Civic Intelligence

General Electric River Works Cu

990 • Fiscal year 2020 • EIN 04-6061145

Jan 01, 2020 to Dec 31, 2020 • Filed on Oct 23, 2021

Organization ProfileRWCU.COM

View Organization Page

947 Western AveLynn, MA 01905

(781) 599-0096

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

23rd percentile

0.87x

Higher debt load relative to assets than 23% of similar nonprofits.

2020 filings • 501(c)14 • $100M-$250M nonprofits • Source year 2020

Liabilities / Revenue

38th percentile

18.65x

Higher debt load relative to revenue than 38% of similar nonprofits.

2020 filings • 501(c)14 • $100M-$250M nonprofits • Source year 2020

Net Margin

33rd percentile

6.7%

Higher net margin than 33% of similar nonprofits.

2020 filings • 501(c)14 • $100M-$250M nonprofits • Source year 2020

Top Officer Pay

24th percentile

$160,495

Higher top officer pay than 24% of similar nonprofits.

Top officer pay equals 3.1% of source-year revenue.

2020 filings • 501(c)14 • $100M-$250M nonprofits • Source year 2020

Asset Growth

7th percentile

7.4%

Faster asset growth than 7% of similar nonprofits.

2020 filings • 501(c)14 • $100M-$250M nonprofits • Annualized from 2019 to 2020

Revenue Growth

92nd percentile

9.6%

Faster revenue growth than 92% of similar nonprofits.

2020 filings • 501(c)14 • $100M-$250M nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets23rd percentile

Assets

Up

$109,766,973

Up $7,545,853 (+7.4%) from 2019

Net Assets

Up

$14,540,928

Up $340,998 (+2.4%) from 2019

Liabilities

Up

$95,226,045

Up $7,204,855 (+8.2%) from 2019

Revenue And Expenses
Liabilities / Revenue38th percentileNet Margin33rd percentile

Revenue

Up

$5,106,008

Up $445,540 (+9.6%) from 2019

Expenses

Up

$4,765,010

Up $183,029 (+4.0%) from 2019

Net Income

Up

$340,998

Up $262,511 (+334%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth7th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$200M$150M$100M$50M$0Assets 2010: $82,393,305Liabilities 2010: $74,354,030Net Assets 2010: $8,039,2752010Assets 2011: $85,811,458Liabilities 2011: $76,650,755Net Assets 2011: $9,160,7032011Assets 2012: $83,768,299Liabilities 2012: $73,583,676Net Assets 2012: $10,184,6232012Assets 2013: $94,301,131Liabilities 2013: $83,442,902Net Assets 2013: $10,858,2292013Assets 2014: $102,784,517Liabilities 2014: $90,697,812Net Assets 2014: $12,086,7052014Assets 2015: $105,989,301Liabilities 2015: $92,733,940Net Assets 2015: $13,255,3612015Assets 2016: $107,023,616Liabilities 2016: $93,328,893Net Assets 2016: $13,694,7232016Assets 2017: $106,329,845Liabilities 2017: $92,402,502Net Assets 2017: $13,927,3432017Assets 2018: $102,682,814Liabilities 2018: $88,561,371Net Assets 2018: $14,121,4432018Assets 2019: $102,221,120Liabilities 2019: $88,021,190Net Assets 2019: $14,199,9302019Assets 2020: $109,766,973Liabilities 2020: $95,226,045Net Assets 2020: $14,540,9282020Assets 2021: $115,018,497Liabilities 2021: $99,984,252Net Assets 2021: $15,034,2452021Assets 2022: $112,516,103Liabilities 2022: $97,306,993Net Assets 2022: $15,209,1102022Assets 2023: $123,514,563Liabilities 2023: $107,439,538Net Assets 2023: $16,075,0252023Assets 2024: $151,358,711Liabilities 2024: $134,854,665Net Assets 2024: $16,504,0462024

