River Works Credit Union

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A short history of River Works CU

Since its inception in 1936 the River Works Credit Union has been serving its members in the LYNN, Massachusetts area with exceptional financial products. You can find their current interest rates on used car loans, new car loans, 1st mortgage loans and interest rates on both fixed and adjustable mortgages here on these pages. Currently led by Jim Donahue, the River Works CU has grown its membership to over 6,407 with assets of more than $106,567,722. They have a main office and 2 branch offices. Please see the credit unions website or contact them by phone at (781) 599-0096 or email them at members@rwcu.com to get exact details . There are many other credit unions in the local area. See them all here. Credit Unions in LYNN, MA.

General Information For River Works CU was taken from their 6/30/2017 quarterly report, which is the most current available public information.

Charter Number 66346
Address 947 WESTERN AVE 
City LYNN 
State Massachusetts 
Zip-Code 01905
Phone Number (781) 599-0096
Fax Number (781) 596-2280
Email Address: members@rwcu.com
CEO/President Jim Donahue
Members 6,407 
Full-Time Employees 21 
Part-Time Employees
Number of Branch Offices
Total Assets 106,567,722 
Website http://www.rwcu.com 

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Phone Number
ATM Access
Distance (Miles)
Lynn Firemens CU Lynn Firemen's FCU 30 Boston St Ste 9 01904 (781) 593-8354 No 1.17
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St. Jean's CU Main office-lynn 250 maple st 01904 (781) 592-5420 No 1.54
Lynn Municipal Employees CU Lynn City Hall 3 City Hall Sq Ste 104 01901 (781) 586-6761 No 1.69
Lynn Police CU Fiserv-CUSA 4897 W Lake Park Blvd 84120 (800) 568-2872 No 1.78

River Works Credit Union Financial Performance Charts

Performance Charts

Website Image

Financial Data

River Works Credit Union Lowest Loan Rates With State and USA Rankings

Unsecured Credit Card New Car Loans Used Car Loans 1st Mortgage Loans Other Real Estate
Rate N/A 2.49 2.49 4.00 4.75
Mean Rate For All USA Based Credit Unions 10.56 3.72 5.00 4.48 4.95
Rank Among All USA Credit Unions N/A 83 51 138 200
Rank Among All Massachusetts Credit Unions N/A 25 7 35 41

River Works Credit Union Highest Deposit Rates With State and USA Rankings

Checking Regular Savings Money Market Certificates of Deposits IRA/KEOGH
Rate 0.10 0.15 0.40 1.00 1.00
Mean Rate For All USA Based Credit Unions 0.19 0.26 0.29 0.73 0.66
Rank Among All USA Credit Unions 116 119 76 174 158
Rank Among All Massachusetts Credit Unions 8 15 14 30 25
River Works Credit Union Loans and Leases

Interest Rate Number of Loans Amount
Unsecured Credit Card Loans 0.00000
All Other Unsecured Loans/Lines of Credit 10.500372942,764
Short-Term, Small Amount Loans (STS) (Federal CU Only) 0.00000
Non-Federally Guaranteed Student Loans 0.00000
New Vehicle Loans 2.49044750,747
Used Vehicle Loans 2.4907717,273,047
Total 1st Mortgage Real Estate Loans/Lines of Credit 4.00024740,603,452
Total Other Real Estate Loans/Lines of Credit 4.75022613,014,460
Leases Receivable 0.00000
Total All Other Loans/Lines of Credit 4.1501364,863
TOTAL LOANS & LEASES 1,67362,649,333

River Works Credit Union Real Estate Loans and Lines of Credit


No. of Loans Outstanding Amt of Loans Outstanding No. of Loans Granted Year- to-Date Amount Granted Year-To-Date
Fixed Rate
    a. > 15 years 325,468,28951,042,800
    b. 15 Years or less 807,355,8532475,000
    a. > 15 years 6910,554,25900
    b. 15 Years or less 0000
Other Fixed Rate 0000
Adjustable Rate 1 yr or less 0000
Adjustable Rate > 1 yr 6617,225,0513727,000


Closed-End Fixed Rate 17576,71400
Closed-End Adjustable Rate 0000
Open-End Adjustable Rate 20712,422,181142,050,600
Open-End Fixed Rate 215,56500
TOTALS 47353,617,912244,295,400


Interest Only & Payment Option 1st Mortgage Loans 000
Interest Only & Payment Option Other RE/LOC Loans 19011,796,7902,050,600
    a. Federally Insured Home Equity Conversion Mortgage (HECM) 0000
    b. Proprietary Reverse Mortgage Products 0000

River Works Credit Union Member Offerings
First Time Homebuyer Program Yes
Real Estate Loans Yes
Pay Day Lending No
Share Secured Credit Cards No
Overdraft Protection/Courtesy Pay No
Overdraft Lines of Credit Yes
ATM/Debit Card Program Yes
Interest Only and Payment Option 1st Mortgage Loans Yes
Check Cashing Yes
Money Orders Yes
No Surcharge ATMs No
Home Banking Via Internet Website Yes