ROYAL CREDIT UNION: Form 990, tax year 2022
View the entire original 990 at ProPublica ↗
- Organization
- ROYAL CREDIT UNION (EIN 39-6072970)
- Tax period
- 2022-01-01 to 2022-12-31
- Filed
- 2023-11-15
- IRS object ID
- 202303199349325575
- Schema version
- 2022v5.0
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2023-11-15T16:59:09-06:00 | ReturnTs |
| Tax Period End | 2022-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 410746749 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | CLIFTONLARSONALLEN LLP | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 109 N MAIN STREET SUITE 200 | AddressLine1Txt |
| City | AUSTIN | CityNm |
| State Abbreviation | MN | StateAbbreviationCd |
| ZIP | 55912 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2022-01-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 396072970 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | ROYAL CREDIT UNION | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | ROYA | BusinessNameControlTxt |
| Phone | 7158337254 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 200 RIVERFRONT TERRACE | AddressLine1Txt |
| City | EAU CLAIRE | CityNm |
| State Abbreviation | WI | StateAbbreviationCd |
| ZIP | 54703 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | JOESPH HASTO | PersonNm |
| Person Title | CHIEF FINANCIAL OFFICER | PersonTitleTxt |
| Phone | 7158337254 | PhoneNum |
| Signature | 2023-11-15 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
Signing Officer SigningOfficerGrp
Person Full Name PersonFullName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person First | JOESPH | PersonFirstNm |
| Person Last | HASTO | PersonLastNm |
| Field | Value | IRS element (for citing) |
|---|---|---|
| SSN | 999009999 | SSN |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IRS Responsible Prty Info Curr | 0 | IRSResponsiblePrtyInfoCurrInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | TANYA MEDGAARDEN | PreparerPersonNm |
| PTIN | P01717240 | PTIN |
| Phone | 5074347000 | PhoneNum |
| Preparation | 2023-11-15 | PreparationDt |
Additional Filer Information AdditionalFilerInformation
Trusted Customer TrustedCustomerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Trusted Customer | 2 | TrustedCustomerCd |
| Authentication Assurance Level | AAL1 | AuthenticationAssuranceLevelCd |
| Identity Assurance Level | IAL1 | IdentityAssuranceLevelCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2022 | TaxYr |
| Build TS | 2023-04-26 12:10:37Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | JOESPH HASTO | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 200 RIVERFRONT TERRACE | AddressLine1Txt |
| City | EAU CLAIRE | CityNm |
| State Abbreviation | WI | StateAbbreviationCd |
| ZIP | 54703 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $199,797,090 | GrossReceiptsAmt |
| Group Return For Affiliates | 0 | GroupReturnForAffiliatesInd |
| Organization501c | Yes (X) | Organization501cInd |
| Website Address | WWW.RCU.ORG | WebsiteAddressTxt |
| Type Of Organization Other | Yes (X) | TypeOfOrganizationOtherInd |
| Other Organization Dsc | CREDIT UNION | OtherOrganizationDsc |
| Formation | 1964 | FormationYr |
| Legal Domicile State | WI | LegalDomicileStateCd |
| Activity Or Mission | TO CREATE A POSITIVE IMPACT IN THE LIVES WE TOUCH. | ActivityOrMissionDesc |
| Voting Members Governing Body | 7 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 7 | VotingMembersIndependentCnt |
| Total Employee | 1083 | TotalEmployeeCnt |
| Total Volunteers | 441 | TotalVolunteersCnt |
| Total Gross UBI | $2,401,473 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | $36,327 | NetUnrelatedBusTxblIncmAmt |
| PY Contributions Grants | $0 | PYContributionsGrantsAmt |
| CY Contributions Grants | $0 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $178,877,257 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $193,016,700 | CYProgramServiceRevenueAmt |
| PY Investment Income | $5,862,199 | PYInvestmentIncomeAmt |
| CY Investment Income | $6,698,399 | CYInvestmentIncomeAmt |
| PY Other Revenue | $589,042 | PYOtherRevenueAmt |
| CY Other Revenue | -$838,976 | CYOtherRevenueAmt |
| PY Total Revenue | $185,328,498 | PYTotalRevenueAmt |
| CY Total Revenue | $198,876,123 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $1,951,976 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $2,145,011 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $14,637,163 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $20,849,551 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $60,369,132 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $68,691,741 | CYSalariesCompEmpBnftPaidAmt |
| PY Total Prof Fndrsng Expns | $0 | PYTotalProfFndrsngExpnsAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $0 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $43,430,396 | PYOtherExpensesAmt |
