ROYAL CREDIT UNION: Form 990, tax year 2020
View the entire original 990 at ProPublica ↗
- Organization
- ROYAL CREDIT UNION (EIN 39-6072970)
- Tax period
- 2020-01-01 to 2020-12-31
- Filed
- 2021-11-12
- IRS object ID
- 202143169349310784
- Schema version
- 2020v4.1
- 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 | 2021-11-12T15:45:01-06:00 | ReturnTs |
| Tax Period End | 2020-12-31 | 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 | 2020-01-01 | 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 | 7158338111 | 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 | JON HEHLI | PersonNm |
| Person Title | CHIEF FINANCIAL OFFICER | PersonTitleTxt |
| Phone | 7158338111 | PhoneNum |
| Signature | 2021-11-11 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
Signing Officer SigningOfficerGrp
Person Full Name PersonFullName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person First | JON | PersonFirstNm |
| Person Last | HEHLI | PersonLastNm |
| Field | Value | IRS element (for citing) |
|---|---|---|
| SSN | 999009999 | SSN |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | TANYA MEDGAARDEN | PreparerPersonNm |
| PTIN | P01717240 | PTIN |
| Phone | 5074347000 | PhoneNum |
| Preparation | 2021-11-09 | 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 | 2020 | TaxYr |
| Build TS | 2022-09-23 18:48:47Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | JON HEHLI | 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 | $170,121,443 | 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 | 806 | TotalEmployeeCnt |
| Total Volunteers | 680 | TotalVolunteersCnt |
| Total Gross UBI | $241,963 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | $0 | NetUnrelatedBusTxblIncmAmt |
| PY Contributions Grants | $0 | PYContributionsGrantsAmt |
| CY Contributions Grants | $0 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $146,906,492 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $167,112,473 | CYProgramServiceRevenueAmt |
| PY Investment Income | $6,835,971 | PYInvestmentIncomeAmt |
| CY Investment Income | $4,114,175 | CYInvestmentIncomeAmt |
| PY Other Revenue | $0 | PYOtherRevenueAmt |
| CY Other Revenue | -$1,126,172 | CYOtherRevenueAmt |
| PY Total Revenue | $153,742,463 | PYTotalRevenueAmt |
| CY Total Revenue | $170,100,476 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $1,453,955 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $1,719,770 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $26,381,727 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $25,351,195 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $49,202,912 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $55,457,880 | CYSalariesCompEmpBnftPaidAmt |
| PY Total Prof Fndrsng Expns | $0 | PYTotalProfFndrsngExpnsAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $0 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $50,717,481 | PYOtherExpensesAmt |
| CY Other Expenses | $59,065,751 | CYOtherExpensesAmt |
| PY Total Expenses | $127,756,075 | PYTotalExpensesAmt |
| CY Total Expenses | $141,594,596 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | $25,986,388 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | $28,505,880 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $2,837,926,175 | TotalAssetsBOYAmt |
