2015-08-13T20:41:22-05:00 2014-12-31 391127312 WCUL Services Corp N25W23131 Paul Rd Suite 500 Pewaukee WI 53072 990 2014-01-01 396072970 Royal Credit Union ROYA PO BOX 970 Eau Claire WI 54702 Jon Hehli Chief Financial 7158338111 2015-08-10 false Cari Thompson P01025704 2625490200 2015-08-13 2014 2016-02-25 16:41:14Z Rudy Pereira 86948358 false X www.rcu.org X 1964 WI To create a positive impact in the lives we touch. 7 7 679 591 229582 0 0 97674343 85839222 2222967 651613 0 99897310 86490835 0 0 30093061 29569951 0 0 39197820 40513843 69290881 70083794 30606429 16407041 1392362366 1543001886 1236658384 1370487521 155703982 172514365 To create a positive impact in the lives we touch. false false We funded 28,319 loans during 2014. As of 12/31/14, we had 22,701 mortgages/home equity, 77,298 consumer loans and 1,830 member business loans. We also had 43,611 credit card accounts with our members at 12/31. We have deposit, transaction, and investment accounts with 158,991 members at 12/31/14. During 2014, we opened 36,512 new deposit, transaction and investment accounts. false false false false false false false false true false false false true false true true false false false false false false false false false false false true false false false false false false false false false false false true false false false true 79293 0 true 679 true true true false false false false false X 7 7 false false false false true true true true true false false false true true true true true true true false X Jon Hehli 7158338111 PO BOX 970 Eau Claire WI 54702 Stuart Schafer Director 10.00 0.00 X 11950 0 0 Nancy Beltz Director 10.00 0.00 X 11150 0 0 William Blackburn Vice Chair 10.00 0.00 X X 13650 80782 0 John Sackett Treasurer 10.00 0.00 X X 15600 0 0 Jennifer McDonough Secretary 10.00 0.00 X X 20450 0 0 Doug Olson Chair 10.00 0.00 X X 25900 0 0 Thomas Huffcutt Director 10.00 0.00 X 11550 0 0 Jon Hehli EVP-CFO 40.00 0.00 X 253018 0 22898 Brandon Riechers EVP-CLO 40.00 0.00 X 192592 0 11055 Randy Beck EVP-Corporate Risk Management 40.00 0.00 X 166846 0 17535 Rachel Risberg Former EVP-Member Experience 40.00 0.00 X 383438 0 8242 Rudy Pereira CEOPresident 40.00 0.00 X 1029882 0 29193 Jan Johnson EVP-Organizational Agility 40.00 0.00 X 179183 0 13573 Amy Forcier-Pabst EVP-Member Experience 40.00 0.00 X 93595 0 18728 Peter Nohelty EVP - Chief Technology Office 40.00 0.00 X 135915 0 17735 Lisa Stelter Graf Mortgage Loan Officer 40.00 0.00 X 197567 0 11639 Gina Gladwell Mortgage Loan Officer 40.00 0.00 X 162954 0 14005 Daniel Anderson Financial consultant 40.00 0.00 X 250450 0 12877 Glenn Kennison VP - Credit Risk Management 40.00 0.00 X 147949 0 13276 Matthew Gerber VP - Mortgage Loan Sales 40.00 0.00 X 154749 0 23598 Mark Willer Former SVP - Small Business S 0.00 0.00 X 84562 0 0 3542950 80782 214354 12 true true true Pusateri Properties LLP 5850 Opus Parkway Ste 108 Hopkins MN 55343 Lease 207164 Weld Riley Prenn Ricci SC PO BOX 1030 Eau Claire WI 547021030 Attorneys 421813 Anastasi Jellum 14985 60th Street N Stillwater MN 55082 Attorneys 158713 Cornerstone Advisors LLC 7272 E Indian School Rd Scottsdale AZ 85251 Consulting 597525 Ruder Ware LLSC PO BOX 8050 Wausau WI 544028050 Attorneys 126201 5 Interest on Loans 522100 57766460 57766460 Member AccountCard Fee 522100 18215732 18215732 Other Member Fee Income 522100 9627448 9627448 Non-Member ATM Fees 518210 225265 225265 Non-Mbr Chk Cashing Fee 522100 4317 4317 85839222 1105141 1105141 3995 457523 -453528 -453528 -453528 86490835 85609640 229582 651613 3458389 18725115 1546634 3991996 1847817 1200527 322533 166000 2890745 2338358 4672710 2485054 263846 694327 377 205675 3338738 298208 Dividends on Shares 5867233 5867233 Loan Servicing 2507893 2507893 Member Account Card Costs 