| CY Other Expenses | $67,657,779 | CYOtherExpensesAmt |
| PY Total Expenses | $120,388,667 | PYTotalExpensesAmt |
| CY Total Expenses | $159,344,082 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | $64,939,831 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | $39,532,041 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $4,046,275,359 | TotalAssetsBOYAmt |
| Total Assets EOY | $4,552,578,835 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $3,664,092,598 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $4,134,659,335 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $382,182,761 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $417,919,500 | NetAssetsOrFundBalancesEOYAmt |
| Mission | TO CREATE A POSITIVE IMPACT IN THE LIVES WE TOUCH. | MissionDesc |
| Significant New Program Srvc | 0 | SignificantNewProgramSrvcInd |
| Significant Change | 0 | SignificantChangeInd |
| Desc | THERE WERE 73,077 LOANS GRANTED IN 2022 FOR A TOTAL OF $4,163,938,695. AS OF 12/31/22, THE CREDIT UNION HAD 218,652 ACCOUNTS COMPRISED OF MORTGAGE, CONSUMER AND BUSINESS LOANS. | Desc |
Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | WE HAVE DEPOSIT, TRANSACTION AND INVESTMENT ACCOUNTS WITH 288,306 MEMBERS AT 12/31/22. NET ACCOUNT GROWTH DURING 2022 WAS 51,749 ACCOUNTS FOR A TOTAL AT 12/31/22 OF 538,819 | Desc |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Described In Section501c3 | 0 | DescribedInSection501c3Ind |
| Schedule B Required | 0 | ScheduleBRequiredInd |
| Political Campaign Acty | 0 | PoliticalCampaignActyInd |
| Subject To Proxy Tax | 0 | SubjectToProxyTaxInd |
| Donor Advised Fund | 0 | DonorAdvisedFundInd |
| Conservation Easements | 0 | ConservationEasementsInd |
| Collections Of Art | 0 | CollectionsOfArtInd |
| Credit Counseling | 0 | CreditCounselingInd |
| Donor Rstr Or Quasi Endowments | 0 | DonorRstrOrQuasiEndowmentsInd |
| Report Land Building Equipment | Yes (1) | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | 0 | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | 0 | ReportProgramRelatedInvstInd |
| Report Other Assets | 0 | ReportOtherAssetsInd |
| Report Other Liabilities | Yes (1) | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | Yes (1) | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | Yes (1) | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | 0 | ConsolidatedAuditFinclStmtInd |
| School Operating | 0 | SchoolOperatingInd |
| Foreign Office | 0 | ForeignOfficeInd |
| Foreign Activities | 0 | ForeignActivitiesInd |
| More Than5000 K To Org | 0 | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividualsInd |
| Professional Fundraising | 0 | ProfessionalFundraisingInd |
| Fundraising Activities | 0 | FundraisingActivitiesInd |
| Gaming Activities | 0 | GamingActivitiesInd |
| Operate Hospital | 0 | OperateHospitalInd |
| Grants To Organizations | Yes (1) | GrantsToOrganizationsInd |
| Grants To Individuals | 0 | GrantsToIndividualsInd |
| Schedule J Required | Yes (1) | ScheduleJRequiredInd |
| Tax Exempt Bonds | 0 | TaxExemptBondsInd |
| Loan Outstanding | 0 | LoanOutstandingInd |
| Grant To Related Person | 0 | GrantToRelatedPersonInd |
| Business Rln With Org Mem | Yes (1) | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | 0 | BusinessRlnWithFamMemInd |
| Business Rln With35 Ctrl Ent | Yes (1) | BusinessRlnWith35CtrlEntInd |
| Deductible Non Cash Contri | 0 | DeductibleNonCashContriInd |
| Deductible Art Contribution | 0 | DeductibleArtContributionInd |
| Terminate Operations | 0 | TerminateOperationsInd |
| Partial Liquidation | 0 | PartialLiquidationInd |
| Disregarded Entity | Yes (1) | DisregardedEntityInd |
| Related Entity | Yes (1) | RelatedEntityInd |
| Related Organization Ctrl Ent | Yes (1) | RelatedOrganizationCtrlEntInd |
| Transaction With Control Ent | Yes (1) | TransactionWithControlEntInd |
| Activities Conducted Prtshp | 0 | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (1) | ScheduleORequiredInd |
| IRP Document | 133435 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Employee | 1083 | EmployeeCnt |
| Employment Tax Returns Filed | Yes (1) | EmploymentTaxReturnsFiledInd |
| Unrelated Bus Incm Over Limit | Yes (1) | UnrelatedBusIncmOverLimitInd |
| Form990 T Filed | Yes (1) | Form990TFiledInd |
| Foreign Financial Account | 0 | ForeignFinancialAccountInd |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | 0 | TaxablePartyNotificationInd |
| Nondeductible Contributions | 0 | NondeductibleContributionsInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | 0 | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | 0 | PayPremiumsPrsnlBnftCntrctInd |
| Indoor Tanning Services | 0 | IndoorTanningServicesInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | Yes (1) | SubjToTaxRmnrtnExPrchtPymtInd |
