NORTH ANDOVER, Mass.-Merrimack Valley Federal Credit Union is celebrating its 50th year in business by converting to a community charter. The credit union’s new charter will encompass all those who live, work, worship or attend school in (and businesses and other legal entities) the Merrimack Valley. The $404 million credit union already serves 43,000 members. “Now that Merrimack Valley FCU can open its doors to all individuals in the Merrimack Valley, we feel confident in our ability to make a difference in the financial futures of the families in our community,” Merrimack Valley President and CEO Peter J. Matthews, Jr., said. “With four branches throughout Massachusetts in North Andover, Haverhill and Methuen and our fifth branch opening in Plaistow, N.H., in early 2006, we are well equipped to meet the demands of our new and existing members.” The credit union also recently purchased a new corporate headquarters in Lawrence, Mass. at the Riverwalk on Merrimack Street. Merrimack Valley boasts a high member satisfaction rating, which averages 94% in an annual survey. In 2005, the institution was honored with the Massachusetts Performance Excellence Award.

Complete your profile to continue reading and get FREE access to, part of your ALM digital membership.

Your access to unlimited content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Critical information including comprehensive product and service provider listings via the Marketplace Directory, CU Careers, resources from industry leaders, webcasts, and breaking news, analysis and more with our informative Newsletters.
  • Exclusive discounts on ALM and CU Times events.
  • Access to other award-winning ALM websites including and

Already have an account?


Credit Union Times

Join Credit Union Times

Don’t miss crucial strategic and tactical information necessary to run your institution and better serve your members. Join Credit Union Times now!

  • Free unlimited access to Credit Union Times' trusted and independent team of experts for extensive industry news, conference coverage, people features, statistical analysis, and regulation and technology updates.
  • Exclusive discounts on ALM and Credit Union Times events.
  • Access to other award-winning ALM websites including and

Already have an account? Sign In Now
Join Credit Union Times

Copyright © 2023 ALM Global, LLC. All Rights Reserved.