ROYAL CREDIT UNION

Address
200 RIVERFRONT TERRACE
EAU CLAIRE, WI 54703
Contact
Website: http://www.rcu.org
Phone: +1 (715) 833-8111
Nonprofit
NTEE: W61 - Credit Unions
EIN: 39-6072970

Mission

TO CREATE A POSITIVE IMPACT IN THE LIVES WE TOUCH.
 20162015201420132012
Basic features of the organization
Year of formation1964
Metropolitan statistical area2290
Form of organization
CorporationTrue
Human resources, including compensation
Summary compensation info
Total compensation of current key personnel$3,010,724.00$2,851,492.00$3,458,389.00$3,073,945.00$4,312,123.00
Sum of reportable (W2/1099) compensation$3,465,195.00$3,115,054.00$3,542,950.00$3,073,925.00$3,826,861.00
Number of employees733664679659663
Number of people compensated >$100k383812109
Number of volunteers6770591677 
Number of highly compensated contractors181257 
Personnel
Anderson, Daniel
TitleFINANCIAL CONSULTANTFINANCIAL CONSULTANTFinancial consultantFinancial consultant 
Name of key/compensated personDANIEL ANDERSONDANIEL ANDERSONDaniel AndersonDaniel Anderson 
Position of compensated person
Current key employee (> $150k)   True 
Highest compensated employees (>$100k)TrueTrueTrue  
Average hours per week working for org40.0040.0040.0040.00 
Reportable compensation from org$306,842.00$209,394.00$250,450.00$234,341.00 
Breakdown of reportable comp
Base reportable compensation from org$279,008.00$205,201.00$250,440.00$234,111.00 
Bonus and incentive reportable compensation$0.00$0.00$10.00$230.00 
Other reportable compensation from org$27,834.00$4,193.00   
Retirement and other deferred compensation$6,127.00$6,051.00$6,169.00$6,068.00 
Nontaxable benefits from org$7,610.00$6,650.00$6,708.00$6,861.00 
Compensation from org previously reported as deferred$0.00$0.00   
Other comp, non-reportable, from org and related orgs$13,737.00$12,701.00$12,877.00$12,929.00 
Sum of all compensation from org$320,579.00$222,095.00$263,327.00$247,270.00 
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00$0.00 
Average hours per week working for related orgs  0.000.00 
Beck, Randy
TitleEVP-CORPORATE RISK MGMTEVP-CORPORATE RISK MGMTEVP-Corporate Risk ManagementEVP-Corporate Risk ManagementEVP-Corporate Risk Management
Name of key/compensated personRANDY BECKRANDY BECKRandy BeckRandy BeckRandy Beck
Position of compensated person
Average hours per week working for org40.0040.0040.0040.0040.00
Reportable compensation from org$228,946.00$205,852.00$166,846.00$150,006.00$243,265.00
Breakdown of reportable comp
Base reportable compensation from org$161,791.00$165,014.00$152,019.00$138,306.00$112,825.00
Bonus and incentive reportable compensation$65,358.00$38,847.00$14,827.00$11,700.00$440.00
Other reportable compensation from org$1,797.00$1,991.00  $130,000.00
Retirement and other deferred compensation$8,084.00$5,438.00$5,276.00$5,307.00$5,142.00
Nontaxable benefits from org$13,933.00$12,519.00$12,259.00$11,085.00$9,744.00
Compensation from org previously reported as deferred$0.00$0.00   
Other comp, non-reportable, from org and related orgs$22,017.00$17,957.00$17,535.00$16,392.00$14,886.00
Sum of all compensation from org$250,963.00$223,809.00$184,381.00$166,398.00$258,151.00
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00$0.00$0.00
Average hours per week working for related orgs  0.000.00 
Beltz, Nancy
TitleDIRECTORDIRECTORDirectorDirectorDirector
Name of key/compensated personNANCY BELTZNANCY BELTZNancy BeltzNancy BeltzNancy Beltz
Position of compensated person
Average hours per week working for org10.0010.0010.0010.0010.00
Reportable compensation from org$14,295.00$11,710.00$11,150.00$10,600.00$10,615.00
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00$0.00$0.00
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00$0.00$0.00
Average hours per week working for related orgs  0.000.00 
Blackburn, Bill
Title    Director
Name of key/compensated person    Bill Blackburn
Position of compensated person
Average hours per week working for org    10.00
Reportable compensation from org    $9,103.00
Other comp, non-reportable, from org and related orgs    $0.00
Corresponding comp from related orgs
Reportable compensation from related orgs     $0.00
Blackburn, William
TitleDIRECTORDIRECTORVice ChairVice Chair 
Name of key/compensated personWILLIAM BLACKBURNWILLIAM BLACKBURNWilliam BlackburnWilliam Blackburn 
Position of compensated person
Average hours per week working for org10.0010.0010.0010.00 
Reportable compensation from org$14,170.00$13,495.00$13,650.00$12,200.00 
Breakdown of reportable comp
Base reportable compensation from org  $13,650.00  
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00$0.00 
Sum of all compensation from org  $13,650.00  
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$80,782.00$126,542.00 
Average hours per week working for related orgs  0.000.00 
Forcier-Pabst, Amy
