.35% (excellent) based on March 31, 2021 data. In the past year, MEFCU has increased its total non-brokered deposits by $316.72 million, an excellent annual growth rate of 18.32%,” said the article.
“We are pleased to be recognized for our strong financial health,” said MEFCU President Paul Gentile. “The board and credit union staff work diligently to ensure members’ funds are protected and our rates and fees are designed around the credit union philosophy of returning value back to the membership.”