ROYAL CREDIT UNION: Form 990, tax year 2019

View the entire original 990 at ProPublica ↗

Organization: ROYAL CREDIT UNION (EIN 39-6072970)
Tax period: 2019-01-01 to 2019-12-31
Filed: 2020-11-16
IRS object ID: 202033219349312168
Schema version: 2019v5.1
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
Form 990
Schedule D
Schedule I
Schedule J
Schedule L
Schedule O
Schedule R

Return header ReturnHeader

Field	Value	IRS element (for citing)
Return	2020-11-16T13:28:58-06:00	ReturnTs
Tax Period End	2019-12-31	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	2019-01-01	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	2020-11-13	SignatureDt
Discuss With Paid Preparer	Yes (1)	DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

Field	Value	IRS element (for citing)
Preparer Person	TANYA MEDGAARDEN	PreparerPersonNm
PTIN	P01717240	PTIN
Phone	5074347000	PhoneNum
Preparation	2020-11-13	PreparationDt

Filing Security Information FilingSecurityInformation

IP Address IPAddress

Field	Value	IRS element (for citing)
I Pv4 Address	67.137.57.251	IPv4AddressTxt

Field	Value	IRS element (for citing)
IP	2020-11-13	IPDt
IP Tm	12:25:49	IPTm
IP Timezone	CS	IPTimezoneCd
Filing License Type	P	FilingLicenseTypeCd
At Submission Creation Device Id	DA39A3EE5E6B4B0D3255BFEF95601890AFD80709	AtSubmissionCreationDeviceId
At Submission Filing Device Id	F630F1EEE6B1AF3350F47F5F27B062EA6FC5A2EF	AtSubmissionFilingDeviceId

Field	Value	IRS element (for citing)
Tax	2019	TaxYr
Build TS	2022-01-07 14:23:13Z	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	$153,742,463	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	807	TotalEmployeeCnt
Total Volunteers	676	TotalVolunteersCnt
Total Gross UBI	$166,418	TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm	$0	NetUnrelatedBusTxblIncmAmt
PY Contributions Grants	$0	PYContributionsGrantsAmt
CY Contributions Grants	$0	CYContributionsGrantsAmt
PY Program Service Revenue	$130,621,252	PYProgramServiceRevenueAmt
CY Program Service Revenue	$146,906,492	CYProgramServiceRevenueAmt
PY Investment Income	$1,124,786	PYInvestmentIncomeAmt
CY Investment Income	$6,835,971	CYInvestmentIncomeAmt
PY Other Revenue	$0	PYOtherRevenueAmt
CY Other Revenue	$0	CYOtherRevenueAmt
PY Total Revenue	$131,746,038	PYTotalRevenueAmt
CY Total Revenue	$153,742,463	CYTotalRevenueAmt
PY Grants And Similar Paid	$2,183,495	PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid	$1,453,955	CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members	$18,676,401	PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members	$26,381,727	CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid	$42,809,357	PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid	$49,202,912	CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns	$0	PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns	$0	CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense	$0	CYTotalFundraisingExpenseAmt
PY Other Expenses	$44,697,100	PYOtherExpensesAmt
CY Other Expenses	$50,717,481	CYOtherExpensesAmt
PY Total Expenses	$108,366,353	PYTotalExpensesAmt
CY Total Expenses	$127,756,075	CYTotalExpensesAmt
PY Revenues Less Expenses	$23,379,685	PYRevenuesLessExpensesAmt
CY Revenues Less Expenses	$25,986,388	CYRevenuesLessExpensesAmt
Total Assets BOY	$2,390,524,196	TotalAssetsBOYAmt
Total Assets EOY	$2,837,926,175	TotalAssetsEOYAmt
Total Liabilities BOY	$2,129,936,823	TotalLiabilitiesBOYAmt
Total Liabilities EOY	$2,551,352,414	TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY	$260,587,373	NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY	$286,573,761	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 46,945 LOANS DURING 2019. AS OF 12/31/19, WE HAD 25,776 MORTGAGES/HOME EQUITY, 124,572 CONSUMER LOANS AND 2,981 MEMBER BUSINESS LOANS. WE ALSO HAD 47,755 CREDIT CARD ACCOUNTS WITH OUR MEMBERS AT 12/31/19.	Desc

Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp

Field	Value	IRS element (for citing)
Desc	WE HAVE DEPOSIT, TRANSACTION, AND INVESTMENT ACCOUNTS WITH 223,815 MEMBERS AT 12/31/19. DURING 2019, WE OPENED 64,005 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	63384	IRPDocumentCnt
IRP Document W2 G	0	IRPDocumentW2GCnt
Backup Wthld Compliance	Yes (1)	BackupWthldComplianceInd
Employee	807	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	0	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 (19 entries)

TitleTitleTxt	Average Hours Per WeekAverageHoursPerWeekRt	OfficerOfficerInd	Reportable Comp From OrgReportableCompFromOrgAmt	Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt	Other CompensationOtherCompensationAmt	Highest Compensated EmployeeHighestCompensatedEmployeeInd	Institutional TrusteeInstitutionalTrusteeInd
BRANDON RIECHERS
CEO/PRESIDENT	40.00	Yes (X)	$677,270	$0	$750,138
JON HEHLI
EVP-CFO	40.00	Yes (X)	$409,563	$0	$54,562
JARED JOHNSON
MORTGAGE LOAN OFFICER	40.00		$364,526	$0	$29,802	Yes (X)
JAN JOHNSON
EVP-ORGANIZATIONAL AFILITY	40.00	Yes (X)	$328,911	$0	$42,120
BARBARA OAS-HOLMES
MORTGAGE LOAN OFFICER	40.00		$313,972	$0	$50,864	Yes (X)
JEFFREY SPROUL
MORTGAGE LOAN OFFICER	40.00		$347,266	$0	$15,009	Yes (X)
JACOB SPIES
REGIONAL MORTGAGE SALES MANAGER	40.00		$287,490	$0	$39,924	Yes (X)
MARK ERICKSON
MORTGAGE LOAN OFFICER	40.00		$280,518	$0	$39,940	Yes (X)
MICHAEL DILL
EVP-CHIEF LENDING OFFICER	40.00	Yes (X)	$264,667	$0	$53,406
AMY FORCIER-PABST
EVP-MEMBER EXPERIENCE	40.00	Yes (X)	$238,029	$0	$49,472
ADAM KINNARD
EVP-CHIEF TECHNOLOGY OFFICER	40.00	Yes (X)	$206,819	$0	$40,725
PAMELA HALLER
EVP-CHIEF DIGITAL EXPERIENCE & MARKETING OFFICER	40.00	Yes (X)	$201,980	$0	$23,615
DOUG OLSON
CHAIRPERSON	10.00		$33,076	$0	$0		Yes (X)
THOMAS HUFFCUTT
TREASURER	10.00		$23,968	$0	$0		Yes (X)
JOHN SACKETT
ASSISTANT VICE CHAIRPERSON	10.00		$18,613	$0	$0		Yes (X)
JENNIFER MCDONOUGH
SECRETARY	10.00		$17,748	$0	$0		Yes (X)
STUART SCHAEFER
VICE CHAIRPERSON	10.00		$16,435	$0	$0		Yes (X)
WILLIAM BLACKBURN
ASSISTANT SECRETARY	10.00		$16,435	$0	$0		Yes (X)
NANCY BELTZ
ASSISTANT TREASURER	10.00		$14,255	$0	$0		Yes (X)

Field	Value	IRS element (for citing)
Total Reportable Comp From Org	$4,061,541	TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org	$0	TotReportableCompRltdOrgAmt
Total Other Compensation	$1,189,577	TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K	58	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
INDEPENDENT SETTLEMENT SERVICES LLC
PO BOX 783995	PHILADELPHIA	PA	19178	APPRAISAL AND TITLE MANAGEMENT SERVICES	$1,060,660
WELD RILEY S C
3624 OAKWOOD HILLS PARKWAY	EAU CLAIRE	WI	54702	LEGAL COUNCIL	$312,441
THILLENS INC
4242 N ELSTON AVENUE	CHICAGO	IL	60618	ATM CASH PROVIDER	$275,925
RUDER WARE LLSC
402 GRAHAM AVE 6	EAU CLAIRE	WI	54701	LEGAL COUNCIL	$274,569
HIGH MONKEY CONSULTING
1121NE JACKSON ST STE 121	MINNEAPOLIS	MN	55413	WEB DESIGN	$260,497

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	$108,590,408	$108,590,408
OTHER OPERATING INCOME	522100	$23,557,659	$23,557,659
SERVICE CHARGES & FEE INCOME	522100	$14,758,425	$14,592,007	$166,418

Field	Value	IRS element (for citing)
Total Program Service Revenue	$146,906,492	TotalProgramServiceRevenueAmt

