# MERRIMACK VALLEY
LAWRENCE, MA · NCUA charter 10066 · asset band $500M-1B · latest filing 2018-09 · stopped filing after 2018-09 (departed; for a credit union that is almost always a merger)
Share link (named URL with a preview card): https://getbookiq.com/cu/merrimack-valley-10066

Who the members are: federal charter, community charter, organized 1955, low-income designated. 49,703 members of 700,000 potential (7.1% of the field); checking penetration 58% (share draft accounts per 100 members); loans per 100 members 24.

**Verdict on the desk:** this could be *ordinary*. Composite score 0 of 18 (one point per flag across 17 flags, capital below 7% counted twice).

## What the filing shows

| Measure | Value |
|---|---|
| Total assets | $614.2M |
| Members | 49,703 (3.8% YoY) |
| Full-time staff | 94 |
| Net worth | $66.4M |
| Net worth ratio | 10.8% (p53 of band) |
| ROA (annualized) | 0.70% (p41 of band) |
| Total delinquency | 1.07% (p88 of band) |
| Net charge-offs (annualized) | 0.21% (p23 of band) |
| Loans / shares | 75% (p26 of band) |
| Cash / assets | 7.3% |
| Borrowings / assets | 1.63% |
| Net interest margin | 2.62% (p17 of band) |
| Operating expense / assets | 2.70% (p17 of band) |
| Vehicles % of loans | 15% (p11 of band) |
| Indirect vehicle % of vehicle (all-channel basis before 2022) | 0% |
| Third-party paper % of net worth | 0% (p7 of band) |
| Vehicle delinquency | 0.53% (p55 of band) |
| Vehicle NCO | 0.27% (p20 of band) |
| Repossessed % of vehicle book | 0.12% (p82 of band) |
| Real estate % of loans | 77% |
| Credit cards % of loans | 0% |
| Unsecured % of loans | 4% |
| Commercial % of net worth | 30% |
| Core shares % of member funds | 70% |
| Certificates % of member funds | 21% |
| Average share balance | $5,813 |
| Participations bought / yr | $983,065 |
| Participations sold / yr | $0 |
| Participations outstanding | – |
| Loans outstanding per 100 members | 24% |
| Loans granted per 100 members, annualized | 9% |
| Average loan balance | $34,531 |
| Loans granted, annualized | $114.0M |

## Flags firing in the latest filing

- none

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2016-03 | 0 |  |  |
| 2016-06 | 0 |  |  |
| 2016-09 | 0 |  |  |
| 2016-12 | 0 |  |  |
| 2017-03 | 3 | net worth falling, delinquency rising, members leaving |  |
| 2017-06 | 0 |  | net worth falling, delinquency rising, members leaving |
| 2017-09 | 1 | delinquency rising |  |
| 2017-12 | 1 |  |  |
| 2018-03 | 0 |  | delinquency rising |
| 2018-06 | 0 |  |  |
| 2018-09 | 0 |  |  |

