Royal Credit Union
To create a positive impact in the lives we touch.
Royal Credit Union at a glance
In short: Royal Credit Union gave $2.0M across 9 grants in 2024 (avg $226K), mostly in Wisconsin. Source: 2024 IRS Form 990.
- Annual giving (2024)
- $2,033,128
- +3.2% vs 2023
- Grants made (2024)
- 9
- +12.5% vs 2023
- Average grant
- $225,903
- -8.3% vs 2023
- Median grant
- $10,000
- Total assets
- $5,329,096,009
- +2.9% vs 2023
- Primary geography
- Wisconsin (99% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990, 2024 View filing
Data from IRS Form 990, 2024; updated September 2026.
Who Royal Credit Union funds
How this funder distributes its grants
Top Recipients
Top 9 recipients in 2024
The largest 2024 recipient was RCU Foundation Inc ($1.9M). Together the top 9 received $2.0M.
Grant Size Distribution
46 grants across all recorded years
The most common grant size was under $50K: 44 grants of 46 (96%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2024 grant dollars across all 9 itemized grants.
Cities
How Royal Credit Union gives
- Giving grew 4373% from 2021 to 2024. Method
From the foundation's IRS Form 990 filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2024, annual grant giving ranged from $45K (2021) to $2.0M (2024). In 2024 it made 9 grants totaling $2.0M.
Grants by year
Grant recipients and amounts by year
| 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 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Net Investment Income |
|---|---|---|---|---|---|---|
| 2024 | $5,329,096,009 | $373,611,288 | $323,800,255 | $2,033,128 | 9 | $41,339,322 |
| 2023 | $5,178,101,427 | $299,976,577 | $258,380,438 | $1,970,500 | 8 | $27,792,141 |
| 2022 | $4,552,578,835 | $198,876,123 | $159,344,082 | $101,850 | 10 | $6,698,399 |
| 2021 | $4,046,275,359 | $185,328,498 | $120,388,667 | $45,450 | 4 | $5,862,199 |
| 2020 | $3,465,269,366 | $170,100,476 | $141,594,596 | $114,500 | 15 | $4,114,175 |
About Royal Credit Union
Based on IRS filings
Royal Credit Union is a public charity, 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.
Leadership & Key People
Officers and directors from IRS filings
Royal Credit Union is led by Brandon Riechers, CEO & President on every filing since 2020; all 19 officers listed in 2024 are compensated.
Officers on the 2024 filing
Brandon Riechers
CEO & President
On filings since 2020
40 hrs/week
$761K (2020) → $1.2M (2024)
Thomas Huffcutt
Chairperson
Treasurer → Chairman, 2021
Chairman → Chairperson, 2023
On filings since 2020
10 hrs/week
$24K (2020) → $44K (2024)
John Sackett
Director
Assistant Vice Chairperson → Assistant Secretary, 2021
Assistant Secretary → Director, 2024
On filings since 2020
10 hrs/week
$19K (2020) → $29K (2024)
Nancy Beltz
Director
Assistant Treasurer → Director, 2024
On filings since 2020
10 hrs/week
$14K (2020) → $23K (2024)
Douglas Olson
Director
New on the 2024 filing
10 hrs/week
$35K (2024)
Adam Kinnard
Evp-Chief Technology Officer
On filings since 2020
40 hrs/week
$269K (2020) → $434K (2024)
Jared Johnson
Mortgage Loan Officer
On filings since 2020
40 hrs/week
$599K (2020) → $467K (2024)
Jennifer McDonough
Secretary
On filings since 2020
10 hrs/week
$18K (2020) → $28K (2024)
Michael Dill
Evp-Chief Lending Officer
On filings since 2020
40 hrs/week
$353K (2020) → $495K (2024)
Pamela Haller
Evp-Chief Experience & Marketing Officer
Evp-Chief Digital Experience & Marketing Officer → Evp-Chief Digital Experien, 2021
Evp-Chief Digital Experien → Evp-Chief Experience & Marketing Officer, 2024
On filings since 2020
40 hrs/week
$293K (2020) → $473K (2024)
Stuart Schaefer
Vice Chairperson
Vice Chairperson → Vice Chairman, 2021
Vice Chairman → Vice Chairperson, 2023
On filings since 2020
10 hrs/week
$16K (2020) → $28K (2024)
William Blackburn
Treasurer
Assistant Vice Chairman → Assistant Vice Chairperson, 2023
Assistant Vice Chairperson → Treasurer, 2024
On filings since 2020
10 hrs/week
$16K (2020) → $26K (2024)
Grant Beardsley
Evp-Chief Legal Officer
On filings since 2022
40 hrs/week
$276K (2022) → $451K (2024)
Joseph Hasto Jr.
