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Overview / Commentary
412-488-2525
1700 Jane St
Pittsburgh, PA 15203

Riverset Credit Union is headquartered in Pittsburgh and is the 48th largest credit union in the state of Pennsylvania. It is also the 1,327th largest credit union in the nation. It was established in 1934 and as of March of 2014, it had grown to 26 employees and 14,954 members. Riverset Credit Union has a A health rating.

Field of Membership Restrictions

Must live, work, worship or attend school in Allegheny, Beaver or Butler County. - See Details

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Health

Data for Q1 2014

Institution Health

A

Texas Ratio

GRADE:
A+

The Texas Ratio is an indicator of how much capital a bank has available compared to the total value of loans considered at risk. As of March 31, 2014 Riverset Credit Union had $265,000 in non-current loans and owned real-estate with $23.79 million in equity and loan loss allowances on hand to cover it. This gives Riverset Credit Union a Texas Ratio of 1.11% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
A+

The Texas Ratio for Riverset Credit Union decreased dramatically from 1.90% as of March 31, 2013 to 1.11% as of March 31, 2014, resulting in a positive change of 41.49%.This indicates that the balance sheet and financial strength for Riverset Credit Union has improved dramatically in recent periods.

Deposit Growth

GRADE:
C

In the past year, Riverset Credit Union has decreased its total deposits by -$2.32 million, resulting in -2.29% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth Riverset Credit Union has shown is average.

Capitalization

GRADE:
A+

Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. Riverset Credit Union has $122.95 million in assets with $23.79 million in equity, resulting in a capitalization level of 19.35%, which is excellent.

Institution Statistics

Overall
NCUA #65138
Year Chartered1934
Employees26
Primary Regulator
Assets and Liabilities
Assets$122.95 million
Loans$71.14 million
Deposits$98.97 million
Equity Capital$23.30 million
Loan Loss Allowance$487,000
Unbacked Noncurrent Loans$265,000
Real Estate Owned$0
Historic Data - March 2013
Assets$125.71 million
Equity Capital$23.20 million
Loan Loss Allowance$591,000
Unbacked Noncurrent Loans$265,000
Real Estate Owned$0
Profit Margin - Quarterly
Net Interest Margin1.12%
Return on Assets0.18%
Return on Equity0.93%
Interest Income$963,000
Rates

Always verify rates and promotions with the bank or credit union. We are not Riverset Credit Union, we are a rate comparison website and can not provide official rates or promotions.

Riverset Credit Union Savings Account Rates

DetailsAPYMINMAXPRODUCT
0.25%$100-IRA Share Accumulation Account
0.10%$100-Regular Share Account
0.10%$100-Vacation Club Account

Riverset Credit Union Money Market Rates

DetailsAPYMINMAXPRODUCT
0.20%$25k-Riverset Money Market Account

Riverset Credit Union Checking Account Rates

DetailsAPYMINMAXPRODUCT
0.15%$1,500-Checking with Interest Account

Riverset Credit Union CD Rates

DetailsAPYMINMAXPRODUCT
1.25%$500-60 month CD
1.00%$500-48 Month CD
0.75%$500-36 Month CD
0.35%$500-24 Month CD
0.25%$500-12 Month CD
0.20%$500-6 Month CD

Riverset Credit Union IRA Rates

DetailsAPYMINMAXPRODUCT
1.25%$500-60 Month IRA
1.00%$500-48 month IRA
0.75%$500-36 Month IRA
0.35%$500-24 Month IRA
0.25%$500-12 Month IRA
0.20%$500-6 Month IRA
Locations


Riverset Credit Union Locations
Branch Office53 S 10th StPittsburgh, PA 15203
Branch Office532 S Aiken Ave Suite 217, Aiken MedicalBuildingPittsburgh, PA 15232
Branch Office1700 Jane StPittsburgh, PA 15203