Starting Out

Quick Banking Tip

The biggest mistake you can make in budgeting is following a budget designed for someone else. Your budget needs to be based on your current expenses instead of a one-size-fits-all formula, because everyone’s situation is different. Learn more about building a better budget…
 

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Starting Out

News and information to help you navigate the challenges of starting a career, saving money, and more...

Basic Financial Strategies for 20-Somethings

Posted by: CNBC

Many people in their 20s are dealing with large amounts of student loan and credit card debt and are living paycheck to paycheck, while dreaming of the day they can allocate some of their money to reach their financial goals.  If you're a 20-something, you may think financial planning at this stage in your life is pointless. But the truth is; there are some basic strategies you can implement, regardless of how much debt you have or how much income you're earning.

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4 Reasons You Should Buy a Used Car Instead of a New One

Posted by: Alternet

Buying a used car was once quite a tradeoff. While initial purchase price was much less, buying used was a risky investment. There was always that chance that the car could be unreliable, especially if the previous owner didn’t take good care of it. However, cars are more reliable than ever before and last much longer (even if not well maintained previously). They can be easy on your budget through the entire ownership experience.

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Here’s Why Your Better Off Using A Credit Union Rather Than A Big Bank

Posted By: Business Insider

Five years after the collapse of major banking institutions Lehman Brothers and Bear Stearns, Americans still don't trust big banks with their money. A 2013 Gallup poll found that 74% of Americans had "some or very little confidence" in banks, while only 10% said they had a "great deal" of confidence. Part of the distrust comes from the fact that banks are fundamentally profit institutions, meaning they're more likely to take risks with your money, and will often sock users with high fees and have low rates on deposit accounts. With a credit union, on the other hand, you are more likely to see lower fees, get slightly higher interest rates, and experience better customer service.

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Sean Talks Credit: I Always Pay with a Credit Card, and You Should, Too

Posed By: NerdWallet

When I’m standing in a checkout line, I know that I’m going to pay with a credit card, long before the store’s card reader asks me. It’s not a tough decision. Credit cards, which are accepted just about everywhere these days, offer: Ways to earn big rewards with every purchase, A means of floating debt for more than a month — or longer — interest-free, and Zero liability for fraudulent purchases. Debit cards don’t. And cash does nothing for me. Credit cards are better than debit cards. They’re way better than cash. Used carefully, they could save you hundreds of dollars every year.

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Helpful Services for Your Stage of Life

  • Auto Loans

    Riverset puts you in the driver’s seat when shopping for a new or used vehicle.  You can apply online, in person at the branch, or over the phone at your convenience.
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  • Simple Savings

    Riverset knows that saving money can be difficult for a lot of different reasons.  Our goal is to make saving money simple and convenient.
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  • Credit Cards
    With a Riverset PayBack Visa® Credit Card you earn 1% cash back rewards on all purchases, all the time.
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  • Simple Checking
    Our Simple Checking allows you to bank easier. Its so easy to open an account with Riverset and allows you to keep track of your finances easily.
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  • Mobile Banking
    Our smartphone and tablet apps for iOS and Android platforms let you carry a Riverset branch wherever you go.
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Bring Your Direct Deposit to RCU

Setting up a portion or all of your payroll or Social Security check to be automatically deposited into your Riverset account is simple, saves you time, and is a great way to start saving. Sign up for Direct Deposit and simplify your life! Contact us to learn more.
 

Contact

I was quite satisfied with the support given by Riverset’s Financial Service Representatives. They were pleasant, patient, and knowledgeable.


  Rosaline