River Works Credit Union
Popular Accounts at this Credit Union
| APY | ACCOUNT TYPE | ACCOUNT NAME |
|---|---|---|
| 1.65% | 5-year CD | 60 Month CD 2.50% - Ally Bank High Yield 5 Year CD |
| 0.65% | 1-year CD | 12 Month CD |
| 0.15% | Savings | Share Savings Account |
River Works Credit Union is headquartered in Lynn and is the 54th largest credit union in the state of Massachusetts. It is also the 1,544th largest credit union in the nation. It was established in 1936 and as of December of 2017, it had grown to 21 employees and 6,121 members at 3 locations. River Works Credit Union's money market rates are 36% higher than the national average, and it has an A health rating.
Field of Membership Restrictions
Membership is open to those who live or work in Middlesex, Essex, and Suffolk Counties; current, future and former employees of General Electric Company in Lynn, Massachusetts and its affiliates (Electric Insurance, G.E. Apparatus Service Center, Butler Services, G.E. Corporate Supply, Fitness System inc., Belcan Corporation); employees, regular members and registered apprentices of IBEW Locals 103, 104, and 223.
See current membership details
Related Posts
Data as of Q4 2017
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 66346 |
| Year Chartered | 1936 |
| Employees | 21 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.22% |
| Return on Equity - YTD | 1.67% |
| Annual Interest Income | $4.0MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q4 2017vs Q4 2016 | $106.4MM$107.2MM |
| Loans | Q4 2017vs Q4 2016 | $57.3MM$75.0MM |
| Deposits | Q4 2017vs Q4 2016 | $90.6MM$88.7MM |
| Equity Capital | Q4 2017vs Q4 2016 | $13.9MM$13.7MM |
| Loan Loss Allowance | Q4 2017vs Q4 2016 | $561.00K$918.00K |
| Unbacked Noncurrent Loans | Q4 2017vs Q4 2016 | $808.00K$800.00K |
| Real Estate Owned | Q4 2017vs Q4 2016 | $0$0 |
Always verify rates and promotions with the bank or credit union. We are not River Works Credit Union; we are a rate comparison website and cannot provide official rates or promotions.
* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.
River Works Credit Union Savings Account Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 0.30% | $25 | - | IRA Accumulator | |
| 0.15% | $25 | - | Share Savings Account | |
| 0.15% | $25 | - | Holiday Club | |
| 0.15% | $25 | - | Fuel Club | |
| 0.15% | $25 | - | Vacation Club |
River Works Credit Union Money Market Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
|---|---|---|---|---|---|
| 0.60%* | $100k* | - | Money Market Account | ||
| OTHER TIERS: 0.15% → $1,500 - $25k | 0.40% → $25k - $75k | 0.50% → $75k - $100k | |||||
River Works Credit Union Checking Account Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
|---|---|---|---|---|---|
| 0.20%* | $10k* | - | Preferred Checking | ||
| OTHER TIERS: 0.05% → $500 - $2,500 | 0.10% → $2,500 - $5k | 0.15% → $5k - $10k | |||||
River Works Credit Union CD Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 1.65% | $500 | - | 60 Month CD | |
| 1.25% | $500 | - | 48 Month CD | |
| 1.10% | $500 | - | 36 Month CD | |
| 0.95% | $500 | - | 24 Month CD | |
| 0.80% | $500 | - | 18 Month CD | |
| 0.65% | $500 | - | 12 Month CD | |
| 0.40% | $500 | - | 6 Month CD | |
| 0.25% | $500 | - | 3 Month CD |
River Works Credit Union IRA Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 1.45% | $25k | - | 48 Month IRA | |
| 1.30% | $500 | - | 36 Month IRA | |
| 0.95% | $500 | - | 24 Month IRA | |
| 0.90% | $500 | - | 18 Month IRA |
| River Works Credit Union Locations | ||
|---|---|---|
| Branch Office | 947 Western Ave | Lynn, MA 01905-2640 |
| Branch Office | 256 Freeport St | Dorchester, MA 02122-2845 |
| Corporate Office | 493 Somerville Ave | Somerville, MA 02143 |