TitleEVP-MEMBER EXPERIENCEEVP-MEMBER EXPERIENCEEVP-Member Experience  
Name of key/compensated personAMY FORCIER-PABSTAMY FORCIER-PABSTAmy Forcier-Pabst  
Position of compensated person
Average hours per week working for org40.0040.0040.00  
Reportable compensation from org$164,500.00$137,106.00$93,595.00  
Breakdown of reportable comp
Base reportable compensation from org$114,605.00$112,669.00   
Bonus and incentive reportable compensation$47,530.00$22,288.00   
Other reportable compensation from org$2,365.00$2,149.00   
Retirement and other deferred compensation$5,204.00$4,368.00   
Nontaxable benefits from org$18,014.00$16,549.00   
Compensation from org previously reported as deferred$0.00$0.00   
Other comp, non-reportable, from org and related orgs$23,218.00$20,917.00$18,728.00  
Sum of all compensation from org$187,718.00$158,023.00   
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00  
Average hours per week working for related orgs  0.00  
Gerber, Mathew
TitleVP-MORTGAGE LOAN SALESVP-MORTGAGE LOAN SALES   
Name of key/compensated personMATHEW GERBERMATHEW GERBER   
Position of compensated person
Highest compensated employees (>$100k)TrueTrue   
Average hours per week working for org40.0040.00   
Reportable compensation from org$211,202.00$193,547.00   
Breakdown of reportable comp
Base reportable compensation from org$191,282.00$177,742.00   
Bonus and incentive reportable compensation$18,776.00$13,710.00   
Other reportable compensation from org$1,144.00$2,095.00   
Retirement and other deferred compensation$7,641.00$7,765.00   
Nontaxable benefits from org$12,546.00$15,794.00   
Compensation from org previously reported as deferred$0.00$0.00   
Other comp, non-reportable, from org and related orgs$20,187.00$23,559.00   
Sum of all compensation from org$231,389.00$217,106.00   
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00   
Gerber, Matthew
Title  VP - Mortgage Loan Sales  
Name of key/compensated person  Matthew Gerber  
Position of compensated person
Highest compensated employees (>$100k)  True  
Average hours per week working for org  40.00  
Reportable compensation from org  $154,749.00  
Breakdown of reportable comp
Base reportable compensation from org  $154,739.00  
Bonus and incentive reportable compensation  $10.00  
Retirement and other deferred compensation  $7,405.00  
Nontaxable benefits from org  $16,193.00  
Other comp, non-reportable, from org and related orgs  $23,598.00  
Sum of all compensation from org  $178,347.00  
Corresponding comp from related orgs
Reportable compensation from related orgs   $0.00  
Average hours per week working for related orgs  0.00  
Gillett, Tom
Title   DirectorVice Chair
Name of key/compensated person   Tom GillettTom Gillett
Position of compensated person
Average hours per week working for org   10.0010.00
Reportable compensation from org   $0.00$12,148.00
Other comp, non-reportable, from org and related orgs   $0.00$0.00
Corresponding comp from related orgs
Reportable compensation from related orgs    $0.00$0.00
Average hours per week working for related orgs   0.00 
Gladwell, Gina
Title  Mortgage Loan Officer  
Name of key/compensated person  Gina Gladwell  
Position of compensated person
Highest compensated employees (>$100k)  True  
Average hours per week working for org  40.00  
Reportable compensation from org  $162,954.00  
Breakdown of reportable comp
Base reportable compensation from org  $162,744.00  
Bonus and incentive reportable compensation  $210.00  
Retirement and other deferred compensation  $7,927.00  
Nontaxable benefits from org  $6,078.00  
Other comp, non-reportable, from org and related orgs  $14,005.00  
Sum of all compensation from org  $176,959.00  
Corresponding comp from related orgs
Reportable compensation from related orgs   $0.00  
Average hours per week working for related orgs  0.00  
Graf, Lisa
Title  Mortgage Loan OfficerMortgage Loan OfficerHome Loan Representative
Name of key/compensated person  Lisa Stelter GrafLisa Stelter GrafLisa Stelter Graf
Position of compensated person
Highest compensated employees (>$100k)  True  
Average hours per week working for org  40.0040.0040.00
Reportable compensation from org  $197,567.00$285,368.00$356,885.00
Breakdown of reportable comp
Base reportable compensation from org  $177,306.00$282,297.00$353,624.00
Bonus and incentive reportable compensation  $20,261.00$3,071.00$3,261.00
Retirement and other deferred compensation  $9,887.00$14,279.00$17,000.00
Nontaxable benefits from org  $1,752.00$1,935.00$1,883.00
Other comp, non-reportable, from org and related orgs  $11,639.00$16,214.00$18,883.00
Sum of all compensation from org  $209,206.00$301,582.00$375,768.00
Corresponding comp from related orgs
Reportable compensation from related orgs   $0.00$0.00$0.00
Average hours per week working for related orgs  0.000.00 
Grossklaus, Charles
Title    Former CEO
