ROYAL CREDIT UNION: Form 990, tax year 2011
View the entire original 990 at ProPublica ↗
- Organization
- ROYAL CREDIT UNION (EIN 39-6072970)
- Tax period
- 2011-01-01 to 2011-12-31
- Filed
- 2012-07-23
- IRS object ID
- 201222059349300147
- Schema version
- 2011v1.2
- 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) |
|---|---|---|
| Timestamp | 2012-07-23T17:16:32-05:00 | Timestamp |
| Tax Period End Date | 2011-12-31 | TaxPeriodEndDate |
Preparer Firm PreparerFirm
Preparer Firm Business Name PreparerFirmBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | WCUL Services Corp | BusinessNameLine1 |
Preparer Firm US Address PreparerFirmUSAddress
| 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 | ReturnType |
| Tax Period Begin Date | 2011-01-01 | TaxPeriodBeginDate |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 396072970 | EIN |
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Royal Credit Union | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Control | ROYA | NameControl |
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 |
Officer Officer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | Jon Hehli | Name |
| Title | Chief Financial | Title |
| Phone | 7158338111 | Phone |
| Date Signed | 2012-07-13 | DateSigned |
| Authorize Third Party | false | AuthorizeThirdParty |
Preparer Preparer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | Cari Thompson | Name |
| Phone | 2625490200 | Phone |
| Date Prepared | 2012-07-23 | DatePrepared |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax Year | 2011 | TaxYear |
| Build TS | 2016-02-24 21:20:13Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Principal Officer Person | Rudy Pereira | NameOfPrincipalOfficerPerson |
| Gross Receipts | 89056555 | GrossReceipts |
| Group Return For Affiliates | false | GroupReturnForAffiliates |
| Organization501c | X | Organization501c |
| Web Site | www.rcu.org | WebSite |
| Type Of Organization Corporation | X | TypeOfOrganizationCorporation |
| Year Formation | 1964 | YearFormation |
| State Legal Domicile | WI | StateLegalDomicile |
| Activity Or Mission Description | RCU is committed to provide friendly accurate and prompt financial services to our Members | ActivityOrMissionDescription |
| Nbr Voting Members Governing Body | 7 | NbrVotingMembersGoverningBody |
| Nbr Independent Voting Members | 7 | NbrIndependentVotingMembers |
| Total Nbr Employees | 675 | TotalNbrEmployees |
| Total Gross UBI | 96243 | TotalGrossUBI |
| Net Unrelated Business Txbl Income | 0 | NetUnrelatedBusinessTxblIncome |
| Contributions Grants Current Year | 0 | ContributionsGrantsCurrentYear |
| Program Service Revenue Prior Year | 82208562 | ProgramServiceRevenuePriorYear |
| Program Service Revenue CY | 88918673 | ProgramServiceRevenueCY |
| Investment Income Prior Year | 679365 | InvestmentIncomePriorYear |
| Investment Income Current Year | 27478 | InvestmentIncomeCurrentYear |
| Other Revenue Prior Year | 2024103 | OtherRevenuePriorYear |
| Other Revenue Current Year | 0 | OtherRevenueCurrentYear |
| Total Revenue Prior Year | 84912030 | TotalRevenuePriorYear |
| Total Revenue Current Year | 88946151 | TotalRevenueCurrentYear |
| Grants And Similar Amnts CY | 0 | GrantsAndSimilarAmntsCY |
| Benefits Paid To Members CY | 0 | BenefitsPaidToMembersCY |
| Salaries Etc Prior Year | 24079400 | SalariesEtcPriorYear |
| Salaries Etc Current Year | 30043871 | SalariesEtcCurrentYear |
| Total Prof Fundrsng Exp CY | 0 | TotalProfFundrsngExpCY |
| Total Fundrsng Exp Current Year | 0 | TotalFundrsngExpCurrentYear |
| Other Expense Prior Year | 57707607 | OtherExpensePriorYear |
| Other Expenses Current Year | 54378720 | OtherExpensesCurrentYear |
| Total Expenses Prior Year | 81787007 | TotalExpensesPriorYear |
| Total Expenses Current Year | 84422591 | TotalExpensesCurrentYear |
| Revenues Less Expenses Prior Year | 3125023 | RevenuesLessExpensesPriorYear |
| Revenues Less Expenses CY | 4523560 | RevenuesLessExpensesCY |
