River Works Credit Union Dorchester MA | Affordable Vehicle Loans & ATM Services

Introduction

Welcome to River Works Credit Union, where our commitment to you and our community runs deep. Located at 256 Freeport St, Dorchester, MA 02122, we have been serving our members since 1936. With a proud history of providing reliable financial services, we now boast a total membership of 5,420 and assets exceeding $150 million specifically, $150,871,437. At River Works, we understand that financial decisions can be daunting. That's why we aim to create an environment built on trust and support. Whether you're looking for personal banking solutions like checking and savings accounts or considering options for auto loans and mortgages, our dedicated team is here to guide you every step of the way. Our total deposits are currently at $19,903,894, allowing us to offer competitive rates on loans and other services. We manage a total loan portfolio of 1,026 loans and leases, ensuring that your needs are met with tailored solutions that suit your lifestyle. With a net worth of $16,384,876 and cash in hand amounting to $1,923,767, we ensure that our operations remain robust while focusing on maximizing value for our members. Led by our experienced CEO, Jim Donahue, and supported by Board President Kevin Chiles, our team of 26 employees is passionate about making a positive impact in the lives of our members. We invite you to explore how River Works Credit Union can help you achieve your financial goals. While members can visit us at 256 Freeport St, official correspondence should be sent to the same address. For any inquiries or assistance, don't hesitate to reach out at (617) 436-1005 during our operating hours from Monday through Friday, 8:30 AM to 4:30 PM. Join us today at River Works Credit Union where your financial journey begins! Visit our website at www.rwcu.com for more information about our services and offerings.

Branch History & Mission

Community Engagement

River Works actively engages with the local community through partnerships and outreach initiatives. We collaborate with local organizations to support various causes and contribute positively to the lives of our members. Whether it's hosting financial literacy workshops or participating in community events, we believe in giving back and making a difference right here in Dorchester.

Join Us Today!

As we look toward the future, River Works Credit Union invites you to join us on this journey. Experience firsthand how our member-focused approach can help you achieve your financial aspirations. Together, let's build a brighter future one member at a time. For more information about our services or to become a member today, please call us at 617-436-1005 or visit us online at www.rwcu.com. Your community bank awaits!

Our Evolution

Since opening our doors, River Works has been dedicated to providing exceptional financial services tailored to the needs of our members. From humble beginnings, we have expanded our offerings to include personal banking options such as checking and savings accounts, auto loans, mortgage loans, and credit cards with rewards. As we grew, so did our commitment to innovation. Today, we proudly offer online and mobile banking services for convenient access to your finances anytime and anywhere. In 1985, we received federal insurance for our members' peace of mind. This milestone marked our commitment to maintaining a secure environment for managing finances. With total assets now exceeding $150 million, River Works stands strong as a pillar of financial stability in the community.

Our Mission

The mission of River Works Credit Union is simple yet profound: to empower our members through accessible financial services while fostering a sense of community. We believe that everyone deserves the opportunity to achieve their financial goals. By focusing on personalized service and community support, we strive not only to meet the financial needs of our members but also to uplift the neighborhoods we serve. We are committed to being more than just a bank; we are your partner in achieving dreams whether it's buying your first car or starting a business. Our team works hard to ensure that every member feels valued and supported throughout their financial journey. While you can visit us at 256 Freeport St, official correspondence should be sent to 256 Freeport St, Dorchester, MA 02122-2845 if needed.

Branch Location & Accessibility

Convenient Access and Parking

At River Works Credit Union, we understand how important convenience is for our members. Our branch offers ample parking, ensuring that your visit is hassle-free. We are committed to accessibility for all members, featuring ADA-compliant facilities and ramps to make your experience smooth and comfortable.

Get in Touch!

If you have any questions or need assistance before your visit, feel free to call us at 617-436-1005. Our team is always happy to help! So why wait? Come by River Works Credit Union today; we look forward to welcoming you!