| Subject To Excs Tax Net Invst Inc | 0 | SubjectToExcsTaxNetInvstIncInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 7 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 7 | IndependentVotingMemberCnt |
| Family Or Business Rln | 0 | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | 0 | DelegationOfMgmtDutiesInd |
| Change To Org Documents | 0 | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | Yes (1) | MembersOrStockholdersInd |
| Election Of Board Members | Yes (1) | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | Yes (1) | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (1) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | Yes (1) | MinutesOfCommitteesInd |
| Officer Mailing Address | 0 | OfficerMailingAddressInd |
| Local Chapters | Yes (1) | LocalChaptersInd |
| Policies Reference Chapters | Yes (1) | PoliciesReferenceChaptersInd |
| Form990 Provided To Gvrn Body | Yes (1) | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (1) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (1) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (1) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | Yes (1) | WhistleblowerPolicyInd |
| Document Retention Policy | Yes (1) | DocumentRetentionPolicyInd |
| Compensation Process CEO | Yes (1) | CompensationProcessCEOInd |
| Compensation Process Other | Yes (1) | CompensationProcessOtherInd |
| Investment In Joint Venture | 0 | InvestmentInJointVentureInd |
| States Where Copy Of Return Is Fld | WI | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | MN | StatesWhereCopyOfReturnIsFldCd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | JOSEPH HASTO | PersonNm |
| Phone | 7158337254 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 200 RIVERFRONT TERRACE | AddressLine1Txt |
| City | EAU CLAIRE | CityNm |
| State Abbreviation | WI | StateAbbreviationCd |
| ZIP | 54703 | ZIPCd |
Form990 Part VII Section A Form990PartVIISectionAGrp (21 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | OfficerOfficerInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | Highest Compensated EmployeeHighestCompensatedEmployeeInd |
|---|---|---|---|---|---|---|---|
| THOMAS HUFFCUTT | |||||||
| CHAIRMAN | 10.00 | Yes (X) | Yes (X) | $39,000 | $0 | $0 | |
| DOUG OLSON | |||||||
| TREASURER | 10.00 | Yes (X) | Yes (X) | $30,500 | $0 | $0 | |
| JOHN SACKETT | |||||||
| ASSISTANT SECRETARY | 10.00 | Yes (X) | Yes (X) | $25,500 | $0 | $0 | |
| JENNIFER MCDONOUGH | |||||||
| SECRETARY | 10.00 | Yes (X) | Yes (X) | $24,000 | $0 | $0 | |
| STUART SCHAEFER | |||||||
| VICE CHAIRMAN | 10.00 | Yes (X) | Yes (X) | $23,500 | $0 | $0 | |
| WILLIAM BLACKBURN | |||||||
| ASSISTANT VICE CHAIRMAN | 10.00 | Yes (X) | Yes (X) | $23,000 | $0 | $0 | |
| NANCY BELTZ | |||||||
| ASSISTANT TREASURER | 10.00 | Yes (X) | Yes (X) | $19,500 | $0 | $0 | |
| BRANDON RIECHERS | |||||||
| CEO/PRESIDENT | 40.00 | Yes (X) | $1,312,772 | $0 | $722,659 | ||
| JON HEHLI | |||||||
| EVP-CHIEF FINANCIAL OFFICER | 40.00 | Yes (X) | $758,118 | $0 | $53,940 | ||
| JAN JOHNSON | |||||||
| EVP-ORGANIZATIONAL AGILITY | 40.00 | Yes (X) | $1,026,155 | $0 | $51,725 | ||
| MICHAEL DILL | |||||||
| EVP-CHIEF LENDING OFFICER | 40.00 | Yes (X) | $452,786 | $0 | $190,748 | ||
| PAMELA HALLER | |||||||
| EVP-CHIEF DIGITAL EXPERIEN | 40.00 | Yes (X) | $397,085 | $0 | $220,046 | ||
| ADAM KINNARD | |||||||
| EVP-CHIEF TECHNOLOGY OFFIC | 40.00 | Yes (X) | $385,068 | $0 | $187,163 | ||
| GEOFFREY BULLOCK | |||||||
| EVP - MEMBER EXPERIENCE | 40.00 | Yes (X) | $368,623 | $0 | $55,072 | ||
| JOSEPH HASTO JR | |||||||
| EVP-CHIEF FINANCIAL OFFICER | 40.00 | Yes (X) | $171,092 | $0 | $11,272 | ||
| GRANT BEARDSLEY | |||||||
| EVP-CHIEF LEGAL OFFICER | 40.00 | Yes (X) | $275,687 | $0 | $56,657 | ||
| JARED JOHNSON | |||||||
| MORTGAGE LOAN OFFICER | 40.00 | $535,565 | $0 | $42,216 | Yes (X) | ||
| JEFFREY SPROUL | |||||||
| MORTGAGE LOAN OFFICER | 40.00 | $322,978 | $0 | $21,669 | Yes (X) | ||
| GLEN KENNISON | |||||||
| VP-CREDIT RISK MANAGEMENT | 40.00 | $346,113 | $0 | $50,898 | Yes (X) | ||
| MATTHEW GERBER | |||||||
| VP-MORTGAGE LENDING | 40.00 | $320,656 | $0 | $53,330 | Yes (X) | ||
| RYAN BALTS | |||||||
| VP-FINANCE | 40.00 | $291,834 | $0 | $54,194 | Yes (X) | ||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $7,149,532 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $0 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $1,771,589 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 138 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | 0 | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | Yes (1) | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | 0 | CompensationFromOtherSrcsInd |
Contractor Compensation ContractorCompensationGrp (5 entries)
