ROYAL CREDIT UNION: Form 990, tax year 2013
View the entire original 990 at ProPublica ↗
- Organization
- ROYAL CREDIT UNION (EIN 39-6072970)
- Tax period
- 2013-01-01 to 2013-12-31
- Filed
- 2014-11-04
- IRS object ID
- 201423169349305267
- Schema version
- 2013v3.1
- 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 | 2014-11-04T17:58:49-06:00 | ReturnTs |
| Tax Period End | 2013-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 391127312 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | WCUL Services Corp | BusinessNameLine1 |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | N25W23131 Paul Rd Suite 500 | AddressLine1 |
| City | Pewaukee | City |
| State | WI | State |
| ZIP Code | 53072 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2013-01-01 | 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 | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | ROYA | BusinessNameControlTxt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 970 | AddressLine1 |
| City | Eau Claire | City |
| State | WI | State |
| ZIP Code | 54702 | ZIPCode |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | Jon Hehli | PersonNm |
| Person Title | Chief Financial | PersonTitleTxt |
| Phone | 7158338111 | PhoneNum |
| Signature | 2014-11-04 | SignatureDt |
| Discuss With Paid Preparer | false | DiscussWithPaidPreparerInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | Cari Thompson | PreparerPersonNm |
| PTIN | P01025704 | PTIN |
| Phone | 2625490200 | PhoneNum |
| Preparation | 2014-11-04 | PreparationDt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2013 | TaxYr |
| Build TS | 2015-11-30 17:44:51Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | Rudy Pereira | PrincipalOfficerNm |
| Gross Receipts | $103,456,909 | GrossReceiptsAmt |
| Group Return For Affiliates | false | GroupReturnForAffiliatesInd |
| Organization501c | Yes (X) | Organization501cInd |
| Website Address | www.rcu.org | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| 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 | 659 | TotalEmployeeCnt |
| Total Volunteers | 677 | TotalVolunteersCnt |
| Total Gross UBI | $117,599 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | $0 | NetUnrelatedBusTxblIncmAmt |
| CY Contributions Grants | $0 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $97,455,976 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $97,674,343 | CYProgramServiceRevenueAmt |
| PY Investment Income | $586,215 | PYInvestmentIncomeAmt |
| CY Investment Income | $2,222,967 | CYInvestmentIncomeAmt |
| CY Other Revenue | $0 | CYOtherRevenueAmt |
| PY Total Revenue | $98,042,191 | PYTotalRevenueAmt |
| CY Total Revenue | $99,897,310 | CYTotalRevenueAmt |
| CY Grants And Similar Paid | $0 | CYGrantsAndSimilarPaidAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $31,333,096 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $30,093,061 | CYSalariesCompEmpBnftPaidAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $0 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $50,254,032 | PYOtherExpensesAmt |
| CY Other Expenses | $39,197,820 | CYOtherExpensesAmt |
| PY Total Expenses | $81,587,128 | PYTotalExpensesAmt |
| CY Total Expenses | $69,290,881 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | $16,455,063 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | $30,606,429 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $1,295,129,210 | TotalAssetsBOYAmt |
| Total Assets EOY | $1,392,362,366 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $1,170,031,657 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $1,236,658,384 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $125,097,553 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $155,703,982 | NetAssetsOrFundBalancesEOYAmt |
| Mission | To create a positive impact in the lives we touch. | MissionDesc |
| Significant New Program Srvc | false | SignificantNewProgramSrvcInd |
| Significant Change | false | SignificantChangeInd |
| Desc | We have deposit, transaction, and investment accounts with 151,469 members at 12/31/13. During 2013, we opened 33,408 new deposit, transaction and investment accounts. | Desc |
Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | We funded 28,716 loans during 2013. As of 12/31/13, we had 22,502 mortgages/home equity, 71,894 consumer loans and 1,575 member business loans. We also had 38,778 credit card accounts with our members at 12/31. | Desc |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Described In Section501c3 | false | DescribedInSection501c3Ind |
| Schedule B Required | false | ScheduleBRequiredInd |
| Political Campaign Acty | false | PoliticalCampaignActyInd |
| Donor Advised Fund | false | DonorAdvisedFundInd |
| Conservation Easements | false | ConservationEasementsInd |
| Collections Of Art | false | CollectionsOfArtInd |
| Credit Counseling | false | CreditCounselingInd |
| Temp Or Permanent Endowments | false | TempOrPermanentEndowmentsInd |
| Report Land Building Equipment | Yes (true) | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | false | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | false | ReportProgramRelatedInvstInd |
| Report Other Assets | false | ReportOtherAssetsInd |
| Report Other Liabilities | Yes (true) | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | false | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | Yes (true) | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | Yes (true) | ConsolidatedAuditFinclStmtInd |
| School Operating | false | SchoolOperatingInd |
| Foreign Office | false | ForeignOfficeInd |
| Foreign Activities | false | ForeignActivitiesInd |
| More Than5000 K To Org | false | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | false | MoreThan5000KToIndividualsInd |
| Professional Fundraising | false | ProfessionalFundraisingInd |
| Fundraising Activities | false | FundraisingActivitiesInd |
| Gaming Activities | false | GamingActivitiesInd |
| Operate Hospital | false | OperateHospitalInd |
| Grants To Organizations | false | GrantsToOrganizationsInd |
| Grants To Individuals | false | GrantsToIndividualsInd |
| Schedule J Required | Yes (true) | ScheduleJRequiredInd |
| Tax Exempt Bonds | false | TaxExemptBondsInd |
| Loan Outstanding | false | LoanOutstandingInd |
| Grant To Related Person | false | GrantToRelatedPersonInd |
| Business Rln With Org Mem | false | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | false | BusinessRlnWithFamMemInd |
| Business Rln With Officer Ent | false | BusinessRlnWithOfficerEntInd |
| Deductible Non Cash Contri | false | DeductibleNonCashContriInd |
| Deductible Art Contribution | false | DeductibleArtContributionInd |
| Terminate Operations | false | TerminateOperationsInd |
| Partial Liquidation | false | PartialLiquidationInd |
| Disregarded Entity | false | DisregardedEntityInd |
| Related Entity | false | RelatedEntityInd |
| Related Organization Ctrl Ent | false | RelatedOrganizationCtrlEntInd |
| Transaction With Control Ent | false | TransactionWithControlEntInd |
| Activities Conducted Prtshp | false | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (true) | ScheduleORequiredInd |
| Info In Schedule O Part V | Yes (X) | InfoInScheduleOPartVInd |
| IRP Document | 20006 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Backup Wthld Compliance | Yes (true) | BackupWthldComplianceInd |
| Employee | 659 | EmployeeCnt |
| Employment Tax Returns Filed | Yes (true) | EmploymentTaxReturnsFiledInd |
| Unrelated Bus Incm Over Limit | Yes (true) | UnrelatedBusIncmOverLimitInd |
| Form990 T Filed | false | Form990TFiledInd |
| Foreign Financial Account | false | ForeignFinancialAccountInd |
| Prohibited Tax Shelter Trans | false | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | false | TaxablePartyNotificationInd |
| Nondeductible Contributions | false | NondeductibleContributionsInd |
| Indoor Tanning Services | false | IndoorTanningServicesInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 7 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 7 | IndependentVotingMemberCnt |
| Family Or Business Rln | false | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | false | DelegationOfMgmtDutiesInd |