Operating Hours and Services

Our friendly staff is ready to assist you Monday through Friday from 8:30 AM to 4:30 PM. Whether you need help with personal banking services like checking and savings accounts, auto loans, or even mortgage refinancing, we're dedicated to providing personalized solutions tailored just for you. Plus, if you prefer managing your finances on-the-go, we offer robust online and mobile banking options. While you're here, don't forget about our convenient ATM services available on-site. We are proud to provide essential banking services that include cash withdrawals and balance checks whenever you need them.

Member Eligibility

Joining the River Works family means becoming part of a community that values your needs and dreams. At River Works, located at 256 Freeport St, Dorchester, MA 02122, membership is open to individuals who live, work, or worship in the surrounding areas. This inclusiveness creates a welcoming environment where you can enjoy personalized financial services designed to support your journey. Whether you're looking for a checking account, an auto loan, or just some friendly financial advice, our team is here for you. Becoming a member is straightforward and rewarding. Just give us a call at 617-436-1005 to learn more about how you can start your membership journey today. For detailed eligibility criteria and updates, feel free to check out our website at . We can't wait to welcome you into our community!

Business Banking & Commercial Services

Merchant Services That Matter

Imagine having a seamless way to accept payments from customers, whether they prefer credit cards or mobile payments. Our merchant services make this possible, allowing you to focus on what you do best running your business. With easy access to funds and tools tailored for your success, our services enhance cash flow management and customer satisfaction. Located at 256 Freeport St Dorchester Ma 02122 in Dorchester, MA, we invite you to explore how our business banking solutions can help turn your vision into reality. For more information, feel free to reach us at (617) 436-1005.

Tailored Loan Options

Our commitment to supporting businesses is evident, with investments in business growth through our commercial lending programs: - We've funded over $34 in commercial loans for our members, helping businesses scale and succeed. - We also support the broader business community with $0 in non-member commercial loans, providing flexible financing solutions. - With an outstanding commercial loan portfolio of $22,912,873, we continue to drive economic growth by financing new and expanding businesses.

Comprehensive List Of Services

ATM & Cash Withdrawal Services

Need cash on the go? Enjoy easy access with our ATM services, allowing withdrawals and balance checks whenever needed. With ATMs conveniently located throughout the area, you'll never be far from your money. At River Works Credit Union, we strive to make banking as simple as possible while offering comprehensive services that meet your needs. To learn more about how we can assist you or if you have any questions about our offerings, don't hesitate to reach out! Call us at 617-436-1005 or visit us online at River Works Credit Union. Let us partner with you on your financial journey today!

Auto Loans & Vehicle Financing

If you're thinking about buying a new car or refinancing an existing loan, our auto loans and vehicle financing options make it easy. We work with you to find the best rates so you can drive off in the vehicle of your dreams without breaking the bank.

Business Banking

For entrepreneurs and small business owners, we offer robust business banking solutions including merchant services and business loans. We understand the unique challenges faced by businesses today and are here to support your growth with tailored financial solutions.

Convenient Online & Mobile Banking

In today's fast-paced world, convenience is key. That's why we provide online and mobile banking services that let you manage your accounts anytime, anywhere. From checking balances to transferring funds or even paying bills all from the palm of your hand!

Credit Cards with Rewards

Looking for a way to earn while you spend? Our credit cards with rewards allow you to accumulate points on everyday purchases. Use those points toward travel, merchandise, or cashback it's all about rewarding you for being a loyal member!

Mortgage Loans & Refinancing

Owning a home is a big step, and at River Works, we simplify the journey with our mortgage loans and refinancing options. Our experienced team will help you navigate through different mortgage types and rates, ensuring that you find the perfect fit for your budget.

Personal Banking Solutions

We understand that managing your finances can be overwhelming. That's why we offer personal banking services tailored just for you. Whether you're looking to open a checking or savings account, our friendly staff is here to guide you through the process. With competitive rates and no hidden fees, you can rest assured that your money is in good hands.

Personal Loans & Debt Consolidation

Life can throw unexpected expenses your way. Our personal loans and debt consolidation services are designed to provide financial relief when you need it most. Whether it's for medical bills or home repairs, we're here to help lighten the load with flexible terms and manageable repayments.