Investment Income InvestmentIncomeGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$6,000,281	TotalRevenueColumnAmt
Exclusion	$6,000,281	ExclusionAmt

Gross Amount Sales Assets GrossAmountSalesAssetsGrp

Field	Value	IRS element (for citing)
Other	$835,690	OtherAmt

Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp

Field	Value	IRS element (for citing)
Other	$0	OtherAmt

Gain Or Loss GainOrLossGrp

Field	Value	IRS element (for citing)
Other	$835,690	OtherAmt

Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$835,690	TotalRevenueColumnAmt
Exclusion	$835,690	ExclusionAmt

Total Revenue TotalRevenueGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$153,742,463	TotalRevenueColumnAmt
Related Or Exempt Func Income	$146,740,074	RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue	$166,418	UnrelatedBusinessRevenueAmt
Exclusion	$6,835,971	ExclusionAmt

Grants To Domestic Orgs GrantsToDomesticOrgsGrp

Field	Value	IRS element (for citing)
Total	$1,453,955	TotalAmt

Benefits To Members BenefitsToMembersGrp

Field	Value	IRS element (for citing)
Total	$26,381,727	TotalAmt

Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp

Field	Value	IRS element (for citing)
Total	$3,481,807	TotalAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

Field	Value	IRS element (for citing)
Total	$35,122,265	TotalAmt

Pension Plan Contributions PensionPlanContributionsGrp

Field	Value	IRS element (for citing)
Total	$1,599,809	TotalAmt

Other Employee Benefits OtherEmployeeBenefitsGrp

Field	Value	IRS element (for citing)
Total	$5,946,907	TotalAmt

Payroll Taxes PayrollTaxesGrp

Field	Value	IRS element (for citing)
Total	$3,052,124	TotalAmt

Fees For Services Other FeesForServicesOtherGrp

Field	Value	IRS element (for citing)
Total	$681,136	TotalAmt

Advertising AdvertisingGrp

Field	Value	IRS element (for citing)
Total	$3,600,598	TotalAmt

Office Expenses OfficeExpensesGrp

Field	Value	IRS element (for citing)
Total	$13,238,132	TotalAmt

Occupancy OccupancyGrp

Field	Value	IRS element (for citing)
Total	$3,138,837	TotalAmt

Conferences Meetings ConferencesMeetingsGrp

Field	Value	IRS element (for citing)
Total	$369,854	TotalAmt

Interest InterestGrp

Field	Value	IRS element (for citing)
Total	$1,645	TotalAmt

Depreciation Depletion DepreciationDepletionGrp

Field	Value	IRS element (for citing)
Total	$2,953,873	TotalAmt

Other Expenses OtherExpensesGrp (4 entries)

DescDesc	TotalTotalAmt
PROVISION FOR LOAN LOSS	$14,672,146
LOAN SERVICING	$8,933,186
MISCELLANEOUS OPERATING	$2,936,832
OPERATING FEES	$191,242

Total Functional Expenses TotalFunctionalExpensesGrp

Field	Value	IRS element (for citing)
Total	$127,756,075	TotalAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

Field	Value	IRS element (for citing)
BOY	$68,749,109	BOYAmt
EOY	$165,368,614	EOYAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

Field	Value	IRS element (for citing)
BOY	$8,106,338	BOYAmt
EOY	$3,378,000	EOYAmt

Accounts Receivable AccountsReceivableGrp

Field	Value	IRS element (for citing)
BOY	$23,586,170	BOYAmt
EOY	$31,194,453	EOYAmt

Oth Notes Loans Receivable Net OthNotesLoansReceivableNetGrp

Field	Value	IRS element (for citing)
BOY	$2,137,886,211	BOYAmt
EOY	$2,488,243,632	EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

Field	Value	IRS element (for citing)
BOY	$3,065,015	BOYAmt
EOY	$2,671,611	EOYAmt

Field	Value	IRS element (for citing)
Land Bldg Equip Cost Or Other Bss	$86,379,439	LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec	$47,710,679	LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

Field	Value	IRS element (for citing)
BOY	$37,248,365	BOYAmt
EOY	$38,668,760	EOYAmt

Investments Other Securities InvestmentsOtherSecuritiesGrp

Field	Value	IRS element (for citing)
BOY	$21,934,770	BOYAmt
EOY	$13,009,531	EOYAmt

