# RIVERSET CREDIT UNION
Pittsburgh, PA · NCUA charter 65138 · asset band $100-200M · latest filing 2020-12 · stopped filing after 2020-12 (departed; for a credit union that is almost always a merger)
Share link (named URL with a preview card): https://getbookiq.com/cu/riverset-credit-union-65138

Who the members are: state charter, organized 1934. 9,685 members of 1,582,698 potential (0.6% of the field); checking penetration 45% (share draft accounts per 100 members); loans per 100 members 57.

**Verdict on the desk:** this could be *ordinary*. Composite score 4 of 18 (one point per flag across 17 flags, capital below 7% counted twice).

## What the filing shows

| Measure | Value |
|---|---|
| Total assets | $117.6M |
| Members | 9,685 (-6.0% YoY) |
| Full-time staff | 17 |
| Net worth | $26.7M |
| Net worth ratio | 22.7% (p99 of band) |
| ROA (annualized) | 0.00% (p11 of band) |
| Total delinquency | 1.25% (p89 of band) |
| Net charge-offs (annualized) | 0.42% (p73 of band) |
| Loans / shares | 72% (p69 of band) |
| Cash / assets | 40.4% |
| Borrowings / assets | 0.00% |
| Net interest margin | 2.66% (p44 of band) |
| Operating expense / assets | 3.35% (p56 of band) |
| Vehicles % of loans | 45% (p63 of band) |
| Indirect vehicle % of vehicle (all-channel basis before 2022) | 91% |
| Third-party paper % of net worth | 100% (p69 of band) |
| Vehicle delinquency | 0.70% (p73 of band) |
| Vehicle NCO | 0.09% (p17 of band) |
| Repossessed % of vehicle book | 0.00% (p32 of band) |
| Real estate % of loans | 44% |
| Credit cards % of loans | 8% |
| Unsecured % of loans | 11% |
| Commercial % of net worth | 0% |
| Core shares % of member funds | 49% |
| Certificates % of member funds | 13% |
| Average share balance | $4,837 |
| Participations bought / yr | $0 |
| Participations sold / yr | $0 |
| Participations outstanding | – |
| Loans outstanding per 100 members | 57% |
| Loans granted per 100 members, annualized | 7% |
| Average loan balance | $11,802 |
| Loans granted, annualized | $19.9M |

## Flags firing in the latest filing

- **margin squeeze** (`earn_nim_squeeze`)
- **delinquency 2x band** (`aq_dq_high`)
- **members leaving** (`shrink_members`)
- **loan book shrinking** (`shrink_loans`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2016-03 | 1 | 3rd-party paper>100% NW |  |
| 2016-06 | 1 |  |  |
| 2016-09 | 2 | loans>95% of shares |  |
| 2016-12 | 2 |  |  |
| 2017-03 | 2 |  |  |
| 2017-06 | 3 | net worth falling |  |
| 2017-09 | 2 |  | net worth falling |
| 2017-12 | 4 | delinquency 2x band, members leaving |  |
| 2018-03 | 3 |  | delinquency 2x band |
| 2018-06 | 3 | net worth falling | loans>95% of shares |
| 2018-09 | 3 | loans>95% of shares | net worth falling |
| 2018-12 | 3 | delinquency 2x band | loans>95% of shares |
| 2019-03 | 2 |  | delinquency 2x band |
| 2019-06 | 3 | delinquency 2x band |  |
| 2019-09 | 3 | assets shrinking | delinquency 2x band |
| 2019-12 | 4 | delinquency 2x band |  |
| 2020-03 | 4 | delinquency rising | assets shrinking |
| 2020-06 | 6 | net worth falling, losing money, margin squeeze | delinquency rising |
| 2020-09 | 6 | loan book shrinking | net worth falling |
| 2020-12 | 4 |  | 3rd-party paper>100% NW, losing money |

