Lynn, MA 01905

Notable Rates APY Vs.Others
Savings 0.15% 1.96% →
1-Year CD 1.00% 2.02% →
2-Year CD 1.51% 2.02% →
5-Year CD 1.61% 2.02% →
30-Year Mortgage N.A. 3.03% →
15-Year Mortgage N.A. 2.77% →
HELOC N.A. 3.25% →

2020 Overview

General Credit Union Information

River Works is an NCUA insured institution located in Lynn, MA. It was founded in 1936 and has approximately $102.48 millions in assets.

NCUA Insured Yes
Charter Number # # 66346
Date Established 1936
Assets $102.48 million
Loans $65.12 million
Deposits $87.54 million
Capital $14.13 million

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.

Deposit Rates - April 1, 2020

Your Current Location: Connecticut, CT 06828

Savings and Money Market Rates (Share Account Rates) APY MIN MAX
Money Market
0.10% $2,500 $9,999 Learn MoreShow Less
Money Market
0.15% $10,000 $24,999 Learn MoreShow Less
Money Market
0.35% $25,000 $74,999 Learn MoreShow Less
CD Rates (Share Certificate Rates) APY MIN MAX
3 Mo CD
0.25% $500 - Learn MoreShow Less
6 Mo CD
0.40% $500 - Learn MoreShow Less
Variable IRA Rates APY MIN MAX
0.30% $25 - Learn MoreShow Less
Int Checking Rates APY MIN MAX
Int Ckg
0.05% $500 $2,499 Learn MoreShow Less
Int Ckg
0.10% $2,500 $4,999 Learn MoreShow Less

Loan Rates - April 1, 2020

Your Current Location: Connecticut, CT 06828

There are currently no loan rates available for RIVER WORKS

Please contact the bank for questions about their loan products. In the meantime you may wish to consider these offerings:

Featured - Connecticut 30 Year Fixed Mortgage Rates 2020

Lender APR Rate (%) Points Fees Monthly
Learn More

Featured - Connecticut Home Equity Line Of Credit Rates 2020

Lender APR (%)? Monthly Payment? Learn More

To upload and update your bank's rates please register. It is free to register and add rates.


Below are River Works branches and locations in your neighborhood. Input a different zip code to find branches and locations for any neighborhood in the United States.

Your Location:

River Works Locations

Financial Details

River Works Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of River Works. The data is provided by the NCUA. All credit unions on BestCashCow, except those specified as not NCUA-insured in the overview section above, are NCUA-insured. Depositors should be careful to remain within NCUA insurance limits.

Texas Ratio
River Works U.S. Average
1.85% 5.86

The Texas Ratio compares the amount of loans at risk and assets repossessed with the amount a credit union has on hand to cover any losses. The closer the Texas Ratio is to 1-to-1 or 100%, the less capital and reserves a credit union has to absorb its loan losses.

As of June 30, 2019, River Works had $233,538 in non-current loans and $33,500 in owned assets. To cover these potential losses it had $14,128,823 in net worth and $340,866 in loans loss reserves. That gives it a Texas Ratio of 1.85%.

Net Worth
River Works U.S. Average
13.78% 13.65%

River Works FCU has a net worth of 13.78% versus the BestCashCow average of 13.65. Net worth measures how much total assets exceed total liabilities. The higher the net worth number the more secure a credit union is considered.

Frequently Asked Questions About River Works

Branches and Savings

What is River Works?

A federal credit union, registered with the NCUA under certificate #66346.
Learn more about credit unions here.

Is River Works FDIC insured?

No, credit unions are not insured by the FDIC. They are insured by the National Credit Union Administration. The insurance provisions of the NCUA are similar to, but not identical to, FDIC insurance.

Who can join River Works?

Please see Field of Membership information above for information on who is eligible to join.

What are River Works's share account and share certificate rates?

River Works's deposit account rates are listed above.
You may find better online savings rates here or better local savings rates at banks or credit unions. Tables with the best CD rates are here.

How big is River Works?

River Works has total capital of $14.13 million. Full information on River Works's financial position is located above.

Who owns River Works?

Credit Unions are owned by their members.

Where are River Works branches located?

See branch locations nearby.

Are River Works ATMs Open 24/7?

Do River Works ATMs accept cash deposits?

Can River Works customers use other ATMs? What is the charge for withdrawing money from another ATM?

Does River Works have a mobile app?

Does River Works have mobile deposit?

Does River Works have quick pay?

How can River Works transfer money to other banks or credit unions?

Does River Works report to credit bureaus?

Does River Works use Chexsystems?

Does River Works use Equifax?

What is River Works's toll free phone number?

What is River Works's ACH Routing Number?

What is River Works's SWIFT code?

Where can I find River Works's wire transfer form?

What is the River Works address for deposits?

What Products Does River Works Offer

Does River Works offer mortgages?

Compare mortgage rates here.

Does River Works offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does River Works offer auto and RV loans?

Compare auto loan rates here.

Does River Works offer student loans or personal loans?

Compare personal loan rates here.

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