River Works Credit Union was originally organized on February 13, 1936 as the General Electric River Works Employees Credit Union as a Massachusetts state-chartered credit union. The original charter was granted for the benefit of the employees and family members of the General Electric Company located in Lynn Massachusetts and its affiliates.
From inception until 1989, its place of business was within the General Electric plant. During 1989 the Credit Union moved into its own building located at 947 Western Ave., Lynn, Massachusetts where it is remains today. Throughout the years the Credit Union has expanded its product line from basic credit union services to the full service credit union it is today.
On February 13, 2002, the Commonwealth of Massachusetts approved a change in the sphere of membership to include anyone who works or lives in Essex, Middlesex or Suffolk Counties in addition to any and all past or present employees, or direct family members, of the GE Riverworks plant or any of its affiliated companies.
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