| Address Line1ContractorAddress/USAddress/AddressLine1Txt | CityContractorAddress/USAddress/CityNm | State AbbreviationContractorAddress/USAddress/StateAbbreviationCd | ZIPContractorAddress/USAddress/ZIPCd | ServicesServicesDesc | CompensationCompensationAmt |
|---|---|---|---|---|---|
| MARKET & JOHNSON INC | |||||
| 2350 GALLOWAY ST | EAU CLAIRE | WI | 54703 | GENERAL BUILDING CONTRACTOR | $3,408,219 |
| HOEFT BUILDERS INC | |||||
| 1450 RIVERS EDGE TRAIL SUITE A | ALTOONA | WI | 54720 | GENERAL BUILDING CONTRACTOR | $1,840,617 |
| GOOGLE LLC | |||||
| 1600 AMPHITHEATRE | PARKWAY MOUNTAIN VI | CA | 94043 | ADVERTISING | $1,340,180 |
| CASE FINANCIAL | |||||
| 701 WEAVER BLVD | ANOKA | MN | 55303 | FINANCIAL EQUIPMENT SALES AND SERVICE PR | $1,087,990 |
| STAR TRIBUNE MEDIA COMPANY LLC | |||||
| 650 3RD AVE S SUITE 1300 | MINNEAPOLIS | MN | 55488 | ADVERTISING | $692,885 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 56 | CntrctRcvdGreaterThan100KCnt |
Program Service Revenue ProgramServiceRevenueGrp (3 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt | Unrelated Business RevenueUnrelatedBusinessRevenueAmt |
|---|---|---|---|---|
| LOAN INTEREST | 522100 | $138,128,747 | $138,128,747 | |
| OTHER OPERATING INCOME | 522100 | $33,476,077 | $33,476,077 | |
| SERVICE CHARGES & FEE INCOME | 522100 | $21,411,876 | $19,010,403 | $2,401,473 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $193,016,700 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $7,395,129 | TotalRevenueColumnAmt |
| Exclusion | $7,395,129 | ExclusionAmt |
Gross Amount Sales Assets GrossAmountSalesAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other | $224,237 | OtherAmt |
Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other | $920,967 | OtherAmt |
Gain Or Loss GainOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other | -$696,730 | OtherAmt |
Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | -$696,730 | TotalRevenueColumnAmt |
| Exclusion | -$696,730 | ExclusionAmt |
Other Revenue Misc OtherRevenueMiscGrp (3 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt | ExclusionExclusionAmt |
|---|---|---|---|---|
| PREMIUM ON SALE OF LOANS | 522100 | $1,828,055 | $1,828,055 | |
| GAIN FROM MERGER | 522100 | $180,952 | $180,952 | |
| CHANGE IN VALUE OF EQUITY AND TRA | 522100 | -$2,847,983 | -$2,847,983 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Revenue Total | -$838,976 | OtherRevenueTotalAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $198,876,123 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $192,624,234 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $2,401,473 | UnrelatedBusinessRevenueAmt |
| Exclusion | $3,850,416 | ExclusionAmt |
Grants To Domestic Orgs GrantsToDomesticOrgsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,145,011 | TotalAmt |
Benefits To Members BenefitsToMembersGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $20,849,551 | TotalAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $6,881,668 | TotalAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $47,192,280 | TotalAmt |
Pension Plan Contributions PensionPlanContributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $3,126,458 | TotalAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $7,163,050 | TotalAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $4,328,285 | TotalAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,398,544 | TotalAmt |
Advertising AdvertisingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $6,854,762 | TotalAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $17,890,639 | TotalAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $4,011,029 | TotalAmt |
Travel TravelGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $347,036 | TotalAmt |
Interest InterestGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $4,496,516 | TotalAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $4,293,185 | TotalAmt |
Other Expenses OtherExpensesGrp (4 entries)
| DescDesc | TotalTotalAmt |
|---|---|
| PROVISION FOR LOAN LOSS | $11,265,863 |
| LOAN SERVICING | $10,256,791 |
| MISCELLANEOUS OPERATING | $5,620,852 |
| OPERATING FEES | $222,562 |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $159,344,082 | TotalAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $878,500,771 | BOYAmt |
| EOY | $74,875,424 | EOYAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $7,969,000 | BOYAmt |
| EOY | $1,695,000 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $22,445,470 | BOYAmt |
| EOY | $31,790,003 | EOYAmt |
Oth Notes Loans Receivable Net OthNotesLoansReceivableNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,873,089,044 | BOYAmt |
| EOY | $4,126,766,759 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $3,103,607 | BOYAmt |
| EOY | $3,815,761 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $102,490,097 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $48,207,910 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $42,656,483 | BOYAmt |
