River Works Credit Union Lynn MA | Top Auto Loans & Business Banking

Introduction

Welcome to River Works Credit Union, your trusted financial partner nestled in the heart of Lynn, MA at 947 Western Ave, 01905. Since our establishment in 1936, we have been dedicated to serving our community with integrity and care. With a membership base of over 5,420 individuals, we pride ourselves on creating lasting relationships built on trust and support. At River Works, our commitment goes beyond just banking. We are proud to report total assets of $150,871,437, which reflects our strength and stability in providing you with the best financial services available. Our members enjoy a total deposit amounting to $19,903,894, ensuring that your money is secure and readily accessible. With a remarkable net worth of $16,384,876 and cash in hand totaling $1,923,767, we stand ready to help you achieve your financial goals. Whether you're looking for personal banking options like checking and savings accounts or need assistance with auto loans and mortgages, we have tailored solutions designed just for you. Our experienced team led by CEO Jim Donahue and Board President Kevin Chiles is here to guide you every step of the way. While members can visit us at our branch location for all their banking needs, official correspondence should be directed to our mailing address: 947 Western Ave, Lynn, MA 01905-2640. We invite you to explore everything River Works Credit Union has to offer. Feel free to reach out at 781-599-0096 or visit our website at rwcu.com for more information. Join us in building a brighter financial future together!

Branch History & Mission

A Rich Legacy

River Works Credit Union started with a simple yet powerful mission: to provide accessible financial services to our local community. Over the years, we have grown alongside our members, adapting to their needs and expanding our offerings. From humble beginnings, we now proudly serve over 5,420 members and manage total assets of approximately $150 million. This growth reflects not just our commitment to sound financial practices but also our deep-rooted belief in the power of community. Our journey has seen significant milestones each one driven by our mission to enhance the lives of those we serve. Whether it's through personal banking options like checking and savings accounts or vehicle financing and mortgages, we strive to make banking convenient and beneficial for everyone.

Commitment to Innovation

In today's digital world, River Works embraces technology to enhance your banking experience. We offer online banking services, mobile applications, and even person-to-person payment options. Our commitment extends beyond just providing services; we ensure they are accessible and user-friendly for everyone. We understand the importance of being an inclusive institution. That's why we're proud of our ADA-compliant facilities and customer-centric initiatives that cater to all individuals in our community.

Community Outreach

Our connection with the community goes beyond banking. We actively engage in outreach programs that promote financial literacy and support local events. Partnerships with various organizations allow us to play a role in making Lynn a better place for everyone. As part of our commitment to service excellence, we invite you to join us at River Works Credit Union. Experience firsthand how we can help you achieve your financial goals while contributing positively to the community around us. Together, let's build a brighter future! For more information or if you have any questions, feel free to reach out at (781) 599-0096 or visit us online at www.rwcu.com.

Our Mission

At River Works Credit Union, our mission is simple: to empower our members through exceptional financial services while fostering community development. We believe that when individuals thrive financially, the entire community benefits. That's why we focus on building strong relationships with our members and actively participate in local initiatives that uplift our neighborhoods. While you can visit us at 947 Western Ave for all your banking needs, official correspondence should be sent to our mailing address at 947 Western Ave, Lynn, MA 01905-2640. Our operating hours are designed with your convenience in mind Monday through Friday from 8 AM to 4 PM and Saturday from 9 AM to 12 PM.

Branch Location & Accessibility

Operating Hours

We understand that life can get busy, which is why we offer flexible operating hours. You can visit us Monday through Friday from 8 AM to 4 PM and on Saturdays from 9 AM to 12 PM. This way, you can choose a time that works best for you.

Parking and Accessibility

Our branch offers ample parking to ensure your visit is hassle-free. For those who may need it, we are fully ADA compliant, featuring ramps and accessible entrances so everyone can enjoy our services comfortably.

Services Offered

At River Works Credit Union, we're proud to provide a wide range of services tailored to meet your financial needs. From personal banking options like checking and savings accounts to auto loans and mortgage refinancing, we've got you covered. Plus, our ATM availability ensures that you have easy access to your funds whenever you need them. While members can visit us at 947 Western Ave Lynn Ma 01905, official correspondence should be sent to 947 Western Ave, Lynn, MA 01905-2640 if necessary. If you have any questions or need assistance, feel free to give us a call at (781) 599-0096. Our friendly team is here to help! We invite you to come in and experience the personalized service that sets us apart. Join our community today at River Works Credit Union!

Member Eligibility

At River Works, we believe that everyone deserves a chance to be part of a supportive financial community. Becoming a member is easy and welcoming! If you live, work, worship, or attend school in the Lynn area, you're likely eligible to join us. Our membership is designed to be inclusive, ensuring that local residents can access the benefits of credit union membership. You'll find that being part of River Works opens doors to various financial services tailored just for you, from personal banking to auto loans and more. If you're curious about the specific eligibility requirements, feel free to check out our detailed information at . We're here to help make your transition into membership as smooth as possible. Ready to start? Opening an account with us is straightforward; just give us a call at (781) 599-0096 or visit us at our branch located at 947 Western Ave Lynn Ma 01905. We're excited to welcome you into our community!

