Overview / Commentary
947 Western Ave
Lynn, MA 01905-2640

River Works Credit Union is headquartered in Lynn and is the 55th largest credit union in the state of Massachusetts. It is also the 1,594th largest credit union in the nation. It was established in 1936 and as of December of 2018, it had grown to 21 employees and 5,932 members at 2 locations. River Works Credit Union's money market rates are 4X 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.
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Health Grade Components

NCUA #66346
Year Chartered1936
Primary Regulator
Profit Margin
Return on Assets - YTD0.19%
Return on Equity - YTD1.37%
Annual Interest Income$4.0MM
Assets and Liabilities
AssetsQ4 2018vs Q4 2017$102.8MM$106.4MM
LoansQ4 2018vs Q4 2017$63.3MM$57.3MM
DepositsQ4 2018vs Q4 2017$87.1MM$90.6MM
Equity CapitalQ4 2018vs Q4 2017$14.1MM$13.9MM
Loan Loss AllowanceQ4 2018vs Q4 2017$419.00K$561.00K
Unbacked Noncurrent LoansQ4 2018vs Q4 2017$256.00K$808.00K
Real Estate OwnedQ4 2018vs Q4 2017$0$0
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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

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

1.85%*$100k*-Money Market Account
OTHER TIERS: 0.15% $1.5k - $25k | 1.20% $25k - $75k | 1.50% $75k - $100k

River Works Credit Union Checking Account Rates

0.20%*$10k*-Preferred Checking
OTHER TIERS: 0.05% $500 - $2.5k | 0.10% $2.5k - $5k | 0.15% $5k - $10k

River Works Credit Union CD Rates

2.80%$500-60 Month CD
2.55%$500-48 Month CD
2.35%$500-36 Month CD
2.20%$500-24 Month CD
2.05%$500-18 Month CD
1.90%$500-12 Month CD
0.40%$500-6 Month CD
0.25%$500-3 Month CD

River Works Credit Union IRA Rates

2.55%$25k-48 Month IRA
2.35%$500-36 Month IRA
2.20%$500-24 Month IRA
2.05%$500-18 Month IRA

River Works Credit Union Locations
Main Office947 Western AveLynn, MA 01905-2640
Branch Office256 Freeport StDorchester, MA 02122-2845

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