| EOY | $54,282,187 | EOYAmt |
Investments Other Securities InvestmentsOtherSecuritiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $69,308,563 | BOYAmt |
| EOY | $77,696,135 | EOYAmt |
Investments Program Related InvestmentsProgramRelatedGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $60,633,222 | BOYAmt |
| EOY | $42,627,067 | EOYAmt |
Intangible Assets IntangibleAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $13,007,120 | BOYAmt |
| EOY | $56,020,940 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $75,562,079 | BOYAmt |
| EOY | $83,009,559 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $4,046,275,359 | BOYAmt |
| EOY | $4,552,578,835 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $69,842,008 | BOYAmt |
| EOY | $68,826,227 | EOYAmt |
Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | $94,000,000 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $3,594,250,590 | BOYAmt |
| EOY | $3,971,833,108 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $3,664,092,598 | BOYAmt |
| EOY | $4,134,659,335 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Org Does Not Follow FASB117 | Yes (X) | OrgDoesNotFollowFASB117Ind |
Cap Stk Tr Prin Current Funds CapStkTrPrinCurrentFundsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Pd In Cap Srpls Land Bldg Eqp Fund PdInCapSrplsLandBldgEqpFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Rtn Earn Endowment Incm Oth Fnds RtnEarnEndowmentIncmOthFndsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $382,182,761 | BOYAmt |
| EOY | $417,919,500 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $382,182,761 | BOYAmt |
| EOY | $417,919,500 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $4,046,275,359 | BOYAmt |
| EOY | $4,552,578,835 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Reconcilation Revenue Expnss | $39,532,041 | ReconcilationRevenueExpnssAmt |
| Net Unrlzd Gains Losses Invst | -$3,795,302 | NetUnrlzdGainsLossesInvstAmt |
| Other Changes In Net Assets | $0 | OtherChangesInNetAssetsAmt |
| Info In Schedule O Part XII | Yes (X) | InfoInScheduleOPartXIIInd |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | 0 | AccountantCompileOrReviewInd |
| FS Audited | Yes (1) | FSAuditedInd |
FS Audited Basis FSAuditedBasisGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Consolidated Basis Fincl Stmt | Yes (X) | ConsolidatedBasisFinclStmtInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | Yes (1) | AuditCommitteeInd |
| Federal Grant Audit Required | 0 | FederalGrantAuditRequiredInd |
Schedule D IRS990ScheduleD
| Field | Value | IRS element (for citing) |
|---|---|---|
| Agent Trustee Etc | Yes (1) | AgentTrusteeEtcInd |
| Beginning Balance | $0 | BeginningBalanceAmt |
| Additions During Year | $577,352,641 | AdditionsDuringYearAmt |
| Distributions During Year | $572,275,552 | DistributionsDuringYearAmt |
| Ending Balance | $5,077,089 | EndingBalanceAmt |
| Incl Escrow Custodial Acct Liab | 0 | InclEscrowCustodialAcctLiabInd |
Land LandGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $11,632,634 | OtherCostOrOtherBasisAmt |
| Book Value | $11,632,634 | BookValueAmt |
Buildings BuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $55,342,563 | OtherCostOrOtherBasisAmt |
| Depreciation | $20,821,698 | DepreciationAmt |
| Book Value | $34,520,865 | BookValueAmt |
Leasehold Improvements LeaseholdImprovementsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $1,116,155 | OtherCostOrOtherBasisAmt |
| Depreciation | $1,030,559 | DepreciationAmt |
| Book Value | $85,596 | BookValueAmt |
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $34,306,949 | OtherCostOrOtherBasisAmt |
| Depreciation | $26,355,653 | DepreciationAmt |
| Book Value | $7,951,296 | BookValueAmt |
Other Land Buildings OtherLandBuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $91,796 | OtherCostOrOtherBasisAmt |
| Book Value | $91,796 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $54,282,187 | TotalBookValueLandBuildingsAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | MEMBERS' SHARES | Desc |
| Amt | $3,971,833,108 | Amt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $3,971,833,108 | TotalLiabilityAmt |
| Footnote Text | Yes (X) | FootnoteTextInd |
| Total Rev Etc Audited Fincl Stmt | $198,885,198 | TotalRevEtcAuditedFinclStmtAmt |
| Other Revenue | $9,075 | OtherRevenueAmt |
| Revenue Not Reported | $9,075 | RevenueNotReportedAmt |
| Revenue Subtotal | $198,876,123 | RevenueSubtotalAmt |
| Revenue Not Reported Fincl Stmt | $0 | RevenueNotReportedFinclStmtAmt |
| Total Revenue Per Form990 | $198,876,123 | TotalRevenuePerForm990Amt |
| Tot Expns Etc Audited Fincl Stmt | $159,353,157 | TotExpnsEtcAuditedFinclStmtAmt |
| Other Expenses Included | $9,075 | OtherExpensesIncludedAmt |