Highlighted filing

2020

Assets$109,766,973
Liabilities$95,226,045
Net Assets$14,540,928
Open 2020 Filing

Operations Trend

Revenue Growth92nd percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$10M$5.0M$0Expenses 2010: $4,778,8722010Expenses 2011: $4,438,6422011Expenses 2012: $4,205,3602012Revenue 2013: $4,811,426Expenses 2013: $4,067,608Net Income 2013: $743,8182013Revenue 2014: $5,516,148Expenses 2014: $4,213,449Net Income 2014: $1,302,6992014Revenue 2015: $5,534,662Expenses 2015: $4,366,006Net Income 2015: $1,168,6562015Revenue 2016: $6,102,538Expenses 2016: $5,663,176Net Income 2016: $439,3622016Revenue 2017: $4,592,236Expenses 2017: $4,359,616Net Income 2017: $232,6202017Revenue 2018: $4,640,173Expenses 2018: $4,446,073Net Income 2018: $194,1002018Revenue 2019: $4,660,468Expenses 2019: $4,581,981Net Income 2019: $78,4872019Revenue 2020: $5,106,008Expenses 2020: $4,765,010Net Income 2020: $340,9982020Revenue 2021: $5,008,646Expenses 2021: $4,515,329Net Income 2021: $493,3172021Revenue 2022: $4,574,179Expenses 2022: $4,399,314Net Income 2022: $174,8652022Revenue 2023: $6,428,970Expenses 2023: $5,563,055Net Income 2023: $865,9152023Revenue 2024: $8,278,993Expenses 2024: $7,849,972Net Income 2024: $429,0212024

Highlighted filing

2020

Revenue$5,106,008
Expenses$4,765,010
Net Income$340,998
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Oct 23, 2021
Return Version
2020v4.1
Gross Receipts
$5,106,008
Mission and Program Overview

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.

Credit union member service/thrift

Balance Sheet Detail
LineBeginningEndChange
Assets
Other Notes and Loans Receivable, Net$66,099,402$63,970,186▼ $2,129,216
Investments Other Securities$27,574,633$27,022,399▼ $552,234
Savings and Temporary Cash Investments$5,088,282$14,974,507▲ $9,886,225
Rtn Earn Endowment Incm Other Fnds$14,199,930$14,540,928▲ $340,998
Cash and Non-Interest-Bearing Accounts$785,144$943,990▲ $158,846
Land, Buildings, and Equipment, Net$978,940$923,669▼ $55,271
Intangible Assets$203,957$203,957→ $0
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$102,221,120$109,766,973▲ $7,545,853
Other Assets Total$1,490,762$1,728,265▲ $237,503
Liabilities
Other Liabilities$86,611,334$93,853,839▲ $7,242,505
Accounts Payable and Accrued Expenses$1,409,856$1,372,206▼ $37,650
Total Liabilities$88,021,190$95,226,045▲ $7,204,855
Net Assets / Fund Balance
Total Net Assets Fund Balance$14,199,930$14,540,928▲ $340,998
Total Liabilities and Net Assets / Fund Balance$102,221,120$109,766,973▲ $7,545,853

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$474,024$1,668,638-
Land$276,500--
Equipment$172,328$687,735-
Leasehold Improvements$817$225,495-
Other Securities$156,700--
Closely Held Equity Interests$75,000--
Compensation and Service Providers
Top Officer Pay24th percentile

Employees

NameTitleFull / Part TimeBaseTotal
James DonahueTreasurerFT$160,495$160,495

Board Members and Trustees

NameTitle
Mathew NewhallVice Chairperson
Paul CrowleyVice Chairperson
George W Honor JrDirector
Keith KenyonDirector
Kevin J ChilesDirector
Kevin MonahanDirector
Nilsen GarciaDirector
Paul BarronSecretary/director
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$4,670,058
Investment Income
$435,950
Other Revenue
$0
Change in Net Assets
$340,998

Audited Revenue Reconciliation

Revenue per Audited Statements
$5,106,008
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$5,106,008
Total Revenue per Form 990
$5,106,008
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$2,686,754
Salaries, Compensation, and Employee Benefits$2,078,256
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$1,377,218
Interest---$616,202
All Other Expenses---$277,786
Current Officers, Directors, Trustees, and Key Employees---$264,263
Other Employee Benefits---$225,122
Other Expenses---$178,271
Advertising---$136,242
Payroll Taxes---$134,727
Occupancy---$120,175
Depreciation Depletion---$113,881
Pension Plan Contributions---$76,926
Travel---$7,014
Total Functional Expenses$0$0$0$4,765,010

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$4,765,010
Total Expenses per Audited Statements$4,765,010
Total Expenses per Form 990$4,765,010
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Member Shares & Deposits$93,853,839
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
Audit committee
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 6

“The credit union is owned by its members.”

Form 990, Part VI, Section A, Line 7A

“Credit union members elect their volunteer board od directors who are also members of the credit union. One member, one vote.”

