River Works Credit Union is headquartered in Lynn and is the 48th largest credit union in the state of Massachusetts. It is also the 1,400th largest credit union in the nation. It was established in 1936 and as of March of 2025, it had grown to 23 employees and 5,430 members at 3 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 | 0.49% |
Return on Equity - YTD | 4.74% |
Annual Interest Income | $2.1MM |
Assets and Liabilities | ||
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Assets | Q1 2025vs Q1 2024 | $170.3MM$130.7MM |
Loans | Q1 2025vs Q1 2024 | $131.4MM$102.6MM |
Deposits | Q1 2025vs Q1 2024 | $151.6MM$112.7MM |
Equity Capital | Q1 2025vs Q1 2024 | $16.7MM$16.3MM |
Loan Loss Allowance | Q1 2025vs Q1 2024 | $209K$226K |
Unbacked Noncurrent Loans | Q1 2025vs Q1 2024 | $730K$177K |
Real Estate Owned | Q1 2025vs Q1 2024 | $0$0 |
Sorry, we do not have rate data for River Works Credit Union.
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 |
Branch Office | 24 Broadway RT1 South | Lynnfield, MA 01940 |
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