Featured Savings Rates
Featured Accounts

River Works Credit Union

Popular Accounts at this Credit Union

APYACCOUNT TYPEACCOUNT NAME
1.65%5-year CD60 Month CD
0.65%1-year CD12 Month CD
0.15%SavingsShare Savings Account

Overview / Commentary
781-599-0096
947 Western Ave
Lynn, MA 01905-2640

River Works Credit Union is headquartered in Lynn and is the 53rd largest credit union in the state of Massachusetts. It is also the 1,438th largest credit union in the nation. It was established in 1936 and as of March of 2016, it had grown to 22 employees and 6,788 members at 2 locations. River Works Credit Union's money market rates are 36% 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.
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Health
A+

Health Grade Components

Overall
NCUA #66346
Year Chartered1936
Employees22
Primary Regulator
Profit Margin
Return on Assets - YTD1.11%
Return on Equity - YTD9%
Annual Interest Income$1.3MM
Assets and Liabilities
AssetsQ1 2016vs Q1 2015$114.4MM$105.6MM
LoansQ1 2016vs Q1 2015$93.3MM$79.2MM
DepositsQ1 2016vs Q1 2015$91.9MM$87.1MM
Equity CapitalQ1 2016vs Q1 2015$13.6MM$12.4MM
Loan Loss AllowanceQ1 2016vs Q1 2015$379.00K$320.00K
Unbacked Noncurrent LoansQ1 2016vs Q1 2015$223.00K$137.00K
Real Estate OwnedQ1 2016vs Q1 2015$0$48.00K
Rates
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* 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

APYMINMAXACCOUNT NAMEVIEW 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

APYMINMAXACCOUNT NAMEVIEW 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

APYMINMAXACCOUNT NAMEVIEW 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

APYMINMAXACCOUNT NAMEVIEW 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

APYMINMAXACCOUNT NAMEVIEW 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
Locations


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