Evp-Chief Financial Officer
On filings since 2022
40 hrs/week
$171K (2022) → $466K (2024)
Derek Lodermeier
Mortgage Loan Officer - Lam
Mortgage Loan Officer → Mortgage Loan Officer - Lam, 2024
On filings since 2023
40 hrs/week
$525K (2023) → $667K (2024)
Laura Campbell
Evp-Chief People Officer
On filings since 2023
40 hrs/week
$113K (2023) → $352K (2024)
Michelle Robinson
Mortgage Sales Manager - Lam
Mortgage Sales Manager → Mortgage Sales Manager - Lam, 2024
On filings since 2023
40 hrs/week
$597K (2023) → $777K (2024)
Chao Vang
Mortgage Loan Officer - Lam
New on the 2024 filing
40 hrs/week
$430K (2024)
Marco Rodiles
Mortgage Loan Officer - Lam
New on the 2024 filing
40 hrs/week
$475K (2024)
Former officers (13)
- Former: Doug Olson (2020–2023) — Treasurer
- Former: Jan Johnson (2020–2023) — Evp-Organizational Agility
- Former: Glen Kennison (2022–2023) — Vp-Credit Risk Management
- Former: Joseph Bydzovsky (2023) — Mortgage Loan Officer
- Former: Geoffrey Bullock (2020–2022) — Executive Vice President - Member Experience
- Former: Jeffrey Sproul (2020–2022) — Mortgage Loan Officer
- Former: Jon Hehli (2020–2022) — Evp-Chief Financial Officer
- Former: Matthew Gerber (2022) — Vp-Mortgage Lending
- Former: Ryan Balts (2022) — Vp-Finance
- Former: Barbara Oas-Holmes (2020–2021) — Mortgage Loan Officer
- Former: Jacob Spies (2020–2021) — Regional Mortgage Sales Ma
- Former: Mark Erickson (2020–2021) — Mortgage Loan Officer
- Former: Amy Forcier-Pabst (2020) — Evp-Member Experience
Data from IRS Form 990 filings, 2020–2024. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2024 IRS filing
The highest reported compensation on the 2024 filing was $1.2M, to Brandon Riechers (CEO/President). 19 officers or directors reported compensation on that filing.
Frequently asked questions about Royal Credit Union
How much does Royal Credit Union give each year?
Royal Credit Union gave $2.0M across 9 grants in 2024, according to its 2024 IRS Form 990. In 2023 it gave $2.0M across 8 grants.
What is Royal Credit Union's typical grant size?
Royal Credit Union's median grant in 2024 was $10,000, and its average grant was $225,903, across 9 grants on its 2024 IRS Form 990.
Where does Royal Credit Union give grants?
Royal Credit Union gives mostly in Wisconsin: 99% of the grant dollars itemized on its 2024 IRS Form 990 went to recipients there. The most frequent recipient cities were Eau Claire, WI (7 grants).
Does Royal Credit Union give general operating support?
Not in 2024: none of the 9 grants with a stated purpose on Royal Credit Union's 2024 IRS Form 990 were described as general or operating support. Recurring purposes include "Annual Support" (3 grants).
Who are Royal Credit Union's largest grantees?
Royal Credit Union's largest 2024 grantees include RCU Foundation Inc ($1,949,628), Greater Twin Cities United Way ($21,000) and National Credit Union Foundation ($13,750), according to its 2024 IRS Form 990. Together they received 98% of its itemized 2024 grant dollars.
