River Works Credit Union
Popular Accounts at this Credit Union
| APY | ACCOUNT TYPE | HOW THEY COMPARE |
|---|---|---|
| 2.80% | 5-year CD | 3.10% - Barclays 60 Month Online CD |
| 1.90% | 1-year CD | 2.75% - Barclays 12 Month Online CD |
| 0.15% | Savings | 0.27% - National Average |
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.
See current membership details
Related Posts
Data as of Q4 2018
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 66346 |
| Year Chartered | 1936 |
| Employees | 21 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.19% |
| Return on Equity - YTD | 1.37% |
| Annual Interest Income | $4.0MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q4 2018vs Q4 2017 | $102.8MM$106.4MM |
| Loans | Q4 2018vs Q4 2017 | $63.3MM$57.3MM |
| Deposits | Q4 2018vs Q4 2017 | $87.1MM$90.6MM |
| Equity Capital | Q4 2018vs Q4 2017 | $14.1MM$13.9MM |
| Loan Loss Allowance | Q4 2018vs Q4 2017 | $419.00K$561.00K |
| Unbacked Noncurrent Loans | Q4 2018vs Q4 2017 | $256.00K$808.00K |
| Real Estate Owned | Q4 2018vs Q4 2017 | $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 | |
|---|---|---|---|---|---|
| 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
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
|---|---|---|---|---|---|
| 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
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 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
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 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 Office | 947 Western Ave | Lynn, MA 01905-2640 |
| Branch Office | 256 Freeport St | Dorchester, MA 02122-2845 |