| Expenses Not Reported | $9,075 | ExpensesNotReportedAmt |
| Expenses Subtotal | $159,344,082 | ExpensesSubtotalAmt |
| Expenses Not Rpt Fincl Stmt | $0 | ExpensesNotRptFinclStmtAmt |
| Total Expenses Per Form990 | $159,344,082 | TotalExpensesPerForm990Amt |
Supplemental Information Detail SupplementalInformationDetail (3 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| PART X, LINE 2: | THE CREDIT UNION IS EXEMPT, BY STATUTE, FROM FEDERAL AND STATE INCOME TAXES. MANAGEMENT EVALUATED THE CREDIT UNION'S TAX POSITIONS AND CONCLUDED THE CREDIT UNION HAD TAKEN NO UNCERTAIN TAX POSITIONS THAT REQUIRE ADJUSTMENT TO FINANCIAL STATEMENTS TO COMPLY WITH THE PROVISIONS OF THIS GUIDANCE. THE CREDIT UNION FILES FORM 990 IN THE US FEDERAL JURISDICTION. |
| PART XI, LINE 2D - OTHER ADJUSTMENTS: | REVENUE INCLUDED IN EXPENSES 9,075. |
| PART XII, LINE 2D - OTHER ADJUSTMENTS: | REVENUE INCLUDED IN EXPENSES 9,075. |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Records Maintained | Yes (1) | GrantRecordsMaintainedInd |
Recipient Table RecipientTable (10 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | Recipient EINRecipientEIN | IRC SectionIRCSectionDesc | Cash GrantCashGrantAmt | Non Cash AssistanceNonCashAssistanceAmt | Purpose Of GrantPurposeOfGrantTxt |
|---|---|---|---|---|---|---|---|---|
| UNITED WAY OF THE GREATER CHIPPEWA VALLEY | ||||||||
| 3606 N HASTINGS WAY SUITE 200 | EAU CLAIRE | WI | 54703 | 391077901 | 501(C)(3) | $10,250 | $0 | ANNUAL DONATION |
| EAU CLAIRE COMMUNITY FOUNDATION | ||||||||
| 306 S BARSTOW ST 104 | EAU CLAIRE | WI | 54701 | 391891064 | 501(C)(3) | $5,500 | $0 | RCU AND ECCF NONPROFIT PROFESSIONAL DEVELOPMENT FUND AND EVENT DONATION |
| NORTH CENTRAL WISCONSIN AHEC INC | ||||||||
| 518 S 7TH AVE ROOM 086 | WAUSAU | WI | 54401 | 391740838 | 501(C)(3) | $5,600 | $0 | COMMUNITY HEALTH INTERNSHIP PROGRAM |
| UW-EAU CLAIRE FOUNDATION | ||||||||
| 105 GARFIELD AVE | EAU CLAIRE | WI | 54701 | 390972350 | 501(C)(3) | $15,000 | $0 | CARSON PARK TURF |
| NATIONAL CREDIT UNION FOUNDATION | ||||||||
| 4703 MADISON YARDS WAY SUITE 300 | MADISON | WI | 53705 | 391383650 | 501(C)(3) | $10,000 | $0 | ANNUAL SUPPORT |
| POWER OF PERCEPTION | ||||||||
| 5576 NORMANDALE DR | EAU CLAIRE | WI | 54703 | 862587368 | 501(C)(3) | $10,000 | $0 | END OF YEAR DONATION - PROGRAM SUPPORT |
| BOYS AND GIRLS CLUB OF THE GREATER CHIPPEWA VALLEY | ||||||||
| 1005 OXFORD AVE | EAU CLAIRE | WI | 54703 | 392032491 | 501(C)(3) | $8,000 | $0 | ALTOONA EXPANSION AND END OF YEAR DONATION |
| FEED MY PEOPLE | ||||||||
| 2610 ALPINE RD | EAU CLAIRE | WI | 54703 | 361488941 | 501(C)(3) | $5,500 | $0 | OPERATION PICNIC AND EMPTY BOWLS |
| GREATER TWIN CITIES UNITED WAY | ||||||||
| 404 S 8TH ST | MINNEAPOLIS | MN | 55404 | 411973442 | 501(C)(3) | $21,000 | $0 | ANNUAL DONATION - METRO BRANCHES |
| PARTNERSHIP PLAN FOR STILLWATER AREA PUBLIC SCHOOLS | ||||||||
| 1875 GREELEY ST S | STILLWATER | MN | 55082 | 203012418 | 501(C)(3) | $11,000 | $0 | PONY UP FOR KIDS CAMPAIGN |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total501c3 Org | 15 | Total501c3OrgCnt |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART I, LINE 2: | FormAndLineReferenceDesc |
| Explanation | DONATIONS ARE GIVEN TO ORGANIZATIONS WHO REQUEST FUNDS VIA COMPLETION OF A SHORT FORM OR ARE DONATIONS GRANTED FOR GENERAL OPERATING FUNDS. EIN AND W-9 INFORMATION IS COLLECTED PRIOR TO FUNDS BEING DISBURSED. | ExplanationTxt |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Compensation Committee | Yes (X) | CompensationCommitteeInd |
| Independent Consultant | Yes (X) | IndependentConsultantInd |
| Written Employment Contract | Yes (X) | WrittenEmploymentContractInd |
| Compensation Survey | Yes (X) | CompensationSurveyInd |
| Board Or Committee Approval | Yes (X) | BoardOrCommitteeApprovalInd |
| Severance Payment | 0 | SeverancePaymentInd |
| Supplemental Nonqual Rtr Plan | Yes (1) | SupplementalNonqualRtrPlanInd |
| Equity Based Comp Arrngm | 0 | EquityBasedCompArrngmInd |
Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (14 entries)
| TitleTitleTxt | Base Compensation Filing OrgBaseCompensationFilingOrgAmt | Compensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmt | Bonus Filing OrganizationBonusFilingOrganizationAmount | Bonus Related OrganizationsBonusRelatedOrganizationsAmt | Other Compensation Filing OrgOtherCompensationFilingOrgAmt | Other Compensation Rltd OrgsOtherCompensationRltdOrgsAmt | Deferred Compensation Flng OrgDeferredCompensationFlngOrgAmt | Deferred Comp Rltd OrgsDeferredCompRltdOrgsAmt | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmt | Nontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmt | Total Compensation Filing OrgTotalCompensationFilingOrgAmt | Total Compensation Rltd OrgsTotalCompensationRltdOrgsAmt | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmt | Comp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| BRANDON RIECHERS | ||||||||||||||
