RIVER WORKS Credit Union Profile

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RIVER WORKS

Charter #66346 | NCUA Region 1 | FISCU

Low-Income Designation: Yes

Report Date: 2025

Headquarters Contact & Staff

Contact & Info

Phone: (781) 599-0096

Fax: (781) 596-2280

Founding Date: N/A

Website: http://www.rwcu.com

Personnel & Operations

President: Chiles, Kevin

Manager: Donahue, Jim

FT Employees: 23

PT Employees: 2

Designations & Ratios

MDI Status: No

RBC Ratio: 0%

Membership Type: 99

Branches: 3

Hours: Monday-Friday 8am - 4pm Saturday- 9am - 12p

Credit Union Profile Summary

RIVER WORKS is a FISCU Credit Union. With a total of 5,497 members ^[1], this institution manages approximately $186,660,190 in total assets ^[1]. It proudly serves as a Low-Income Designated institution. Key financial indicators show a solid Net Worth Ratio of 9% ^[1] and a strong Loan-to-Share Ratio, with loan growth over the last four quarters at 38.09% ^[1].

Financial Snapshot

Total Assets ^[1]

$186,660,190

Total economic resources.

Total Loans ^[1]

$144,325,780

Total value of outstanding loans.

Total Deposits ^[1]

$169,444,336

Total funds deposited by members.

Members ^[1]

5,497

Number of active members.

Performance Ratios

Net Worth Ratio ^[1]

This is the credit union's safety cushion; 7.0% is the regulatory minimum. A higher ratio means the credit union is stable.

Return on Assets (ROAA) ^[1]

0.35%

Measures profitability. Shows profit generated per dollar of assets. Near 1.0% is considered strong.

Loan-to-Share Ratio ^[1]

85.18%

Measures lending activity using member deposits. Below 100% is generally healthy, balancing lending and liquidity.

Four-Quarter Growth

Asset Growth (4Q) ^[1]

↑ 29.70%

Indicates change in total size. Positive growth means the credit union is expanding its operations.

Loan Growth (4Q) ^[1]

↑ 38.09%

Shows change in lending activity. Positive growth means they are actively increasing their lending business.

Member Growth (4Q) ^[1]

↑ 0.38%

Indicates change in member count. Positive growth is a sign of a healthy, expanding member base.

Headquarters Location & Map

Headquarters Address

947 Western Ave

Lynn, MA, 01905-2640

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Member Ratings & Reviews

Average Member Rating:

N/A / 5.0

Total Approved Reviews:

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Branch Locations

Found 5 branches reported by RIVER WORKS (Charter #66346).

Main Office

River Works Credit Union Main Office

Type: Corporate Office

947 Western Ave

Lynn, MA 01905-2640

Phone: (781) 599-0096

Services: Member Services

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Additional Branches

Dorchester

Delta Wye a Division of River Works Credit Union

Type: Branch Office

256 Freeport St

Dorchester, MA 02122-2845

Phone: (617) 436-1005

Services: Member Services, ATM

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Lynn