## In the news (Google News, unfiltered, newest first; check the city)

- 2025-03-24 [Merrimack Valley Credit Union and Bridgewater Credit Union finalize rebrand to BrightBridge Credit Union - CUInsight](https://news.google.com/rss/articles/CBMi3gFBVV95cUxQX0N1S05GRHp0SnNNQ1daX1dBUGs0RTRmTUZ5MWR6MXFGbG1oaU1NR2VpaUJoTnJIN1FuLUI2YkktOWt1UjlWcU80eWpjWHpsNGU4QmNyM21PekZqa0ROdDBsd3pXV1JpSTBZdUFCc0QwUTFtNDgydTRXQXZTUmY0YXpPTGtwOXU3QnZDc0k4a1BMUTJzSC1aSlJnRVd1TVBGUGNYTk9Ld0k5Vy1CTXlaRFBkZ2paN0Q0cC1HQ002LWZ6SFloV3F3NkZyM2VBdkFvSXA1YmFmX1NoTllxTHc?oc=5) · CUInsight
- 2025-03-26 [Merrimack Valley Credit Union adopts new name, following string of mergers - The Business Journals](https://news.google.com/rss/articles/CBMiqgFBVV95cUxPeW94OWc4NGtzNzZoVlV3VzdHcHYySm5MNVk1bHR1R0lsOTJXVnhMZDBvbXhULTdVOXZiRjVHWVlONWtIeVpJY3FQZUxQU1FOdjBBc25RWXBCTEVONDR5RGlKS2hKZkc0c09JVHdEcnIwaEp5MDVneGJVeWVhTmV4TGp5VG5vMkcwT2hkdjVmMGlVcm1ER1NaazRUZjlySldUQ3I3NjJ5NkNJQQ?oc=5) · The Business Journals
- 2025-03-25 [Merrimack Valley Credit Union Is Officially BrightBridge Credit Union - CUTimes](https://news.google.com/rss/articles/CBMiqAFBVV95cUxNdFo2WmptS1Y3ZXFsRU5SQ2ZlVGFncGlROHctT0E3UnJ2N3pNbjZ1ZWM5TnVGOE9HSlI2Y2dFRlZSaGdtMml5Q05DYmpsZGZLbm9QS3JUZW9VYzBrWHYxQm82SWJlNm5wZ0dYanJkUkNOTEpaQkx4RVg2M1U3eWc2eHV4VUtPZHRWcVJPZW9CN2VDWmZvXzhGOVRPNldYaEMxbThRcGdpcm4?oc=5) · CUTimes
- 2025-03-24 [It’s Official, Merrimack Valley Credit Union Now Known as BrightBridge Credit Union - WHAV](https://news.google.com/rss/articles/CBMirwFBVV95cUxOTWNuWTNZc0U4Tm5VTjNjX1JjLUVZeVJjZnNRU2JkRXJpLWFsMC1vNWdpZXR0MnYyZ3lINXpYMzJrZU0tMW9wZzNDbzdDTXphemhnMy1GeTdNYmxSbUpJSW1XQWFwUEgtUDVZb3Y5NG1hZjFjM0FaQVhEdk5zYVA4eDNQZzI2UTlqVTFjUjZzMUt5S053R1A4TV9TazgwbURzQ3pzSmRkTVVKeDlIajNz?oc=5) · WHAV
- 2020-01-10 [Credit Union Creates Multicultural Team - Business NH Magazine](https://news.google.com/rss/articles/CBMiigFBVV95cUxOWkhmcV9yeHRGZ194a25JZlJhOWxZUWlMNXliZ1JiMnNkT1M3TnRTcU43M01BUTNzLVdXZmxqakM1V01EWmZKUDdpN2Vkdk5WaXZieHJSWDBCcTFUWkV4OF82RFZLRExCV1d4MHQzMmdRbno1ZlJyd2NmcUt3bmlFOTlGeXhyQ19hWFE?oc=5) · Business NH Magazine
- 2022-12-16 [Merrimack Valley Credit Union Will Award 15 Scholarships To HS Seniors - Patch](https://news.google.com/rss/articles/CBMisgFBVV95cUxNSmgzTl9MYVhUM19RclVNRlpIRFcybUg0WmxfLTlUa1h0bjl5Rjh2d3FzY2FEME1wSW5VREo0Y1JYN0FtMFpocEx3eGtzdy1HSFNBcEZlVUpjVlRhWVZWYTI2QWJWU25LbFF4U3hTNnk3S3VtSEd4dUllTG1rOE9ONDdOVHVlRmxiQl9sa2F1UzVPaGRpRmsxcmtEOExHTHNSMWh0TGNhMW9zQ2VDaFh5MVRR?oc=5) · Patch
- 2024-12-03 [Merrimack Valley Credit Union and Cabot Boston Credit Union members approve proposed merger - CUInsight](https://news.google.com/rss/articles/CBMizAFBVV95cUxPVEViMHlXeHVMS1pmYncyNnd3ZkhkZW9ncFN5Y0JKQWNKRTRmTWdZZTdWX25pTGx2REc3N0JpNmVqaVVsdDJRZ1lKcEZ5ME1id2RucEpHYWJ2TXRPb1V4NXU0a05ULXpOWXhkaGpSMldXdU42RzFQTm1qbFk1anoxeHdESFdfTk5yQVc2R0swaGVpZ1hwNU15TmQ5Q3lGeTlKZG9JQnJ3ZUtjYV8zSnB2MHBzZmxmeDBDaWxQQlJ1SXRSdm1pN2xULTB0Q0U?oc=5) · CUInsight
- 2023-09-20 [Merrimack Valley Credit Union Team Builds Children’s Beds For Lynn-Based A Bed for Every Child - WHAV](https://news.google.com/rss/articles/CBMivwFBVV95cUxQc1pGM25OUXU4QlM4Q1pDOW94cmUzNGVOME5lYncwZzZPZ0RTQkxVVnd5aWdtd0paUWlaSlcwNW9TMHR6WGZNeFVJRUtEWlJTTWFpaEh1T1kxOVFsTGhFTUZ3MDVBR2E0RWo4aDA3bl85MzZRc2FHcUJKdWMxUDg3MnlheTc1eFFzS1dEalpTS3RLTTZ1c2l5S0ItTnpDTUVHc2NfQVFGbkJfb3JlS2l0OFVtVXNheFFJTE40THRqaw?oc=5) · WHAV

## How to verify

- Page: https://getbookiq.com/cu-intel/#cu=10066 (every cell opens its formula and NCUA account codes; the News tab is the same search)
- Latest row, JSON: https://getbookiq.com/cu-intel/data/summary.json · history: https://getbookiq.com/cu-intel/data/h/18.json (key "10066", columns cycle, assets, loans, shares, networth, nwr, roa, total_dq_pct, total_nco_pct, vehicle, veh_pct_loans, indirect, ind_pct_veh, ind_veh, ind_re, ind_comm, ind_other, ind_pct_loans, loans_n, granted_n_ytd, granted_ann, loan_pen, granted_pen, avg_loan_bal, loans_per_fte, veh_part, tp_pct_nw, veh_dq_pct, veh_nco_pct, repo_pct_veh, members_yoy, ltos, cash_pct, borrow_pct, nim_pct, opex_pct, risk_score, members, fte, cash_total, invest_sec, allowance_eff, int_income_ytd, int_exp_ytd, provision_eff_ytd, nonint_income_ytd, nonint_exp_ytd, net_income_ytd, n_flags, re_pct_loans, cc_pct_loans, comm_pct_loans, cert_pct_shares, core_pct_shares, part_buy_ann, part_sell_ann, pot_members, sh_draft_n, chk_pen, fom_pen, flags)
- Participation history: https://getbookiq.com/participation-desk/#cu=10066
- Field definitions: https://getbookiq.com/dictionary/#cu-ltos and the rest of the credit union dictionary
- Source: NCUA 5300 call report bulk files. Income fields are annualized by cycle month (Mar x4, Jun x2, Sep x4/3, Dec x1). Percentiles are within the asset band in the same quarter.

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Rendered 2026-09-10 from the desks' own data files. Full guide: https://getbookiq.com/guide