| CEO/PRESIDENT | $718,201 | $0 | $239,571 | $0 | $355,000 | $0 | $665,091 | $0 | $57,568 | $0 | $2,035,431 | $0 | $283,635 | $0 |
| JAN JOHNSON | ||||||||||||||
| EVP-ORGANIZATIONAL AGILITY | $336,820 | $0 | $195,439 | $0 | $493,896 | $0 | $12,877 | $0 | $38,848 | $0 | $1,077,880 | $0 | $83,754 | $0 |
| JON HEHLI | ||||||||||||||
| EVP-CHIEF FINANCIAL OFFICER | $249,268 | $0 | $222,715 | $0 | $286,135 | $0 | $15,250 | $0 | $38,690 | $0 | $812,058 | $0 | $56,512 | $0 |
| MICHAEL DILL | ||||||||||||||
| EVP-CHIEF LENDING OFFICER | $286,870 | $0 | $165,916 | $0 | $0 | $0 | $131,960 | $0 | $58,788 | $0 | $643,534 | $0 | $0 | $0 |
| PAMELA HALLER | ||||||||||||||
| EVP-CHIEF DIGITAL EXPERIEN | $253,041 | $0 | $144,044 | $0 | $0 | $0 | $187,776 | $0 | $32,270 | $0 | $617,131 | $0 | $0 | $0 |
| JARED JOHNSON | ||||||||||||||
| MORTGAGE LOAN OFFICER | $432,353 | $0 | $103,212 | $0 | $0 | $0 | $10,755 | $0 | $31,461 | $0 | $577,781 | $0 | $0 | $0 |
| ADAM KINNARD | ||||||||||||||
| EVP-CHIEF TECHNOLOGY OFFIC | $243,548 | $0 | $141,520 | $0 | $0 | $0 | $145,788 | $0 | $41,375 | $0 | $572,231 | $0 | $0 | $0 |
| GEOFFREY BULLOCK | ||||||||||||||
| EVP - MEMBER EXPERIENCE | $227,660 | $0 | $140,963 | $0 | $0 | $0 | $15,250 | $0 | $39,822 | $0 | $423,695 | $0 | $0 | $0 |
| GLEN KENNISON | ||||||||||||||
| VP-CREDIT RISK MANAGEMENT | $246,158 | $0 | $99,955 | $0 | $0 | $0 | $15,250 | $0 | $35,648 | $0 | $397,011 | $0 | $0 | $0 |
| MATTHEW GERBER | ||||||||||||||
| VP-MORTGAGE LENDING | $229,297 | $0 | $91,359 | $0 | $0 | $0 | $11,575 | $0 | $41,755 | $0 | $373,986 | $0 | $0 | $0 |
| RYAN BALTS | ||||||||||||||
| VP-FINANCE | $199,313 | $0 | $92,521 | $0 | $0 | $0 | $15,221 | $0 | $38,973 | $0 | $346,028 | $0 | $0 | $0 |
| JEFFREY SPROUL | ||||||||||||||
| MORTGAGE LOAN OFFICER | $261,698 | $0 | $61,280 | $0 | $0 | $0 | $7,139 | $0 | $14,530 | $0 | $344,647 | $0 | $0 | $0 |
| GRANT BEARDSLEY | ||||||||||||||
| EVP-CHIEF LEGAL OFFICER | $208,403 | $0 | $67,284 | $0 | $0 | $0 | $34,225 | $0 | $22,432 | $0 | $332,344 | $0 | $0 | $0 |
| JOSEPH HASTO JR | ||||||||||||||
| EVP-CHIEF FINANCIAL OFFICER | $171,092 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $11,272 | $0 | $182,364 | $0 | $0 | $0 |
Supplemental Information Detail SupplementalInformationDetail (2 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| PART I, LINE 3 | ROYAL CREDIT UNION'S BOARD UTILIZES VARIOUS SALARY SURVEYS AND AN OUTSIDE CONSULTANT TO DETERMINE COMPENSATION FOR THE CEO. |
| PART I, LINE 4B | BRANDON REICHERS - PARTICIPATED IN 457-F PLAN, $355,000 DISTRIBUTED IN 2022, $649,841 DEFERRED MICHAEL DILL - PARTICIPATED IN 457-F PLAN, NO DISTRIBUTIONS, $121,039 DEFERRED PAMELA HALLER - PARTICIPATED IN 457-F PLAN, NO DISTRIBUTIONS, $174,642 DEFERRED ADAM KINNARD - PARTICIPATED IN 457-F PLAN, NO DISTRIBUTIONS, $132,906 DEFERRED JAN JOHNSON - PARTICIPATED IN 457-F PLAN, $493,896 DISTRIBUTED IN 2022, NO DEFERRAL JON HEHLI - PARTICIPATED IN 457-F PLAN, $286,135 DISTRIBUTED IN 2022, NO DEFERRAL |
Schedule L IRS990ScheduleL
Bus Tr Involve Interested Prsn BusTrInvolveInterestedPrsnGrp
Name Of Interested NameOfInterested
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | WILLIAM BLACKBURN | PersonNm |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Relationship Description | BOARD OF DIRECTOR & CO-OWNER OF L&M MAIL AND COURIER | RelationshipDescriptionTxt |
| Transaction | $142,146 | TransactionAmt |
| Transaction | MAIL PROCESSING SERVICES ARE PROVIDED TO ROYAL CREDIT UNION BY L&M MAIL AND COURIER | TransactionDesc |
| Sharing Of Revenues | 0 | SharingOfRevenuesInd |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (8 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| FORM 990, PART VI, SECTION A, LINE 6 | THE ORGANIZATION CONSISTS OF MEMBERS. TO BE A MEMBER, ONE MUST HAVE A SHARE/SAVINGS ACCOUNT. EACH MEMBER HAS ONE VOTE TO ELECT THE GOVERNING BODY (BOARD OF DIRECTORS). |
| FORM 990, PART VI, SECTION A, LINE 7A | THE BOARD OF DIRECTORS IS ELECTED BY THE MEMBERSHIP UTILIZING THEIR ONE VOTE PER MEMBER. |
| FORM 990, PART VI, SECTION A, LINE 7B | EACH MEMBER HAS ONE VOTE TO UTILIZE IN RATIFYING SIGNIFICANT DECISIONS BEYOND THE AUTHORITY OF THE BOARD AS OUTLINED IN THE ORGANIZATION'S BYLAWS. ANY DECISION TO DISSOLVE OR MERGE THE ORGANIZATION REQUIRES APPROVAL OF MEMBERSHIP, UNLESS MANDATED BY REGULATORY AGENCY (I.E., NCUA, WISCONSIN OFFICE OF CREDIT UNIONS). |
| FORM 990, PART VI, SECTION B, LINE 11B | THE RETURN PREPARER EMAILS A COPY OF THE FINAL FORM 990 TO THE VP-FINANCE FOR REVIEW. THE CFO PERFORMS A FINAL REVIEW PRIOR TO SIGNING AND SUBMISSION TO THE IRS. THE CFO REPORTS THE COMPLETION OF THE FORM 990 BY THE REQUIRED DEADLINES TO MANAGEMENT AND THE BOARD OF DIRECTORS. |