Name of key/compensated person    Charles Grossklaus
Position of compensated person
Average hours per week working for org    40.00
Reportable compensation from org    $1,591,925.00
Breakdown of reportable comp
Base reportable compensation from org    $92,672.00
Bonus and incentive reportable compensation    $49,253.00
Other reportable compensation from org    $1,450,000.00
Retirement and other deferred compensation    $3,624.00
Nontaxable benefits from org    $912.00
Other comp, non-reportable, from org and related orgs    $4,536.00
Sum of all compensation from org    $1,596,461.00
Corresponding comp from related orgs
Reportable compensation from related orgs     $0.00
Hehli, John
Title EVP-CFO   
Name of key/compensated person JOHN HEHLI   
Position of compensated person
Average hours per week working for org 40.00   
Reportable compensation from org $418,950.00   
Breakdown of reportable comp
Base reportable compensation from org $190,214.00   
Bonus and incentive reportable compensation $224,435.00   
Other reportable compensation from org $4,301.00   
Retirement and other deferred compensation $12,936.00   
Nontaxable benefits from org $12,565.00   
Compensation from org previously reported as deferred $0.00   
Other comp, non-reportable, from org and related orgs $25,501.00   
Sum of all compensation from org $444,451.00   
Corresponding comp from related orgs
Reportable compensation from related orgs  $0.00   
Hehli, Jon
TitleEVP-CFO EVP-CFOEVP-CFOEVP-CFO
Name of key/compensated personJON HEHLI Jon HehliJon HehliJon Hehli
Position of compensated person
Average hours per week working for org40.00 40.0040.0040.00
Reportable compensation from org$276,032.00 $253,018.00$243,732.00$299,282.00
Breakdown of reportable comp
Base reportable compensation from org$189,914.00 $180,104.00$171,963.00$168,682.00
Bonus and incentive reportable compensation$78,367.00 $17,442.00$17,610.00$600.00
Other reportable compensation from org$7,751.00 $55,472.00$54,159.00$130,000.00
Retirement and other deferred compensation$13,840.00 $10,410.00$8,162.00$51,176.00
Nontaxable benefits from org$14,014.00 $12,488.00$12,102.00$10,876.00
Compensation from org previously reported as deferred$0.00    
Other comp, non-reportable, from org and related orgs$27,854.00 $22,898.00$20,264.00$62,052.00
Sum of all compensation from org$303,886.00 $275,916.00$263,996.00$361,334.00
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00 $0.00$0.00$0.00
Average hours per week working for related orgs  0.000.00 
Huffcutt, Thomas
TitleVICE CHAIRMANVICE CHAIRDirectorDirector 
Name of key/compensated personTHOMAS HUFFCUTTTHOMAS HUFFCUTTThomas HuffcuttThomas Huffcutt 
Position of compensated person
Average hours per week working for org10.0010.0010.0010.00 
Reportable compensation from org$16,170.00$13,495.00$11,550.00$9,717.00 
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00$0.00 
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00$0.00 
Average hours per week working for related orgs  0.000.00 
Johnson, Jan
TitleEVP-ORGANIZATIONAL AGILITYEVP-ORGANIZATIONAL AGILITYEVP-Organizational AgilityEVP-Organizational AgilityEVP-Organizational Agility
Name of key/compensated personJAN JOHNSONJAN JOHNSONJan JohnsonJan JohnsonJan Johnson
Position of compensated person
Average hours per week working for org40.0040.0040.0040.0040.00
Reportable compensation from org$248,010.00$225,008.00$179,183.00$139,354.00$16,214.00
Breakdown of reportable comp
Base reportable compensation from org$177,036.00$171,141.00$164,530.00  
Bonus and incentive reportable compensation$67,479.00$51,342.00$14,653.00  
Other reportable compensation from org$3,495.00$2,525.00   
Retirement and other deferred compensation$8,190.00$7,380.00$7,180.00  
Nontaxable benefits from org$7,553.00$6,633.00$6,393.00  
Compensation from org previously reported as deferred$0.00$0.00   
Other comp, non-reportable, from org and related orgs$15,743.00$14,013.00$13,573.00$10,055.00$0.00
Sum of all compensation from org$263,753.00$239,021.00$192,756.00  
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00$0.00$0.00
Average hours per week working for related orgs  0.000.00 
Johnson, Jared
TitleMORTGAGE LOAN OFFICER    
Name of key/compensated personJARED JOHNSON    
Position of compensated person
Highest compensated employees (>$100k)True    
Average hours per week working for org40.00    
Reportable compensation from org$209,315.00    
Breakdown of reportable comp
Base reportable compensation from org$185,478.00    
Bonus and incentive reportable compensation$23,722.00    
Other reportable compensation from org$115.00    
Retirement and other deferred compensation$10,460.00    
Nontaxable benefits from org$633.00    
Compensation from org previously reported as deferred$0.00    
Other comp, non-reportable, from org and related orgs$11,093.00    
Sum of all compensation from org$220,408.00    
