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 not tax deductible.
Here are some key statistics you may want to consider:
Executive Compensation: $6,881,668
Professional Fundraising Fees: $0
Other Salaries and Wages: $47,192,280
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?
Joesph Hasto is the Chairman of Royal Credit Union. The CEO's salary of Royal Credit Union is $1,312,772 and their total compensation is $2,035,431.
Official website here: www.rcu.org
What is the revenue of Royal Credit Union?
Who are the executives of Royal Credit Union and what are their salaries?
The average compensation at Royal Credit Union during 2022 was $49,930. There are 1,083 employees and 441 volunteers at Royal Credit Union.
Here are 21 key members and their salaries (Royal Credit Union's CEO's salary is $1,312,772 and their total compensation is $2,035,431):
- Brandon Riechers (Ceo/President)
- Jan Johnson (Evp-Organizational Agility)
- Jon Hehli (Evp-Chief Financial Officer)
- Michael Dill (Evp-Chief Lending Officer)
- Pamela Haller (Evp-Chief Digital Experien)
- Jared Johnson (Mortgage Loan Officer)
- Adam Kinnard (Evp-Chief Technology Offic)
- Geoffrey Bullock (Evp - Member Experience)
- Glen Kennison (Vp-Credit Risk Management)
- Matthew Gerber (Vp-Mortgage Lending)
- Ryan Balts (Vp-Finance)
- Jeffrey Sproul (Mortgage Loan Officer)
- Grant Beardsley (Evp-Chief Legal Officer)
- Joseph Hasto Jr (Evp-Chief Financial Officer)
- Thomas Huffcutt (Chairman) [Trustee/Director]
- Doug Olson (Treasurer) [Trustee/Director]
- John Sackett (Assistant Secretary) [Trustee/Director]
- Jennifer Mcdonough (Secretary) [Trustee/Director]
- Stuart Schaefer (Vice Chairman) [Trustee/Director]
- William Blackburn (Assistant Vice Chairman) [Trustee/Director]
- Nancy Beltz (Assistant Treasurer) [Trustee/Director]
Official website here: www.rcu.org
Where can I find the form 990 for Royal Credit Union?
The Royal Credit Union’s most recent form 990 was submitted in 2022 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.
Impact
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.
Thursday, August 15, 2024
Royal Credit Union's impact can be seen through their significant contributions to the community. In 2022 alone, the credit union granted 73,077 loans totaling $4,163,938,695. With a total of 218,652 accounts as of December 31, 2022, including mortgage, consumer, and business loans, Royal Credit Union is making a tangible difference in the lives of its members. Their mission to create a positive impact in the lives they touch is evident in their commitment to providing financial support and opportunities for growth.
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 2022.
- Assets and Liabilities:
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
LOAN INTEREST
Revenue
$138,128,747
OTHER OPERATING INCOME
Revenue
$33,476,077
SERVICE CHARGES & FEE INCOME
Revenue
$21,411,876
Organization Details
Founding Year
1964
Phone
(715) 833-7254
Principal Officer
Joesph Hasto
Main Address
200 RIVERFRONT TERRACE, EAU CLAIRE, WI, 54703
Website
www.rcu.org
NTEE Category
Code: W60 - Public benefit
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