Bank Confidently with Riverset
Riverset is non-profit. We are here to serve our members, not stockholders. Every dollar you invest is reinvested in you.
Who We Are...
Riverset is one of Pittsburgh’s oldest credit unions. We were founded on March 20, 1934 as Pittsburgh Teachers Credit Union, to serve employees of Pittsburgh Public Schools and the Board of Education. In 2005 we merged with McKeesport Hospital Employees FCU and changed from a single employer group (SEG) to a multi common bond charter to include associational and occupational groups. In 2008 we merged with Duke Federal Credit Union and secured approval to service the South Side and surrounding areas of Pittsburgh. Later in 2008 Pittsburgh Teachers Credit Union officially changed its name and logo to become Riverset Credit Union and requested approval to service all those who live, work, regularly conduct business, worship, or attend school in Allegheny, Beaver, and Butler counties. Today we hold true to our mission to provide sound, innovative, and efficient banking services to current and future members.
What we do…
Riverset is a full service financial institution offering those eligible for membership an alternative banking option. As a not-for-profit financial cooperative, we are obligated to educate our members on the importance of financial literacy, give back to the community, and ensure that we are only serving our member’s best interests. We live by the credit union philosophy of “people helping people”.
How we are different…
We exist only to serve our members, not to make a profit. As a result, your investment in Riverset gets reinvested back to our membership in the form of lower fees, higher dividend rates on savings products, and lower interest rates on loan products. Unlike most other financial institutions which use profits to issue stock or pay dividends to outside shareholders. Our goal is to serve all of our members to the best of our abilities, including those of modest means – because every member counts. Our members are fiercely loyal for this reason. They know Riverset will be there for them in bad times, as well as good.
Why become a member…
If you are a hard working person who believes that playing by the rules and giving back what you can, when you can are the keys to building a better community – Riverset Credit Union is where you belong. If you understand the value of a dollar saved, and are tired of getting lackluster service from your current bank – Riverset Credit Union is the place for you. Become a member today and see how Riverset can help you reach your financial goals.
Get the Rewards You Deserve
With a Riverset PayBack VISA® Credit Card you can earn 1% cash back rewards on all purchases, all the time, with no limits. Stop jumping through hoops with other cards. Get the card that pays you back.
Shop Smart and Drive Happy
Research and build your next new car, view inventory at thousands of local dealerships, find out what your current car is worth, and so much more. Check out what Riverset has to offer in our Member Auto Center and start shopping smart, so you can drive happy.