| Total Assets BOY | 1247936678 | TotalAssetsBOY |
| Total Assets EOY | 1270785081 | TotalAssetsEOY |
| Total Liabilities BOY | 1143817748 | TotalLiabilitiesBOY |
| Total Liabilities EOY | 1162142591 | TotalLiabilitiesEOY |
| Net Assets Or Fund Balances BOY | 104118930 | NetAssetsOrFundBalancesBOY |
| Net Assets Or Fund Balances EOY | 108642490 | NetAssetsOrFundBalancesEOY |
| Mission Description | RCU is committed to provide friendly accurate and prompt financial services to our Members | MissionDescription |
| Significant New Program Services | false | SignificantNewProgramServices |
| Significant Change | false | SignificantChange |
| Description | We have deposit transaction and investment accounts with 139825 members at 123111 During 2011 we opened 38246 new deposit transaction and investment accounts | Description |
Activity2 Activity2
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | We funded 25794 loans during 2011 As of 123111 we had 22341 mortgageshome equity 61602 consumer loans and 1461 member business loans We also had 31451 credit card accounts with our members at 1231 | Description |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Described In501 C3 | false | DescribedIn501C3 |
| Schedule B Required | false | ScheduleBRequired |
| Political Activities | false | PoliticalActivities |
| Donor Advised Funds | false | DonorAdvisedFunds |
| Conservation Easements | false | ConservationEasements |
| Collections Of Art | false | CollectionsOfArt |
| Credit Counseling | false | CreditCounseling |
| Term Or Permanent Endowments | false | TermOrPermanentEndowments |
| Report Land Bldg Equip | true | ReportLandBldgEquip |
| Report Invest Oth Securities | false | ReportInvestOthSecurities |
| Report Prog Rel Invest | false | ReportProgRelInvest |
| Report Other Assets | false | ReportOtherAssets |
| Report Other Liabilities | true | ReportOtherLiabilities |
| Report Fin48 Footnote | false | ReportFin48Footnote |
| Independent Audit Financial Stmt | true | IndependentAuditFinancialStmt |
| Consolidated Audit Financial Stmt | false | ConsolidatedAuditFinancialStmt |
| School | false | School |
| Foreign Office | false | ForeignOffice |
| Foreign Activities | false | ForeignActivities |
| More Than5000 K To Organizations | false | MoreThan5000KToOrganizations |
| More Than5000 K To Individuals | false | MoreThan5000KToIndividuals |
| Professional Fundraising | false | ProfessionalFundraising |
| Fundraising Activities | false | FundraisingActivities |
| Gaming | false | Gaming |
| Hospital | false | Hospital |
| Grants To Organizations | false | GrantsToOrganizations |
| Grants To Individuals | false | GrantsToIndividuals |
| Schedule J Required | true | ScheduleJRequired |
| Tax Exempt Bonds | false | TaxExemptBonds |
| Loan To Officer Or DQP | false | LoanToOfficerOrDQP |
| Grant To Related Person | false | GrantToRelatedPerson |
| Bsnss Rltnshp With Organization | false | BsnssRltnshpWithOrganization |
| Bsnss Rltnshp Thru Family Member | false | BsnssRltnshpThruFamilyMember |
| Officer Entity With Bsnss Rltnshp | false | OfficerEntityWithBsnssRltnshp |
| Deductible Non Cash Contributions | false | DeductibleNonCashContributions |
| Deductible Contributions Of Art | false | DeductibleContributionsOfArt |
| Terminated | false | Terminated |
| Partial Liquidation | false | PartialLiquidation |
| Disregarded Entity | false | DisregardedEntity |
| Related Entity | false | RelatedEntity |
| Related Org Controlled Entity | false | RelatedOrgControlledEntity |
| Transaction Related Entity | false | TransactionRelatedEntity |
| Activities Conducted Partnership | false | ActivitiesConductedPartnership |
| Schedule O Required | true | ScheduleORequired |
| Info In Schedule O Part V | X | InfoInScheduleOPartV |
| Number Forms Transmitted With1096 | 55172 | NumberFormsTransmittedWith1096 |
| Number W2 G Included | 0 | NumberW2GIncluded |
| Compliance With Backup Witholding | true | ComplianceWithBackupWitholding |
