rates

rates

Loans| Savings| Certificates| Vehicle Loans

Dividend Rates
Dividend Rate

APY*

Term

Regular Share (April 2010 - June 2010)** 0.400 0.400 n/a

12 Month Pay Club (Posted at disbursement) 0.250 0.250 12

Holiday Club (Posted at disbursement)
0.250
0.250 12

riverset Money Market - $5,000 - $24,999.99 (June 1, 2010 - June 30, 2010)***
0.600 0.600 n/a

riverset Money Market - $25,000+ (June 1, 2010 - June 30, 2010)*** 0.750 0.750
n/a

Vacation Club (April 2010 - June 2010) 0.250 0.250 n/a

riverset Free Checking Account 0.000 0.000 n/a

Checking with Interest (June 1, 2010 - June 30, 2010)**** 0.500 0.500 n/a

IRA Share Accumulation** 2.000 2.000 n/a

* APY = Annual Percentage Yield

**$100 minimum deposit to earn dividend

***Dividends will not be posted if: (1) the account is closed before the monthly dividend is posted, and (2) the account drops below $5,000 on any day during the month, the account will not earn a dividend for that day(s) only.

****$1500 average daily balance, Direct Deposit of net paycheck, Visa Debit Card, eStatement and Free Bill Pay enrollment required to earn dividend.
The rate and the APY are subject to change.

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Share Certificates (Rates as of July 28, 2010)
Dividend Rate

APY*
Term (in months)

6 Month 1.150 1.150 6

One Year 1.240 1.250 12

Two Year 1.690 1.700 24

Three Year 2.080 2.100 36

Four Year 2.230 2.250 48

Five Year 2.720 2.750 60

* APY = Annual Percentage Yield
The rate and the APY are subject to change.
$500.00 minimum deposit to open a share certificate and obtain the APY.

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IRA Certificates (Rates as of July 28, 2010)
Dividend Rate

APY*

Term (in months)

6 Month 1.350 1.350 6

One Year 1.490 1.500 12

Two Year 1.940 1.950 24

Three Year 2.330 2.350 36

Four Year 2.480 2.500 48

Five Year 3.260 3.300 60

* APY = Annual Percentage Yield
The rate and the APY are subject to change.
$500.00 minimum deposit to open an IRA certificate and obtain the APY.

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Personalized Loan Pricing

Rates are effective July 28, 2010 and are subject to change. See notices page.

The Annual Percentage Rate (APR) you receive will be within the range disclosed below and is based on your credit worthiness.

APR* Range
Approx. Term (in months)

Home Equity - Fixed Rate (First Lien)
4.64%-        5.89%
60

Home Equity - Fixed Rate (First Lien)
5.25%-        6.90%
120

Home Equity - Fixed Rate (First Lien)
5.50%-        7.00%
144

Home Equity - Fixed Rate (Second Lien)
4.89%-        7.39%
60

Home Equity - Fixed Rate (Second Lien)
5.50%-        8.50%
120

Home Equity - Fixed Rate (Second Lien)
5.70%-        8.75%
144

Line-of-Credit/Signature
7.50%-       15.50%
01-36

Line-of-Credit/Signature
7.75%-       15.75%
37-48

Line-of-Credit/Signature
8.25%-       16.25%
49-60

Line-of-Credit/Signature (Amounts > $15,000)
8.50%-       16.50%
61-72

Loans (effective July 28, 2010)
APR*
Approx. Term (in months)

Home Equity Line-of-Credit**                        Variable Interest Rate  (Up to - $5,000.00)

3.25%
(Prime + 0%)
up to 60

Home Equity Line-of-Credit**                        Variable Interest Rate  ($5000.01 - $10,000.00)

3.25%
(Prime + 0%)
up to 90

Home Equity Line-of-Credit**                        Variable Interest Rate  ($10,000.01 - $15,000.00)

3.25%
(Prime + 0%)
up to 120

Home Equity Line-of-Credit**                        Variable Interest Rate  ($15,000.01 - $20,000.00)

3.25%
(Prime + 0%)
up to 180

Home Equity Line-of-Credit**                        Variable Interest Rate  ($20,000.01 - $150,000.00)

3.25%
(Prime + 0%)
up to 240

Computer

8.00%
01-24

Shares Secured

4.00%
01-36

Shares Secured

6.00%
01-60

Share Certificate Secured***

Certificate rate + 2%
01-84

Education
8.00%
01-48

Vehicle Loans (effective July 28, 2010)
APR * †
Approx. Term (in months)

New Vehicle 2009-2010
4.39%-        12.39%
01-54

New Vehicle 2009-2010
4.69%-        12.69%
55-66

New Vehicle 2009-2010
5.09%-        13.09%
67-72

Used Vehicle 2008-2010
4.94%-        12.94%
01-66

Used Vehicle 2006-2007
5.14%-        13.14%
01-63

Used Vehicle 2003-2005
6.14%-        14.14%
01-54

Used Vehicle 1991-2002                         (Older Used Car Guide)

6.89%-        14.89%
01-36

* Low end of range shown may include the rate given to members with an 'A+' credit score (775 & up). Your actual APR or APY may vary based on a review of your credit application. Rate ranges may also include a promotional .25% rate reduction given to members having Direct Deposit of their net pay into their credit union account. Quarter-percent rate reduction is currently given on Auto Loans, Signature Loans, and Personal Lines of Credit only. (Does not include Home Equity Lines of Credit, Educational Loans, Computer Loans etc.) See branch for details and contact riverset credit union to find out more about the benefits of Direct Deposit today. We would also be happy to discuss how you might improve your credit score.

