Overview
What is Royal Credit Union?
The Royal Credit Union, located in Eau Claire, Wisconsin, is a significant financial institution with a mission to create a positive impact in people's lives. In 2022, the credit union granted 73,077 loans, amounting to a total of $4.16 billion. As of December 31, 2022, the credit union managed over 218,000 accounts, encompassing mortgage, consumer, and business loans. With a workforce of 1,083 employees, the Royal Credit Union continues to touch lives through its lending activities.
Official website here: www.rcu.org
Is Royal Credit Union legitimate?
Royal Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Royal Credit Union submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $5,857,026
Professional Fundraising Fees: $0
Other Salaries and Wages: $61,955,682
For more financial information, click here
Official website here: www.rcu.org
What is the mission statement of Royal Credit Union?
Royal Credit Union is dedicated to making a positive impact on the lives of those it serves. Its mission is geared towards touching lives in a meaningful way. In 2022, the credit union extended 73,077 loans amounting to over $4 billion. These loans reached a diverse range of individuals, with a membership base of 218,652 accounts, comprising mortgages, consumer, and business loans. By granting access to financial resources, Royal Credit Union enhances the livelihoods of its members and plays a crucial role in their financial journey.
Official website here: www.rcu.org
Who is the CEO of Royal Credit Union?
Brandon Riechers is the CEO of Royal Credit Union The CEO's salary of Royal Credit Union is $1,060,776 and their total compensation is $1,808,251.
Official website here: www.rcu.org
What is the revenue of Royal Credit Union?
Royal Credit Union's revenue in 2023 was $299,976,577.
Official website here: www.rcu.org
Who are the executives of Royal Credit Union and what are their salaries?
The average compensation at Royal Credit Union during 2023 was $59,905. There are 1132 employees and 456 volunteers at Royal Credit Union.
Here are 20 key members and their salaries (Royal Credit Union's CEO's salary is $1,060,776 and their total compensation is $1,808,251):
- Compensation: $33,000
- Related: $0
- Other: $0
- Compensation: $28,000
- Related: $0
- Other: $0
- Compensation: $27,000
- Related: $0
- Other: $0
- Compensation: $26,500
- Related: $0
- Other: $0
- Compensation: $25,500
- Related: $0
- Other: $0
- Compensation: $21,500
- Related: $0
- Other: $0
- Compensation: $41,500
- Related: $0
- Other: $0
- Compensation: $1,060,776
- Related: $0
- Other: $747,475
- Compensation: $682,899
- Related: $0
- Other: $136,534
- Compensation: $622,999
- Related: $0
- Other: $186,547
- Compensation: $525,926
- Related: $0
- Other: $200,352
- Compensation: $430,561
- Related: $0
- Other: $82,379
- Compensation: $417,875
- Related: $0
- Other: $55,375
- Compensation: $359,402
- Related: $0
- Other: $26,853
- Compensation: $113,106
- Related: $0
- Other: $4,967
- Compensation: $597,110
- Related: $0
- Other: $60,292
- Compensation: $525,427
- Related: $0
- Other: $33,414
- Compensation: $448,418
- Related: $0
- Other: $75,995
- Compensation: $411,603
- Related: $0
- Other: $67,168
- Compensation: $387,007
- Related: $0
- Other: $38,168
Official website here: www.rcu.org
Where can I find the form 990 for Royal Credit Union?
Royal Credit Union's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.rcu.org
Learn more at the official website: www.rcu.org
Mission Statement of Royal Credit Union
Royal Credit Union, a not-for-profit financial institution, is dedicated to making a positive impact in the lives of its members. This mission statement is reflected in the organization's daily operations as it grants loans to individuals in need. In the year 2022 alone, the credit union approved 73,077 loans, totaling an impressive $4,163,938,695. With over 218,000 accounts under its management, Royal Credit Union offers a wide range of loans, including mortgages, consumer, and business loans.
The credit union's commitment to creating a positive impact extends beyond financial services. It aims to touch lives in meaningful ways, providing opportunities for its members to improve their financial situations and build a better future. By offering accessible and affordable loans, Royal Credit Union empowers its members to take control of their financial lives and pursue their goals. Whether it's buying a home, starting a business, or making necessary repairs, the credit union's loans help its members make progress and move forward.
In essence, Royal Credit Union is more than just a financial institution. It is a community-focused organization that believes in the power of financial stability to transform lives. By granting loans and offering financial services, it creates opportunities for its members to thrive and achieve their goals. The credit union's unwavering dedication to its mission – to create a positive impact in the lives it touches – sets it apart as a trusted and valuable resource for its members.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
October, 2024
Royal Credit Union significantly influences the community through its financial activities, having granted 73,077 loans in 2022, totaling over $4.1 billion. This robust lending activity supports individuals and businesses, fostering economic growth in the region. As of the end of 2022, Royal Credit Union had built a strong customer base with 218,652 accounts encompassing mortgage, consumer, and business loans. Their overarching mission is to create a positive impact in the lives of those they serve, emphasizing their commitment to community well-being and financial empowerment.
This information is meant to be a general summary of Royal Credit Union. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2023.
- Investment Income: $21,091,143
- Program Service Revenue: $272,184,436
- Gross Receipts: $300,919,502
Assets and Liabilities:
- Total Assets: $4,552,578,835
- Total Liabilities: $4,134,659,335
- Net Assets: $417,919,500
Want to help this charity, for free? You can click here to learn more about Give Freely
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
LOAN INTEREST
Revenue
$220,366,104
OTHER OPERATING INCOME
Revenue
$28,705,836
SERVICE CHARGES & FEE INCOME
Revenue
$23,112,496
Organization Details
Founding Year
1964
Principal Officer
Joesph Hasto
Website
www.rcu.orgNTEE Category
Code: W60 - Public benefit
If you are a representative of Royal Credit Union and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.