| Number Of Employees | 675 | NumberOfEmployees |
| Employment Tax Returns Filed | true | EmploymentTaxReturnsFiled |
| Unrelated Business Income | true | UnrelatedBusinessIncome |
| Form990-T Filed | false | Form990-TFiled |
| Foreign Financial Account | false | ForeignFinancialAccount |
| Prohibited Tax Shelter Trans | false | ProhibitedTaxShelterTrans |
| Taxable Party Notification | false | TaxablePartyNotification |
| Non Deductible Contributions | false | NonDeductibleContributions |
| Indoor Tanning Services | false | IndoorTanningServices |
| Info In Schedule O Part VI | X | InfoInScheduleOPartVI |
| Nbr Voting Governing Body Members | 7 | NbrVotingGoverningBodyMembers |
| Number Independent Voting Members | 7 | NumberIndependentVotingMembers |
| Family Or Business Relationship | false | FamilyOrBusinessRelationship |
| Delegation Of Management Duties | false | DelegationOfManagementDuties |
| Changes To Organizing Docs | true | ChangesToOrganizingDocs |
| Material Diversion Or Misuse | false | MaterialDiversionOrMisuse |
| Members Or Stockholders | true | MembersOrStockholders |
| Election Of Board Members | true | ElectionOfBoardMembers |
| Decisions Subject To Approval | true | DecisionsSubjectToApproval |
| Minutes Of Governing Body | true | MinutesOfGoverningBody |
| Minutes Of Committees | true | MinutesOfCommittees |
| Officer Mailing Address | false | OfficerMailingAddress |
| Local Chapters | false | LocalChapters |
| Form990 Provided To Governing Body | false | Form990ProvidedToGoverningBody |
| Conflict Of Interest Policy | true | ConflictOfInterestPolicy |
| Annual Disclosure Covered Persons | true | AnnualDisclosureCoveredPersons |
| Regular Monitoring Enforcement | true | RegularMonitoringEnforcement |
| Whistleblower Policy | true | WhistleblowerPolicy |
| Document Retention Policy | true | DocumentRetentionPolicy |
| Compensation Process CEO | true | CompensationProcessCEO |
| Compensation Process Other | true | CompensationProcessOther |
| Investment In Joint Venture | false | InvestmentInJointVenture |
| Upon Request | X | UponRequest |
The Books Are In Care Of TheBooksAreInCareOf
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Person | Jon Hehli | NamePerson |
| Telephone Number | 7158338111 | TelephoneNumber |
Address US AddressUS
| 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 Form990PartVIISectionA (14 entries)
| TitleTitle | Average Hours Per WeekAverageHoursPerWeek | Individual Trustee Or DirectorIndividualTrusteeOrDirector | Reportable Comp From OrganizationReportableCompFromOrganization | Reportable Comp From Related OrgsReportableCompFromRelatedOrgs | Other CompensationOtherCompensation | OfficerOfficer |
|---|---|---|---|---|---|---|
| Bill Blackburn | ||||||
| Director | 10.00 | X | 8670 | 0 | 0 | |
| Doug Olson | ||||||
| Chair | 10.00 | X | 21305 | 0 | 0 | X |
| Jennifer McDonough | ||||||
| Secretary | 10.00 | X | 10130 | 0 | 0 | X |
| John Sackett | ||||||
| Treasurer | 10.00 | X | 12620 | 0 | 0 | X |
| Nancy Beltz | ||||||
| Director | 10.00 | X | 10110 | 0 | 0 | |
| Stuart Schafer | ||||||
| Director | 10.00 | X | 8670 | 0 | 0 | |
| Tom Gillett | ||||||
| Vice Chair | 10.00 | X | 11570 | 0 | 0 | X |
| Charles Grossklaus | ||||||
| CEO | 40.00 | 454640 | 17646 | X | ||
| James Watts | ||||||
| CIO | 40.00 | 138679 | 0 | 43230 | X | |
| Jon Hehli | ||||||
| CFO | 40.00 | 179276 | 0 | 37667 | X | |
| Larry Accola | ||||||
| Sr VP-Bs Loans & Service | 40.00 | 299236 | 0 | 34102 | X | |
| Mark Willer | ||||||
| COO | 40.00 | 199737 | 0 | 40965 | X | |
| Rachel Risberg | ||||||
| EVP-Operation | 40.00 | 159129 | 0 | 33124 | X | |
| Rudy Pereira | ||||||
| CEO Incoming | 40.00 | 16923 | 0 | 0 | X | |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | 1530695 | TotalReportableCompFromOrg |
| Total Reportable Comp Frm Rltd Orgs | 0 | TotalReportableCompFrmRltdOrgs |
| Total Other Compensation | 206734 | TotalOtherCompensation |
