2016-11-08T15:14:10-06:00 2015-12-31 251615634 COTTRILL ARBUTINA & ASSOCIATES 525 THIRD STREET BEAVER PA 150092228 990 2015-01-01 250732150 RIVERSET CREDIT UNION RIVE 4124882525 1700 JANE STREET PITTSBURGH PA 15203 EDWARD RUSNAK CFO 4124882525 2016-11-08 true LUCAS A RIHELY CPA CFE P00979719 7246833400 2016-11-08 2015 2017-02-10 21:41:12Z EDWARD RUSNAK 1700 JANE STREET PITTSBURGH PA 15203 5667660 false X WWW.RIVERSET.COM X CREDIT UNION 1934 PA THE MISSION OF RIVERSET CREDIT UNION IS TO PROVIDE LOW-COST FINANCIAL INSTITUTION SERVICES TO ITS MEMBERS. 7 7 40 2888 1888 0 3506804 3758086 363472 269261 1636643 1640313 5506919 5667660 0 0 1711357 1761741 0 0 3366324 3226680 5077681 4988421 429238 679239 115485066 114846436 91774582 90442056 23710484 24404380 THE MISSION OF RIVERSET CREDIT UNION IS TO PROVIDE LOW-COST FINANCIAL INSTITUTION SERVICES TO ITS MEMBERS. false false 4988421 5667660 PROVIDE LOW-COST FINANCIAL INSTITUTION SERVICES TO ITS MEMBERS. 4988421 false false false false false false false false false true false false true true false false false false false false false false false false false false false false true false false false false false false false false false false false false false false true 7 0 40 true true true false false false false false X 7 7 false false false false true true true true true false false false true true true true true true true true true X EDWARD RUSNAK CFO 4124882525 1700 JANE STREET PITTSBURGH PA 15203 GEORGE GENSURE CHAIR 2.00 X X 9600 0 0 GERARD PAPARIELLA TREASURER 2.00 X 9600 0 0 SYLVIA WILSON SECRETARY 2.00 X X 7600 0 0 ROY BUTERBAUGH VICE CHAIR 2.00 X X 7600 0 0 THOMAS MOTLEY BOARD MEMBER 2.00 X 2875 0 0 JOHN WILLIAMSON BOARD MEMBER 2.00 X 2650 0 0 HENRY STEPHENS JR BOARD MEMBER 2.00 X 2425 0 0 CHRISTINE CHOJNICKI CEO 45.00 X 145402 0 68027 EDWARD RUSNAK CFO 45.00 X 111928 0 35613 299680 103640 2 false true false FISERV 75 REMITTANCE DRIVE CHICAGO IL 60675 CORE PROCESSOR 885432 1 LOAN INTEREST INCOME 3758086 3758086 3758086 269261 269261 FEE INCOME 906229 906229 INTERCHANGE INCOME 522562 522562 KEYSTONE LENDING ALLIANCE 139257 139257 72265 69377 2888 1640313 5667660 5525515 2888 139257 403320 403320 1107181 1107181 23331 23331 103743 103743 124166 124166 53599 53599 111195 111195 162671 162671 243410 243410 154219 154219 6128 6128 254176 254176 180517 180517 60790 60790 EXP-LOAN SERVICING 788739 788739 EXP-PROFESSIONAL FEES 673859 673859 EXP-LOSS PROVISION 430000 430000 EXP-OTHEREXP 67877 67877 39500 39500 4988421 4988421 0 0 180023 279438 20303616 18045207 78673065 83315975 5650364 3186350 2576018 2464014 6984809 3983743 317926 449200 6449609 6308859 115485066 114846436 91104903 89597670 669679 844386 91774582 90442056 X 23710484 24404380 23710484 24404380 115485066 114846436 679239 12810 1847 X false false false 655068 655068 3335657 1616055 1719602 1659639 1570295 89344 2464014 DEFERRED COMPENSATION INVESTMENT 4075327 NCUA SHARE INS FUND CAPITAL 950621 MID-ATLANTIC MEMBERSHIP CAPITAL 695661 ACCRUED INTEREST RECEIVABLE 214751 OTHER RECEIVABLES 155050 PREPAID ASSETS 112167 REAL ESTATE LOANS RECEIVABLE 105282 6308859 ACCRUED DEFERRED COMPENSATION 581752 OTHER LIABILITIES 236791 INTEREST PAYABLE 23232 FSA 2180 INTEREST SUSPENSE 431 ACCRUED PENSION EXPENSE VISABALANCETRANSFER 844386 X X X false true false CHRISTINE CHOJNICKI CEO 139586 5816 61762 6265 213429 SCHEDULE J, PAGE 1, PART I, LINE 4 CHRISTINE CHOJNICKI 0 56,585 0 EDWARD RUSNAK 0 25,532 0 SCHEDULE J, PART III AMOUNTS REPORTED UNDER PART I, LINE 4 AS NONQUALIFIED ARE BASED UPON THE AMOUNTS ACCRUED UNDER THE PLAN IN ACCORDANCE WITH ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA. FORM 990, PAGE 6, PART VI, LINE 6 THE ORGANIZATION, A CREDIT UNION, IS ORGANIZED WITH MEMBERS. FORM 990, PAGE 6, PART VI, LINE 7A SHAREHOLDERS OF THE ORGANIZATION ELECT SOME MEMBERS OF THE GOVERNING BODY. FORM 990, PAGE 6, PART VI, LINE 7B DECISIONS OF THE GOVERNING BODY ARE SUBJECT TO APPROVAL BY SHAREHOLDERS. FORM 990, PAGE 6, PART VI, LINE 11B FORM 990 IS REVIEWED BY CFO AND OTHER MEMBERS OF MANAGEMENT PRIOR TO FILING. FORM 990, PAGE 6, PART VI, LINE 12C THE ORGANIZATION MONITORS COMPLIANCE WITH THE CONFLICTS POLICY BY PERIODICALLY REVIEWING THE POLICY WITH OFFICERS, DIRECTORS AND OTHER KEY PERSONNEL. FORM 990, PAGE 6, PART VI, LINE 15A COMPENSATION FOR ALL OFFICERS AND KEY EMPLOYEES IS DETERMINED BY USING THIRD-PARTY ANALYSIS OF COMPARABLE COMPENSATION STRUCTURES WITHIN THE INDUSTRY. THE BOARD-OF-DIRECTORS APPROVES THE COMPENSATION AFTER THE ABOVE ANALYSIS. FORM 990, PAGE 6, PART VI, LINE 15B COMPENSATION FOR ALL OFFICERS AND KEY EMPLOYEES IS DETERMINED BY USING THIRD-PARTY ANALYSIS OF COMPARABLE COMPENSATION STRUCTURES WITHIN THE INDUSTRY. THE BOARD-OF-DIRECTORS APPROVES THE COMPENSATION AFTER THE ABOVE ANALYSIS. FORM 990, PAGE 6, PART VI, LINE 19 NO DOCUMENTS AVAILABLE TO THE PUBLIC. FORM 990, PART XI, LINE 9 KEYSTONE LENDING ALLIANCE TAX VS. GAAP DIFFERENCE 1,847 TOTAL 1,847