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00    
Kennison, Glenn
Title VP-CREDIT RISK MBMTVP - Credit Risk Management  
Name of key/compensated person GLENN KENNISONGlenn Kennison  
Position of compensated person
Highest compensated employees (>$100k) TrueTrue  
Average hours per week working for org 40.0040.00  
Reportable compensation from org $178,250.00$147,949.00  
Breakdown of reportable comp
Base reportable compensation from org $143,731.00$135,938.00  
Bonus and incentive reportable compensation $33,907.00$12,011.00  
Other reportable compensation from org $612.00   
Retirement and other deferred compensation $8,416.00$6,761.00  
Nontaxable benefits from org $6,549.00$6,515.00  
Compensation from org previously reported as deferred $0.00   
Other comp, non-reportable, from org and related orgs $14,965.00$13,276.00  
Sum of all compensation from org $193,215.00$161,225.00  
Corresponding comp from related orgs
Reportable compensation from related orgs  $0.00$0.00  
Average hours per week working for related orgs  0.00  
McDonough, Jennifer
TitleSECRETARYSECRETARYSecretarySecretarySecretary
Name of key/compensated personJENNIFER MCDONOUGHJENNIFER MCDONOUGHJennifer McDonoughJennifer McDonoughJennifer McDonough
Position of compensated person
Average hours per week working for org10.0010.0010.0010.0010.00
Reportable compensation from org$19,200.00$16,380.00$20,450.00$14,800.00$10,636.00
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00$0.00$0.00
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00$0.00$0.00
Average hours per week working for related orgs  0.000.00 
Nohelty, Peter
TitleEVP-CHIEF TECHNOLOGY OFFICEVP-CHIEF TECHNOLOGY OFFICEREVP - Chief Technology Office  
Name of key/compensated personPETER NOHELTYPETER NOHELTYPeter Nohelty  
Position of compensated person
Average hours per week working for org40.0040.0040.00  
Reportable compensation from org$219,494.00$196,083.00$135,915.00  
Breakdown of reportable comp
Base reportable compensation from org$156,221.00$146,183.00$135,905.00  
Bonus and incentive reportable compensation$60,840.00$47,262.00$10.00  
Other reportable compensation from org$2,433.00$2,638.00   
Retirement and other deferred compensation$10,951.00$10,256.00$3,654.00  
Nontaxable benefits from org$18,238.00$16,675.00$14,081.00  
Compensation from org previously reported as deferred$0.00$0.00   
Other comp, non-reportable, from org and related orgs$29,189.00$26,931.00$17,735.00  
Sum of all compensation from org$248,683.00$223,014.00$153,650.00  
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00  
Average hours per week working for related orgs  0.00  
Oas-Holmes, Barbara
Title MORTGAGE LOAN OFFICER Mortgage Loan Officer 
Name of key/compensated person BARBARA OAS-HOLMES Barbara Oas-Holmes 
Position of compensated person
Highest compensated employees (>$100k) True   
Average hours per week working for org 40.00 0.00 
Reportable compensation from org $184,587.00 $163,683.00 
Breakdown of reportable comp
Base reportable compensation from org $170,063.00 $160,858.00 
Bonus and incentive reportable compensation $13,405.00 $2,825.00 
Other reportable compensation from org $1,119.00   
Retirement and other deferred compensation $9,609.00 $8,508.00 
Nontaxable benefits from org $12,381.00 $12,231.00 
Compensation from org previously reported as deferred $0.00   
Other comp, non-reportable, from org and related orgs $21,990.00 $20,739.00 
Sum of all compensation from org $206,577.00 $184,422.00 
Corresponding comp from related orgs
Reportable compensation from related orgs  $0.00 $0.00 
Average hours per week working for related orgs   0.00 
Olson, Doug
Title CHAIRChairChairChair
Name of key/compensated person DOUG OLSONDoug OlsonDoug OlsonDoug Olson
Position of compensated person
Average hours per week working for org 10.0010.0010.0010.00
Reportable compensation from org $27,195.00$25,900.00$26,200.00$23,944.00
Other comp, non-reportable, from org and related orgs $0.00$0.00$0.00$0.00
Corresponding comp from related orgs
Reportable compensation from related orgs  $0.00$0.00$0.00$0.00
Average hours per week working for related orgs  0.000.00 
Olson, Douglas
TitleCHAIRMAN    
Name of key/compensated personDOUGLAS OLSON    
Position of compensated person
Average hours per week working for org10.00    
Reportable compensation from org$28,680.00    
Other comp, non-reportable, from org and related orgs$0.00    
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00    
Pereira, Rodolfo
TitleCEO/PRESIDENTCEO/PRESIDENT   
Name of key/compensated personRODOLFO PEREIRARODOLFO PEREIRA   
Position of compensated person
Average hours per week working for org40.0040.00   
Reportable compensation from org$748,026.00$625,863.00   
Breakdown of reportable comp
Base reportable compensation from org$533,961.00$532,693.00   
