Dec, 31, 2023 — ROYAL CREDIT UNION is a federally insured state chartered credit union headquartered in EAU CLAIRE, WI with 57 branch locations and about $5.18 billion in total assets. Opened 60 years ago in 1964, ROYAL CREDIT UNION has about 308,675 members and employs 839 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | ROYAL CREDIT UNION |
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Address: (Main Office) | 200 Riverfront Ter EAU CLAIRE, WI 54703 |
Phone: | (715) 833-8111 |
Fax: | |
Website: | https://www.rcu.org |
Branches: | 57 branch locations |
Members: | 308,675 |
Credit Union Type: | Federally Insured State Chartered Credit Union |
Charter Number: | 66834 |
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Membership Type: | State chartered natural person |
Corporate Credit Union: | No |
Year Opened: | 1964 |
Last Audited: | Dec 01, 2022 |
FHLB Member: | Yes |
Low Income Designation: | No |
Assets: | $5,178,101,427 |
CEO/Manager: | Brandon Riechers |
Chairperson: | Tom Huffcutt |
ASSETS: | $ Amount |
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Cash & Equivalents | 168,370,918 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 8,163,426 |
Real Estate Loans | 2,566,026,560 |
Unsecured Loans | 193,649,991 |
Other Loans | 1,878,056,049 |
TOTAL LOANS | 4,665,103,630 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -36,740,477 |
Land And Building | 48,212,864 |
Other Fixed Assets | 7,703,547 |
NCUSIF Deposit | 37,401,480 |
All Other Assets | 209,794 |
TOTAL ASSETS | 5,178,101,427 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 2,728,812 |
Notes & Interest Payable | 240,741,715 |
Accounts Payable & Other Liabilities | 80,637,130 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 854,814,823 |
Regular shares | 1,043,653,897 |
All Other Shares & Deposits | 2,486,341,384 |
TOTAL SHARES & DEPOSITS | 4,384,810,104 |
TOTAL LIABILITIES | 4,709,331,756 |
Regular Reserve | 0 |
Other Reserves | 1,043,268 |
Undivided Earnings | 467,726,403 |
TOTAL EQUITY | 468,769,671 |
TOTAL LIABILITIES, SHARES, & EQUITY | 5,178,101,427 |
INCOME & EXPENSE | |
Loan Income | 220,366,104 |
Investment Income | 21,091,143 |
Other Income | 23,112,496 |
Total Employee Compensation & Benefits | 84,539,805 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 60,035,665 |
Non-operating Income & (Expense) | 270,840 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 19,500,106 |
Cost of Funds | 94,304,862 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 41,596,139 |
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» See also Statement of Financial Condition