| FORM 990, PART VI, SECTION B, LINE 12C | THE CONFLICT OF INTEREST POLICY IS INCLUDED IN THE CODE OF ETHICS POLICY. THE POLICY PREVENTS TEAM MEMBERS FROM TRANSACTING BUSINESS ON THEIR ACCOUNTS. THE CODE OF ETHICS ALSO PROHIBITS TEAM MEMBERS FROM TRANSACTING ON ACCOUNTS THEY ARE ASSOCIATED WITH, REGARDLESS OF OWNERSHIP. |
| FORM 990, PART VI, SECTION B, LINE 15 | ROYAL CREDIT UNION'S BOARD UTILIZES VARIOUS SALARY SURVEYS AND AN OUTSIDE CONSULTANT TO DETERMINE COMPENSATION FOR THE CEO. ROYAL CREDIT UNION UTILIZES MARKET SALARY SURVEYS AND AN OUTSIDE COMPENSATION CONSULTANT TO ASSIST THEM IN DETERMINING MARKET APPROPRIATE SALARY GRADES AND THE PLACEMENT OF POSITIONS INTO THEM FOR THE EXECUTIVE TEAM. THE VP AND EVP OF THE TALENT SERVICES TEAM THEN REVIEWED AND APPROVED THE CONSULTANT'S RECOMMENDATION FOR THE EXECUTIVE TEAM'S MARKET SALARY RANGES AND BONUS TIER RECOMMENDATIONS IN ALIGNMENT TO OUR COMPENSATION PHILOSOPHY. ANY SIGNIFICANT CHANGES ARE ALSO APPROVED BY THE CEO. THIS PROCESS WAS MOST RECENTLY COMPLETED IN 2022. |
| FORM 990, PART VI, SECTION C, LINE 19 | ROYAL CREDIT UNION'S ANNUAL FINANCIAL STATEMENTS ARE POSTED IN ALL BRANCH OFFICES. YEAR-END FINANCIAL STATEMENTS ARE ALSO PROVIDED IN THE ANNUAL REPORT AND PRESENTED AT THE ANNUAL MEETING IN APRIL. GOVERNING DOCUMENTS WOULD BE MADE AVAILABLE UPON REQUEST. |
| FORM 990, PART XII, LINE 2C: | THIS PROCESS HAS NOT CHANGED FROM LAST YEAR. |
Schedule R IRS990ScheduleR
Id Disregarded Entities IdDisregardedEntitiesGrp (2 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | EINEIN | Primary ActivitiesPrimaryActivitiesTxt | Legal Domicile StateLegalDomicileStateCd | Total IncomeTotalIncomeAmt | End Of Year AssetsEndOfYearAssetsAmt | Business Name Line1DirectControllingEntityName/BusinessNameLine1Txt |
|---|---|---|---|---|---|---|---|---|---|
| 317 LLC | |||||||||
| 402 GRAHAM AVE | EAU CLAIRE | WI | 54701 | 384119611 | REAL ESTATE HOLDING COMPANY | WI | $0 | $1,458 | ROYAL CREDIT UNION |
| LEDGENDS TITLE SERVICES | |||||||||
| 2225 BRACKETT AVE | EAU CLAIRE | WI | 54701 | 465193797 | TITLE SERVICE | WI | $2,154,038 | $3,502,719 | ROYAL CREDIT UNION |
Id Related Tax Exempt Org IdRelatedTaxExemptOrgGrp
Disregarded Entity Name DisregardedEntityName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RCU FOUNDATION INC | BusinessNameLine1Txt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 200 RIVERFRONT TERRACE | AddressLine1Txt |
| City | EAU CLAIRE | CityNm |
| State Abbreviation | WI | StateAbbreviationCd |
| ZIP | 54703 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 461588898 | EIN |
| Primary Activities | CHARITABLE FOUNDATION TO BENEFIT THE COMMUNITIES ROYAL CREDIT UNION SERVES | PrimaryActivitiesTxt |
| Legal Domicile State | WI | LegalDomicileStateCd |
| Exempt Code Section | 501(C)(3) | ExemptCodeSectionTxt |
| Public Charity Status | PF | PublicCharityStatusTxt |
Direct Controlling Entity Name DirectControllingEntityName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | ROYAL CREDIT UNION | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Controlled Organization | Yes (1) | ControlledOrganizationInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Receipt Of Int Annts Rnts Rylts | 0 | ReceiptOfIntAnntsRntsRyltsInd |
| Gift Grnt Or Cap Contri To Oth Org | Yes (1) | GiftGrntOrCapContriToOthOrgInd |
| Gift Grnt Cap Contri From Oth Org | 0 | GiftGrntCapContriFromOthOrgInd |
| Loans Or Guarantees To Other Org | 0 | LoansOrGuaranteesToOtherOrgInd |
| Loans Or Guarantees From Oth Org | 0 | LoansOrGuaranteesFromOthOrgInd |
| Div Related Organization | 0 | DivRelatedOrganizationInd |
| Asset Sale To Other Org | 0 | AssetSaleToOtherOrgInd |
| Asset Purchase From Other Org | 0 | AssetPurchaseFromOtherOrgInd |
| Asset Exchange | 0 | AssetExchangeInd |
| Rental Of Facilities To Oth Org | 0 | RentalOfFacilitiesToOthOrgInd |
| Rental Of Fclts From Oth Org | 0 | RentalOfFcltsFromOthOrgInd |
| Perform Of Services For Oth Org | Yes (1) | PerformOfServicesForOthOrgInd |
| Perform Of Services By Other Org | 0 | PerformOfServicesByOtherOrgInd |
| Sharing Of Facilities | Yes (1) | SharingOfFacilitiesInd |
| Paid Employees Sharing | Yes (1) | PaidEmployeesSharingInd |
| Reimbursement Paid To Other Org | Yes (1) | ReimbursementPaidToOtherOrgInd |
| Reimbursement Paid By Other Org | 0 | ReimbursementPaidByOtherOrgInd |
| Transfer To Other Org | 0 | TransferToOtherOrgInd |
| Transfer From Other Org | 0 | TransferFromOtherOrgInd |
Transactions Related Org TransactionsRelatedOrgGrp
Other Organization Name OtherOrganizationName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RCU FOUNDATION INC | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Transaction Type | B | TransactionTypeTxt |
| Involved | $1,723,741 | InvolvedAmt |
| Method Of Amount Determination | FAIR MARKET VALUE | MethodOfAmountDeterminationTxt |
Comments