Investments Program Related InvestmentsProgramRelatedGrp

Field	Value	IRS element (for citing)
BOY	$29,144,597	BOYAmt
EOY	$31,039,419	EOYAmt

Intangible Assets IntangibleAssetsGrp

Field	Value	IRS element (for citing)
BOY	$11,774,510	BOYAmt
EOY	$11,312,570	EOYAmt

Other Assets Total OtherAssetsTotalGrp

Field	Value	IRS element (for citing)
BOY	$49,029,111	BOYAmt
EOY	$53,039,585	EOYAmt

Total Assets TotalAssetsGrp

Field	Value	IRS element (for citing)
BOY	$2,390,524,196	BOYAmt
EOY	$2,837,926,175	EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

Field	Value	IRS element (for citing)
BOY	$45,086,228	BOYAmt
EOY	$50,839,122	EOYAmt

Other Liabilities OtherLiabilitiesGrp

Field	Value	IRS element (for citing)
BOY	$2,084,850,595	BOYAmt
EOY	$2,500,513,292	EOYAmt

Total Liabilities TotalLiabilitiesGrp

Field	Value	IRS element (for citing)
BOY	$2,129,936,823	BOYAmt
EOY	$2,551,352,414	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	$260,587,373	BOYAmt
EOY	$286,573,761	EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

Field	Value	IRS element (for citing)
BOY	$260,587,373	BOYAmt
EOY	$286,573,761	EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

Field	Value	IRS element (for citing)
BOY	$2,390,524,196	BOYAmt
EOY	$2,837,926,175	EOYAmt

Field	Value	IRS element (for citing)
Reconcilation Revenue Expnss	$25,986,388	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	$10,271,191	OtherCostOrOtherBasisAmt
Book Value	$10,271,191	BookValueAmt

Buildings BuildingsGrp

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	$40,516,002	OtherCostOrOtherBasisAmt
Depreciation	$17,089,242	DepreciationAmt
Book Value	$23,426,760	BookValueAmt

Leasehold Improvements LeaseholdImprovementsGrp

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	$1,221,384	OtherCostOrOtherBasisAmt
Depreciation	$964,260	DepreciationAmt
Book Value	$257,124	BookValueAmt

Equipment EquipmentGrp

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	$34,370,862	OtherCostOrOtherBasisAmt
Depreciation	$29,657,177	DepreciationAmt
Book Value	$4,713,685	BookValueAmt

Field	Value	IRS element (for citing)
Total Book Value Land Buildings	$38,668,760	TotalBookValueLandBuildingsAmt

Other Liabilities Org OtherLiabilitiesOrgGrp

Field	Value	IRS element (for citing)
Desc	MEMBERS' SHARES	Desc
Amt	$2,500,513,292	Amt

Field	Value	IRS element (for citing)
Total Liability	$2,500,513,292	TotalLiabilityAmt
Footnote Text	Yes (X)	FootnoteTextInd
Total Rev Etc Audited Fincl Stmt	$151,732,052	TotalRevEtcAuditedFinclStmtAmt
Revenue Not Reported	$0	RevenueNotReportedAmt
Revenue Subtotal	$151,732,052	RevenueSubtotalAmt
Other Revenues Not Included	$2,010,411	OtherRevenuesNotIncludedAmt
Revenue Not Reported Fincl Stmt	$2,010,411	RevenueNotReportedFinclStmtAmt
Total Revenue Per Form990	$153,742,463	TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt	$125,745,666	TotExpnsEtcAuditedFinclStmtAmt
Other Expenses Included	$2	OtherExpensesIncludedAmt
Expenses Not Reported	$2	ExpensesNotReportedAmt
Expenses Subtotal	$125,745,664	ExpensesSubtotalAmt
Other Expenses Not Included	$2,010,411	OtherExpensesNotIncludedAmt
Expenses Not Rpt Fincl Stmt	$2,010,411	ExpensesNotRptFinclStmtAmt
Total Expenses Per Form990	$127,756,075	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 2,010,411.
PART XII, LINE 2D - OTHER ADJUSTMENTS:	ROUNDING 2.
PART XII, LINE 4B - OTHER ADJUSTMENTS:	EXPENSES INCLUDED IN REVENUE 2,010,411.

