Royal Credit Union
TO CREATE A POSITIVE IMPACT IN THE LIVES WE TOUCH.
Key facts about Royal Credit Union
- EIN
- 39-6072970
- Latest 990 filing
- Form 990-PF, 2024
- Annual giving (2024)
- $2,033,128
- Grants made (2024)
- 9
- Average grant
- $225,903
- Median grant
- $10,000
- Total assets
- $5,329,096,009
- Primary geography
- Wisconsin (99% of itemized 2024 grant dollars)
Data from IRS Form 990-PF, 2024; updated September 2026.
Who Royal Credit Union funds
By grant dollars, the top recipient states for Royal Credit Union's 9 itemized 2024 grants were Wisconsin (99%). The most frequent recipient cities were Eau Claire, WI (7 grants). None of its 9 grants with a stated purpose were described as general or operating support. Recurring purposes include "Annual Support" (3 grants).
How Royal Credit Union gives
- Giving grew 4373% from 2021 to 2024. Method
From the foundation's IRS Form 990-PF filings. Methodology.
Next steps with Royal Credit Union
- How to evaluate Royal Credit Union as a funder
Our grant prospecting guide: read the 990-PF, check fit, and decide whether to apply.
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Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$5.3B
+2.9% YoY
Annual Giving
$2.0M
+3.2% YoY
Grant Count
9
+12.5% YoY
Avg Grant Size
$226K
-8.3% YoY
About Royal Credit Union
Based on IRS filings
Royal Credit Union is a nonprofit organization, based in Eau Claire, WI. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $5.3B in total assets. In 2024, it awarded 9 grants totaling $2.0M. Net investment income was $41.3M.
Ready to take the next step with Royal Credit Union?
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of all 9 itemized 2024 grant dollars.
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $5,329,096,009 | $5,178,101,427 | $4,552,578,835 |
| Revenue | $373,611,288 | $299,976,577 | $198,876,123 |
| Expenses | $323,800,255 | $258,380,438 | $159,344,082 |
| Qualifying Distributions | — | — | — |
| Net Investment Income | $41,339,322 | $27,792,141 | $6,698,399 |
| Distributable Amount | — | — | — |
Data update history
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 9 recipients in 2024
Grant Size Distribution
46 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest recipients include Rcu Foundation Inc ($1,949,628), Greater Twin Cities United Way ($21,000), National Credit Union Foundation ($13,750).
| Recipient | Purpose | Amount |
|---|---|---|
| RCU FOUNDATION INC Eau Claire, WI | ANNUAL SUPPORT | $1,949,628 |
| GREATER TWIN CITIES UNITED WAY Minneapolis, MN | ANNUAL SUPPORT | $21,000 |
| NATIONAL CREDIT UNION FOUNDATION Madison, WI | ANNUAL DONATION AND HERB WEGNER DINNER SUPPORT | $13,750 |
| UNITED WAY OF THE GREATER CHIPPEWA VALLEY Eau Claire, WI | ANNUAL SUPPORT | $10,250 |
| UNIVERSITY OF WISCONSIN - EAU CLAIRE FOUNDATION Eau Claire, WI | VIENNESE BALL SUPPORT | $10,000 |
| FEED MY PEOPLE FOOD BANK Eau Claire, WI | OPERATION PICNIC SUPPORT, EMPTY BOWLS SUPPORT, AND END OF YEAR GIFT | $8,500 |
| CHIPPEWA VALLEY MUSEUM Eau Claire, WI | ANNUAL SUPPORT AND DONATION FOR ROYAL'S 60TH ANNIVERSARY | $8,000 |
| BOYS AND GIRLS CLUB OF GREATER CHIPPEWA VALLEY Eau Claire, WI | ALTOONA EXPANSION SUPPORT | $6,000 |
| CVTC FOUNDATION Eau Claire, WI | DONATION FOR ROYAL'S 60TH ANNIVERSARY | $6,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 IRS filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Thomas Huffcutt | Chairperson | 10 | $43,575 |
| Douglas Olson | Director | 10 | $34,650 |
| John Sackett | Director | 10 | $29,400 |
| Stuart Schaefer | Vice Chairperson | 10 | $28,350 |
| Jennifer McDonough | Secretary | 10 | $28,350 |
| William Blackburn | Treasurer | 10 | $26,250 |
| Nancy Beltz | Director | 10 | $22,575 |
| Brandon Riechers | CEO/President | 40 | $1,159,293 |
| Michael Dill | EVP-Chief Lending Officer | 40 | $494,808 |
| Grant Beardsley | EVP-Chief Legal Officer | 40 | $451,228 |
| Pamela Haller | EVP-Chief Experience and Marketing Officer | 40 | $472,881 |
| Joseph Hasto Jr | EVP-Chief Financial Officer | 40 | $465,673 |
| Adam Kinnard | EVP-Chief Technology Officer | 40 | $434,250 |
| Laura Campbell | EVP-Chief People Officer | 40 | $351,784 |
| Michelle Robinson | Mortgage Sales Manager - Lam | 40 | $776,945 |
| Derek Lodermeier | Mortgage Loan Officer - Lam | 40 | $666,911 |
| Jared Johnson | Mortgage Loan Officer | 40 | $467,101 |
| Chao Vang | Mortgage Loan Officer - Lam | 40 | $430,415 |
| Marco Rodiles | Mortgage Loan Officer - Lam | 40 | $475,326 |
Frequently Asked Questions
How large is Royal Credit Union?
As of 2024, Royal Credit Union holds $5.3B in total assets with $373.6M in annual revenue. It awarded 9 grants totaling $2.0M in 2024.
Where does Royal Credit Union operate?
Royal Credit Union has awarded grants in Minnesota, Wisconsin.
What size grants does Royal Credit Union award?
In 2024, Royal Credit Union awarded 9 grants totaling $2.0M — an average of about $226K per grant, based on its IRS Form 990 filings.
What is Royal Credit Union's EIN?
Royal Credit Union's EIN (Employer Identification Number) is 39-6072970. IRS Form 990 filing data is available on this page for 2020–2024.
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Data last updated September 2026. Sourced from IRS Form 990-PF filings.