| Total Assets EOY | $3,465,269,366 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $2,551,352,414 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $3,150,189,725 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $286,573,761 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $315,079,641 | NetAssetsOrFundBalancesEOYAmt |
| Mission | TO CREATE A POSITIVE IMPACT IN THE LIVES WE TOUCH. | MissionDesc |
| Significant New Program Srvc | 0 | SignificantNewProgramSrvcInd |
| Significant Change | 0 | SignificantChangeInd |
| Desc | WE FUNDED 47,621 LOANS DURING 2020. AS OF 12/31/20, WE HAD 26,183 MORTGAGES/HOME EQUITY, 129,093 CONSUMER LOANS AND 4,270 MEMBER BUSINESS LOANS. WE ALSO HAD 42,545 CREDIT CARD ACCOUNTS WITH OUR MEMBERS AT 12/31/20. | Desc |
Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | WE HAVE DEPOSIT, TRANSACTION, AND INVESTMENT ACCOUNTS WITH 235,458 MEMBERS AT 12/31/20. DURING 2020, WE OPENED 50,941 NEW DEPOSIT, TRANSACTION AND INVESTMENT ACCOUNTS. | 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 | 0 | 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 | 0 | TransactionWithControlEntInd |
| Activities Conducted Prtshp | 0 | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (1) | ScheduleORequiredInd |
| IRP Document | 56327 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Employee | 806 | 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 |
| Indoor Tanning Services | 0 | IndoorTanningServicesInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | 0 | 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 | JON HEHLI | PersonNm |
| Phone | 7158338111 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 970 | AddressLine1Txt |
| City | EAU CLAIRE | CityNm |
| State Abbreviation | WI | StateAbbreviationCd |
| ZIP | 54702 | ZIPCd |
Form990 Part VII Section A Form990PartVIISectionAGrp (20 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 |
|---|---|---|---|---|---|---|---|
| DOUG OLSON | |||||||
| CHAIRPERSON | 10.00 | Yes (X) | Yes (X) | $33,076 | $0 | $0 | |
| THOMAS HUFFCUTT | |||||||
| TREASURER | 10.00 | Yes (X) | Yes (X) | $23,968 | $0 | $0 | |
| JOHN SACKETT | |||||||
| ASSISTANT VICE CHAIRPERSON | 10.00 | Yes (X) | Yes (X) | $18,613 | $0 | $0 | |
| JENNIFER MCDONOUGH | |||||||
| SECRETARY | 10.00 | Yes (X) | Yes (X) | $17,748 | $0 | $0 | |
| WILLIAM BLACKBURN | |||||||
| ASSISTANT SECRETARY | 10.00 | Yes (X) | Yes (X) | $16,435 | $0 | $0 | |
| STUART SCHAEFER | |||||||
| VICE CHAIRPERSON | 10.00 | Yes (X) | Yes (X) | $16,255 | $0 | $0 | |
| NANCY BELTZ | |||||||
| ASSISTANT TREASURER | 10.00 | Yes (X) | Yes (X) | $14,255 | $0 | $0 | |
| BRANDON RIECHERS | |||||||
| CEO/PRESIDENT | 40.00 | Yes (X) | $761,291 | $0 | $928,646 | ||
| JON HEHLI | |||||||
| EVP-CFO | 40.00 | Yes (X) | $502,661 | $0 | $70,025 | ||
| JAN JOHNSON | |||||||
| EVP-ORGANIZATIONAL AGILITY | 40.00 | Yes (X) | $413,458 | $0 | $46,852 | ||
| MICHAEL DILL | |||||||
| EVP-CHIEF LENDING OFFICER | 40.00 | Yes (X) | $352,945 | $0 | $59,441 | ||
| PAMELA HALLER | |||||||
| EVP-CHIEF DIGITAL EXPERIENCE & MARKETING OFFICER | 40.00 | Yes (X) | $293,465 | $0 | $39,475 | ||
| ADAM KINNARD | |||||||
| EVP-CHIEF TECHNOLOGY OFFIC | 40.00 | Yes (X) | $269,254 | $0 | $48,275 | ||
| AMY FORCIER-PABST | |||||||
| EVP-MEMBER EXPERIENCE | 40.00 | Yes (X) | $249,862 | $0 | $63,913 | ||
| GEOFFREY BULLOCK | |||||||
| EVP - MEMBER EXPERIENCE | 40.00 | Yes (X) | $83,233 | $0 | $5,453 | ||
| JARED JOHNSON | |||||||
