Credit union · NCUA insured
RiverWorks Credit Union
A $189.8M credit union headquartered in Lynn, MA, with 5,341 members and 3 branches in Massachusetts. Best rates: CDs 4.80% and savings 0.15% APY.
RiverWorks Credit Union Carrot Score
76
Carrot Score
Higher than 41% of U.S. banks and credit unions
#74 of 141 in Boston, MA-NH metroHow the score works →
Deposits are federally insured by the NCUA up to $250,000 per depositor.
About RiverWorks Credit Union
Established in 1936, RiverWorks Credit Union is a non-profit financial institution owned by its membership.
- Headquarters
- 947 Western Ave, Lynn, MA 01905-2640
- NCUA charter
- 66346
Membership
Who can join
This may be incomplete or out of date, so check with the credit union before you apply.
Where you live or work
- Individuals and their families who live or work in Essex County, Middlesex County, or Suffolk County are eligible for membership.
Employers and groups
- All employees of electrical contractors and organizations conducting business with the specified IBEW Union Locals are eligible to join.
- Employees (and their family members/relatives) of General Electric Company in Lynn, Massachusetts, or any affiliated organization are eligible for membership.
- Employees, regular members, and registered apprentices (including family members/relatives) of IBEW Union Local 103 of Greater Boston, MA, Union Local 223 in Brockton, MA, or Union Local 104 in Dedham, MA are eligible for membership.
Branches
3 branches in Massachusetts
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Massachusetts
3 branches
- River Works Credit UnionMain office947 Western Ave, Lynn, MA 01905Directions
- River Works Credit Union256 Freeport St, Dorchester, MA 02122Directions
- River Works Credit Union24 Broadway, RT1 South, Lynnfield, MA 01940Directions
Walk-in offices from the NCUA directory as of March 31, 2026. Directions open Google Maps. A nearby branch doesn’t mean you can join or open an account.
Financial details
Well capitalizedas reported to the NCUA
| Measure | This credit union | Peers’ middle | Strongest quarter |
|---|---|---|---|
| CapitalNet worth ratio | 9.16% | 11.43% | 13.58% or more |
| Troubled loans60+ days late | 0.82% | 0.68% | 0.39% or less |
| ProfitabilityReturn on assets | 0.55% | 0.75% | 1.18% or more |
| LendingLoans per $100 deposited | $94 | $76 | — |
- CapitalNet worth ratio9.16%Peers’ middle 11.43% · Top 25% 13.58%+
- Troubled loans60+ days late0.82%Peers’ middle 0.68% · Top 25% ≤0.39%
- ProfitabilityReturn on assets0.55%Peers’ middle 0.75% · Top 25% 1.18%+
- LendingLoans per $100 deposited$94Peers’ middle $76
Compared with the 1,338 credit unions with $100 million to $1 billion in assets. The strongest quarter is what the best 25% of them reach: more capital and profit, fewer troubled loans. Lending has no better end.Troubled loans are loans 60 or more days late.
Regulators’ own ratings of RiverWorks Credit Union are confidential. These figures are what it reports to the NCUA each quarter, set beside its peers; they aren’t a rating.