| Change To Org Documents | false | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | false | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | Yes (true) | MembersOrStockholdersInd |
| Election Of Board Members | Yes (true) | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | Yes (true) | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (true) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | Yes (true) | MinutesOfCommitteesInd |
| Officer Mailing Address | false | OfficerMailingAddressInd |
| Local Chapters | false | LocalChaptersInd |
| Form990 Provided To Gvrn Body | false | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (true) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (true) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (true) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | Yes (true) | WhistleblowerPolicyInd |
| Document Retention Policy | Yes (true) | DocumentRetentionPolicyInd |
| Compensation Process CEO | Yes (true) | CompensationProcessCEOInd |
| Compensation Process Other | Yes (true) | CompensationProcessOtherInd |
| Investment In Joint Venture | false | InvestmentInJointVentureInd |
| 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 | AddressLine1 |
| City | Eau Claire | City |
| State | WI | State |
| ZIP Code | 54702 | ZIPCode |
Form990 Part VII Section A Form990PartVIISectionAGrp (18 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Average Hours Per Week Rltd OrgAverageHoursPerWeekRltdOrgRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | OfficerOfficerInd | Key EmployeeKeyEmployeeInd | Former Ofcr Director TrusteeFormerOfcrDirectorTrusteeInd |
|---|---|---|---|---|---|---|---|---|---|
| Stuart Schafer | |||||||||
| Director | 10.00 | 0.00 | Yes (X) | $10,600 | $500 | $0 | |||
| Nancy Beltz | |||||||||
| Director | 10.00 | 0.00 | Yes (X) | $10,600 | $0 | $0 | |||
| William Blackburn | |||||||||
| Vice Chair | 10.00 | 0.00 | Yes (X) | $12,200 | $126,542 | $0 | Yes (X) | ||
| John Sackett | |||||||||
| Treasurer | 10.00 | 0.00 | Yes (X) | $19,400 | $0 | $0 | Yes (X) | ||
| Jennifer McDonough | |||||||||
| Secretary | 10.00 | 0.00 | Yes (X) | $14,800 | $0 | $0 | Yes (X) | ||
| Tom Gillett | |||||||||
| Director | 10.00 | 0.00 | Yes (X) | $0 | $0 | $0 | Yes (X) | ||
| Doug Olson | |||||||||
| Chair | 10.00 | 0.00 | Yes (X) | $26,200 | $0 | $0 | Yes (X) | ||
| Thomas Huffcutt | |||||||||
| Director | 10.00 | 0.00 | Yes (X) | $9,717 | $0 | $0 | |||
| Jon Hehli | |||||||||
| EVP-CFO | 40.00 | 0.00 | $243,732 | $0 | $20,264 | Yes (X) | |||
| Brandon Riechers | |||||||||
| EVP-CLO | 40.00 | 0.00 | $169,839 | $0 | $10,066 | Yes (X) | |||
| Randy Beck | |||||||||
| EVP-Corporate Risk Management | 40.00 | 0.00 | $150,006 | $0 | $16,392 | Yes (X) | |||
| Rachel Risberg | |||||||||
| EVP-Member Experience | 40.00 | 0.00 | $220,158 | $0 | $11,255 | Yes (X) | |||
| Rudy Pereira | |||||||||
| CEOPresident | 40.00 | 0.00 | $919,781 | $0 | $32,878 | Yes (X) | |||
| Jan Johnson | |||||||||
| EVP-Organizational Agility | 40.00 | 0.00 | $139,354 | $0 | $10,055 | Yes (X) | |||
| Lisa Stelter Graf | |||||||||
| Mortgage Loan Officer | 40.00 | 0.00 | $285,368 | $0 | $16,214 | Yes (X) | |||
| Barbara Oas-Holmes | |||||||||
| Mortgage Loan Officer | 0.00 | 0.00 | $163,683 | $0 | $20,739 | Yes (X) | |||
| Daniel Anderson | |||||||||
| Financial consultant | 40.00 | 0.00 | $234,341 | $0 | $12,929 | Yes (X) | |||
| Mark Willer | |||||||||
| Former SVP-Business Services | 40.00 | 0.00 | $444,146 | $0 | $18,707 | Yes (X) | |||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $3,073,925 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $127,042 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $169,499 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 10 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | Yes (true) | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | Yes (true) | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | false | CompensationFromOtherSrcsInd |
Contractor Compensation ContractorCompensationGrp (5 entries)