| MORTGAGE LOAN OFFICER | 40.00 | $598,608 | $0 | $40,337 | Yes (X) | ||
| JEFFREY SPROUL | |||||||
| MORTGAGE LOAN OFFICER | 40.00 | $539,918 | $0 | $33,818 | Yes (X) | ||
| BARBARA OAS-HOLMES | |||||||
| MORTGAGE LOAN OFFICER | 40.00 | $454,608 | $0 | $66,478 | Yes (X) | ||
| JACOB SPIES | |||||||
| REGIONAL MORTGAGE SALES MA | 40.00 | $432,177 | $0 | $79,127 | Yes (X) | ||
| MARK ERICKSON | |||||||
| MORTGAGE LOAN OFFICER | 40.00 | $414,574 | $0 | $45,082 | Yes (X) | ||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $5,506,404 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $0 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $1,526,922 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 96 | 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 |
|---|---|---|---|---|---|
| RADIAN VALUATION SERVICES LLC | |||||
| 1000 GSK DR SUITE 210 | CORAOPOLIS | PA | 15108 | APPRAISALS FOR MORTGAGE LOANS | $1,808,690 |
| HOEFT BUILDERS INC | |||||
| 1450 RIVERS EDGE TRAIL SUITE A | ALTOONA | WI | 54720 | CONTRACTOR | $598,283 |
| THILLENS INC | |||||
| 4242 N ELSTON AVENUE | CHICAGO | IL | 606181810 | ATM CASH PROVIDER | $272,071 |
| SERVICE SOLUTIONS INC | |||||
| 161 BUSINESS PARK CIRCLE | STOUGHTON | WI | 53589 | ATM MAINTENANCE (TECHNICIANS) | $245,831 |
| INFO-PRO LENDERS SERVICES INC | |||||
| 1325 SOUTH MAIN STREET | FOND DU LAC | WI | 54935 | TAX MONITORING SERVICE | $226,765 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 19 | CntrctRcvdGreaterThan100KCnt |
Program Service Revenue ProgramServiceRevenueGrp (3 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt | Unrelated Business RevenueUnrelatedBusinessRevenueAmt |
|---|---|---|---|---|
| LOAN INTEREST | 522100 | $114,046,551 | $114,046,551 | |
| OTHER OPERATING INCOME | 522100 | $43,140,794 | $43,140,794 | |
| SERVICE CHARGES & FEE INCOME | 522100 | $9,925,128 | $9,683,165 | $241,963 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $167,112,473 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $4,059,133 | TotalRevenueColumnAmt |
| Exclusion | $4,059,133 | ExclusionAmt |
Gross Amount Sales Assets GrossAmountSalesAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $76,009 | SecuritiesAmt |
Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $0 | SecuritiesAmt |
| Other | $20,967 | OtherAmt |
Gain Or Loss GainOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $76,009 | SecuritiesAmt |
| Other | -$20,967 | OtherAmt |
Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $55,042 | TotalRevenueColumnAmt |
| Exclusion | $55,042 | ExclusionAmt |
Other Revenue Misc OtherRevenueMiscGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | OTHER NON-OP INC/EXP | Desc |
| Total Revenue Column | -$1,126,172 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | -$1,126,172 | RelatedOrExemptFuncIncomeAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Revenue Total | -$1,126,172 | OtherRevenueTotalAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $170,100,476 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $165,744,338 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $241,963 | UnrelatedBusinessRevenueAmt |
| Exclusion | $4,114,175 | ExclusionAmt |
Grants To Domestic Orgs GrantsToDomesticOrgsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,719,770 | TotalAmt |
