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Compensation 990 is an independent service that uses public IRS Form 990 filings as its source data. We clean and standardize this information, but the original filings may contain errors or omissions. Years on this site refer to the organization’s fiscal year end date on the filing.

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Organizations Public & Societal Benefit River Works Credit Union

River Works Credit Union

Fiscal year ending 2024. Filed on June 9, 2025.

947 Western Ave
Lynn, Massachusetts 01905

River Works Credit Union (EIN: 04-6061145) has filed an IRS Form 990 since at least fiscal year 2016. In its fiscal year 2024 IRS Form 990 filing, River Works Credit Union, a 501(c)(14) state-chartered credit union or mutual reserve fund, reported compensation for 4 out of 27 total employees. Among the employees shown here, the average compensation is $188,087. The highest compensated employee at River Works Credit Union is James Donahue with fiscal year 2024 compensation of $228,545. River Works Credit Union changed its name from General Electric River Works Cu in 2021.

Revenue, expenses, and employee compensation

Revenue

$8,278,993

Expenses

$7,849,972

Employee compensation

$2,360,880
Revenue, expenses, and employee compensation over time

Reported Compensated Employees

James Donahue
Chief Executive Officer and Treasurer
$228,545
$196,307 No related comp$32,238
David Jensen
LOAN Origina
$217,720
$206,415 No related comp$11,305
Colleen Twinem
AVP Operatio
$160,506
$152,181 No related comp$8,325
Peter Kopoulos
Chief Financial Officer
$145,578
$138,062 No related comp$7,516

Benchmark Employee Compensation

Non-Employee Board Members

Paul T Crowley
Vice Chair
$7,964
$7,964 No related compNo other comp
Nilson Garcia
Director
No compensation reported
Tim Long
Director
No compensation reported
Paul Barron
Secretary and Director
No compensation reported
Kevin Monahan
Director
No compensation reported
Keith Kenyon
Director
No compensation reported
George Honor
Director
No compensation reported
Kevin J Chiles
Chair
No compensation reported

Contractors

Connecticut Online Cocc
Data Processing
$556,542

Mission Statement

THE 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.

Revisions to this organization profile

June 9, 2025:
2024 River Works Credit Union 990 filed
September 5, 2024:
2023 River Works Credit Union 990 filed
August 24, 2023:
2022 River Works Credit Union 990 filed

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