2026-06-16T15:07:55-04:00 2025-12-31 472604526 MYSTIC ACCOUNTING GROUP LLP PO BOX 397 MYSTIC CT 06355 990 2025-01-01 046061145 RIVER WORKS CREDIT UNION RIVE 7815990096 947 WESTERN AVE LYNN MA 01905 JAMES DONAHUE CEO/TREASURER 7815990096 2026-06-16 true THEODOROS POULOPOULOS P02260731 8605361040 2026-06-16 2025 2025-03-06 01:10:19Z JAMES DONAHUE 947 WESTERN AVE LYNN MA 01905 10231359 false X RWCU.COM X 1936 MA CREDIT UNION MEMBER SERVICE/THRIFT 11 10 26 8 8925 0 6329700 8375736 1167335 1125183 781958 730440 8278993 10231359 0 0 2360880 2401162 0 0 5489092 7190457 7849972 9591619 429021 639740 151358711 184606689 134854665 167762879 16504046 16843810 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. false false MAINTENANCE OF MEMBER SHARE AND DEPOSIT ACCOUNTS, THE PAYMENT OF INTEREST THEREON. NUMBER OF DEPOSIT ACCOUNTS IS 10,463. NUMBER OF LOAN ACCOUNTS IS 992. false false false false false false false true false true false false false true true true false false false false false false false false false false false false true false false false false true false false false false false false false false false true 2131 0 26 true true true false false false false false false false X 11 10 false false false false true true true true true false false true true false false true true true true false MA X JAMES DONAHUE 7815990096 947 WESTERN AVE LYNN MA 01905 JAMES DONAHUE CEO/TREASURE 40.00 X X 218077 0 33326 KEVIN J CHILES CHAIRPERSON 10.00 X X 0 0 0 PAUL T CROWLEY VICE CHAIRPE 25.00 X X 7249 0 0 GEORGE HONOR DIRECTOR 10.00 X 0 0 0 PAUL BARRON SECRETARY/DI 10.00 X X 0 0 0 KEVIN MONAHAN DIRECTOR 10.00 X 0 0 0 KEITH KENYON DIRECTOR 10.00 X 0 0 0 NILSON GARCIA DIRECTOR 10.00 X 0 0 0 COLLEEN TWINEM AVP OPERATIO 40.00 X 155481 0 8865 PETER KOPOULOS CFO 40.00 X 141231 0 8049 TIM LONG DIRECTOR 10.00 X 0 0 0 JOHN MAGAZZU DIRECTOR 10.00 X 0 0 0 522038 50240 5 false true false CONNECTICUT ONLINE - COCC 100 EXECUTIVE BLVD SOUTHINGTON CT 06489 DATA PROCESSING 757018 MASS GENERAL BRIGHAM HEALTHCARE 55 FRUIT STREET BOSTON MA 02114 HEALTHCARE 234726 FISERV 600 N VEL R PHILLIPS AVE MILWAUKEE WI 53203 TECH SOLUTIONS 101182 3 INTEREST ON LOANS 522100 8375736 8375736 8375736 1125183 1125183 FEE AND SERVICE CHARGES 900099 691243 691243 OTHER NON INTEREST INCOME 900099 30272 30272 ATM SURCHARGES 900099 8925 8925 730440 10231359 10222434 8925 870985 1101647 66779 218520 143231 86327 38995 96983 815192 355451 26949 4166463 143323 50858 MISCELLANEOUS COSTS 384350 LOAN SERVICING COSTS 298178 PROFESSIONAL FEES 278164 OPERATIONS EXPENSE 151635 297589 9591619 0 0 0 12002478 19552310 6910151 8540399 123929794 146590178 102271 104352 4995665 3218557 1859720 1777108 156700 156700 203957 203957 6193640 7681685 151358711 184606689 1657003 1858619 317724 324794 132879938 165579466 134854665 167762879 X 16504046 16843810 16504046 16843810 151358711 184606689 X 639740 -299976 X false true X true false false true X 1244667 1244667 2340557 2014356 326201 226312 226312 1184129 977889 206240 1777108 MEMBER SHARES AND DEPOSITS 165579466 165579466 X 10231359 10231359 10231359 9591619 9591619 9591619 SCHEDULE D, PAGE 2, PART IV, LINE 2B MORTGAGE ESCROW ACCOUNTS HELD FOR THE PAYMENT OF REAL ESTATE TAXES FOR MUNICIPALITIES. SCHEDULE D, PAGE 3, PART X THE CREDIT UNION FOLLOWS FASB ACCOUNTING STANDARDS CODIFICATION 740-10, ACCOUNTING FOR UNCERTAINTIES IN INCOME TAXES, AND HAS EVALUATED ITS TAX POSITIONS TAKEN FOR ALL OPEN YEARS AND HAS DETERMINED THAT THERE ARE NO UNCERTAIN TAX POSITIONS THAT QUALIFY FOR EITHER RECOGNITION OR DISCLOSURE. X X false false false JAMES DONAHUE CEO/TREASURER 218077 32039 1287 251403 COLLEEN TWINEM AVP OPERATIONS 155481 7774 1091 164346 AMY BERBINE DAUGHTER 43401 W-2 EMPLOYEE false SCHEDULE L, PART V THE CREDIT UNION EXTENDS CREDIT IN LOANS TO ITS EMPLOYEES AND BOARD OF DIRECTORS USING THE SAME GUIDELINES AS AVAILABLE TO ALL MEMBERS. FORM 990, PAGE 6, PART VI, LINE 6 THE CREDIT UNION IS OWNED BY ITS MEMBERS. FORM 990, PAGE 6, PART VI, LINE 7A CREDIT UNION MEMBERS ELECT THEIR VOLUNTEER BOARD OF DIRECTORS WHO ARE ALSO MEMBERS OF THE CREDIT UNION. ONE MEMBER, ONE VOTE. FORM 990, PAGE 6, PART VI, LINE 7B ANY MAJOR CHANGES TO THE CREDIT UNION'S BY-LAWS MUST BE APPROVED BY THE MEMBERSHIP. FORM 990, PAGE 6, PART VI, LINE 11B THE CFO PREPARES FINANCIAL DOCUMENTS FOR THE 990. THE CREDIT UNION'S OUTSIDE CPA AUDITOR REVIEWS THE INFORMATION AND MAKES ANY NECESSARY ADJUSTMENTS WITH THE PREPARATION OF THE 990. THE 990 IS THEN REVIEWED BY THE CEO AND CFO PRIOR TO THE ELECTRONIC FILING OF THE REPORT. THE 990 IS AVAILABLE FOR THE BOARD AND SUPERVISORY COMMITTEE TO REVIEW. FORM 990, PAGE 6, PART VI, LINE 15A 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, PAGE 6, PART VI, LINE 15B BOARD COMMITTEE REVIEWS ECONOMY AND PERFORMANCE AND MAKES A RECOMMENDATION TO THE BOARD OF DIRECTORS. THE BOARD OF DIRECTORS VOTES TO APPROVE ANY WAGE INCREASE. FORM 990, PAGE 6, PART VI, LINE 19 THE CREDIT UNION'S BYLAWS ARE AVAILABLE UPON REQUEST. FINANCIAL STATEMENTS ARE POSTED IN THE CREDIT UNION'S MAIN LOBBY AND ARE AVAILABLE UPON REQUEST. THEY CAN ALSO BE VIEWED ON NCUA'S WEBSITE. FORM 990, PART XI, LINE 9 ADJUSTMENT OF (299,976) TO REMOVE LEASE LIABILITY REPORTED ON PREVIOUS YEAR RETURN.