Form 990, Part VI, Section A, Line 7B

“Any major changes to the credit union's by-laws must be approved by the membership”

Form 990, Part VI, Section B, Line 11B

“The accounting manager prepares the 990. The president/ceo reviews the form for accuracy. The credit union's outside cpa auditor reviews the form and makes any necessary corrections before electronically filing the report on the credit union's behalf. The 990 is available for the board and supervisory committee to review.”

Form 990, Part VI, Section B, Line 15

“Professional credit union compensation surveys are obtained and provided to the board. The board uses this information in conjunction with review of the performance of the ceo to determine an appropriate compensation amount. The board votes on the ceo's compensation.”

Form 990, Part VI, Section C, Line 19

“The credit union's bylaws are avaialble upon request. Financial statements are posted in the cu main lobby and are available upon request. They can also be viewed on ncua's website.”

Filing and Contact Details

Filer

Filer Name
General Electric River Works Cu
EIN
04-6061145
Phone
7815990096
Address
947 WESTERN AVE, LYNN, MA 01905
Doing Business As
Riverworks Credit Union

Signing Officer

Name
James Donahue
Title
CEO
Phone
7815990096
Signed
2021-10-23
Discuss with paid preparer
Yes

Organization Details

Principal Officer
James Donahue
Formed
1936
Legal Domicile
Ma
Voting Board Members
9
Independent Board Members
8
Employees
25
Volunteers
10