| Number Individuals GT100 K | 6 | NumberIndividualsGT100K |
| Formers Listed | false | FormersListed |
| Total Comp GT150 K | true | TotalCompGT150K |
| Compensation From Other Sources | false | CompensationFromOtherSources |
Contractor Compensation ContractorCompensation
Name Of Contractor NameOfContractor
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Person | Solution Oriented Systems Inc | NamePerson |
Address Of Contractor AddressOfContractor
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 3650 South Pointe Circle | AddressLine1 |
| City | Laughlin | City |
| State | NV | State |
| ZIP Code | 89029 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description Of Services | IT Consulting | DescriptionOfServices |
| Compensation | 202438 | Compensation |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Number Of Contractors GT100 K | 1 | NumberOfContractorsGT100K |
Program Service Revenue ProgramServiceRevenue (5 entries)
| DescriptionDescription | Business CodeBusinessCode | Total Revenue ColumnTotalRevenueColumn | Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome | Unrelated Business RevenueUnrelatedBusinessRevenue |
|---|---|---|---|---|
| Interest on Loans | 522100 | 59906727 | 59906727 | |
| Member AccountCard Fee | 522100 | 16911084 | 16911084 | |
| Other Member Fee Income | 522100 | 12004619 | 12004619 | |
| Non-Member ATM Fees | 518210 | 86726 | 86726 | |
| Non-Mbr Chk Cashing Fee | 518210 | 9517 | 9517 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | 88918673 | TotalProgramServiceRevenue |
Investment Income InvestmentIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 137717 | TotalRevenueColumn |
| Exclusion | $137,717 | ExclusionAmount |
Gross Amount Sales Assets GrossAmountSalesAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other | 165 | Other |
Less Cost Oth Basis Sales Expenses LessCostOthBasisSalesExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other | 110404 | Other |
Gain Or Loss GainOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other | -110239 | Other |
Net Gain Or Loss Investments NetGainOrLossInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | -110239 | TotalRevenueColumn |
| Exclusion | -$110,239 | ExclusionAmount |
Total Revenue TotalRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 88946151 | TotalRevenueColumn |
| Related Or Exempt Function Income | 88822430 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | 96243 | UnrelatedBusinessRevenue |
| Exclusion | $27,478 | ExclusionAmount |
Comp Current Officers Directors CompCurrentOfficersDirectors
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1571511 | Total |
Other Salaries And Wages OtherSalariesAndWages
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 21162341 | Total |
Pension Plan Contributions PensionPlanContributions
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 2189127 | Total |
Other Employee Benefits OtherEmployeeBenefits
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 3298147 | Total |
Payroll Taxes PayrollTaxes
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1822745 | Total |
Fees For Services Legal FeesForServicesLegal
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1921352 | Total |
Fees For Services Accounting FeesForServicesAccounting
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 277341 | Total |
Fees For Services Other FeesForServicesOther
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 395473 | Total |
Advertising Advertising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 2267432 | Total |
Office Expenses OfficeExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 2730562 | Total |
Information Technology InformationTechnology
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 3997415 | Total |
Occupancy Occupancy
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 2308928 | Total |
Travel Travel
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 159775 | Total |
