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Loan Payment Processing Changes!

Effective July 1, 2019, for loan payments being made to a Riverset Loan, any funds in excess of the minimum amount due will be automatically applied towards the principal balance of your loan.

For example, let’s say the minimum monthly payment is $100.00 and you make a payment of $150.00. The payment being made exceeds the minimum amount due by $50.00. This overpayment of $50.00 will be applied to the principal balance of your loan - helping you to pay your loan off faster and pay less in interest over time.

Please Note: If you wish to pay your next month’s minimum in advance or wish for any excess funds in a payment to go toward the next month’s minimum due, this request can be made by contacting our Members Services Team by phone at 412-488-2525 or email

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