2014-11-04T17:58:49-06:00 2013-12-31 391127312 WCUL Services Corp N25W23131 Paul Rd Suite 500 Pewaukee WI 53072 990 2013-01-01 396072970 Royal Credit Union ROYA PO BOX 970 Eau Claire WI 54702 Jon Hehli Chief Financial 7158338111 2014-11-04 false Cari Thompson P01025704 2625490200 2014-11-04 2013 2015-11-30 17:44:51Z Rudy Pereira 103456909 false X www.rcu.org X 1964 WI To create a positive impact in the lives we touch. 7 7 659 677 117599 0 0 97455976 97674343 586215 2222967 0 98042191 99897310 0 0 31333096 30093061 0 0 50254032 39197820 81587128 69290881 16455063 30606429 1295129210 1392362366 1170031657 1236658384 125097553 155703982 To create a positive impact in the lives we touch. false false 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. 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. 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 false false false false true X 20006 0 true 659 true true false 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 10600 500 0 Nancy Beltz Director 10.00 0.00 X 10600 0 0 William Blackburn Vice Chair 10.00 0.00 X X 12200 126542 0 John Sackett Treasurer 10.00 0.00 X X 19400 0 0 Jennifer McDonough Secretary 10.00 0.00 X X 14800 0 0 Tom Gillett Director 10.00 0.00 X X 0 0 0 Doug Olson Chair 10.00 0.00 X X 26200 0 0 Thomas Huffcutt Director 10.00 0.00 X 9717 0 0 Jon Hehli EVP-CFO 40.00 0.00 X 243732 0 20264 Brandon Riechers EVP-CLO 40.00 0.00 X 169839 0 10066 Randy Beck EVP-Corporate Risk Management 40.00 0.00 X 150006 0 16392 Rachel Risberg EVP-Member Experience 40.00 0.00 X 220158 0 11255 Rudy Pereira CEOPresident 40.00 0.00 X 919781 0 32878 Jan Johnson EVP-Organizational Agility 40.00 0.00 X 139354 0 10055 Lisa Stelter Graf Mortgage Loan Officer 40.00 0.00 X 285368 0 16214 Barbara Oas-Holmes Mortgage Loan Officer 0.00 0.00 X 163683 0 20739 Daniel Anderson Financial consultant 40.00 0.00 X 234341 0 12929 Mark Willer Former SVP-Business Services 40.00 0.00 X 444146 0 18707 3073925 127042 169499 10 true true false Pusateri Properties LLP 5850 Opus Parkway Ste 108 Hopkins MN 55343 Lease 408171 Weld Riley Prenn Ricci SC PO BOX 1030 Eau Claire WI 547021030 Attorneys 822465 Anastasi Jellum 14985 60th Street N Stillwater MN 55082 Attorneys 207013 Avtex Solutions LLC 3500 American Blvd W Ste 300 Minneapolis MN 55431 Phone System 162856 Ruder Ware LLSC PO BOX 8050 Wausau WI 544028050 Attorneys 156358 7 Interest on Loans 522100 57214024 57214024 Member AccountCard Fee 522100 17820258 17820258 Other Member Fee Income 522100 22522462 22522462 Non-Member ATM Fees 518210 112029 112029 Non-Mbr Chk Cashing Fee 522100 5570 5570 97674343 1688944 1688944 4093622 3559599 534023 534023 534023 99897310 97556744 117599 2222967 3073945 19502089 1655895 3941314 1919818 1193753 134031 276872 2342921 2230212 4578220 2470913 243962 698191 17 196437 3413070 305424 Dividends on Shares 5067061 5067061 Loan ServicingProvision Los 7230506 7230506 Member Account Card Costs 7276411 7276411 NCUA Stabilization 874403 874403 665416 69290881 0 0 0 64700691 100463127 13769111 32477640 14816069 2856877 1099892380 1151897680 2612290 3407364 75922147 36354560 40750965 39567587 701 700 22151418 22228906 10281134 9868847 26154451 29593638 1295129210 1392362366 20001225 21669824 1150030432 1214988560 1170031657 1236658384 X 125097553 155703982 125097553 155703982 1295129210 1392362366 30606429 0 X false true X true false 8569295 8569295 39209808 11146693 28063115 718424 623543 94881 6511062 5791179 719883 20913558 18793145 2120413 39567587 Misc Stock Investments 700 C 700 NCUA Capitalization 10930042 C Corporate Central CU 7834526 C CUSO Investments 376438 C FHLB Stock 3087900 C 22228906 Member SharesCertificates 1207866261 Deferred Revenue 735412 Escrow Accounts 6289611 Accrued Dividends 97276 1214988560 99511700 99511700 385610 385610 99897310 68905272 68905272 385609 385609 69290881 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 X X X X false true false Jon Hehli EVP-CFO 171963 17610 54159 8162 12102 263996 Brandon Riechers EVP-CLO 166361 456 3022 8343 1723 179905 Randy Beck EVP-Corporate Risk Management 138306 11700 5307 11085 166398 Rachel Risberg EVP-Member Experience 177186 17370 25602 9552 1703 231413 Rudy Pereira CEOPresident 462894 81 456806 17500 15378 952659 Lisa Stelter Graf Mortgage Loan Officer 282297 3071 14279 1935 301582 Mark Willer Former SVP-Business Services 168370 15776 260000 9446 9261 462853 Barbara Oas-Holmes Mortgage Loan Officer 160858 2825 8508 12231 184422 Daniel Anderson Financial consultant 234111 230 6068 6861 247270 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.