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Filing year 2024

RIVER WORKS CREDIT UNION

Lynn, Massachusetts·EIN 04-6061145·NTEE W61Z · Public & Societal Benefit·501(c)(14)
Total revenue
$8.3M
Total assets
$151.4M
Total expenses
$7.8M
Reported officers
12
Mission

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.

Executive compensation, broken down

Form 990 · Part VII & Schedule J · 5 reported individuals · Filing year 2024

Percentile bands compare each position's total pay with the same role at Public & Societal Benefit organizations nationwide.

Ceo/treasure
Officer (Unspecified)
$229k
$244k
Base
$196k
Bonus
Other
Benefits
$1k
Loan Origina
Highest Compensated Employee
Median to 75th percentile
$218k
$232k
Base
$206k
Bonus
Other
Benefits
$738
AVP Operatio
Board Member
Above 90th percentile
$161k
$171k
Base
$152k
Bonus
Other
Benefits
$1k
CFO
Median to 75th percentile
$146k
$155k
Vice Chairpe
Board Vice Chair
25th percentile to medianvs all sectors nationwide
$8k
$9k

Teal figures restate each filed amount in 2026 dollars.

Estimated with Boston-Cambridge-Newton, MA-NH metro-area CPI-U, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Plus 7 unpaid individuals.

Browse compensation in Public & Societal Benefit

Pay in context

Top pay as a share of expenses

In 2024, the highest total compensation at RIVER WORKS CREDIT UNION equaled 3% of the organization's total expenses. The median for public & societal benefit organizations is 10%.

This organization (2024)
3%
Sector median
10%
Middle half of sector
4% to 22%

Based on 2,608 public & societal benefit organizations, each measured at its most recent filing year with reported expenses and compensation.

Down 6%
from 2023

From $244k in 2023 to $229k in 2024.

$244k
2023
$229k
2024
In today's dollarsEst.
Down 9% in real terms$269k to $244k

Estimated with Boston-Cambridge-Newton, MA-NH metro-area CPI-U, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Pay for the position

Board Member pay rose 6% from 2023 to 2024, while revenue rose 29%.

$152k in 2023 to $161k in 2024.
  • Chief Financial Officer pay rose 7% from 2023 to 2024.
  • Board Vice Chair pay rose 86% from 2023 to 2024.

Pay for the position itself, not any one person. The officeholder may have changed between 2023 and 2024.

Highest reported compensation in each year. Volunteer board members and partial-year payouts are filtered out.

Among peers

Revenue and top compensation, plotted against similar organizations. This organization is highlighted in cyan.

FAQ

Common questions about RIVER WORKS CREDIT UNION

What does the Highest Compensated Employee of RIVER WORKS CREDIT UNION earn?

In 2024, the Highest Compensated Employee of RIVER WORKS CREDIT UNION received $217,720 in total compensation. This pay is above the median (the midpoint) for Highest Compensated Employee roles among Public & Societal Benefit organizations nationwide, within the top half of comparable filings. Based on IRS Form 990 data.

How does Highest Compensated Employee pay at RIVER WORKS CREDIT UNION compare with similar nonprofits?

Compared with the same role at Public & Societal Benefit organizations nationwide, the 2024 pay of the Highest Compensated Employee at RIVER WORKS CREDIT UNION falls between the median and the 75th percentile. In 2024, the highest total compensation at RIVER WORKS CREDIT UNION equaled 3% of the organization's total expenses. The median for public & societal benefit organizations is 10%.

What are RIVER WORKS CREDIT UNION's revenue and expenses?

In 2024, RIVER WORKS CREDIT UNION reported $8.3M in total revenue and $7.8M in total expenses on its IRS Form 990.

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