Riverset Credit Union

1700 Jane Street
Pittsburgh, PA 15203
412.488.2525
www.riverset.com

NCUA

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Riverset Credit Union is headquartered in Pittsburgh and is the 48^th largest credit union in the state of Pennsylvania. It is also the 1,300^th largest credit union in the nation. It was established in 1934 and as of December of 2012, it had grown to 27 employees and 15,108 members. Riverset Credit Union has a 5-star health rating.

Riverset Credit Union Routing Number: 243084294

Riverset Credit Union's $150 Checking Bonus in Pittsburgh - Local Only - 10/28/2011

Keep an eye out for credit unions promotions. With so much publicity of Bank of America's new debit card fees and the November 5th Bank Transfer Day , credit unions are hoping to attract people fleein ...

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See Rates for: Checking | Savings | Money Market | CD | IRA

Riverset Credit Union Checking Account Rates

	Apy	Min	Max	Product
	0.15%	$1,500	-	Checking with Interest Account

Riverset Credit Union Savings Account Rates

Apy	Min	Max	Product
0.25%	$100	-	IRA Share Accumulation Account
0.10%	$100	-	Regular Share Account
0.10%	-	-	Vacation Club Account

Riverset Credit Union Money Market Rates

	Apy	Min	Max	Product
	0.20%	$25k	-	Riverset Money Market Account

Riverset Credit Union CD Rates

Apy	Min	Max	Product
1.15%	$500	-	5 Year CD
0.85%	$500	-	4 Year CD
0.75%	$500	-	3 Year CD
0.35%	$500	-	2 Year CD
0.25%	$500	-	1 Year CD
0.20%	$500	-	6 Month CD

Riverset Credit Union IRA Rates

Apy	Min	Max	Product
1.15%	$500	-	5 Year IRA
0.85%	$500	-	4 Year IRA
0.75%	$500	-	3 Year IRA
0.35%	$500	-	2 Year IRA
0.25%	$500	-	1 Year IRA
0.20%	$500	-	6 Month IRA

Rates updated: 5/22/2013

Data for Q4 2012

Institution Statistics

RIVERSET CREDIT UNION
NCUA #	65138
BankRate Report	View
Year Chartered	1934
Employees	27
Primary Regulator
Assets and Liabilities
Assets	$120.73 million
Loans	$67.56 million
Deposits	$96.95 million
Equity Capital	$23.15 million
Loan Loss Allowance	$585,000
Unbacked Noncurrent Loans	$407,000
Historic Data - December 2011
Assets	$120.55 million
Equity Capital	$22.98 million
Loan Loss Allowance	$622,000
Unbacked Noncurrent Loans	$705,000
Profit Margin - Quarterly
Net Interest Margin	5.01%
Return on Assets	0.13%
Return on Equity	0.68%
Interest Income	$3.86 million
Non-Interest Income	$1.47 million

Institution Health

Overall Score:

5 out of 5

Texas Ratio
The Texas Ratio is an indicator of how much funds a bank has available compared to the total value of loans considered at risk. As of December 31, 2012 Riverset Credit Union had $407,000 in non-current loans and owned real-estate with $23.74 million in equity and loan loss allowances on hand to cover it. This gives Riverset Credit Union a Texas Ratio of 1.71% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
Texas Ratio Trend
The Texas Ratio for Riverset Credit Union decreased significantly from 2.99% as of December 31, 2011 to 1.71% as of December 31, 2012, resulting in a positive change of 42.60%.This indicates that the balance sheet and financial strength for Riverset Credit Union has improved significantly in recent periods.
Deposit Growth
In the past year, Riverset Credit Union has increased its total deposits by $363,000, resulting in 0.38% 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
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 $120.73 million in assets with $23.74 million in equity, resulting in a capitalization level of 19.66%, which is excellent.