Bonus and incentive reportable compensation$201,295.00$80,138.00   
Other reportable compensation from org$12,770.00$13,032.00   
Retirement and other deferred compensation$588,939.00$548,680.00   
Nontaxable benefits from org$18,334.00$16,792.00   
Compensation from org previously reported as deferred$0.00$0.00   
Other comp, non-reportable, from org and related orgs$607,273.00$565,472.00   
Sum of all compensation from org$1,355,299.00$1,191,335.00   
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00   
Pereira, Rudy
Title  CEOPresidentCEOPresidentCEOPresident
Name of key/compensated person  Rudy PereiraRudy PereiraRudy Pereira
Position of compensated person
Average hours per week working for org  40.0040.0040.00
Reportable compensation from org  $1,029,882.00$919,781.00$473,403.00
Breakdown of reportable comp
Base reportable compensation from org  $476,313.00$462,894.00$447,898.00
Bonus and incentive reportable compensation  $60,895.00$81.00$25,505.00
Other reportable compensation from org  $492,674.00$456,806.00 
Retirement and other deferred compensation  $13,000.00$17,500.00$431,518.00
Nontaxable benefits from org  $16,193.00$15,378.00$13,132.00
Other comp, non-reportable, from org and related orgs  $29,193.00$32,878.00$444,650.00
Sum of all compensation from org  $1,059,075.00$952,659.00$918,053.00
Corresponding comp from related orgs
Reportable compensation from related orgs   $0.00$0.00$0.00
Average hours per week working for related orgs  0.000.00 
Riechers, Brandon
TitleEVP-CLOEVP-CLOEVP-CLOEVP-CLOEVP-CLO
Name of key/compensated personBRANDON RIECHERSBRANDON RIECHERSBrandon RiechersBrandon RiechersBrandon Riechers
Position of compensated person
Average hours per week working for org40.0040.0040.0040.0040.00
Reportable compensation from org$252,823.00$239,931.00$192,592.00$169,839.00$163,314.00
Breakdown of reportable comp
Base reportable compensation from org$181,573.00$183,629.00$172,292.00$166,361.00$143,353.00
Bonus and incentive reportable compensation$70,970.00$56,014.00$17,027.00$456.00$19,961.00
Other reportable compensation from org$280.00$288.00$3,273.00$3,022.00 
Retirement and other deferred compensation$16,478.00$15,547.00$9,478.00$8,343.00$10,955.00
Nontaxable benefits from org$1,761.00$901.00$1,577.00$1,723.00$1,485.00
Compensation from org previously reported as deferred$0.00$0.00   
Other comp, non-reportable, from org and related orgs$18,239.00$16,448.00$11,055.00$10,066.00$12,440.00
Sum of all compensation from org$271,062.00$256,379.00$203,647.00$179,905.00$175,754.00
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00$0.00$0.00
Average hours per week working for related orgs  0.000.00 
Risberg, Rachel
Title  Former EVP-Member ExperienceEVP-Member ExperienceEVP-Member Experience
Name of key/compensated person  Rachel RisbergRachel RisbergRachel Risberg
Position of compensated person
Average hours per week working for org  40.0040.0040.00
Reportable compensation from org  $383,438.00$220,158.00$159,508.00
Breakdown of reportable comp
Base reportable compensation from org  $127,409.00$177,186.00$159,098.00
Bonus and incentive reportable compensation  $17,007.00$17,370.00$410.00
Other reportable compensation from org  $239,022.00$25,602.00 
Retirement and other deferred compensation  $7,234.00$9,552.00$24,919.00
Nontaxable benefits from org  $1,008.00$1,703.00$1,651.00
Other comp, non-reportable, from org and related orgs  $8,242.00$11,255.00$26,570.00
Sum of all compensation from org  $391,680.00$231,413.00$186,078.00
Corresponding comp from related orgs
Reportable compensation from related orgs   $0.00$0.00$0.00
Average hours per week working for related orgs  0.000.00 
Sackett, John
TitleTREASURERTREASURERTreasurerTreasurerTreasurer
Name of key/compensated personJOHN SACKETTJOHN SACKETTJohn SackettJohn SackettJohn Sackett
Position of compensated person
Average hours per week working for org10.0010.0010.0010.0010.00
Reportable compensation from org$24,550.00$21,475.00$15,600.00$19,400.00$17,346.00
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00$0.00$0.00
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00$0.00$0.00
Average hours per week working for related orgs  0.000.00 
Schaefer, Stuart
TitleDIRECTOR    
Name of key/compensated personSTUART SCHAEFER    
Position of compensated person
Average hours per week working for org10.00    
Reportable compensation from org$12,295.00    
Other comp, non-reportable, from org and related orgs$0.00    
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00    
Schafer, Stuart
Title DIRECTORDirectorDirectorDirector
Name of key/compensated person STUART SCHAFERStuart SchaferStuart SchaferStuart Schafer
Position of compensated person
Average hours per week working for org 10.0010.0010.0010.00
Reportable compensation from org $11,710.00$11,950.00$10,600.00$9,103.00
Other comp, non-reportable, from org and related orgs $0.00$0.00$0.00$0.00