Conferences Meetings ConferencesMeetings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 609635 | Total |
Interest Interest
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 226819 | Total |
Payments To Affiliates PaymentsToAffiliates
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 176826 | Total |
Depreciation Depletion DepreciationDepletion
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 4103697 | Total |
Insurance Insurance
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 304916 | Total |
Other Expenses OtherExpenses (4 entries)
| DescriptionDescription | TotalTotal |
|---|---|
| Dividends on Shares | 8561199 |
| Loan ServicingProvision Los | 17452086 |
| Member Account Card Costs | 5969659 |
| NCUA Stabilization | 2616769 |
All Other Expenses AllOtherExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 298836 | Total |
Total Functional Expenses TotalFunctionalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 84422591 | Total |
| Program Services | 0 | ProgramServices |
| Management And General | 0 | ManagementAndGeneral |
| Fundraising | 0 | Fundraising |
Cash Non Interest Bearing CashNonInterestBearing
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 47688794 | BOY |
| EOY | 29451352 | EOY |
Savings And Temp Cash Investments SavingsAndTempCashInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 26664858 | BOY |
| EOY | 2215684 | EOY |
Accounts Receivable AccountsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 6029319 | BOY |
| EOY | 13197764 | EOY |
Other Notes Loans Receivable Net OtherNotesLoansReceivableNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1066339679 | BOY |
| EOY | 1121082742 | EOY |
Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 2440934 | BOY |
| EOY | 2346596 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Buildings Equipment Basis | 73258598 | LandBuildingsEquipmentBasis |
| Land Bldg Equipment Accum Deprec | 30359372 | LandBldgEquipmentAccumDeprec |
Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 45109061 | BOY |
| EOY | 42899226 | EOY |
Investments Other Securities InvestmentsOtherSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 418349 | BOY |
| EOY | 405849 | EOY |
Investments Program Related InvestmentsProgramRelated
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 21493518 | BOY |
| EOY | 22082837 | EOY |
Intangible Assets IntangibleAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 11105708 | BOY |
| EOY | 10693421 | EOY |
Other Assets Total OtherAssetsTotal
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 20646458 | BOY |
| EOY | 26409610 | EOY |
Total Assets TotalAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1247936678 | BOY |
| EOY | 1270785081 | EOY |
Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 19425799 | BOY |
| EOY | 18511399 | EOY |
Mort Notes Pybl Secured Invest Prop MortNotesPyblSecuredInvestProp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 11400000 | BOY |
| EOY | 27400000 | EOY |
Other Liabilities OtherLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1112991949 | BOY |
| EOY | 1116231192 | EOY |
Total Liabilities TotalLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1143817748 | BOY |
| EOY | 1162142591 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Do Not Follow SFAS117 | X | DoNotFollowSFAS117 |
Retained Earnings Endowment Etc RetainedEarningsEndowmentEtc
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 104118930 | BOY |
| EOY | 108642490 | EOY |
Total Net Assets Fund Balances TotalNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 104118930 | BOY |
| EOY | 108642490 | EOY |
Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1247936678 | BOY |
| EOY | 1270785081 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Reconcilation Revenue Expenses | 4523560 | ReconcilationRevenueExpenses |
| Reconcilation Other Changes | 0 | ReconcilationOtherChanges |
| Method Of Accounting Accrual | X | MethodOfAccountingAccrual |