Benefits To Members BenefitsToMembersGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $25,351,195 | TotalAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $4,328,599 | TotalAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $40,488,537 | TotalAmt |
Pension Plan Contributions PensionPlanContributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,842,187 | TotalAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $5,322,868 | TotalAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $3,475,689 | TotalAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $661,476 | TotalAmt |
Advertising AdvertisingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $3,914,443 | TotalAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $13,307,665 | TotalAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $3,253,315 | TotalAmt |
Travel TravelGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $164,609 | TotalAmt |
Interest InterestGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $123,667 | TotalAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $3,218,468 | TotalAmt |
Other Expenses OtherExpensesGrp (4 entries)
| DescDesc | TotalTotalAmt |
|---|---|
| PROVISION FOR LOAN LOSS | $22,085,267 |
| LOAN SERVICING | $8,479,960 |
| MISCELLANEOUS OPERATING | $3,658,226 |
| OPERATING FEES | $198,655 |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $141,594,596 | TotalAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $165,368,614 | BOYAmt |
| EOY | $609,736,355 | EOYAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $3,378,000 | BOYAmt |
| EOY | $4,332,000 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $31,194,453 | BOYAmt |
| EOY | $34,624,265 | EOYAmt |
Oth Notes Loans Receivable Net OthNotesLoansReceivableNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,488,243,632 | BOYAmt |
| EOY | $2,654,267,584 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,671,611 | BOYAmt |
| EOY | $3,274,159 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $79,773,820 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $41,859,116 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $38,668,760 | BOYAmt |
| EOY | $37,914,704 | EOYAmt |
Investments Other Securities InvestmentsOtherSecuritiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $13,009,531 | BOYAmt |
| EOY | $7,974,686 | EOYAmt |
Investments Program Related InvestmentsProgramRelatedGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $31,039,419 | BOYAmt |
| EOY | $41,134,727 | EOYAmt |
Intangible Assets IntangibleAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $11,312,570 | BOYAmt |
| EOY | $11,056,773 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $53,039,585 | BOYAmt |
| EOY | $60,954,113 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,837,926,175 | BOYAmt |
| EOY | $3,465,269,366 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $50,839,122 | BOYAmt |
| EOY | $55,514,462 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,500,513,292 | BOYAmt |
| EOY | $3,094,675,263 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,551,352,414 | BOYAmt |
| EOY | $3,150,189,725 | 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 | $286,573,761 | BOYAmt |
| EOY | $315,079,641 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $286,573,761 | BOYAmt |
| EOY | $315,079,641 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,837,926,175 | BOYAmt |
| EOY | $3,465,269,366 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Reconcilation Revenue Expnss | $28,505,880 | ReconcilationRevenueExpnssAmt |
