2011-08-08T11:32:32-05:00 2010-12-31 WCUL Services Corp N25W23131 Paul Rd Suite 500 Pewaukee WI 53072 990 2010-01-01 396072970 Royal Credit Union ROYA PO BOX 970 Eau Claire WI 54702 Jon Hehli 7158338111 2011-08-05 false Cari Thompson 2625490200 2011-08-08 2010 2016-02-24 21:20:13Z Charles Grossklaus 85002564 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 98483 -39111 0 79337974 82208562 826130 679365 10143 2024103 80174247 84912030 0 0 24633941 24079400 0 0 49708751 57707607 74342692 81787007 5831555 3125023 1044544715 1247936678 943550808 1143817748 100993907 104118930 RCU is committed to provide friendly accurate and prompt financial services to our Members false false We have deposit transaction and investment accounts with 132986 members at 123110 During 2010 we opened 40885 new deposit transaction and investment accounts We funded 21219 loans during 2010 As of 123110 we had 17582 mortgageshome equity 57232 consumer loans and 1432 member business loans We also had 29504 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 67410 0 true 675 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 false true true false X Jon Hehli 7158338111 PO BOX 970 Eau Claire WI 54702 Bill Blackburn 10.00 X 0 0 0 Doug Olson 10.00 X X 21720 0 0 Jennifer McDonough 10.00 X X 8420 0 0 John Sackett 10.00 X X 13040 0 0 Nancy Beltz 10.00 X 9800 0 0 Richard Greene 10.00 X 8420 0 0 Stuart Schafer 10.00 X 3508 0 0 Tom Gillett 10.00 X X 11260 0 0 Charles Grossklaus 40.00 X 472664 0 160368 James Watts 40.00 X 161160 0 42184 Jon Hehli 40.00 X 188800 0 36480 Larry Accola 40.00 X X 161198 0 52962 Mark Willer 40.00 X 192991 0 47783 Rachel Risberg 40.00 X 154376 0 32887 1407357 0 372664 6 false true false Solutions Oriented Systems Inc 3650 South Pointe Circle Laughlin NV 89029 IT Consulting 339919 John Battalio 429 Garfield Avenue Eau Claire WI 54701 IT Consulting 100870 2 Interest on Loans 522100 56885367 56885367 Member AccountCard Fee 522100 13760624 13760624 Insurance Sales 524298 Other Member Fee Income 522100 11464088 11464088 Non-Mbr ATMCk Cash Fee 522100 98483 98483 82208562 429552 429552 212278 212278 212278 212278 340347 90534 249813 249813 249813 Other Non Operating Inc 522100 1811825 1811825 1811825 84912030 82110079 98483 2703468 1407357 16706914 1178841 3221185 1565103 774829 266868 1676211 1943546 2311030 3574225 2060568 153983 484656 321095 4207657 245940 Dividends on Shares 12340101 Loan ServicingProvision Los 19939137 Member Account Card Costs 4771304 NCUA Stabilization 2447443 Association Dues 179730 9284 81787007 0 0 0 24345500 47688794 20849784 26664858 1370520 6029319 937409234 1066339679 1813182 2440934 71931133 26822072 36395014 45109061 300000 418349 8064903 21493518 11105708 13996578 20646458 1044544715 1247936678 15784958 19425799 30400000 11400000 897365850 1112991949 943550808 1143817748 X 100993907 104118930 100993907 104118930 1044544715 1247936678 3125023 0 X false true true X false 8853545 8853545 38693645 7569869 31123776 651670 434837 216833 6140186 4280997 1859189 17592087 14536369 3055718 45109061 Government Securities 417648 Misc Stock Investments 701 418349 NCUA Capitalization 10343645 Corporate Central CU 7834526 CUSO Investments 449239 FHLB Stock 2866108 21493518 Member SharesCertificates 1109376449 Deferred Revenue 740425 All Other Liabilities 2574545 Accrued Dividends 300530 1112991949 84912030 81787007 3125023 3 3 3125026 85085116 173086 173086 84912030 84912030 81960090 173083 173083 81787007 81787007 Other change in net assets Part XI line 8 Rounding difference 02 Other revenues non included on Form 990 Part XII line 2d Classification difference between internal statements and audited financial statements 03 Other expenses not included on Form 990 Part XIII line 2d Classification difference between internal statements and audited financial statements plus rounding difference X X true true X X X X X false true false Jon Hehli 163540 0 25260 0 0 0 8731 0 27749 0 225280 0 0 0 Mark Willer 173581 0 19410 0 0 0 15164 0 32619 0 240774 0 0 0 James Watts 124340 0 36820 0 0 0 7027 0 35157 0 203344 0 0 0 Charles Grossklaus 472214 0 450 0 0 0 5828 0 154540 0 633032 0 0 0 Larry Accola 138107 0 22020 0 1071 0 6442 0 46520 0 214160 0 0 0 Rachel Risberg 136561 0 16864 0 951 0 7299 0 25588 0 187263 0 0 0 01. Unrelated business income explanation (Part V, line 3b) We have filed an extension on our 2010 990T 02. 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 03. Member election for additional members (Part VI, line 7a) The Board of Directors is elected by the membership utilizing their one vote per member 04. 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 05. 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 06. 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 07. 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 08. 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 09. 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