| Accountant Compile Or Review | true | AccountantCompileOrReview |
| FS Audited | true | FSAudited |
| Audit Committee | false | AuditCommittee |
| Federal Grant Audit Required | false | FederalGrantAuditRequired |
Schedule D IRS990ScheduleD
Land Land
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 8778545 | OtherCostOrOtherBasis |
| Book Value | 8778545 | BookValue |
Buildings Buildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 38624927 | OtherCostOrOtherBasis |
| Depreciation | 8646919 | Depreciation |
| Book Value | 29978008 | BookValue |
Leasehold Improvements LeaseholdImprovements
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 651265 | OtherCostOrOtherBasis |
| Depreciation | 525277 | Depreciation |
| Book Value | 125988 | BookValue |
Equipment Equipment
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 6292967 | OtherCostOrOtherBasis |
| Depreciation | 5083774 | Depreciation |
| Book Value | 1209193 | BookValue |
Other Land Buildings OtherLandBuildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 18910894 | OtherCostOrOtherBasis |
| Depreciation | 16103402 | Depreciation |
| Book Value | 2807492 | BookValue |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Land Buildings | 42899226 | TotalOfBookValueLandBuildings |
Other Securities OtherSecurities (2 entries)
| DescriptionDescription | Book ValueBookValue | Method Of ValuationMethodOfValuation |
|---|---|---|
| Government Securities | 405148 | F |
| Misc Stock Investments | 701 | C |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Securities | 405849 | TotalOfBookValueSecurities |
Investments Program Related InvestmentsProgramRelated (4 entries)
| DescriptionDescription | Book ValueBookValue | Method Of ValuationMethodOfValuation |
|---|---|---|
| NCUA Capitalization | 10467076 | C |
| Corporate Central CU | 7834526 | C |
| CUSO Investments | 421235 | C |
| FHLB Stock | 3360000 | C |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Program Related | 22082837 | TotalOfBookValueProgramRelated |
Other Liabilities OtherLiabilities (4 entries)
| DescriptionDescription | AmountAmount |
|---|---|
| Member SharesCertificates | $1,109,409,555 |
| Deferred Revenue | $782,469 |
| All Other Liabilities | $5,873,190 |
| Accrued Dividends | $165,978 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Amounts | 1116231192 | TotalOfAmounts |
| Total Revenue | 88946151 | TotalRevenue |
| Total Expenses | 84422591 | TotalExpenses |
| Excess Or Deficit For Year | 4523560 | ExcessOrDeficitForYear |
| Excess Or Deficit Per FS | 4523560 | ExcessOrDeficitPerFS |
| Tot Revenue Etc Audited Fincl Stmt | 87756515 | TotRevenueEtcAuditedFinclStmt |
| Revenue Subtotal | 87756515 | RevenueSubtotal |
| Other Revenues Not Included | 1189636 | OtherRevenuesNotIncluded |
| Revenue Not Rptd On Fin Stmt | 1189636 | RevenueNotRptdOnFinStmt |
| Total Revenue Per Form990 | 88946151 | TotalRevenuePerForm990 |
| Tot Expenses Etc Audited Fincl Stmt | 83232955 | TotExpensesEtcAuditedFinclStmt |
| Expenses Subtotal | 83232955 | ExpensesSubtotal |
| Other Expenses Not Included | 1189636 | OtherExpensesNotIncluded |
| Expenses Not Rptd On Fin Stmt | 1189636 | ExpensesNotRptdOnFinStmt |
| Total Expenses Per Form990 | 84422591 | TotalExpensesPerForm990 |
Form990 Schedule D Part XIV Form990ScheduleDPartXIV (2 entries)
| IdentifierIdentifier | ExplanationExplanation |
|---|---|
| Other revenues included on Form 990 Part XII line 4b | Classification difference between internal statements and audited financial statements |
| 02 Other expenses included on Form 990 Part XIII line 4b | Classification difference between internal statements and audited financial statements |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Travel For Companions | X | TravelForCompanions |
| Housing Allowance Or Residence | X | HousingAllowanceOrResidence |
| Club Dues Or Fees | X | ClubDuesOrFees |
| Written Policy Re T And E Expenses | true | WrittenPolicyReTAndEExpenses |
