River Works Credit Union is headquartered in Lynn and is the 55th largest credit union in the state of Massachusetts. It is also the 1,639th largest credit union in the nation. It was established in 1936 and as of September of 2020, it had grown to 23 employees and 5,752 members at 2 locations. River Works Credit Union has an A+ health rating.
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
Overall | |
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NCUA # | 66346 |
Year Chartered | 1936 |
Employees | 23 |
Primary Regulator |
Profit Margin | |
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Return on Assets - YTD | 0.16% |
Return on Equity - YTD | 1.25% |
Annual Interest Income | $2.6MM |
Assets and Liabilities | ||
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Assets | Q3 2020vs Q3 2019 | $110.2MM$103.0MM |
Loans | Q3 2020vs Q3 2019 | $64.7MM$65.5MM |
Deposits | Q3 2020vs Q3 2019 | $94.0MM$87.8MM |
Equity Capital | Q3 2020vs Q3 2019 | $14.3MM$14.1MM |
Loan Loss Allowance | Q3 2020vs Q3 2019 | $278.00K$294.00K |
Unbacked Noncurrent Loans | Q3 2020vs Q3 2019 | $197.00K$272.00K |
Real Estate Owned | Q3 2020vs Q3 2019 | $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.
APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
---|---|---|---|---|
0.30% | $25 | - | IRA Accumulator | |
0.05% | $25 | - | Share Savings Account | |
0.05% | $25 | - | Holiday Club | |
0.05% | $25 | - | Fuel Club | |
0.05% | $25 | - | Vacation Club |
APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
---|---|---|---|---|---|
0.30%* | $25k* | - | Money Market Account | ||
OTHER TIERS: 0.10% → $1.5k - $10k | 0.15% → $10k - $25k |
APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
---|---|---|---|---|---|
0.10%* | $10k* | - | Preferred Checking | ||
OTHER TIERS: 0.05% → $2.5k - $10k |
APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
---|---|---|---|---|
0.75% | $25k | - | 48 Month IRA | |
0.50% | $500 | - | 24 Month IRA | |
0.50% | $500 | - | 36 Month IRA | |
0.40% | $500 | - | 18 Month IRA |
River Works Credit Union Locations | ||
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Main Office | 947 Western Ave | Lynn, MA 01905-2640 |
Branch Office | 256 Freeport St | Dorchester, MA 02122-2845 |