| 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) |
|---|---|---|
| Separate Basis Fincl Stmt | Yes (X) | SeparateBasisFinclStmtInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | Yes (1) | AuditCommitteeInd |
| Federal Grant Audit Required | Yes (1) | FederalGrantAuditRequiredInd |
| Federal Grant Audit Performed | Yes (1) | FederalGrantAuditPerformedInd |
Schedule D IRS990ScheduleD
Land LandGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $7,991,721 | OtherCostOrOtherBasisAmt |
| Book Value | $7,991,721 | BookValueAmt |
Buildings BuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $43,079,826 | OtherCostOrOtherBasisAmt |
| Depreciation | $18,272,272 | DepreciationAmt |
| Book Value | $24,807,554 | BookValueAmt |
Leasehold Improvements LeaseholdImprovementsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $1,048,979 | OtherCostOrOtherBasisAmt |
| Depreciation | $885,465 | DepreciationAmt |
| Book Value | $163,514 | BookValueAmt |
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $27,653,294 | OtherCostOrOtherBasisAmt |
| Depreciation | $22,701,379 | DepreciationAmt |
| Book Value | $4,951,915 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $37,914,704 | TotalBookValueLandBuildingsAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | MEMBERS' SHARES | Desc |
| Amt | $3,094,675,263 | Amt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $3,094,675,263 | TotalLiabilityAmt |
| Footnote Text | Yes (X) | FootnoteTextInd |
| Total Rev Etc Audited Fincl Stmt | $170,131,348 | TotalRevEtcAuditedFinclStmtAmt |
| Revenue Not Reported | $0 | RevenueNotReportedAmt |
| Revenue Subtotal | $170,131,348 | RevenueSubtotalAmt |
| Other Revenues Not Included | -$30,872 | OtherRevenuesNotIncludedAmt |
| Revenue Not Reported Fincl Stmt | -$30,872 | RevenueNotReportedFinclStmtAmt |
| Total Revenue Per Form990 | $170,100,476 | TotalRevenuePerForm990Amt |
| Tot Expns Etc Audited Fincl Stmt | $141,625,468 | TotExpnsEtcAuditedFinclStmtAmt |
| Expenses Not Reported | $0 | ExpensesNotReportedAmt |
| Expenses Subtotal | $141,625,468 | ExpensesSubtotalAmt |
| Other Expenses Not Included | -$30,872 | OtherExpensesNotIncludedAmt |
| Expenses Not Rpt Fincl Stmt | -$30,872 | ExpensesNotRptFinclStmtAmt |
| Total Expenses Per Form990 | $141,594,596 | TotalExpensesPerForm990Amt |
Supplemental Information Detail SupplementalInformationDetail (4 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 JURISTICTION. |
| PART XI, LINE 4B - OTHER ADJUSTMENTS: | EXPENSES INCLUDED IN REVENUE -30,872. |
| PART XII, LINE 2D - OTHER ADJUSTMENTS: | ROUNDING |
| PART XII, LINE 4B - OTHER ADJUSTMENTS: | EXPENSES INCLUDED IN REVENUE -30,872. |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Records Maintained | Yes (1) | GrantRecordsMaintainedInd |
Recipient Table RecipientTable (15 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | Recipient EINRecipientEIN | IRC SectionIRCSectionDesc | Cash GrantCashGrantAmt | Purpose Of GrantPurposeOfGrantTxt |
|---|---|---|---|---|---|---|---|
| EAU CLAIRE COMMUNITY FOUNDATION | |||||||
| 306 S BARSTOW ST 104 | EAU CLAIRE | WI | 54701 | 391891064 | 501(C)(3) | $15,000 | EMERGENCY RESPONSE FUND & CARSON PARK BASEBALL STADIUM RENOVATION |
| NATIONAL CREDIT UNION FOUNDATION | |||||||
| 5710 MINERAL POINT ROAD | MADISON | WI | 53705 | 391383650 | 501(C)(3) | $10,000 | ANNUAL DONATION-SILVER SUPPORTER |