| Address Line1ContractorAddress/USAddress/AddressLine1 | CityContractorAddress/USAddress/City | StateContractorAddress/USAddress/State | ZIP CodeContractorAddress/USAddress/ZIPCode | ServicesServicesDesc | CompensationCompensationAmt |
|---|---|---|---|---|---|
| Pusateri Properties LLP | |||||
| 5850 Opus Parkway Ste 108 | Hopkins | MN | 55343 | Lease | $408,171 |
| Weld Riley Prenn Ricci SC | |||||
| PO BOX 1030 | Eau Claire | WI | 547021030 | Attorneys | $822,465 |
| Anastasi Jellum | |||||
| 14985 60th Street N | Stillwater | MN | 55082 | Attorneys | $207,013 |
| Avtex Solutions LLC | |||||
| 3500 American Blvd W Ste 300 | Minneapolis | MN | 55431 | Phone System | $162,856 |
| Ruder Ware LLSC | |||||
| PO BOX 8050 | Wausau | WI | 544028050 | Attorneys | $156,358 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 7 | CntrctRcvdGreaterThan100KCnt |
Program Service Revenue ProgramServiceRevenueGrp (5 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt | Unrelated Business RevenueUnrelatedBusinessRevenueAmt |
|---|---|---|---|---|
| Interest on Loans | 522100 | $57,214,024 | $57,214,024 | |
| Member AccountCard Fee | 522100 | $17,820,258 | $17,820,258 | |
| Other Member Fee Income | 522100 | $22,522,462 | $22,522,462 | |
| Non-Member ATM Fees | 518210 | $112,029 | $112,029 | |
| Non-Mbr Chk Cashing Fee | 522100 | $5,570 | $5,570 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $97,674,343 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $1,688,944 | TotalRevenueColumnAmt |
| Exclusion | $1,688,944 | ExclusionAmt |
Gross Amount Sales Assets GrossAmountSalesAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other | $4,093,622 | OtherAmt |
Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other | $3,559,599 | OtherAmt |
Gain Or Loss GainOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other | $534,023 | OtherAmt |
Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $534,023 | TotalRevenueColumnAmt |
| Exclusion | $534,023 | ExclusionAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $99,897,310 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $97,556,744 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $117,599 | UnrelatedBusinessRevenueAmt |
| Exclusion | $2,222,967 | ExclusionAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $3,073,945 | TotalAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $19,502,089 | TotalAmt |
Pension Plan Contributions PensionPlanContributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,655,895 | TotalAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $3,941,314 | TotalAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,919,818 | TotalAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,193,753 | TotalAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $134,031 | TotalAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $276,872 | TotalAmt |
Advertising AdvertisingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,342,921 | TotalAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,230,212 | TotalAmt |
Information Technology InformationTechnologyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $4,578,220 | TotalAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,470,913 | TotalAmt |
Travel TravelGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $243,962 | TotalAmt |
Conferences Meetings ConferencesMeetingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $698,191 | TotalAmt |
Interest InterestGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $17 | TotalAmt |
Payments To Affiliates PaymentsToAffiliatesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $196,437 | TotalAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $3,413,070 | TotalAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $305,424 | TotalAmt |
Other Expenses OtherExpensesGrp (4 entries)
| DescDesc | TotalTotalAmt | Management And GeneralManagementAndGeneralAmt |
|---|---|---|
| Dividends on Shares | $5,067,061 | $5,067,061 |
| Loan ServicingProvision Los | $7,230,506 | $7,230,506 |
| Member Account Card Costs | $7,276,411 | $7,276,411 |
| NCUA Stabilization | $874,403 | $874,403 |