**Home Equity Line of Credit – The Annual Percentage Rate (APR) is based on the value of an index. The index is the Prime Rate published in the Money Rates column of The Wall Street Journal. When a range of rates has been published the highest rate will be used. We will use the most recent index available to us as of 30 days before the date of any annual percentage rate adjustment. To determine the annual percentage rate that will apply to your account, we add a margin to the value of the index. If the rate is not rounded, we then round up to the next .25%. The annual percentage rate can change semi-annually on the first day of May and November. The rate cannot increase or decrease more than 1.0 percentage point at each adjustment. The Maximum Annual Percentage Rate that can apply is 15.0% or the maximum by law, whichever is less. However, under no circumstance will your Annual Percentage Rate go below 3.0% at anytime during the term of the plan. Your payment will never be less than $50.00, or the full amount that you owe. Rates are based on the type of loan, term of loan and your creditworthiness. All rates subject to change at any time without notice. Contact riverset for complete details.

***Share Certificate Secured - The Annual Percentage Rate(APR) is based on the dividend rate being paid on the certificate offered as security (INDEX)plus 2.00 percentage points(MARGIN). Certificates offered as security must be renewed until advance is completely paid. When certificate is renewed as required, the APR will change to reflect the new dividend rate. If the certificate is not renewed as required, the proceeds of the certificate will be applied towards the advance and any balance will become immediately due and payable. Any increase in the APR will result in more payments of the same amount. The present APR and Daily Periodic Rate will be disclosed on the voucher. The APR will never be lower than 4.00% or more than allowed by law

The amount and due date of your payment will be established at the time of each advance and will be disclosed on the voucher accompanying the advance.

Your minimum payment will never be less than $30.00 monthly (exception: HELOC)
Collection costs: You promise to pay all costs of collection the amount you owe under this agreement including court costs and reasonable attorney fees.
Preferred Rate: Rates listed above include a discount of 0.25% on your Annual Percentage Rate (APR) if you have your net check directly deposited at the credit union for the following loans: Vehicle and Line-of-Credit/Signature. If you discontinue your direct deposit of net pay, your APR may be increased to the current rate.

VISA Rates and Disclosure

Interest Rates and Interest Charges

Annual Percentage Rate (APR) for Purchases

VISA Classic Card

6.99%- 17.99% APR

This APR is based on your credit worthiness.¹

VISA Rewards Scorecard
8.99%-17.99% APR
This APR is based on your credit worthiness.¹

APR for Balance Transfers

APR for Balance Transfers² on the VISA Classic Card and the VISA Rewards Scorecard is the same as the APR for purchases. This APR is based on your creditworthiness.

APR for Cash Advances

APR for Cash Advances²on the VISA Classic Card and the VISA Rewards Scorecard is the same as the APR for purchases. This APR is based on your creditworthiness.

Penalty APR

None None

Paying Interest

Your due date is at least 25 days after the close of each billing cycle. We will not charge you any interest on purchases if you pay your entire balances by the due date each month.

For credit card tips from the Federal Reserve Board

To learn more about factors to consider when applying for or using a credit card, visit the website of the Federal Reserve Board at http://www.federalreserve.gov/creditcard.

Fees

Annual Fee

None

Transaction Fees

Balance Transfer

Cash Advance

Foreign Transaction

None

None

1% of the transaction amount in US dollars

Penalty Fees

Late Payment

NSF Check Fee

$20

$25

Other Fees

Collection

Replacement Card Fee

For collection accounts, cardholder will be charged the Attorney’s fee plus costs or other collection fees.

$5.00

How we will calculate your balance: We use a method called “average daily balance (including new

Purchases).” See your Cardmember agreement for more details.

Loss of introductory APR: Initial APR upon account opening is fixed for a 12 month period. After 12 months, the APR is subject to change based on your creditworthiness.

Billing rights: Information pertaining to your rights to dispute transactions and how to exercise those rights is included in your Cardmember Agreement.

Please note: The information about the costs of the cards described in this disclosure is accurate as of 7/1/2010. This information may have changed after that date. To learn what may have changed, call us at 412.488.2525, visit ourwebsite at www.riverset.com or stop by one of our branches to speak with a staff member.

Rates, Fees and Terms May Change: We have the right to change the account terms (including APR) in accordance with your Cardmember Agreement.

1 APR = Annual Percentage Rate. Rate is based on your creditworthiness. After the initial 12 month period, rate may change upon review of your credit report.

2 Annual Percentage Rate for Balance Transfers and Cash Advances is the same as the APR for purchases. All balance transfers will accrue interest from the day the advance or transfer was made.