Digital & Online Banking

Accessibility & Security

We pride ourselves on offering 24/7 online banking services, so whether it's day or night, you can manage your accounts whenever it suits you best. Our systems are designed with top-notch security measures to keep your personal information safe while ensuring that accessing your account is simple and straightforward. With all these tools at your disposal, staying on top of your finances has never been easier. Join us at River Works and experience how our digital banking services can work for you!

Key Features

Our online banking services offer a variety of features to help you stay in control of your money. You can enjoy the convenience of e-statements, allowing you to view your financial statements electronically instead of waiting for them to arrive by mail. This not only helps the environment but also keeps your information secure and easily accessible. For those who prefer using their smartphones, our mobile application is available for download, putting your banking right at your fingertips. With the app, you can make mobile payments quickly and securely, whether you're shopping at your favorite store or sending money to friends through person-to-person transfers. Need to sign documents? We've got you covered with electronic signature authorization, making transactions quicker and hassle-free.

Financial Strength

Commitment to Our Members

Net Shares (Funds available for lending and investments): $520,983. Total Share and Deposit Accounts: 10,403, showing a strong and growing member base that trusts us with their finances. Our financial strength means we can continue serving you with confidence. Whether you're saving, borrowing, or planning for the future, River Works is your trusted partner. Visit us at 256 Freeport St Dorchester Ma 02122 or call (617) 436-1005 to learn more about how we can help you achieve your financial goals.

Member-Centric Savings Options

Members' savings are secured through $63,414,682 in share certificates and $9,261,956 in money market shares, offering stable and rewarding financial growth opportunities. Unlike traditional banks, we prioritize our members. With non-member deposits at $3,436,000, we ensure that our resources are focused on benefiting you through better loan rates, lower fees, and exclusive perks.

Operational Efficiency

Our $309,853 reflects our operational efficiency, enabling us to continue offering competitive loan rates and solid financial products for our members. We also take pride in having 23 full-time employees and 3 part-time employees, ensuring our branches are always ready to serve you with a knowledgeable, committed team.

Reinvestment for Growth

With $16,075,023 in undivided earnings, we reinvest in innovative banking tools, stronger lending options, and enhanced security measures to serve our members better. Our lending capacity supports members' financial goals across various sectors with $236 in used auto loans and $114,411,874 in total loans and leases.

Solid Financial Foundation

With a net worth of $16,384,876, we maintain strong financial health, allowing us to offer better rates, lower fees, and enhanced member services. Our net worth ratio of $1,086 demonstrates a solid capital foundation, ensuring that we can continue providing loans, competitive savings rates, and uninterrupted services even in uncertain economic times.

Loan Offering

Auto Loans

Looking to buy a new car? Our auto loans offer some of the lowest rates in the industry, with over $3,422,907 in used vehicle loans and $1,047,475 in new vehicle loans already helping members get on the road. We also provide refinancing options for existing auto loans to ensure you get the best deal possible.

Business Loans

For business owners looking for expansion opportunities, our outstanding commercial loans totaling $22,912,873 provide the capital needed to grow and expand your business. We work closely with you to understand your business needs and find the right financing solutions. At River Works located at 256 Freeport St Dorchester MA 02122, our friendly team is here to help you explore all your lending options. You can reach us at (617) 436-1005 during our lobby hours from Monday through Friday between 8:30 AM and 4:30 PM. Performance insights and financial data are sourced from the National Credit Union Administration (NCUA) at: https://www.ncua.gov , based on the latest results. Explore how our loan products can fit into your life today!

Mortgage Loans

Thinking about homeownership? Our mortgage options, including Junior Lien 1-4 Family Residential Properties loans totaling $19,501,491, make buying or refinancing simple. We guide you through each step of the process to make it as stress-free as possible.

Unsecured Credit Card Loans

Managing everyday expenses can sometimes be challenging. That's why we offer flexible terms on unsecured credit card loans. Currently, we have no outstanding unsecured credit card loans available; however, we're dedicated to assisting members in managing their finances effectively when they need it most.

Loan Aggregator

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RIVER WORKS CREDIT UNION