All Other Expenses AllOtherExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $665,416 | TotalAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $69,290,881 | TotalAmt |
| Program Services | $0 | ProgramServicesAmt |
| Management And General | $0 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $64,700,691 | BOYAmt |
| EOY | $100,463,127 | EOYAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $13,769,111 | BOYAmt |
| EOY | $32,477,640 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $14,816,069 | BOYAmt |
| EOY | $2,856,877 | EOYAmt |
Oth Notes Loans Receivable Net OthNotesLoansReceivableNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,099,892,380 | BOYAmt |
| EOY | $1,151,897,680 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,612,290 | BOYAmt |
| EOY | $3,407,364 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $75,922,147 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $36,354,560 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $40,750,965 | BOYAmt |
| EOY | $39,567,587 | EOYAmt |
Investments Other Securities InvestmentsOtherSecuritiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $701 | BOYAmt |
| EOY | $700 | EOYAmt |
Investments Program Related InvestmentsProgramRelatedGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $22,151,418 | BOYAmt |
| EOY | $22,228,906 | EOYAmt |
Intangible Assets IntangibleAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $10,281,134 | BOYAmt |
| EOY | $9,868,847 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $26,154,451 | BOYAmt |
| EOY | $29,593,638 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,295,129,210 | BOYAmt |
| EOY | $1,392,362,366 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $20,001,225 | BOYAmt |
| EOY | $21,669,824 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,150,030,432 | BOYAmt |
| EOY | $1,214,988,560 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,170,031,657 | BOYAmt |
| EOY | $1,236,658,384 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Org Does Not Follow SFAS117 | Yes (X) | OrgDoesNotFollowSFAS117Ind |
Rtn Earn Endowment Incm Oth Fnds RtnEarnEndowmentIncmOthFndsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $125,097,553 | BOYAmt |
| EOY | $155,703,982 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $125,097,553 | BOYAmt |
| EOY | $155,703,982 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,295,129,210 | BOYAmt |
| EOY | $1,392,362,366 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Reconcilation Revenue Expnss | $30,606,429 | ReconcilationRevenueExpnssAmt |
| Other Changes In Net Assets | $0 | OtherChangesInNetAssetsAmt |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | false | AccountantCompileOrReviewInd |
| FS Audited | Yes (true) | 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 (true) | AuditCommitteeInd |
| Federal Grant Audit Required | false | FederalGrantAuditRequiredInd |
Schedule D IRS990ScheduleD
Land LandGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $8,569,295 | OtherCostOrOtherBasisAmt |
| Book Value | $8,569,295 | BookValueAmt |
Buildings BuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $39,209,808 | OtherCostOrOtherBasisAmt |
| Depreciation | $11,146,693 | DepreciationAmt |
| Book Value | $28,063,115 | BookValueAmt |
Leasehold Improvements LeaseholdImprovementsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $718,424 | OtherCostOrOtherBasisAmt |
| Depreciation | $623,543 | DepreciationAmt |
| Book Value | $94,881 | BookValueAmt |
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $6,511,062 | OtherCostOrOtherBasisAmt |
| Depreciation | $5,791,179 | DepreciationAmt |
| Book Value | $719,883 | BookValueAmt |
Other Land Buildings OtherLandBuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $20,913,558 | OtherCostOrOtherBasisAmt |
| Depreciation | $18,793,145 | DepreciationAmt |
| Book Value | $2,120,413 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $39,567,587 | TotalBookValueLandBuildingsAmt |
Other Securities OtherSecuritiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | Misc Stock Investments | Desc |
| Book Value | $700 | BookValueAmt |
