River Works Credit Union
About
Founded in 1936, River Works Credit Union is a nonprofit financial institution owned by its members, with its main office in Lynn. Its stated objective is to operate as an independent, full-service credit union offering competitive, affordable products in a highly personalized manner. It also emphasizes prudent banking fundamentals such as asset quality, capital, liquidity, and full compliance with banking laws, which it says keeps risk low and earnings steady.
Personal products include several checking and savings options, money market accounts, certificates of deposit, and retirement accounts, along with mortgages, home equity loans, auto and consumer loans, and credit cards. Business members can use business checking, merchant services, payroll processing, and business Visa cards. Online and mobile banking, bill pay, eStatements, and CardControls let members manage accounts and debit cards from their phones, and identity theft protection is available as an added service.
What to Know
- Anyone who lives or works in Essex, Middlesex, or Suffolk County can join, along with their families.
- Employees of General Electric in Lynn and its affiliates, and their families, are eligible for membership.
- Members of several IBEW electrical worker union locals are eligible for membership.
- Its mortgage department offers conforming, commercial, and portfolio loan programs.
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