Corresponding comp from related orgs
Reportable compensation from related orgs  $0.00$0.00$500.00$0.00
Average hours per week working for related orgs  0.000.00 
Schemm, Rick
Title    Former VP-Human Resources
Name of key/compensated person    Rick Schemm
Position of compensated person
Average hours per week working for org    40.00
Reportable compensation from org    $236,447.00
Breakdown of reportable comp
Base reportable compensation from org    $99,458.00
Bonus and incentive reportable compensation    $4,432.00
Other reportable compensation from org    $132,557.00
Retirement and other deferred compensation    $5,588.00
Nontaxable benefits from org    $11,485.00
Other comp, non-reportable, from org and related orgs    $17,073.00
Sum of all compensation from org    $253,520.00
Corresponding comp from related orgs
Reportable compensation from related orgs     $0.00
Sproul, Jeffrey
TitleMORTGAGE LOAN OFFICERMORTGAGE LOAN OFFICER   
Name of key/compensated personJEFFREY SPROULJEFFREY SPROUL   
Position of compensated person
Highest compensated employees (>$100k)TrueTrue   
Average hours per week working for org40.0040.00   
Reportable compensation from org$267,234.00$185,023.00   
Breakdown of reportable comp
Base reportable compensation from org$238,382.00$171,354.00   
Bonus and incentive reportable compensation$28,542.00$13,337.00   
Other reportable compensation from org$310.00$332.00   
Retirement and other deferred compensation$9,427.00$9,063.00   
Nontaxable benefits from org$837.00$418.00   
Compensation from org previously reported as deferred$0.00$0.00   
Other comp, non-reportable, from org and related orgs$10,264.00$9,481.00   
Sum of all compensation from org$277,498.00$194,504.00   
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00   
Thoe, David
TitleVP-BUSINESS LENDING MANAGER    
Name of key/compensated personDAVID THOE    
Position of compensated person
Highest compensated employees (>$100k)True    
Average hours per week working for org40.00    
Reportable compensation from org$203,411.00    
Breakdown of reportable comp
Base reportable compensation from org$157,268.00    
Bonus and incentive reportable compensation$44,288.00    
Other reportable compensation from org$1,855.00    
Retirement and other deferred compensation$9,791.00    
Nontaxable benefits from org$17,547.00    
Compensation from org previously reported as deferred$0.00    
Other comp, non-reportable, from org and related orgs$27,338.00    
Sum of all compensation from org$230,749.00    
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00    
Watts, James
Title    Former EVP-CIO
Name of key/compensated person    James Watts
Position of compensated person
Average hours per week working for org    40.00
Reportable compensation from org    $193,723.00
Breakdown of reportable comp
Base reportable compensation from org    $124,293.00
Bonus and incentive reportable compensation    $5.00
Other reportable compensation from org    $69,425.00
Retirement and other deferred compensation    $6,586.00
Nontaxable benefits from org    $8,347.00
Other comp, non-reportable, from org and related orgs    $14,933.00
Sum of all compensation from org    $208,656.00
Corresponding comp from related orgs
Reportable compensation from related orgs     $0.00
Willer, Mark
Title  Former SVP - Small Business SFormer SVP-Business Services 
Name of key/compensated person  Mark WillerMark Willer 
Position of compensated person
Average hours per week working for org  0.0040.00 
Reportable compensation from org  $84,562.00$444,146.00 
Breakdown of reportable comp
Base reportable compensation from org   $168,370.00 
Bonus and incentive reportable compensation   $15,776.00 
Other reportable compensation from org  $84,562.00$260,000.00 
Retirement and other deferred compensation   $9,446.00 
Nontaxable benefits from org   $9,261.00 
Other comp, non-reportable, from org and related orgs  $0.00$18,707.00 
Sum of all compensation from org  $84,562.00$462,853.00 
Corresponding comp from related orgs
Reportable compensation from related orgs   $0.00$0.00 
Average hours per week working for related orgs  0.000.00 
Purpose: mission, activities, & accomplishments
Mission or significant activitiesTO CREATE A POSITIVE IMPACT IN THE LIVES WE TOUCH.TO CREATE A POSITIVE IMPACT IN THE LIVES WE TOUCH.To create a positive impact in the lives we touch.To create a positive impact in the lives we touch.RCU is committed to provide friendly, accurate, and prompt financial services to our Members. Royal Credit Union9s purpose statement is: to create a positive impact in the lives we touch
Programs, including revenue & expenses
WE FUNDED 34,266 LOANS DURING 2016. AS OF 12/31/16, WE HAD 23,298 MORTGAGES/HOME EQUITY, 91,415 CONSUMER LOANS AND 2,425 MEMBER BUSINESS LOANS. WE ALSO HAD 66,547 CREDIT CARD ACCOUNTS WITH OUR MEMBERS AT 12/31/16.
