Royal Credit Union

Organization Overview

Royal Credit Union is located in Eau Claire, WI. As of 12/2021, Royal Credit Union employed 862 individuals. Royal Credit Union is a 501(c)(14) and as such, is described as a "State Chartered Credit Union, Mutual Reserve Fund" by the IRS.

For the year ending 12/2021, Royal Credit Union generated $185.3m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 12.5% each year . All expenses for the organization totaled $120.4m during the year ending 12/2021. While expenses have increased by 8.8% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Since 2017, Royal Credit Union has awarded 33 individual grants totaling $2,208,818. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

TO CREATE A POSITIVE IMPACT IN THE LIVES WE TOUCH.

Describe the Organization's Program Activity:

Part 3 - Line 4a

THERE WERE 73,798 LOANS GRANTED IN 2021. AS OF 12/31/21, THE CREDIT UNION HAD 189,427 ACCOUNTS COMPRISED OF MORTGAGE, CONSUMER AND BUSINESS LOANS.


WE HAVE DEPOSIT, TRANSACTION AND INVESTMENT ACCOUNTS WITH 251,235 MEMBERS AT 12/31/21. NET ACCOUNT GROWTH DURING 2021 WAS 39,864 ACCOUNTS FOR A TOTAL AT 12/31/21 OF 487,070


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Outside Vendors & Contractors

Vendor Name (Service)Compensation
Market & Johnson Inc
Building Contractor
$1,219,216
Act Appraisal Inc
Appraisals For Mortgage Loans
$903,220
Royal Construction Inc
Building Contractor
$307,201
Kopelowitz Ostrow Pa
Attorney/legal Services
$360,000
Class Valuation Llc
Appraisals For Mortgage Loans
$330,058
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$0
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$0
Total Program Service Revenue$178,877,257
Investment income $4,175,579
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $1,686,620
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $185,328,498

Grants Awarded

Over the last fiscal year, Royal Credit Union has awarded $45,450 in support to 4 organizations.

Grant RecipientAmount

St Paul, MN

PURPOSE: EQUIPMENT PURCHASE RELATED TO YOUTH PROGRAMS

$15,000

UW-EAU CLAIRE FOUNDATION

Org PageRecipient Profile

Eau Claire, WI

PURPOSE: CARSON PARK TURF

$11,250

NORTH CENTRAL AREA HEALTH EDUCATION CENTERS

Org PageRecipient Profile

Wausau, WI

PURPOSE: COMMUNITY HEALTH INTERNSHIP PROGRAM

$11,200

UNITED WAY OF THE GREATER CHIPPEWA VALLEY

Org PageRecipient Profile

Eau Claire, WI

PURPOSE: ANNUAL DONATION EC/CV PORTION

$8,000
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 1 grants that Royal Credit Union has recieved totaling $7,750.

Awarding OrganizationAmount
Wisconsin Credit Union Foundationinc

Madison, WI

PURPOSE: TO FUND VIRTUAL FINANCIAL EDUCATION FOR YOUNG ADULTS AND TO SUPPORT JAIL-BASED FINANCIAL EDUCATION PROGRAM.

$7,750
View Grant Recipient Profile

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$990,208,142
Woodmen Of The World Life Insurance Society
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$1,020,619,814
Mercy Hospital Springfield
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$1,115,699,805
Ssm Health Care Corporation
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$1,033,534,741
Deaconess Hospital Inc
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$1,102,144,618
Ascension St John Hospital
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$965,978,781
Advocate North Side Health Network
Downers Grove, IL
$901,672,521

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