Riverfront Federal Credit Union is headquartered in Reading and is the 34th largest credit union in the state of Pennsylvania. It is also the 1,080th largest credit union in the nation. It was established in 1948 and as of September of 2020, it had grown to 49 employees and 21,577 members at 3 locations. Riverfront Federal Credit Union's money market rates are 59% higher than the national average, and it has an A health rating.
Riverfront Federal Credit Union is open to individuals who live, work, worship, or attend school in Berks County, Pennsylvania, or are a legal entity doing business in Berks County. Membership is also open to immediate family of current members.
See current membership details
I made a choice to switch to a credit union earlier this year after using a local bank for years. After moving to different location in my state, my bank did not have any locations in the area, so I had to switch, and their checking fees were a bit too high for me. I decided to change my services to a credit union because I heard nothing but good things about them. I am so glad I did. Their service has been exceptional. They tellers and financial advisors are all super friendly and helpful, and know me by name, obviously because they are a smaller institution and have fewer customers. They also participate in shared branching, which is great because if I need to deposit money in my checking account anywhere, I can go to another credit union regardless of brand and deposit money in my account, if that other credit union participates in shared branching as well, which is a great feature. The credit union I use also does not charge me a fee for having under a certain amount in my account which is also something that is great, and something my last bank did.
Overall | |
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NCUA # | 5856 |
Year Chartered | 1948 |
Employees | 49 |
Primary Regulator |
Profit Margin | |
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Return on Assets - YTD | 0.24% |
Return on Equity - YTD | 2.5% |
Annual Interest Income | $5.5MM |
Assets and Liabilities | ||
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Assets | Q3 2020vs Q3 2019 | $224.6MM$183.2MM |
Loans | Q3 2020vs Q3 2019 | $139.3MM$111.3MM |
Deposits | Q3 2020vs Q3 2019 | $202.9MM$163.2MM |
Equity Capital | Q3 2020vs Q3 2019 | $20.9MM$19.1MM |
Loan Loss Allowance | Q3 2020vs Q3 2019 | $943.00K$928.00K |
Unbacked Noncurrent Loans | Q3 2020vs Q3 2019 | $417.00K$459.00K |
Real Estate Owned | Q3 2020vs Q3 2019 | $0$0 |
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.
APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
---|---|---|---|---|---|
0.70%* | $250k* | - | Step- Up Money Market | ||
OTHER TIERS: 0.50% → $5k - $10k | 0.55% → $10k - $25k | 0.60% → $25k - $100k | 0.65% → $100k - $250k | |||||
0.15% | $500 | - | Money Market |
APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
---|---|---|---|---|
0.05% | - | - | Checking |
Riverfront Federal Credit Union Locations | ||
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Branch Office | 2001 Museum Rd | Wyomissing, PA 19610-2859 |
Branch Office | 430 S 4th St | Reading, PA 19602-2630 |
Corporate Office | 2609 Keiser Blvd | Wyomissing, PA 19610 |