| SUMMIT-UNIVERSITY PLANNING COUNCIL | |||||||
| 627 SELBY AVE | ST PAUL | MN | 55104 | 411278449 | 501(C)(3) | $10,000 | FROGTOWN-RONDO BUSINESS RECOVERY FUND |
| SECUREFUTURES | |||||||
| 710 N PLANKINTON AVE 1400 | MILWAUKEE | WI | 53203 | 205203533 | 501(C)(3) | $8,000 | FINANCIAL EDUCATION PARTNERSHIP-COVID |
| UNITED WAY OF THE GREATER CHIPPEWA VALLEY | |||||||
| 3603 N HASTINGS WAY 200 | EAU CLAIRE | WI | 54703 | 391077901 | 501(C)(3) | $8,000 | ANNUAL CORPORATE GIFT |
| ST CROIX VALLEY FOUNDATION | |||||||
| 516 SECOND STREET SUITE 214 | HUDSON | WI | 54016 | 411817315 | 501(C)(3) | $7,500 | COVID-19 RESPONSE |
| UW-EAU CLAIRE FOUNDATION | |||||||
| 105 GARFIELD AVE | EAU CLAIRE | WI | 54701 | 390972350 | 501(C)(3) | $15,000 | LOCAL BLUGOLD SCHOLARSHIP & CARSON PARK TURF |
| WORKFORCE RESOURCE INC | |||||||
| 401 TECHNOLOGY DRIVE E SUITE 100 | MENOMONIE | WI | 54751 | 391455735 | 501(C)(3) | $6,000 | FINANCIAL EDUCATION INCENTIVE PROGRAM-COVID |
| CHIPPEWA VALLEY FREE CLINIC | |||||||
| 030 OAK RIDGE DR | EAU CLAIRE | WI | 54701 | 391840231 | 501(C)(3) | $5,000 | BUSINESS SPONSORSHIP-MEDICATIONS |
| VISIT EAU CLAIRE FOUNDATION (FISCAL SPONSOR) | |||||||
| 128 GRAHAM AVE STE 234 | EAU CLAIRE | WI | 54701 | 831735217 | 501(C)(3) | $5,000 | TOGETHER CHIPPEWA VALLEY-COVID |
| SOJOURNER HOUSE-CATHOLIC CHARITIES | |||||||
| 3710 EAST AVE SOUTH | LA CROSSE | WI | 54601 | 391896823 | 501(C)(3) | $5,000 | HOMELESS SHELTER NEEDS-COVID |
| WESTERN DAIRYLAND EOC | |||||||
| 418 WISCONSIN ST | EAU CLAIRE | WI | 54703 | 391076993 | 501(C)(3) | $5,000 | RENTAL ASSISTANCE, WOMEN'S BUSINESS-COVID |
| FLYING EAGLES SKI CLUB | |||||||
| 805 W MENOMONIE ST | EAU CLAIRE | WI | 54703 | 743187968 | 501(C)(3) | $5,000 | CONCESSION STAND |
| RIVER FALLS COMMUNITY FOOD PANTRY | |||||||
| 705 ST CROIX ST | RIVER FALLS | WI | 54022 | 204740792 | 501(C)(3) | $5,000 | CAPITAL CAMPAIGN |
| GOODWILL OF THE CHIPPEWA VALLEY | |||||||
| 2759 S PRAIRIE VIEW RD | CHIPPEWA FALLS | WI | 54729 | 530196517 | 501(C)(3) | $5,000 | MIRACLE LEAGUE |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART I, LINE 2: | FormAndLineReferenceDesc |
| Explanation | THE CEO/PRESIDENT AND TWO BOARD MEMBERS OF THE CREDIT UNION SERVE ON THE BOARD OF THE FOUNDATION AND MONITOR THE USE OF GRANT FUNDS. | ExplanationTxt |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| 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 (12 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 | $584,173 | $0 | $165,692 | $0 | $11,426 | $0 | $894,126 | $0 | $34,520 | $0 | $1,689,937 | $0 | $0 | $0 |
| JARED JOHNSON | ||||||||||||||
| MORTGAGE LOAN OFFICER | $509,055 | $0 | $88,798 | $0 | $755 | $0 | $29,788 | $0 | $10,549 | $0 | $638,945 | $0 | $0 | $0 |
| JEFFREY SPROUL | ||||||||||||||
| MORTGAGE LOAN OFFICER | $463,532 | $0 | $75,696 | $0 | $690 | $0 | $32,723 | $0 | $1,095 | $0 | $573,736 | $0 | $0 | $0 |
| JON HEHLI | ||||||||||||||
| EVP-CFO | $348,836 | $0 | $139,107 | $0 | $14,718 | $0 | $40,133 | $0 | $29,892 | $0 | $572,686 | $0 | $0 | $0 |
| BARBARA OAS-HOLMES | ||||||||||||||
| MORTGAGE LOAN OFFICER | $384,216 | $0 | $65,820 | $0 | $4,572 | $0 | $36,523 | $0 | $29,955 | $0 | $521,086 | $0 | $0 | $0 |
| JACOB SPIES | ||||||||||||||
| REGIONAL MORTGAGE SALES MA | $310,514 | $0 | $121,363 | $0 | $300 | $0 | $32,063 | $0 | $47,064 | $0 | $511,304 | $0 | $0 | $0 |
| JAN JOHNSON | ||||||||||||||