How large is Royal Credit Union?
Royal Credit Union reported $5.3B in total assets on its 2024 IRS Form 990. Its revenue that year was $373.6M.
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.
Data last updated September 2026. Sourced from IRS Form 990 filings.
Data update history
(6)
When this profile's IRS filing data changed on Grantable
- Updated Form 990 for fiscal year 2020 (received by the IRS November 12, 2021)
- Updated Form 990 for fiscal year 2021 (received by the IRS November 15, 2022)
- Updated Form 990 for fiscal year 2022 (received by the IRS November 15, 2023)
- Updated Form 990 for fiscal year 2023 (received by the IRS November 14, 2024)
- Updated Form 990 for fiscal year 2024 (received by the IRS November 6, 2025)
- IRS filings on file for fiscal years 2020–2024
Explore Open Grants
Browse active grant opportunities in Royal Credit Union's focus areas in our free grants database
Similar Funders
Funders that support many of the same organizations
Otto Bremer Trust
St. Paul, MN
The Otto Bremer Trust funds organizations and projects addressing community needs and opportunities, including health care and social services, in Minnesota, Montana, North Dakota, and Wisconsin. In 2025, grants ranged from $3,500 to $4.2 million, with a median of $150,000. It does not accept unsolicited requests or direct grant applications; Community Responsive Fund grants are offered through selected intermediaries.
Assets
$1.4B
Grants
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Total Given
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Eau Claire Community Foundation
Eau Claire, WI
The Eau Claire Community Foundation funds nonprofits serving Eau Claire and the surrounding area in arts and culture, education, environment and recreation, and social services and related needs, with preference for local organizations. Its 2024 itemized grants had a median of about $14,500, though awards ranged from about $5,000 to $201,000; the profile does not state whether it accepts unsolicited requests.
Assets
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Grants
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Total Given
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Andersen Corporate Foundation
Bayport, MN
Andersen Corporate Foundation funds community organizations addressing needs such as housing, science education, food access, youth development, and health, with most grant dollars going to Minnesota and additional support in Wisconsin and Iowa. Its 2024 grants ranged from $2,500 to $250,000, with a median award of $10,000. It accepts applications through an online process, with annual application periods listed as March 1–31 and August 1–31.
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Annmarie Foundation Inc
Medford, WI
The foundation funded schools and nonprofits for educational, humanitarian, cultural, and recreational activities, with priority for education and hands-on STEAM projects, in Wisconsin communities connected to Phillips Plastics Corporation employees. Typical grants were around $2,000, though amounts varied widely; its 2024 IRS filing marked its final return and transferred its remaining assets, so current grantmaking is unclear. Its website describes an application process, but the information does not confirm that it currently accepts unsolicited requests.
Assets
—
Grants
72
Total Given
$11.1M
RCU Foundation Inc
Eau Claire, WI
RCU Foundation funds capital projects in arts, education, and health in communities served by Royal Credit Union across western Wisconsin and eastern Minnesota. Its 2024 grants ranged from $5,000 to $230,000, with a median of $87,500. Although its website describes a support-request process, its 2024 filing says it gives only to preselected organizations and does not accept unsolicited requests.
Assets
$6.9M
Grants
14
Total Given
$1.3M
Enterprise Holdings Foundation
Saint Louis, MO
The Enterprise Holdings Foundation supports charitable and educational nonprofits in communities where Enterprise Mobility operates, focusing on health, education, arts, and disaster relief; applicants must be actively supported by an Enterprise Mobility team member, spouse, or domestic partner. Giving varies widely: it reported 9,499 grants in 2024, but its 2025 filing showed one grant of $101.4 million, so that amount is not a typical award. Applications are accepted at any time through eligible Enterprise-affiliated applicants; the Foundation does not limit giving to preselected organizations.
Assets
$594.3M
Grants
1
Total Given
$101.4M
More similar funders
More Funders in Wisconsin
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