Preparer

Firm
Walsh & Co
Address
31 CHURCH STREET SUITE 2, WINCHESTER, MA 01890
Preparer
Michael J Walsh CPA
Phone
7817210295
Raw XML Appendix399 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
IRS990/AccountantCompileOrReviewInd00
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt01409856
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt01372206
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0CREDIT UNION MEMBER SERVICE/THRIFT
IRS990/AdvertisingGrp/TotalAmt0136242
IRS990/AllOtherExpensesGrp/TotalAmt0277786
IRS990/AnnualDisclosureCoveredPrsnInd00
IRS990/AuditCommitteeInd01
IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0JAMES DONAHUE
IRS990/BooksInCareOfDetail/PhoneNum07815990096
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt0947 WESTERN AVENUE
IRS990/BooksInCareOfDetail/USAddress/CityNm0LYNN
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0MA
IRS990/BooksInCareOfDetail/USAddress/ZIPCd001905
IRS990/BusinessRlnWith35CtrlEntInd00
IRS990/BusinessRlnWithFamMemInd00
IRS990/BusinessRlnWithOrgMemInd00
IRS990/CapStkTrPrinCurrentFundsGrp/BOYAmt00
IRS990/CapStkTrPrinCurrentFundsGrp/EOYAmt00
IRS990/CashNonInterestBearingGrp/BOYAmt0785144
IRS990/CashNonInterestBearingGrp/EOYAmt0943990
IRS990/ChangeToOrgDocumentsInd00
IRS990/CntrctRcvdGreaterThan100KCnt00
IRS990/CollectionsOfArtInd00
IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt0264263
IRS990/CompensationFromOtherSrcsInd00
IRS990/CompensationProcessCEOInd01
IRS990/CompensationProcessOtherInd01
IRS990/ConflictOfInterestPolicyInd01
IRS990/ConservationEasementsInd00
IRS990/ConsolidatedAuditFinclStmtInd00
IRS990/CreditCounselingInd00
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt00
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt0435950
IRS990/CYOtherExpensesAmt02686754
IRS990/CYOtherRevenueAmt00
IRS990/CYProgramServiceRevenueAmt04670058
IRS990/CYRevenuesLessExpensesAmt0340998
IRS990/CYSalariesCompEmpBnftPaidAmt02078256
IRS990/CYTotalExpensesAmt04765010
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt05106008
IRS990/DecisionsSubjectToApprovaInd01
IRS990/DeductibleArtContributionInd00
IRS990/DeductibleNonCashContriInd00
IRS990/DelegationOfMgmtDutiesInd00
IRS990/DepreciationDepletionGrp/TotalAmt0113881
IRS990/Desc0MAINTENANCE OF MEMBER SHARE AND DEPOSIT ACCOUNTS, THE PAYMENT OF INTEREST THEREON
IRS990/DescribedInSection501c3Ind00
IRS990/DisregardedEntityInd00
IRS990/DocumentRetentionPolicyInd01
IRS990/DoingBusinessAsName/BusinessNameLine1Txt0RIVERWORKS CREDIT UNION
IRS990/DonorAdvisedFundInd00
IRS990/DonorRstrOrQuasiEndowmentsInd00
IRS990/ElectionOfBoardMembersInd01
IRS990/EmployeeCnt025
IRS990/EmploymentTaxReturnsFiledInd01
IRS990/FamilyOrBusinessRlnInd00
IRS990/FederalGrantAuditRequiredInd00
IRS990/ForeignActivitiesInd00
IRS990/ForeignFinancialAccountInd00
IRS990/ForeignOfficeInd00
IRS990/Form8282PropertyDisposedOfInd00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt010.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt110.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt210.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt310.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt410.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt510.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt610.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt740.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt810.00
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd5X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd6X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd7X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd8X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OfficerInd3X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt60
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt70
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt80
IRS990/Form990PartVIISectionAGrp/PersonNm0KEVIN J CHILES
IRS990/Form990PartVIISectionAGrp/PersonNm1PAUL BARRON
IRS990/Form990PartVIISectionAGrp/PersonNm2PAUL CROWLEY
IRS990/Form990PartVIISectionAGrp/PersonNm3KEITH KENYON
IRS990/Form990PartVIISectionAGrp/PersonNm4GEORGE W HONOR JR
IRS990/Form990PartVIISectionAGrp/PersonNm5KEVIN MONAHAN
IRS990/Form990PartVIISectionAGrp/PersonNm6NILSEN GARCIA
IRS990/Form990PartVIISectionAGrp/PersonNm7JAMES DONAHUE
IRS990/Form990PartVIISectionAGrp/PersonNm8MATHEW NEWHALL
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt7160495
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt80
IRS990/Form990PartVIISectionAGrp/TitleTxt0DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt1SECRETARY/DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt2VICE CHAIRPERSON
IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt8VICE CHAIRPERSON
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr01936
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt09
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt05106008
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd00
IRS990/IndependentAuditFinclStmtInd00
IRS990/IndependentVotingMemberCnt08
IRS990/IndivRcvdGreaterThan100KCnt02
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/IntangibleAssetsGrp/BOYAmt0203957
IRS990/IntangibleAssetsGrp/EOYAmt0203957
IRS990/InterestGrp/TotalAmt0616202
IRS990/InvestmentIncomeGrp/RelatedOrExemptFuncIncomeAmt0435950
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0435950
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsOtherSecuritiesGrp/BOYAmt027574633
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt027022399
IRS990/IRPDocumentCnt01602
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt02581868
IRS990/LandBldgEquipBasisNetGrp/BOYAmt0978940
IRS990/LandBldgEquipBasisNetGrp/EOYAmt0923669
IRS990/LandBldgEquipCostOrOtherBssAmt03505537
IRS990/LegalDomicileStateCd0MA
IRS990/LoanOutstandingInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd01
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0THE 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.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt014199930
IRS990/NetAssetsOrFundBalancesEOYAmt014540928
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/TotalAmt0120175
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501cInd0X
IRS990/OrgDoesNotFollowFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt01490762
IRS990/OtherAssetsTotalGrp/EOYAmt01728265
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0225122
IRS990/OtherExpensesGrp/Desc0DATA PROCESSING
IRS990/OtherExpensesGrp/Desc1LOAN SERVICING EXP
IRS990/OtherExpensesGrp/Desc2OFFICE OPERATIONS
IRS990/OtherExpensesGrp/Desc3PROFESSIONAL FEES
IRS990/OtherExpensesGrp/TotalAmt0546535
IRS990/OtherExpensesGrp/TotalAmt1389462
IRS990/OtherExpensesGrp/TotalAmt2301186
IRS990/OtherExpensesGrp/TotalAmt3178271
IRS990/OtherLiabilitiesGrp/BOYAmt086611334
IRS990/OtherLiabilitiesGrp/EOYAmt093853839
IRS990/OtherSalariesAndWagesGrp/TotalAmt01377218
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt066099402
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt063970186
IRS990/OwnWebsiteInd0X
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/TotalAmt0134727
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt00
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt00
IRS990/PensionPlanContributionsGrp/TotalAmt076926
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0JAMES DONAHUE
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0522100
IRS990/ProgramServiceRevenueGrp/BusinessCd1900099
IRS990/ProgramServiceRevenueGrp/BusinessCd2900099
IRS990/ProgramServiceRevenueGrp/Desc0INTEREST ON LOANS
IRS990/ProgramServiceRevenueGrp/Desc1OTHER INCOME
IRS990/ProgramServiceRevenueGrp/Desc2FEES INCOME