Program descriptionWE FUNDED 34,266 LOANS DURING 2016. AS OF 12/31/16, WE HAD 23,298 MORTGAGES/HOME EQUITY, 91,415 CONSUMER LOANS AND 2,425 MEMBER BUSINESS LOANS. WE ALSO HAD 66,547 CREDIT CARD ACCOUNTS WITH OUR MEMBERS AT 12/31/16.WE FUNDED 29,615 LOANS DURING 2015. AS OF 12/31/15, WE HAD 22,956 MORTGAGES/HOME EQUITY, 82,771 CONSUMER LOANS AND 2,146 MEMBER BUSINESS LOANS. WE ALSO HAD 46,155 CREDIT CARD ACCOUNTS WITH OUR MEMBERS AT 12/31/15.We funded 28,319 loans during 2014. As of 12/31/14, we had 22,701 mortgages/home equity, 77,298 consumer loans and 1,830 member business loans. We also had 43,611 credit card accounts with our members at 12/31.We funded 28,716 loans during 2013. As of 12/31/13, we had 22,502 mortgages/home equity, 71,894 consumer loans and 1,575 member business loans. We also had 38,778 credit card accounts with our members at 12/31.We funded 27,430 loans during 2012. As of 12/31/12, we had 22,271 mortgages/home equity, 66,356 consumer loans and 1,455 member business loans. We also had 35,201 credit card accounts with our members at 12/31.
WE HAVE DEPOSIT, TRANSACTION, AND INVESTMENT ACCOUNTS WITH 180,346 MEMBERS AT 12/31/16. DURING 2016, WE OPENED 48,232 NEW DEPOSIT, TRANSACTION AND INVESTMENT ACCOUNTS.
Program descriptionWE HAVE DEPOSIT, TRANSACTION, AND INVESTMENT ACCOUNTS WITH 180,346 MEMBERS AT 12/31/16. DURING 2016, WE OPENED 48,232 NEW DEPOSIT, TRANSACTION AND INVESTMENT ACCOUNTS.WE HAVE DEPOSIT, TRANSACTION, AND INVESTMENT ACCOUNTS WITH 167,040 MEMBERS AT 12/31/15. DURING 2015, WE OPENED 37,657 NEW DEPOSIT, TRANSACTION AND INVESTMENT ACCOUNTS.We have deposit, transaction, and investment accounts with 158,991 members at 12/31/14. During 2014, we opened 36,512 new deposit, transaction and investment accounts.We have deposit, transaction, and investment accounts with 151,469 members at 12/31/13. During 2013, we opened 33,408 new deposit, transaction and investment accounts.We have deposit, transaction, and investment accounts with 145,648 members at 12/31/12. During 2012, we opened 34,982 new deposit, transaction and investment accounts.