| Method Valuation | C | MethodValuationCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Securities | $700 | TotalBookValueSecuritiesAmt |
Invst Program Related Org InvstProgramRelatedOrgGrp (4 entries)
| DescDesc | Book ValueBookValueAmt | Method ValuationMethodValuationCd |
|---|---|---|
| NCUA Capitalization | $10,930,042 | C |
| Corporate Central CU | $7,834,526 | C |
| CUSO Investments | $376,438 | C |
| FHLB Stock | $3,087,900 | C |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Program Rltd | $22,228,906 | TotalBookValueProgramRltdAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp (4 entries)
| DescDesc | AmtAmt |
|---|---|
| Member SharesCertificates | $1,207,866,261 |
| Deferred Revenue | $735,412 |
| Escrow Accounts | $6,289,611 |
| Accrued Dividends | $97,276 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $1,214,988,560 | TotalLiabilityAmt |
| Total Rev Etc Audited Fincl Stmt | $99,511,700 | TotalRevEtcAuditedFinclStmtAmt |
| Revenue Subtotal | $99,511,700 | RevenueSubtotalAmt |
| Other Revenues Not Included | $385,610 | OtherRevenuesNotIncludedAmt |
| Revenue Not Reported Fincl Stmt | $385,610 | RevenueNotReportedFinclStmtAmt |
| Total Revenue Per Form990 | $99,897,310 | TotalRevenuePerForm990Amt |
| Tot Expns Etc Audited Fincl Stmt | $68,905,272 | TotExpnsEtcAuditedFinclStmtAmt |
| Expenses Subtotal | $68,905,272 | ExpensesSubtotalAmt |
| Other Expenses Not Included | $385,609 | OtherExpensesNotIncludedAmt |
| Expenses Not Rpt Fincl Stmt | $385,609 | ExpensesNotRptFinclStmtAmt |
| Total Expenses Per Form990 | $69,290,881 | TotalExpensesPerForm990Amt |
Supplemental Information Detail SupplementalInformationDetail (2 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| Other revenues included on Form 990 (Part XI, line 4b) | Classification difference between internal statements and audited financial statements |
| Other expenses included on Form 990 (Part XII, line 4b) | Classification difference between internal statements and audited financial statements and rounding difference |
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 | false | SeverancePaymentInd |
| Supplemental Nonqual Rtr Plan | Yes (true) | SupplementalNonqualRtrPlanInd |
| Equity Based Comp Arrngm | false | EquityBasedCompArrngmInd |
Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (9 entries)
| TitleTitleTxt | Base Compensation Filing OrgBaseCompensationFilingOrgAmt | Bonus Filing OrganizationBonusFilingOrganizationAmount | Other Compensation Filing OrgOtherCompensationFilingOrgAmt | Deferred Compensation Flng OrgDeferredCompensationFlngOrgAmt | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmt | Total Compensation Filing OrgTotalCompensationFilingOrgAmt |
|---|---|---|---|---|---|---|
| Jon Hehli | ||||||
| EVP-CFO | $171,963 | $17,610 | $54,159 | $8,162 | $12,102 | $263,996 |
| Brandon Riechers | ||||||
| EVP-CLO | $166,361 | $456 | $3,022 | $8,343 | $1,723 | $179,905 |
| Randy Beck | ||||||
| EVP-Corporate Risk Management | $138,306 | $11,700 | $5,307 | $11,085 | $166,398 | |
| Rachel Risberg | ||||||
| EVP-Member Experience | $177,186 | $17,370 | $25,602 | $9,552 | $1,703 | $231,413 |
| Rudy Pereira | ||||||
| CEOPresident | $462,894 | $81 | $456,806 | $17,500 | $15,378 | $952,659 |
| Lisa Stelter Graf | ||||||
| Mortgage Loan Officer | $282,297 | $3,071 | $14,279 | $1,935 | $301,582 | |
| Mark Willer | ||||||
| Former SVP-Business Services | $168,370 | $15,776 | $260,000 | $9,446 | $9,261 | $462,853 |
| Barbara Oas-Holmes | ||||||
| Mortgage Loan Officer | $160,858 | $2,825 | $8,508 | $12,231 | $184,422 | |
| Daniel Anderson | ||||||
| Financial consultant | $234,111 | $230 | $6,068 | $6,861 | $247,270 | |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (9 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| Unrelated business income explanation Part V line 3b | An extension has been filed for Royal Credit Union's 2013 990-T. |
| 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 Controller 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. |
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