River Works Credit Union

Overview / Commentary
947 Western Ave
Lynn, MA 01905

River Works Credit Union is headquartered in Lynn and is the 53rd largest credit union in the state of Massachusetts. It is also the 1,602nd largest credit union in the nation. It was established in 1936 and as of March of 2024, it had grown to 23 employees and 5,426 members at 3 locations. River Works Credit Union's CD rates are 68% higher than the national average, and it boasts 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


No reviews have been left for this bank yet. Be the first to review.


Health Grade Components

NCUA #66346
Year Chartered1936
Primary Regulator
Profit Margin
Return on Assets - YTD0.63%
Return on Equity - YTD4.95%
Annual Interest Income$1.6MM
Assets and Liabilities
AssetsQ1 2024vs Q1 2023$130.7MM$116MM
LoansQ1 2024vs Q1 2023$102.6MM$93.2MM
DepositsQ1 2024vs Q1 2023$112.7MM$98.2MM
Equity CapitalQ1 2024vs Q1 2023$16.3MM$15.5MM
Loan Loss AllowanceQ1 2024vs Q1 2023$226K$277K
Unbacked Noncurrent LoansQ1 2024vs Q1 2023$177K$166K
Real Estate OwnedQ1 2024vs Q1 2023$0$0
Report an Issue

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%$100-IRA Accumulator
0.05%$25-Share Savings Account
0.05%$25-Holiday Club
0.05%$25-Fuel Club
0.05%$25-Vacation Club

River Works Credit Union Money Market Rates

0.30%*$25k*-Money Market Account
OTHER TIERS: 0.10% $1.5k - $10k | 0.15% $10k - $25k

River Works Credit Union Checking Account Rates

0.10%*$10k*-Preferred Checking
OTHER TIERS: 0.05% $2.5k - $10k

River Works Credit Union CD Rates

5.38%$500-3 Month CD
5.38%$500-6 Month CD Special
2.78%$500-36 Month CD
2.78%$500-48 Month CD
2.78%$500-60 Month CD
2.02%$500-24 Month CD
2.02%$500-30 Month CD
1.76%$500-18 Month CD
1.51%$500-12 Month CD

River Works Credit Union IRA Rates

2.78%$500-36 Month IRA
2.78%$25k-48 Month IRA
2.02%$500-24 Month IRA
1.76%$500-18 Month IRA

River Works Credit Union Locations
Main Office947 Western AveLynn, MA 01905-2640
Branch Office256 Freeport StDorchester, MA 02122-2845
Branch Office24 Broadway RT1 SouthLynnfield, MA 01940

The financial institution, product, and APY (Annual Percentage Yield) data displayed on this website is gathered from various sources and may not reflect all of the offers available in your region. Although we strive to provide the most accurate data possible, we cannot guarantee its accuracy. The content displayed is for general information purposes only; always verify account details and availability with the financial institution before opening an account. Contact [email protected] to report inaccurate info or to request offers be included in this website. We are not affiliated with the financial institutions included in this website.