2012-07-23T17:16:32-05:00 2011-12-31 WCUL Services Corp N25W23131 Paul Rd Suite 500 Pewaukee WI 53072 990 2011-01-01 396072970 Royal Credit Union ROYA PO BOX 970 Eau Claire WI 54702 Jon Hehli 7158338111 2012-07-13 false Cari Thompson 2625490200 2012-07-23 2011 2016-02-24 21:20:13Z Rudy Pereira 89056555 false X www.rcu.org X 1964 WI RCU is committed to provide friendly accurate and prompt financial services to our Members 7 7 675 96243 0 0 82208562 88918673 679365 27478 2024103 0 84912030 88946151 0 0 24079400 30043871 0 0 57707607 54378720 81787007 84422591 3125023 4523560 1247936678 1270785081 1143817748 1162142591 104118930 108642490 RCU is committed to provide friendly accurate and prompt financial services to our Members false false We have deposit transaction and investment accounts with 139825 members at 123111 During 2011 we opened 38246 new deposit transaction and investment accounts 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 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 X 55172 0 true 675 true true false false false false false false X 7 7 false false true 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 Bill Blackburn 10.00 X 8670 0 0 Doug Olson 10.00 X X 21305 0 0 Jennifer McDonough 10.00 X X 10130 0 0 John Sackett 10.00 X X 12620 0 0 Nancy Beltz 10.00 X 10110 0 0 Stuart Schafer 10.00 X 8670 0 0 Tom Gillett 10.00 X X 11570 0 0 Charles Grossklaus 40.00 X 454640 17646 James Watts 40.00 X 138679 0 43230 Jon Hehli 40.00 X 179276 0 37667 Larry Accola 40.00 X 299236 0 34102 Mark Willer 40.00 X 199737 0 40965 Rachel Risberg 40.00 X 159129 0 33124 Rudy Pereira 40.00 X 16923 0 0 1530695 0 206734 6 false true false Solution Oriented Systems Inc 3650 South Pointe Circle Laughlin NV 89029 IT Consulting 202438 1 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 88918673 137717 137717 165 110404 -110239 -110239 -110239 88946151 88822430 96243 27478 1571511 21162341 2189127 3298147 1822745 1921352 277341 395473 2267432 2730562 3997415 2308928 159775 609635 226819 176826 4103697 304916 Dividends on Shares 8561199 Loan ServicingProvision Los 17452086 Member Account Card Costs 5969659 NCUA Stabilization 2616769 298836 84422591 0 0 0 47688794 29451352 26664858 2215684 6029319 13197764 1066339679 1121082742 2440934 2346596 73258598 30359372 45109061 42899226 418349 405849 21493518 22082837 11105708 10693421 20646458 26409610 1247936678 1270785081 19425799 18511399 11400000 27400000 1112991949 1116231192 1143817748 1162142591 X 104118930 108642490 104118930 108642490 1247936678 1270785081 4523560 0 X true true false false 8778545 8778545 38624927 8646919 29978008 651265 525277 125988 6292967 5083774 1209193 18910894 16103402 2807492 42899226 Government Securities 405148 F Misc Stock Investments 701 C 405849 NCUA Capitalization 10467076 C Corporate Central CU 7834526 C CUSO Investments 421235 C FHLB Stock 3360000 C 22082837 Member SharesCertificates 1109409555 Deferred Revenue 782469 All Other Liabilities 5873190 Accrued Dividends 165978 1116231192 88946151 84422591 4523560 4523560 87756515 87756515 1189636 1189636 88946151 83232955 83232955 1189636 1189636 84422591 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 X X X true true X X X X X false true false 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 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