Applications / Mortgage Analytics / Lenders / Massachusetts / RiverWorks Credit Union
Lynn, MA · Credit union · NCUA · $185 million assets · 55 loans in 2025
RiverWorks Credit Union's data, $215Buy the data, $2,110Get Jenner, the SAS-compatible software
55
loans originated, 2025
58
applications, 2025
4
states and territories
0
gaps bigger than at similar lenders
Our analysis, 2025
RiverWorks Credit Union, of Lynn, Massachusetts, makes big first mortgages: its typical loan in 2025 was $555,000, against $95,000 at similar credit unions.
Its typical loan was the largest among similar credit unions (credit unions making between half and twice as many loans). Purchase loans made up 70.9% of its lending and refinancings the rest; it made no home-improvement or other-purpose loans. Jumbo loans (larger than the conforming limit) were 16.7% of its loans, while the typical peer made none. Its loans have been large for years: the typical one was $535,000 in 2024.
Its typical rate was 6.25%, against 6.75% at similar credit unions, lower than at about four in five. It has fallen from 6.50% in 2024.
Borrowers with low or moderate incomes took 17.0% of its loans, against 31.4% at its peers, lower than at nearly nine in ten. Loans this big may simply go to people with higher incomes. Yet low- and moderate-income neighborhoods took 25.4% of its loans, against 17.5%, higher than at three in four.
It made 136 loans in 2020 and 134 in 2021, but only 30 in 2023. It has since made 59 and 55. Its typical rate was 2.88% in 2020; at 6.25%, fewer homeowners may have reason to refinance. Its loans fell 7% in 2025 while the whole market grew 10%. In Boston, its largest market, it ranked 193 of 664 lenders.
Similar lenders: same lender type, originations between half and twice the lender's in the data year. Written from the 2025 HMDA data and checked figure by figure against it.
FIG. 1 — LOANS ORIGINATED, 2018–2025
Originated means the loan was made: applications denied, withdrawn or not accepted are not counted. RiverWorks Credit Union took 58 applications in 2025.
SOURCE: FFIEC HMDA, LOANS ORIGINATED (ACTION TAKEN: LOAN ORIGINATED)
FIG. 2 — PRODUCT MIX, 2025
Purchase 70.9% · Refinance 29.1%
Conventional 100.0% · of 55 loans. Purchase: buying a home. Refinance: replacing an existing mortgage, including cash-out. FHA: insured by the Federal Housing Administration. VA: guaranteed by the Department of Veterans Affairs. Conventional: neither.
SOURCE: FFIEC HMDA 2025, LOANS ORIGINATED
Where it lends, 2025
| State | Loans | Share |
|---|---|---|
| Massachusetts | 49 | 89.1% |
| New Hampshire | 3 | 5.5% |
| Florida | 2 | 3.6% |
| Rhode Island | 1 | 1.8% |
Largest metro areas, 2025
| Metro area | Loans |
|---|---|
| Cambridge-Newton-Framingham | 35 |
| Boston | 13 |
| West Palm Beach-Boca Raton-Delray Beach | 2 |
| Barnstable Town | 1 |
| Manchester-Nashua | 1 |
| Providence-Warwick | 1 |
| Rockingham County-Strafford County | 1 |
Identifiers
| LEI (Legal Entity Identifier, the global company code HMDA has used since 2018) | 54930067K4Z4NIZ4W068 | 2018–2025 |
| RSSD (the Federal Reserve's identifier for banks and their parents) | 196499 | 2004–2023 |
| Respondent ID (the HMDA filer code before 2018) | 566346 | 1992–2017 |
Established 1 January 1936. Reported under HMDA 1992-2025.
Mergers, name changes, data editions and corrections: RiverWorks Credit Union's data.
RiverWorks Credit Union's data
$215
RiverWorks Credit Union and its peers, 2018–2025: every application in the HMDA data, cleaned and corrected, as Parquet files, with the Jenner programs that made these pages.
Buy RiverWorks Credit Union's data, $215Jenner Mortgage Analytics: all the data
$2,110
Every mortgage application reported under HMDA from 1990 to 2025, cleaned and corrected, every lender followed across name changes and mergers, with the market-share and fair-lending tables behind these pages and the Jenner programs that built them: the warehouse and the datamart, as Parquet files.
Buy the data, $2,110Jenner, the SAS-compatible software
See prices
Jenner runs programs written in the SAS language. It drew every chart on these pages and fitted the fair-lending model, PROC GLIMMIX on 3.5 million applications. Run the programs that come with the data, or your own.
Get JennerQuestions, or the data and Jenner together: [email protected]