PITTSBURGH--(BUSINESS WIRE)--The acquisition of Riverset Credit Union establishes Allegent Community Federal Credit Union as one of the largest and most prominent credit unions in western Pennsylvania. The combination of these two local, vibrant, and financially stable credit unions has expanded Allegent FCU’s footprint in Pittsburgh. This allows increased resources, products, reach, growth, and services to its members and the communities it serves.

Allegent FCU CEO, Angelo Lucatorto, states, “We are a responsible member-driven community service organization and an integral part of the credit union industry, with deep, financially-sound, responsible roots. The acquisition of Riverset Credit Union allows us to further our reach in the community and expand all offerings, while increasing our capital, financial strength, and long-term sustainability. Our team, consisting of Board of Directors, management, and employees, is dedicated to serving our loyal membership base.”

About Allegent Community Federal Credit Union:

Allegent Community Federal Credit Union, formerly known as Allegheny Co. (PA) U.S. Government Employees Federal Credit Union, was chartered by the National Credit Union Association (NCUA) on March 7, 1935. Since 1935, the credit union has grown to over 24,000 members, five branches, and over $260 million in assets. Allegent FCU’s mission has always been to be a full-service financial institution and to continuously strive to provide their members with an ever-growing range of quality products, services, and technology enhancements that allow for expanded availability of digital services. All residents who live, work, worship, or attend school in the chartered areas of Allegheny, Beaver, and Butler counties of Pennsylvania are eligible to be members.