RIVERSET CREDIT UNION is no longer an active credit union according to the NCUA. If available, you can view their website at https://www.riverset.com for more information.
Dec, 31, 2023 — RIVERSET CREDIT UNION is a federally insured state chartered credit union headquartered in Pittsburgh, PA with 1 branch location and about $117.63 million in total assets. Opened 90 years ago in 1934, RIVERSET CREDIT UNION has about 9,685 members and employs 17 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | RIVERSET CREDIT UNION |
|---|---|
| Address: (Main Office) | 1700 Jane St Pittsburgh, PA 15203 |
| Phone: | (412) 488-2525 |
| Fax: | (412) 488-2545 |
| Website: | https://www.riverset.com |
| Branches: | 1 branch locations |
| Members: | 9,685 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 65138 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1934 |
| Last Audited: | Dec 01, 2019 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $117,627,083 |
| CEO/Manager: | Christine A Chojnicki |
| Chairperson: | George J Gensure |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 47,513,922 |
| TOTAL INVESTMENTS | 1,191,661 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 29,037,278 |
| Unsecured Loans | 7,257,609 |
| Other Loans | 29,371,259 |
| TOTAL LOANS | 65,666,146 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -499,920 |
| Land And Building | 1,743,660 |
| Other Fixed Assets | 62,164 |
| NCUSIF Deposit | 922,124 |
| All Other Assets | 1,027,326 |
| TOTAL ASSETS | 117,627,083 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 21,851 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 82,106 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 14,841,000 |
| Regular shares | 29,376,746 |
| All Other Shares & Deposits | 46,612,629 |
| TOTAL SHARES & DEPOSITS | 90,830,375 |
| TOTAL LIABILITIES | 90,934,332 |
| Regular Reserve | 1,874,209 |
| Other Reserves | 0 |
| Undivided Earnings | 24,818,542 |
| TOTAL EQUITY | 26,692,751 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 117,627,083 |
| INCOME & EXPENSE | |
| Loan Income | 3,329,762 |
| Investment Income | 148,041 |
| Other Income | 1,067,766 |
| Total Employee Compensation & Benefits | 1,551,659 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 2,383,391 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 260,000 |
| Cost of Funds | 347,536 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 2,983 |
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