Schedule I IRS990ScheduleI

Field	Value	IRS element (for citing)
Grant Records Maintained	Yes (1)	GrantRecordsMaintainedInd

Recipient Table RecipientTable (6 entries)

Address Line1USAddress/AddressLine1Txt	CityUSAddress/CityNm	State AbbreviationUSAddress/StateAbbreviationCd	ZIPUSAddress/ZIPCd	Recipient EINRecipientEIN	IRC SectionIRCSectionDesc	Cash GrantCashGrantAmt	Purpose Of GrantPurposeOfGrantTxt
ROYAL CREDIT UNION FOUNDATION
200 RIVERFRONT TERRACE	EAU CLAIRE	WI	54703	461588898	501(C)(3)	$1,267,590	ANNUAL DONATION
UNITED WAY OF GREATER CHIPPEWA VALLEY
3603 N HASTINGS WAY STE 200	EAU CLAIRE	WI	54703	391077901	501(C)(3)	$9,500	ANNUAL SUPPORT/GIFT
UW-EAU CLAIRE FOUNDATION INC
105 GARFIELD AVE	EAU CLAIRE	WI	54701	390972350	501(C)(3)	$7,500	CARSON PARK TURF
MARSHFIELD CLINIC HEALTH SYSTEM
1000 N OAK AVE	MARSHFIELD	WI	54449	812822823	501(C)(3)	$10,000	CANCER CENTER EAU CLAIRE
UW-EAU CLAIRE FOUNDATION INC
105 GARFIELD AVE	EAU CLAIRE	WI	54701	390972350	501(C)(3)	$7,500	LOCAL BLUGOLD SCHOLARSHIP
NATIONAL CREDIT UNION FOUNDATION
5710 MINERAL POINT ROAD	MADISON	WI	53705	391383650	501(C)(3)	$5,500	CORPORATE SPONSORSHIP

Field	Value	IRS element (for citing)
Total501c3 Org	6	Total501c3OrgCnt

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	$541,134	$0	$126,447	$0	$9,689	$0	$729,343	$0	$20,795	$0	$1,427,408	$0	$0	$0
JON HEHLI
EVP-CFO	$328,212	$0	$71,608	$0	$9,743	$0	$38,965	$0	$15,597	$0	$464,125	$0	$0	$0
JARED JOHNSON
MORTGAGE LOAN OFFICER	$314,184	$0	$49,449	$0	$893	$0	$28,911	$0	$891	$0	$394,328	$0	$0	$0
JAN JOHNSON
EVP-ORGANIZATIONAL AFILITY	$267,282	$0	$58,904	$0	$2,725	$0	$33,701	$0	$8,419	$0	$371,031	$0	$0	$0
BARBARA OAS-HOLMES
MORTGAGE LOAN OFFICER	$271,696	$0	$39,396	$0	$2,880	$0	$35,267	$0	$15,597	$0	$364,836	$0	$0	$0
JEFFREY SPROUL
MORTGAGE LOAN OFFICER	$301,288	$0	$45,253	$0	$725	$0	$14,118	$0	$891	$0	$362,275	$0	$0	$0
JACOB SPIES
REGIONAL MORTGAGE SALES MANAGER	$224,952	$0	$62,275	$0	$263	$0	$19,133	$0	$20,791	$0	$327,414	$0	$0	$0
MARK ERICKSON
MORTGAGE LOAN OFFICER	$252,251	$0	$26,473	$0	$1,794	$0	$31,422	$0	$8,518	$0	$320,458	$0	$0	$0
MICHAEL DILL
EVP-CHIEF LENDING OFFICER	$240,615	$0	$22,041	$0	$2,011	$0	$31,671	$0	$21,735	$0	$318,073	$0	$0	$0
AMY FORCIER-PABST
EVP-MEMBER EXPERIENCE	$203,022	$0	$31,628	$0	$3,379	$0	$28,677	$0	$20,795	$0	$287,501	$0	$0	$0
ADAM KINNARD
EVP-CHIEF TECHNOLOGY OFFICER	$182,094	$0	$23,927	$0	$798	$0	$26,877	$0	$13,848	$0	$247,544	$0	$0	$0
PAMELA HALLER
EVP-CHIEF DIGITAL EXPERIENCE & MARKE	$187,837	$0	$13,893	$0	$250	$0	$23,004	$0	$611	$0	$225,595	$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 $696,343	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	$178,475	TransactionAmt
Transaction	2019 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 2018.
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	$18,331	TotalIncomeAmt
End Of Year Assets	$831,380	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	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	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	$1,267,590	InvolvedAmt
Method Of Amount Determination	FAIR MARKET VALUE	MethodOfAmountDeterminationTxt