Financial data
Revenue
Total revenue$99,470,902.00$91,590,327.00$86,490,835.00$99,897,310.00$98,042,191.00
Revenue from contributions (total)    $0.00
Investment income, current yr$2,941,941.00$4,383,106.00$651,613.00$2,222,967.00$586,215.00
Total revenue from grants, etc., current yr$0.00$0.00$0.00$0.00$0.00
Total unrelated business revenue$196,345.00$230,723.00$229,582.00$117,599.00$91,401.00
Other revenue, current yr$0.00$0.00$0.00$0.00$0.00
Net unrelated business taxable revenue-$14,191.00$0.00$0.00$0.00-$27,409.00
Program service revenue (total)$96,528,961.00$87,207,221.00$85,839,222.00$97,674,343.00$97,455,976.00
Gross receipts$105,950,839.00$343,528,166.00$86,948,358.00$103,456,909.00$98,044,023.00
Other types of revenue
Income from dividends, interest, and similar investments$2,056,787.00$465,972.00$1,105,141.00$1,688,944.00$585,516.00
Net rental income    $0.00
Expense categories (totals)
Total functional expenses: sum of all$79,519,580.00$72,465,279.00$70,083,794.00$69,290,881.00$81,587,128.00
Total functional expenses: program service   $0.00$0.00$0.00
Total functional expenses: management and general  $0.00$0.00$0.00
Total functional expenses: fundraising  $0.00$0.00$0.00
Fees for services
Legal fees (total) $1,107,309.00$1,200,527.00$1,193,753.00$1,942,568.00
Fundraising service fees (total)$0.00$0.00$0.00$0.00$0.00
Assets and liabilities
Total assets$2,025,441,909.00$1,711,373,153.00$1,543,001,886.00$1,392,362,366.00$1,295,129,210.00
Total assets, beginning of year$1,711,373,153.00$1,543,001,886.00$1,392,362,366.00$1,295,129,210.00$1,270,785,081.00
Total liabilities$1,813,851,175.00$1,519,733,740.00$1,370,487,521.00$1,236,658,384.00$1,170,031,657.00
Total liabilities, beginning of year$1,519,733,740.00$1,370,487,521.00$1,236,658,384.00$1,170,031,657.00$1,162,142,591.00
Net assets$211,590,734.00$191,639,413.00$172,514,365.00$155,703,982.00$125,097,553.00
Net assets, beginning of year$191,639,413.00$172,514,365.00$155,703,982.00$125,097,553.00$108,642,490.00
Other liabilities$1,766,961,611.00$1,493,906,562.00$1,354,548,548.00$1,214,988,560.00$1,150,030,432.00
Intangible assets$12,698,391.00$9,044,274.00$9,456,560.00$9,868,847.00$10,281,134.00
Other assets$50,638,082.00$42,985,767.00$25,868,400.00$29,593,638.00$26,154,451.00
Investments: other securities$7,006,506.00$14,044,209.00$11,002,368.00$700.00$701.00
Cash: non-interest bearing$161,996,406.00$81,409,066.00$24,676,067.00$100,463,127.00$64,700,691.00
Cash: non-interest bearing, beginning of year$81,409,066.00$24,676,067.00$100,463,127.00$64,700,691.00$29,451,352.00
Investments -- program-related$22,786,777.00$24,153,693.00$23,212,764.00$22,228,906.00$22,151,418.00
Other financial variables
Revenue less expenses$19,951,322.00$19,125,048.00$16,407,041.00$30,606,429.00$16,455,063.00
Advertising (total)$2,314,597.00$2,438,023.00$2,890,745.00$2,342,921.00$2,421,640.00
Savings & temp cash investment$18,164,621.00$21,646,000.00$38,094,684.00$32,477,640.00$13,769,111.00
Accounts receivable, net$22,223,329.00$5,305,009.00$6,205,606.00$2,856,877.00$14,816,069.00
Prepaid expenses & deferred charges$7,659,261.00$5,709,677.00$3,947,418.00$3,407,364.00$2,612,290.00
Accounts payable & accrued expenses$46,869,536.00$25,827,178.00$15,938,973.00$21,669,824.00$20,001,225.00
Secured mortgages and notes payable$20,028.00    
Total net assets or fund balances$211,590,734.00$191,639,413.00$172,514,365.00$155,703,982.00$125,097,553.00
Depreciation, depletion, amortization$2,695,265.00$2,657,002.00$3,338,738.00$3,413,070.00$3,788,405.00
Payment to affiliates  $205,675.00$196,437.00$183,709.00
Governance and accountability
Number of voting members77777
Number of independent voting members77777
Financial sheets auditedTrueTrueTrueTrueTrue
Audit on consolidated basis   True 
Accrual accountingTrueTrueTrueTrueTrue
Tax year start date2016-01-012015-01-012014-01-012013-01-012012-01-01
Tax year end date2016-12-012015-12-012014-12-012013-12-012012-12-01
Indicators for schedules (selected)
Grants to domestic org/gov't >$5kTrueTrue   
Org has controlled entityTrueTrue   
Org transacted with controlled entityTrueTrue   
Metadata about the filing
E-return type: 990, 990EZ, or 990PF990990990990990
Reason for form submission
Address change True   
Amended returnTrue    
Date e-filing submitted2018-01-092017-02-222015-09-182014-12-102013-12-13
IRS schema version2016v3.02015v2.12014v5.02013v3.12012v2.1
Filing identifier201723479349300917201603149349303100201532259349303958201423169349305267201342269349303654
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