| Substantiation Required | true | SubstantiationRequired |
| Compensation Committee | X | CompensationCommittee |
| Independent Consultant | X | IndependentConsultant |
| Written Employment Contract | X | WrittenEmploymentContract |
| Compensation Survey | X | CompensationSurvey |
| Board Or Committee Approval | X | BoardOrCommitteeApproval |
| Severance Payment | false | SeverancePayment |
| Supplemental Nonqual Retire Plan | true | SupplementalNonqualRetirePlan |
| Equity Based Comp Arrangement | false | EquityBasedCompArrangement |
Form990 Schedule J Part II Form990ScheduleJPartII (6 entries)
| Base Compensation Filing OrgBaseCompensationFilingOrg | Comp Based On Related OrgsCompBasedOnRelatedOrgs | Bonus Filing OrgBonusFilingOrg | Bonus Related OrgsBonusRelatedOrgs | Other Compensation Filing OrgOtherCompensationFilingOrg | Other Compensation Related OrgsOtherCompensationRelatedOrgs | Deferred Comp Filing OrgDeferredCompFilingOrg | Deferred Comp Related OrgsDeferredCompRelatedOrgs | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrg | Nontaxable Benefits Related OrgsNontaxableBenefitsRelatedOrgs | Total Compensation Filing OrgTotalCompensationFilingOrg | Total Compensation Related OrgsTotalCompensationRelatedOrgs | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrg | Comp Report Prior990 Related OrgsCompReportPrior990RelatedOrgs |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Jon Hehli | |||||||||||||
| 150520 | 0 | 18790 | 0 | 9966 | 0 | 9213 | 0 | 28454 | 0 | 216943 | 0 | 0 | 0 |
| Mark Willer | |||||||||||||
| 180090 | 0 | 13840 | 0 | 5807 | 0 | 8333 | 0 | 32632 | 0 | 240702 | 0 | 0 | 0 |
| James Watts | |||||||||||||
| 110162 | 0 | 16835 | 0 | 11682 | 0 | 7507 | 0 | 35723 | 0 | 181909 | 0 | 0 | 0 |
| Charles Grossklaus | |||||||||||||
| 443054 | 0 | 480 | 0 | 11106 | 0 | 7007 | 0 | 10639 | 0 | 472286 | 0 | 0 | 0 |
| Larry Accola | |||||||||||||
| 276436 | 0 | 22122 | 0 | 678 | 0 | 6409 | 0 | 27693 | 0 | 333338 | 0 | 0 | 0 |
| Rachel Risberg | |||||||||||||
| 143198 | 0 | 14353 | 0 | 1578 | 0 | 7639 | 0 | 25485 | 0 | 192253 | 0 | 0 | 0 |
Schedule O IRS990ScheduleO
General Explanation GeneralExplanation (10 entries)
| IdentifierIdentifier | ExplanationExplanation |
|---|---|
| 01. Unrelated business income explanation (Part V, line 3b) | We have filed an extension on our 2011 990T |
| 02. Organizational document changes (Part VI, line 4) | Bylaws were amended to include members on record as part of the purchase of the mortgage servicing rights from FDIC as receiver for The River Bank in October 2011 |
| 03. Members or stockholder classes and rights (Part VI, line 6) | The organization consists of members To be a member one must have a sharesavings account Each member has one vote to elect the governing body Board of Directors |
| 04. Member election for additional members (Part VI, line 7a) | The Board of Directors is elected by the membership utilizing their one vote per member |
| 05. 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 organizations bylaws Any decision to dissolve or merge the organization requires approval of membership unless mandated by regulatory agency ie NCUA Wisconsin Office of Credit Unions |
| 06. Form 990 governing body review (Part VI, line 11) | The Form 990 is prepared by a third party and reviewed by the Controller and CFO |
| 07. Conflict of interest policy compliance (Part VI, line 12c) | Royal Credit Unions Conflict of Interest Policy is shared with all employees and its Board of Directors each quarter All employees and directors are required to sign an Oath of Office annually |
| 08. 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 |
| 09. 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 |
| 10. Governing documents, etc, available to public (Part VI, line 19) | We post our financial statements on the member bulletin board in each credit union office entrance on a monthly basis |
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