2013-08-14T15:54:44-05:00 2012-12-31 391127312 WCUL Services Corp N25W23131 Paul Rd Suite 500 Pewaukee WI 53072 990 2012-01-01 396072970 Royal Credit Union ROYA PO BOX 970 Eau Claire WI 54702 Jon Hehli 7158338111 2013-08-13 false Cari Thompson P01025704 2625490200 2013-08-14 2012 2016-02-24 21:20:13Z Rudy Pereira 98044023 false X www.rcu.org X 1964 WI RCU is committed to provide friendly, accurate, and prompt financial services to our Members. Royal Credit Union9s purpose statement is: to create a positive impact in the lives we touch 7 7 663 91401 -27409 0 88918673 97455976 27478 586215 0 88946151 98042191 0 0 30043871 31333096 0 0 54378720 50254032 84422591 81587128 4523560 16455063 1270785081 1295129210 1162142591 1170031657 108642490 125097553 RCU is committed to provide friendly, accurate, and prompt financial services to our Members. Royal Credit Union9s purpose statement is: to create a positive impact in the lives we touch false false We have deposit, transaction, and investment accounts with 145,648 members at 12/31/12. During 2012, we opened 34,982 new deposit, transaction and investment accounts. We funded 27,430 loans during 2012. As of 12/31/12, we had 22,271 mortgages/home equity, 66,356 consumer loans and 1,455 member business loans. We also had 35,201 credit card accounts with our members at 12/31. false false false false false false false false true false false false true false true false 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 17308 0 true 663 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 false X Jon Hehli 7158338111 PO BOX 970 Eau Claire WI 54702 Bill Blackburn 10.00 X 9103 0 0 Doug Olson 10.00 X X 23944 0 0 Jennifer McDonough 10.00 X X 10636 0 0 John Sackett 10.00 X X 17346 0 0 Nancy Beltz 10.00 X 10615 0 0 Stuart Schafer 10.00 X 9103 0 0 Tom Gillett 10.00 X X 12148 0 0 Brandon Riechers 40.00 X 163314 0 12440 Charles Grossklaus 40.00 X 1591925 0 4536 James Watts 40.00 X 193723 0 14933 Jan Johnson 40.00 X 16214 0 0 Jon Hehli 40.00 X 299282 0 62052 Lisa Stelter Graf 40.00 X 356885 0 18883 Rachel Risberg 40.00 X 159508 0 26570 Randy Beck 40.00 X 243265 0 14886 Rick Schemm 40.00 X 236447 0 17073 Rudy Pereira 40.00 X 473403 0 444650 3826861 0 616023 9 false true false Solution Oriented Systems Inc 3650 South Pointe Circle Laughlin NV 89029 IT Consulting 333683 1 Interest on Loans 522100 59868806 59868806 Member AccountCard Fee 522100 18689641 18689641 Other Member Fee Income 522100 18806128 18806128 Non-Member ATM Fees 518210 84770 84770 Non-Mbr Chk Cashing Fee 522100 6631 6631 97455976 585516 585516 2531 1832 699 699 699 98042191 97364575 91401 586215 4312123 19893712 1477402 3619377 2030482 1942568 227475 420994 2421640 2529352 4336167 2210326 230417 671357 124976 183709 3788405 371081 Dividends on Shares 5460101 5460101 Loan Servicing/Provision Los 16275114 16275114 Member Account Card Costs 6830984 6830984 NCUA Stabilization 1026737 1026737 1202629 81587128 0 0 0 29451352 64700691 2215684 13769111 13197764 14816069 1121082742 1099892380 2346596 2612290 74428798 33677833 42899226 40750965 405849 701 22082837 22151418 10693421 10281134 26409610 26154451 1270785081 1295129210 18511399 20001225 27400000 1116231192 1150030432 1162142591 1170031657 X 108642490 125097553 108642490 125097553 1270785081 1295129210 16455063 0 X false true X true false 8778545 8778545 38925207 9887904 29037303 659629 623211 36418 6282903 5491736 791167 19782514 17674982 2107532 40750965 Misc Stock Investments 701 C 701 NCUA Capitalization 10807757 C Corporate Central CU 7834526 C CUSO Investments 421235 C FHLB Stock 3087900 C 22151418 Member SharesCertificates 1143073679 Deferred Revenue 775544 Escrow Accounts 6087059 Accrued Dividends 94150 1150030432 94390607 94390607 3651584 3651584 98042191 77935543 77935543 3651585 3651585 81587128 D10 Other revenues included on Form 990 Part XI line 4b Classification difference between internal statements and audited financial statements D12 Other expenses included on Form 990 Part XII line 4b Classification difference between internal statements and audited financial statements X X true X X X true true false Jon Hehli 168682 600 130000 51176 10876 361334 Brandon Riechers 143353 19961 10955 1485 175754 James Watts 124293 5 69425 6586 8347 208656 Charles Grossklaus 92672 49253 1450000 3624 912 1596461 Randy Beck 112825 440 130000 5142 9744 258151 Rachel Risberg 159098 410 24919 1651 186078 Rudy Pereira 447898 25505 431518 13132 918053 Rick Schemm 99458 4432 132557 5588 11485 253520 Lisa Stelter Graf 353624 3261 17000 1883 375768 O01 Unrelated business income explanation Part V line 3b An extension has been filed for Royal Credit Union9s 2012 990-T. O02 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). O03 Member election for additional members Part VI line 7a The Board of Directors is elected by the membership utilizing their one vote per member O04 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 organization9s 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). O05 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. O06 Conflict of interest policy compliance Part VI line 12c Royal Credit Union9s Conflict of Interest Policy is shared with all employees and its Board of Directors each quarter. O07 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. O08 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. O09 Governing documents etc available to public Part VI line 19 Royal Credit Union9s 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.