2015-11-02T14:52:36-06:00 2014-12-31 251615634 COTTRILL ARBUTINA & ASSOCIATES 525 THIRD STREET BEAVER PA 150092228 990 2014-01-01 250732150 RIVERSET CREDIT UNION RIVE 4124882525 1700 JANE STREET PITTSBURGH PA 15203 EDWARD RUSNAK CFO 4124882525 2015-11-02 true LUCAS A RIHELY CPA CFE P00979719 7246833400 2015-11-02 2014 2016-03-07 17:11:31Z EDWARD RUSNAK 1700 JANE STREET PITTSBURGH PA 15203 5506919 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 41 2996 1996 0 3448574 3506804 264154 363472 1389396 1636643 5102124 5506919 0 0 1729369 1711357 0 0 3202150 3366324 4931519 5077681 170605 429238 119354158 115485066 96105427 91774582 23248731 23710484 THE MISSION OF RIVERSET CREDIT UNION IS TO PROVIDE LOW-COST FINANCIAL INSTITUTION SERVICES TO ITS MEMBERS. false false 5077681 5506919 PROVIDE LOW-COST FINANCIAL INSTITUTION SERVICES TO ITS MEMBERS. 5077681 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 41 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 X GEORGE GENSURE CHAIR (MAR-D 2.00 X X 9175 0 0 GERARD PAPARIELLA BOARD MEMBER 2.00 X 9175 0 0 SYLVIA WILSON SECRETARY 2.00 X X 7175 0 0 ROY BUTERBAUGH VICE CHAIR 2.00 X X 7175 0 0 HENRY STEPHENS JR BOARD MEMBER 2.00 X 2375 0 0 JOHN WILLIAMSON BOARD MEMBER 2.00 X 2175 0 0 THOMAS MOTLEY BOARD MEMBER 2.00 X 2000 0 0 GLORIA WALTON CHAIR (JAN-M 2.00 X X 0 0 0 CHRISTINE CHOJNICKI CEO 45.00 X 134200 0 66489 EDWARD RUSNAK CFO 45.00 X 131744 0 34372 305194 100861 2 false true false FISERV 75 REMITTANCE DRIVE CHICAGO IL 60675 CORE PROCESSOR 833950 A TO Z COMMUNICATIONS 9600 PENN AVENUE NINTH FLOOR PITTSBURGH PA 15222 MARKETING 168000 2 LOAN INTEREST INCOME 3506804 3506804 3506804 363472 363472 FEE INCOME 910930 910930 INTERCHANGE INCOME 530047 530047 KEYSTONE LENDING ALLIANCE 99753 99753 95913 92917 2996 1636643 5506919 5404170 2996 99753 406055 406055 1092166 1092166 18753 18753 73773 73773 120610 120610 45670 45670 92960 92960 225697 225697 253575 253575 144847 144847 6224 6224 271776 271776 209529 209529 60398 60398 EXP-LOAN SERVICING 844813 844813 EXP-PROFESSIONAL FEES 646871 646871 EXP-LOSS PROVISION 407750 407750 EXP-OTHEREXP 109931 109931 46283 46283 5077681 5077681 0 0 261829 180023 30457427 20303616 69732102 78673065 5581851 3005833 2719949 2576018 9936993 6984809 222034 317926 6023824 6449609 119354158 115485066 95461890 91104903 643537 669679 96105427 91774582 X 23248731 23710484 23248731 23710484 119354158 115485066 429238 36376 -3861 X false false false 655068 655068 3335656 1481890 1853766 1591127 1523943 67184 2576018 DEFERRED COMPENSATION INVESTMENT 3965534 NCUA SHARE INS FUND CAPITAL 985825 MID-ATLANTIC MEMBERSHIP CAPITAL 695661 OTHERRECEIVABLES 263039 ACCRUED INTEREST RECEIVABLE 233965 PREPAID ASSETS 177703 REALESTATELOANSRECEIVABLE 127882 6449609 ACCRUED DEFERRED COMPENSATION 498476 OTHER LIABILITIES 138811 INTEREST PAYABLE 21665 ACCRUED PENSION EXPENSE 5000 VISABALANCETRANSFER 3889 FSA 1838 669679 X X X false true false CHRISTINE CHOJNICKI CEO 133460 740 60820 5669 200689 EDWARD RUSNAK CFO 131004 740 28858 5514 166116 30000 SCHEDULE J, PAGE 1, PART I, LINE 4 CHRISTINE CHOJNICKI 0 338,661 0 EDWARD RUSNAK 0 40,213 0 SCHEDULE J, PART III PART II, COLUMN (F) FOR EDWARD RUSNAK HAS BEEN COMPLETED AFTER GIVING CONSIDERATION TO THE DISCLOSURE ON SCHEDULE O REGARDING THE ORGANIZATION'S 457(F) DEFERRED COMPENSATION ARRANGEMENT AND ITS REPORTING IN PART VII - COMPENSATION OF TDOKE. 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 VII THE ORGANIZATION HAS DEFERRED COMPENSATION ARRANGEMENTS WITH TWO OF ITS EMPLOYEES: CHRISTINE CHOJNICKI AND EDWARD RUSNAK. THROUGH THE 2013 FORM 990, THE ORGANIZATION'S ACCRUAL OF THE DEFERRED COMPENSATION HAD BEEN RECORDED AS AN EXPENSE; HOWEVER, CONSIDERATION HAD NOT BEEN GIVEN TO THE IMPACT OF THE ARRANGEMENTS ON REPORTING COMPENSATION TO TDOKES IN PART VII. AS OF DECEMBER 31, 2013, AMOUNTS ACCRUED UNDER THE 457(F) DEFERRED COMPENSATION PLANS FOR CHRISTINE CHOJNICKI AND EDWARD RUSNAK WERE 282,076 AND 44,681, RESPECTIVELY. FORM 990, PART XI, LINE 9 KEYSTONE LENDING ALLIANCE TAX VS. GAAP DIFFERENCE 3,861