Business Banking & Commercial Services

Business 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.

Merchant Services

In addition to loans, we offer comprehensive merchant services designed to simplify payment processing. Picture this: your customers can easily pay with cards or digital wallets, enhancing their shopping experience while streamlining your operations. This not only saves you time but also boosts sales, allowing you to focus on what matters most growing your business. Explore how River Works can be your partner in success! Visit us today or call us at (781) 599-0096 to learn more about our business banking and commercial services.

Comprehensive List Of Services

Auto Loans & Vehicle Financing

Thinking about purchasing a new car? Our auto loans and vehicle financing options provide competitive rates and flexible terms. We understand that buying a vehicle is a significant investment, so we aim to make the process as smooth as possible.

Business Banking Services

If you're a business owner, our business banking services, including merchant services and business loans, are designed to help you grow. We understand the unique challenges businesses face and offer tailored solutions to meet those needs.

Credit Cards with Rewards

For members who love earning rewards on their purchases, our credit cards come packed with benefits. Enjoy rewards for everyday spending while managing your finances effectively.

Digital Banking Convenience

In today's fast-paced world, convenience matters. Our robust online and mobile banking features allow you to manage your accounts anytime, anywhere. From checking balances to making payments and transferring funds, everything is just a few taps away. Plus, our user-friendly mobile application ensures you stay connected on the go.

Final Thoughts

At River Works Credit Union, we pride ourselves on being more than just a financial institution; we're your partner in achieving financial success. With dedicated staff ready to assist you at every turn, we invite you to explore how our services can benefit you today. Feel free to contact us at 781-599-0096 or visit us online at www.rwcu.com for more information or assistance! Your journey towards better financial health starts here!

Mortgage Solutions

Homeownership is within reach with our mortgage loans and refinancing options. Whether you're buying your first home or looking to refinance an existing mortgage for better rates, we can guide you through the process with personalized service.

Personal Banking

Our personal banking services include checking and savings accounts tailored to fit your lifestyle. If you need quick access to cash, our ATM services make it easy to withdraw funds or check your balance without any hassle. For those planning big purchases or consolidating debts, we offer personal loans and debt consolidation options that can help you achieve your financial goals.

Digital & Online Banking

Accessibility and Security

Security is our top priority. All transactions made through our online banking services are protected with advanced security measures to ensure your information remains safe. You can enjoy peace of mind while managing your finances in real-time. Our mobile payments feature lets you make purchases directly from your phone, eliminating the need to carry cash or cards. It's just another way we strive to provide accessible and efficient banking solutions for our members. Join us at River Works today and experience the convenience of modern banking with services tailored to fit your lifestyle!

Key Features

With our user-friendly mobile application, you can access your accounts anytime, anywhere. Need to send money to a friend? Our person-to-person transfer feature makes it quick and easy. Plus, with electronic signature authorization, you can complete transactions securely without needing to visit a branch. We also provide e-statements, allowing you to receive your account statements electronically instead of through traditional mail. This not only helps you stay organized but also reduces paper waste it's a win-win for both you and the environment!

Financial Strength

Commitment to 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.

Member Trust

Total Share and Deposit Accounts stand at 10,403, showing a strong and growing member base that trusts us with their finances. Net Shares (Funds available for lending and investments) amount to $520,983, reinforcing our ability to support your needs. 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 947 Western Ave Lynn Ma 01905 or call (781) 599-0096 to learn more about how we can help you achieve your financial goals.

Operational Efficiency

Our operational efficiency is reflected in our $309,853, 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.

Secure 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.

Strong Financial Health

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 provide flexible terms and competitive interest rates to ensure you can find the right financing for your next vehicle.

Business Loans

For business owners, our outstanding commercial loans totaling $22,912,873 provide the capital needed to grow and expand. We understand the unique challenges businesses face and work closely with owners to tailor solutions that fit their specific requirements.

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. Whether you are purchasing a new home or looking to refinance an existing mortgage, our team is here to guide you through the process.

Refinancing Options

If you're considering refinancing any of your current loans or exploring eligibility options for new ones, our knowledgeable staff can assist you in assessing the best path forward. We aim to make financing as straightforward and accessible as possible. At River Works Credit Union located at 947 Western Ave Lynn Ma 01905, we're dedicated to supporting our community's financial health. If you have any questions or would like more information about our loan offerings, feel free to reach out at 781-599-0096. Performance insights and financial data are sourced from the National Credit Union Administration (NCUA) at: https://www.ncua.gov , based on the latest results. Let us help you navigate your financial journey today!

Unsecured Credit Card Loans

For those needing a little extra flexibility in managing expenses, we also offer unsecured credit card loans. While currently totaling $0, we are committed to providing options that help our members budget effectively and take control of their finances.

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RIVER WORKS CREDIT UNION