8409233 8409233 Provision for Loan Loss 4008644 4008644 843742 70083794 0 0 0 100463127 24676067 32477640 38094684 2856877 6205606 1151897680 1361733933 3407364 3947418 77848192 39044106 39567587 38804086 700 11002368 22228906 23212764 9868847 9456560 29593638 25868400 1392362366 1543001886 21669824 15938973 1214988560 1354548548 1236658384 1370487521 X 155703982 172514365 155703982 172514365 1392362366 1543001886 X 16407041 403342 X false true X true false 8454295 8454295 39340125 12415991 26924134 946224 723257 222967 6868835 5955691 913144 22238713 19949167 2289546 38804086 Government Securites 11002368 C 11002368 NCUA Capitalization 11889815 C Corporate Central CU 7868286 C CUSO Investments 366763 C FHLB Stock 3087900 C 23212764 Member SharesCertificates 1346909594 Deferred Revenue 968926 Escrow Accounts 6553609 Accrued Dividends 116419 1354548548 86948359 457524 457524 86490835 86490835 70541319 457525 457525 70083794 70083794 Other revenues not included on Form 990 (Part XI, line 2d) Classification difference between internal statments and audited financials statements and rounding differences. Other expenses not included on Form 990 (Part XII, line 2d) Classification difference between internal statments and audited financials statements and rounding differences. X X X X true true false William Blackburn Vice Chair 13650 80782 13650 80782 Jon Hehli EVP-CFO 180104 17442 55472 10410 12488 275916 Brandon Riechers EVP-CLO 172292 17027 3273 9478 1577 203647 Randy Beck EVP-Corporate Risk Management 152019 14827 5276 12259 184381 Rachel Risberg Former EVP-Member Experience 127409 17007 239022 7234 1008 391680 Rudy Pereira CEOPresident 476313 60895 492674 13000 16193 1059075 Jan Johnson EVP-Organizational Agility 164530 14653 7180 6393 192756 Lisa Stelter Graf Mortgage Loan Officer 177306 20261 9887 1752 209206 Gina Gladwell Mortgage Loan Officer 162744 210 7927 6078 176959 Daniel Anderson Financial consultant 250440 10 6169 6708 263327 Mark Willer Former SVP - Small Business Service 84562 84562 Peter Nohelty EVP - Chief Technology Officer 135905 10 3654 14081 153650 Glenn Kennison VP - Credit Risk Management 135938 12011 6761 6515 161225 Matthew Gerber VP - Mortgage Loan Sales 154739 10 7405 16193 178347 Members or stockholder classes and rights Part VI 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). Member election for additional members Part VI line 7a The Board of Directors is elected by the membership utilizing their one vote per member Governing body decisions Part VI 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 governing body review Part VI line 11 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. Conflict of interest policy compliance Part VI line 12c The conflict of interest 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. CEO executive director top management comp Part VI line 15a Royal Credit Union utilized various salary surveys and an outside consultant to determine compensation for CEO, top management, and key employees. Other officer or key employee compensation Part VI line 15b Royal Credit Union utilized various salary surveys and an outside consultant to determine compensation for CEO, top management, and key employees. Governing documents etc available to public Part VI line 19 Royal Credit Union's monthly 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 is not available to the public but would be provided upon request. Explanation of other changes in net assets or fund balances Part XI line 9 Equity Acquired in Merger RCU Foundation Inc 200 Riverfront TErrace Eau Claire WI 54703 461588898 Benefit the communities Royal Credit Union serves WI 501c3 PF N/A false true false false false false false false false false false true false true true false true false false