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt02962411
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt11162150
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt2545497
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt02962411
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt11162150
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt2545497
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0697975
IRS990/PYOtherExpensesAmt02810117
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt03962493
IRS990/PYRevenuesLessExpensesAmt078487
IRS990/PYSalariesCompEmpBnftPaidAmt01771864
IRS990/PYTotalExpensesAmt04581981
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt04660468
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt0340998
IRS990/RegularMonitoringEnfrcInd00
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd01
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt014199930
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt014540928
IRS990/SavingsAndTempCashInvstGrp/BOYAmt05088282
IRS990/SavingsAndTempCashInvstGrp/EOYAmt014974507
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt0474024
IRS990ScheduleD/BuildingsGrp/DepreciationAmt01668638
IRS990ScheduleD/BuildingsGrp/InvestmentCostOrOtherBasisAmt02142662
IRS990ScheduleD/CloselyHeldEquityInterestsGrp/BookValueAmt075000
IRS990ScheduleD/CloselyHeldEquityInterestsGrp/MethodValuationCd0C
IRS990ScheduleD/EquipmentGrp/BookValueAmt0172328
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0687735
IRS990ScheduleD/EquipmentGrp/InvestmentCostOrOtherBasisAmt0860063
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt04765010
IRS990ScheduleD/LandGrp/BookValueAmt0276500
IRS990ScheduleD/LandGrp/InvestmentCostOrOtherBasisAmt0276500
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt0817
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt0225495
IRS990ScheduleD/LeaseholdImprovementsGrp/InvestmentCostOrOtherBasisAmt0226312
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt093853839
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0MEMBER SHARES & DEPOSITS
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt026790699
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt1156700
IRS990ScheduleD/OtherSecuritiesGrp/Desc0INTEREST BEARING DEPOSITS
IRS990ScheduleD/OtherSecuritiesGrp/Desc1FHLB STOCK
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd0C
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd1C
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt05106008
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0923669
IRS990ScheduleD/TotalBookValueSecuritiesAmt027022399
IRS990ScheduleD/TotalExpensesPerForm990Amt04765010
IRS990ScheduleD/TotalLiabilityAmt093853839
IRS990ScheduleD/TotalRevenuePerForm990Amt05106008
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt05106008
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt04765010
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt0160495
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0JAMES DONAHUE
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0TREASURER
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt0160495
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt00
IRS990ScheduleJ/SeverancePaymentInd00
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE CREDIT UNION IS OWNED BY ITS MEMBERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1CREDIT UNION MEMBERS ELECT THEIR VOLUNTEER BOARD OD DIRECTORS WHO ARE ALSO MEMBERS OF THE CREDIT UNION. ONE MEMBER, ONE VOTE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ANY MAJOR CHANGES TO THE CREDIT UNION'S BY-LAWS MUST BE APPROVED BY THE MEMBERSHIP
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ACCOUNTING MANAGER PREPARES THE 990. THE PRESIDENT/CEO REVIEWS THE FORM FOR ACCURACY. THE CREDIT UNION'S OUTSIDE CPA AUDITOR REVIEWS THE FORM AND MAKES ANY NECESSARY CORRECTIONS BEFORE ELECTRONICALLY FILING THE REPORT ON THE CREDIT UNION'S BEHALF. THE 990 IS AVAILABLE FOR THE BOARD AND SUPERVISORY COMMITTEE TO REVIEW.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4PROFESSIONAL CREDIT UNION COMPENSATION SURVEYS ARE OBTAINED AND PROVIDED TO THE BOARD. THE BOARD USES THIS INFORMATION IN CONJUNCTION WITH REVIEW OF THE PERFORMANCE OF THE CEO TO DETERMINE AN APPROPRIATE COMPENSATION AMOUNT. THE BOARD VOTES ON THE CEO'S COMPENSATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE CREDIT UNION'S BYLAWS ARE AVAIALBLE UPON REQUEST. FINANCIAL STATEMENTS ARE POSTED IN THE CU MAIN LOBBY AND ARE AVAILABLE UPON REQUEST. THEY CAN ALSO BE VIEWED ON NCUA'S WEBSITE.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION A, LINE 7B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART VI, SECTION C, LINE 19
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0102221120
IRS990/TotalAssetsEOYAmt0109766973
IRS990/TotalAssetsGrp/BOYAmt0102221120
IRS990/TotalAssetsGrp/EOYAmt0109766973
IRS990/TotalCompGreaterThan150KInd01
IRS990/TotalEmployeeCnt025
IRS990/TotalFunctionalExpensesGrp/TotalAmt04765010
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt088021190
IRS990/TotalLiabilitiesEOYAmt095226045
IRS990/TotalLiabilitiesGrp/BOYAmt088021190
IRS990/TotalLiabilitiesGrp/EOYAmt095226045
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt014199930
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt014540928
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceRevenueAmt04670058
IRS990/TotalReportableCompFromOrgAmt0160495
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt05106008
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt05106008
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt010
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0102221120
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0109766973
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/TotalAmt07014
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/USAddress/AddressLine1Txt0947 WESTERN AVE
IRS990/USAddress/CityNm0LYNN
IRS990/USAddress/StateAbbreviationCd0MA
IRS990/USAddress/ZIPCd001905
IRS990/VotingMembersGoverningBodyCnt09
IRS990/VotingMembersIndependentCnt08
IRS990/WebsiteAddressTxt0RWCU.COM
IRS990/WhistleblowerPolicyInd01
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd02
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0JAMES DONAHUE
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CEO
ReturnHeader/BusinessOfficerGrp/PhoneNum07815990096
ReturnHeader/BusinessOfficerGrp/SignatureDt02021-10-23
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0GENERAL ELECTRIC RIVER WORKS CU
ReturnHeader/Filer/BusinessNameControlTxt0GENE
ReturnHeader/Filer/EIN0046061145
ReturnHeader/Filer/PhoneNum07815990096
ReturnHeader/Filer/USAddress/AddressLine1Txt0947 WESTERN AVE
ReturnHeader/Filer/USAddress/CityNm0LYNN
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MA
ReturnHeader/Filer/USAddress/ZIPCd001905
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0043209238
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0WALSH & CO
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt031 CHURCH STREET SUITE 2
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0WINCHESTER
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd001890
ReturnHeader/PreparerPersonGrp/PhoneNum07817210295
ReturnHeader/PreparerPersonGrp/PreparationDt02021-10-21
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0MICHAEL J WALSH CPA
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02021-10-23T07:54:06-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0JAMES
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0DONAHUE
ReturnHeader/TaxPeriodBeginDt02020-01-01
ReturnHeader/TaxPeriodEndDt02020-12-31
ReturnHeader/TaxYr02020

