At riverset, we are constantly exploring ways to expand our products and services to meet the financial needs of our members, as well as to attract new members to our unique financial cooperative.
We are very concerned by the growing number of payday lenders and fee based check cashing operations in our community. Now more than ever, the importance of our expansion into the community at large is evident. riverset can and will provide alternatives to the often unscrupulous lending practices offered by payday lenders and any other financial operation whose sole gain is to turn a quick profit in our community at the expense of our neighbors.
We have teamed up with the Pennsylvania Credit Union Association Foundation and the National Credit Union Foundation (NCUF) to implement the NCUF’s signature program REAL Solutions at our credit union.
REAL stands for “Relevant, Effective, Asset-building, Loyalty-producing services. Its all about helping people migrate away from check cashing services and getting them into affordable products and services at the credit union. We seek to help our members grow savings in order to establish credit and build their assets. From the credit union’s perspective, the members appreciate the financial alternatives we provide and the way we don’t take advantage of their situation. This translates into a lasting relationship that is mutually beneficial for both parties.
If you have any questions about any of these programs, please call us today at 412.488.2525. We hope that all of our products and services can help your family in the same spirit of cooperation and unity demonstrated in the REAL Solutions Program.
Here is a breakdown of some of the many riverset credit union services which benefit individuals and families of modest means:
- Free financial counseling and educational materials through our partnership with BALANCE Financial Fitness
- Better Choice Loans – alternative to payday lending which assists in providing short term loans up to $500
- Low minimum balance Savings Accounts ($5.00)
- Christmas and Vacation Savings Club accounts
- Free checking accounts with no minimum balance, no monthly surcharges
- Free VISA Debit Card
- Consumer loans - in many instances, our minimum loan amount is only $300.00
- Free Access to thousands of ATMs through our relationship with PNC Bank
- Free NetBranch online banking
- Free TeleBranch telephone banking
- VISA Credit cards with no balance transfer fees, no annual fees and some of the lowest fixed interest rates available in the market
- Less-than-perfect credit home loan options