## In the news (Google News, unfiltered, newest first; check the city)

- 2021-02-02 [Allegent FCU Acquires Riverset Credit Union, Pittsburgh, Pennsylvania - Business Wire](https://news.google.com/rss/articles/CBMiwgFBVV95cUxQVWJGSnAzZ0ZzOURWSFp6eW1rUVRaTGlGZDRHdUY2YnU3NlBmakpOenJQWm9fV0dkT0dLZjFUMWNTaWZfSl9peU9zaGl4bmhWRmQ0bENnSjQzSlhBWGxzdXRUdXhIdHdmbGtxd3JXYlRUNGlRb3RiVG1VczhqREZhSGI1dlNNa3ZyZ1NRTjZQaVpycDdqSm95ZE9FQWFvNzlqSlRrRWdVbFlXQWJSWUYtNnljc1l1c1IxeDVyNGFCc0VjUQ?oc=5) · Business Wire
- 2020-07-09 [Two of Pittsburgh's largest credit unions to merge - The Business Journals](https://news.google.com/rss/articles/CBMimAFBVV95cUxNMk1ldlQ0blE0Z3dHRkFaZHVwb3dsWHRlbkp2T3dqQVcwTS1Fbmlsb2JnN1VCUV95RFlyYUtiR1VIVWxrODBiQVl0czk3U2ZwYmlYWHQ0TUFheXNZb1NNMkJVdUtZeEd3UVNaczNvSnF3QlBCQ1VnSmt5SFY4YjRlcVdycHZPbWhvMlpjWDBzTW9BYVczclZpZQ?oc=5) · The Business Journals
- 2025-03-11 [How Lisa Florian rose through the ranks to become a CEO: The Climb - American Banker](https://news.google.com/rss/articles/CBMiowFBVV95cUxQMWM1OGZQWUVIOU1QNWJPdGpFcGF2b3ZFb25kMFloTVV1ZFRXb003TEtlakdwQi1oQS13RXphcFdoRVBkaU5FWEh6NjZCNXQ3WmFOc2RmdkRlUkJZeXNHaHI3dmtBRW9GQ2ctczV2c1pWVmRkZWloOGNjeVVIOGRLZFhoRHV4S2h6WjJTVFloTGNGTXoyOFVLYlF5WVZENGNURXdR?oc=5) · American Banker
- 2023-05-13 [Personalities of Pittsburgh: Lisa Florian, Clearview Federal Credit Union - The Business Journals](https://news.google.com/rss/articles/CBMiqwFBVV95cUxPbWV3LTFrMW1VSmprMHdkUDBZYkY5RFU5bFB0U010YTg5V3dVQnIxRUlvUkc4SDVJYTg4V09tZHV2YS1CN01XelBvMlNNV2I0b0FxZkNFbTFrS3ZFVHVINU9XTVhab0hfV1c3bFlHWnJOQWQ1ZE9ab0RQVjNBZ3RKVkNpUlVLZ3NlLVIzRG9adVFJRDZfV0tGTHZjR21mdFNvVHRTWHpLWElvZjg?oc=5) · The Business Journals
- 2023-02-22 [Change at the top of Clearview Federal Credit Union - The Business Journals](https://news.google.com/rss/articles/CBMigwFBVV95cUxQdUZ2UUFDVGJ3LWdOa0xxd1ZUYmtsX0NLRjYtbFZ5M1JtUXNKWnJMYjlmWmVnXzFabEt4bDZoS080WWxERlhkUE0xcnFhRGE1U1pLVTNScU9LSVVPdVNZWVFDUlBEMFZGRi04SG1FZkYzRDNMejAyQzFmVWpOSjdUVHFhaw?oc=5) · The Business Journals

## How to verify

- Page: https://getbookiq.com/cu-intel/#cu=65138 (every cell opens its formula and NCUA account codes; the News tab is the same search)
- Latest row, JSON: https://getbookiq.com/cu-intel/data/summary.json · history: https://getbookiq.com/cu-intel/data/h/50.json (key "65138", columns cycle, assets, loans, shares, networth, nwr, roa, total_dq_pct, total_nco_pct, vehicle, veh_pct_loans, indirect, ind_pct_veh, ind_veh, ind_re, ind_comm, ind_other, ind_pct_loans, loans_n, granted_n_ytd, granted_ann, loan_pen, granted_pen, avg_loan_bal, loans_per_fte, veh_part, tp_pct_nw, veh_dq_pct, veh_nco_pct, repo_pct_veh, members_yoy, ltos, cash_pct, borrow_pct, nim_pct, opex_pct, risk_score, members, fte, cash_total, invest_sec, allowance_eff, int_income_ytd, int_exp_ytd, provision_eff_ytd, nonint_income_ytd, nonint_exp_ytd, net_income_ytd, n_flags, re_pct_loans, cc_pct_loans, comm_pct_loans, cert_pct_shares, core_pct_shares, part_buy_ann, part_sell_ann, pot_members, sh_draft_n, chk_pen, fom_pen, flags)
- Participation history: https://getbookiq.com/participation-desk/#cu=65138
- Field definitions: https://getbookiq.com/dictionary/#cu-ltos and the rest of the credit union dictionary
- Source: NCUA 5300 call report bulk files. Income fields are annualized by cycle month (Mar x4, Jun x2, Sep x4/3, Dec x1). Percentiles are within the asset band in the same quarter.

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Rendered 2026-09-10 from the desks' own data files. Full guide: https://getbookiq.com/guide