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2020 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$109,766,973
Liabilities
$95,226,045
Net assets
$14,540,928
Revenue
$5,106,008
Expenses
$4,765,010
Net income
$340,998
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$151$135$16.5$8.28$7.85$0.43
2023Detailed filing. Detailed filing data is available for this year.$124$107$16.1$6.43$5.56$0.87
2022Detailed filing. Detailed filing data is available for this year.$113$97.3$15.2$4.57$4.40$0.17
2021Detailed filing. Detailed filing data is available for this year.$115$100.0$15.0$5.01$4.52$0.49
2020Detailed filing. Detailed filing data is available for this year.$110$95.2$14.5$5.11$4.77$0.34
2019Detailed filing. Detailed filing data is available for this year.$102$88.0$14.2$4.66$4.58$0.08
2018Detailed filing. Detailed filing data is available for this year.$103$88.6$14.1$4.64$4.45$0.19
2017Detailed filing. Detailed filing data is available for this year.$106$92.4$13.9$4.59$4.36$0.23
2016Detailed filing. Detailed filing data is available for this year.$107$93.3$13.7$6.10$5.66$0.44
2015Detailed filing. Detailed filing data is available for this year.$106$92.7$13.3$5.53$4.37$1.17
2014Detailed filing. Detailed filing data is available for this year.$103$90.7$12.1$5.52$4.21$1.30
2013Detailed filing. Detailed filing data is available for this year.$94.3$83.4$10.9$4.81$4.07$0.74
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$83.8$73.6$10.2$4.21
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$85.8$76.7$9.16$4.44
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$82.4$74.4$8.04$4.78
Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 2020 filings • 501(c)14 • $100M-$250M nonprofits