| EVP-ORGANIZATIONAL AGILITY | $301,463 | $0 | $110,015 | $0 | $1,980 | $0 | $35,025 | $0 | $11,827 | $0 | $460,310 | $0 | $0 | $0 |
| MARK ERICKSON | ||||||||||||||
| MORTGAGE LOAN OFFICER | $366,723 | $0 | $46,259 | $0 | $1,592 | $0 | $31,862 | $0 | $13,220 | $0 | $459,656 | $0 | $0 | $0 |
| MICHAEL DILL | ||||||||||||||
| EVP-CHIEF LENDING OFFICER | $250,320 | $0 | $100,397 | $0 | $2,228 | $0 | $30,398 | $0 | $29,043 | $0 | $412,386 | $0 | $0 | $0 |
| PAMELA HALLER | ||||||||||||||
| EVP-CHIEF DIGITAL EXPERIENCE & MARKE | $216,122 | $0 | $76,714 | $0 | $629 | $0 | $31,315 | $0 | $8,160 | $0 | $332,940 | $0 | $0 | $0 |
| ADAM KINNARD | ||||||||||||||
| EVP-CHIEF TECHNOLOGY OFFIC | $208,103 | $0 | $60,701 | $0 | $450 | $0 | $28,810 | $0 | $19,465 | $0 | $317,529 | $0 | $0 | $0 |
| AMY FORCIER-PABST | ||||||||||||||
| EVP-MEMBER EXPERIENCE | $190,860 | $0 | $57,896 | $0 | $1,106 | $0 | $32,428 | $0 | $31,485 | $0 | $313,775 | $0 | $0 | $0 |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART I, LINE 4B | FormAndLineReferenceDesc |
| Explanation | BRANDON RIECHERS - PARTICIPATED IN 457-F PLAN, NO DISTRIBUTIONS, DEFERRED $861,721 | ExplanationTxt |
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 SERVICE | RelationshipDescriptionTxt |
| Transaction | $246,076 | TransactionAmt |
| Transaction | 2020 ANNUAL MAIL PROCESSING SERVICES | 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, ALONG WITH OUR CORE SYSTEM, 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. QUARTERLY, ALL TEAM MEMBERS RECEIVE NOTIFICATION THEY SHOULD NOT TRANSACT ON ANY ACCOUNTS THAT MAY POSE A POTENTIAL CONFLICT OF INTEREST. ALSO QUARTERLY, WE NOTIFY TEAM MEMBERS THEY MUST REPORT VIOLATIONS OF CODE OF ETHICS, INCLUDING CONFLICT OF INTEREST. |
| FORM 990, PART VI, SECTION B, LINE 15 | ROYAL CREDIT UNION UTILIZED VARIOUS SALARY SURVEYS AND AN OUTSIDE CONSULTANT TO DETERMINE COMPENSATION FOR 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 2019. |
| 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 AND THE CONFLICT OF INTEREST POLICY ARE NOT AVAILABLE TO THE PUBLIC, BUT WOULD BE PROVIDED UPON REQUEST. |
| FORM 990, PART XII, LINE 2C: | THIS PROCESS HAS NOT CHANGED FROM LAST YEAR. |
Schedule R IRS990ScheduleR
Id Disregarded Entities IdDisregardedEntitiesGrp
Disregarded Entity Name DisregardedEntityName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | 317 LLC | BusinessNameLine1Txt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 402 GRAHAM AVE | AddressLine1Txt |
| City | EAU CLAIRE | CityNm |
| State Abbreviation | WI | StateAbbreviationCd |
| ZIP | 54701 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 384119611 | EIN |
| Primary Activities | REAL ESTATE HOLDING COMPANY | PrimaryActivitiesTxt |
| Legal Domicile State | WI | LegalDomicileStateCd |
| Total Income | $47,993 | TotalIncomeAmt |
| End Of Year Assets | $813,960 | EndOfYearAssetsAmt |
Direct Controlling Entity Name DirectControllingEntityName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | ROYAL CREDIT UNION | BusinessNameLine1Txt |
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 | 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 | Yes (1) | 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 | 0 | 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 | $1,341,302 | InvolvedAmt |
| Method Of Amount Determination | FAIR MARKET VALUE | MethodOfAmountDeterminationTxt |
Comments