At Merck Employees Federal Credit Union, we have always made it our goal to provide the best rates to our members. We are committed to keeping your best interest as our only interest!
Deposit Rates
Deposit accounts earn dividends daily. Dividends are posted at the end of each quarter as follows:
1st Quarter (Jan-March)/Dividend Paid April 1 2nd Quarter (April-June)/Dividend Paid July 1 3rd Quarter (July-Sept)/Dividend Paid Oct. 1 4th Quarter (Oct.-Dec.)/Dividend Paid Jan. 1
Rates are subject to change on a quarterly basis, following the same schedule above, and will be updated here.
Rates are valid as of January 1, 2026
| Product | Rate | APY |
|---|---|---|
| Savings (Regular Share Acct) | 1.000% | 1.000% |
| IRA Accounts | 1.250% | 1.250% |
| E-Checking (Share Draft with e-statements) | 0.125% | 0.125% |
| Share Draft (with paper statements) | 0.000% | 0.000% |
Please note:
*The minimum balance to earn dividends on share accounts is $50.00
**The minimum balance to earn dividends on IRA accounts is $200.00
***The minimum balance to earn dividends on share draft (checking) accounts is $1.00
Vehicle Loan Rates
Rates below are the lowest rates possible for new and used automobiles, RVs, boats, and motorcycles. Other rates available based on vehicle, term and creditworthiness.
| Term | ANNUAL PERCENTAGE RATE |
|---|---|
| 24 months | 5.35% |
| 36 months | 5.35% |
| 48 months | 5.60% |
| 60 months | 5.85% |
| 72 months | 6.10% |
| 84 months | 6.35% |
Discounts available! Rate reduction of 0.25% with autopay from your credit union checking or savings account and/or 0.25% with direct deposit of $500 or more per month.
Home Equity Loans
Rates below are the lowest rates available. Quoted rates may vary.
Home Equity Line of Credit
| LOAN AMOUNT | ANNUAL PERCENTAGE RATE |
|---|---|
| $10,000 – $400,000 | 7.25%* |
*This is a variable rate revolving line of credit with a 10-year draw and a maximum 15-year payback. The rate adjusts according to the prime rate as set forth in the Wall Street Journal. For the current prime rate, please click here. Fees apply where full appraisals are required.
‡Loan and credit card rates are the lowest rates for qualified applicants, based on creditworthiness. Other restrictions may apply based on underwriting criteria. Other rates available based on vehicle, term and creditworthiness.
Fixed Rate 2nd Mortgage
| TERM | LOAN AMOUNT | ANNUAL PERCENTAGE RATE |
|---|---|---|
| 5 years (60 months) | $10,000 – $400,000 | 5.00% |
| 7 years (84 months) | $10,000 – $400,000 | 5.25% |
| 10 years (120 months) | $10,000 – $400,000 | 5.50% |
**Fees apply where full appraisals are required.
‡Loan and credit card rates are the lowest rates for qualified applicants, based on creditworthiness. Other restrictions may apply based on underwriting criteria. Other rates available based on term and creditworthiness.
Personal Loans
Rates below are the lowest rates possible. Quoted rates may vary.
Unsecured (Personal) Loans
| TERM | ANNUAL PERCENTAGE RATE |
|---|---|
| 12 months | 11.10% APR |
| 24 months | 11.35% APR |
| 36 months | 11.35% APR |
| 48 months | 11.60% APR |
| 60 months | 11.85% APR |
Discounts available! Rate reduction of 0.25% with autopay from your credit union checking or savings account and/or 0.25% with direct deposit of $500 or more per month.
‡Loan and credit card rates are the lowest rates for qualified applicants, based on creditworthiness. Other restrictions may apply based on underwriting criteria. Other rates available based on term and creditworthiness.
Share (Savings) Secured Loans
| TERM | ANNUAL PERCENTAGE RATE |
|---|---|
| 12-60 months | 3.250% APR |
| 72-120 months | 4.250% APR |
*This is a variable rate loan with the rate set at the current MEFCU share rate plus 2.25% or 3.25% depending upon term. Please note that funds in IRA accounts are excluded. Other rates available based on term and creditworthiness.
**Funds in IRAs or certificates cannot be used to secure this type of loan.
‡Loan and credit card rates are the lowest rates for qualified applicants, based on creditworthiness. Other restrictions may apply based on underwriting criteria. Other rates available based on term and creditworthiness.
Visa
| ANNUAL PERCENTAGE RATE |
|---|
| 12.00% APR |
*This is a variable rate loan product. The rate is set based on the prime rate published in the Wall Street Journal. Click here to see the current Prime Rate.
‡Loan and credit card rates are the lowest rates for qualified applicants, based on creditworthiness. Other restrictions may apply based on underwriting criteria. Other rates available based on creditworthiness.
