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 |
|---|---|
| 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 |
|---|---|
| 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 |
|---|---|
| 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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