River Works Credit Union

Public benefit organization based in Lynn, MA. 27 employees. Exempt under §501(c)(14).

MissionTHE PROMOTION OF THRIFT AMONG ITS MEMBERS BY THE ACCUMULATION OF THEIR SAVINGS AND THE LOANING OF SUCH SAVINGS BACK TO ITS MEMBERS AT A MODERATE RATE OF INTEREST.

Financial snapshot · TY 2024

$8.3M
Total revenue
$7.8M
Total expenses
$151.4M
Net assets

Financial health · TY 2024

54
Moderate financial health
Composite score out of 100 based on reserve ratio, program efficiency, and revenue diversification.
Reserve ratio
100
25.2 months of expenses
Program efficiency
0
Program expenses as % of total
Revenue diversity
72
Mix of program fees, grants & contributions

Leadership compensation

David Jensen
LOAN ORIGINA
$217,720
75th percentile vs. peers
$145,578
43th percentile vs. peers

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River Works Credit Union Executive Compensation | 990 Data | DoubleNine