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Nonprofiteer
← ROYAL CREDIT UNION

Form 990 for tax year 2023

Filed by ROYAL CREDIT UNION.

Totals

Total revenue
$299,976,577
Total expenses
$258,380,438
Contributions and grants received
$0
Grants paid
$2,096,487
Program services expenses (Part IX)
not reported
Management and general expenses
not reported
Fundraising expenses
not reported
Program service expenses (Part III)
not reported

Listed in Part VII

  • DOUG OLSON

    TREASURER

    Total calculated
    $33,000
    From this org
    $33,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    10

  • JOHN SACKETT

    ASSISTANT SECRETARY

    Total calculated
    $28,000
    From this org
    $28,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    10

  • STUART SCHAEFER

    VICE CHAIRPERSON

    Total calculated
    $27,000
    From this org
    $27,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    10

  • JENNIFER MCDONOUGH

    SECRETARY

    Total calculated
    $26,500
    From this org
    $26,500
    From related orgs
    $0
    Other
    $0
    Hours/week
    10

  • WILLIAM BLACKBURN

    ASSISTANT VICE CHAIRPERSON

    Total calculated
    $25,500
    From this org
    $25,500
    From related orgs
    $0
    Other
    $0
    Hours/week
    10

  • NANCY BELTZ

    ASSISTANT TREASURER

    Total calculated
    $21,500
    From this org
    $21,500
    From related orgs
    $0
    Other
    $0
    Hours/week
    10

  • THOMAS HUFFCUTT

    CHAIRPERSON

    Total calculated
    $41,500
    From this org
    $41,500
    From related orgs
    $0
    Other
    $0
    Hours/week
    10

  • BRANDON RIECHERS

    CEO/PRESIDENT

    Total calculated
    $1,808,251
    From this org
    $1,060,776
    From related orgs
    $0
    Other
    $747,475
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $811,219
    Bonus
    $249,557
    Other
    $0
    Deferred
    $691,749
    Nontaxable benefits
    $55,726
    Filer's total
    $1,808,251

  • PAMELA HALLER

    EVP-CHIEF DIGITAL EXPERIEN

    Total calculated
    $819,433
    From this org
    $682,899
    From related orgs
    $0
    Other
    $136,534
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $323,896
    Bonus
    $159,003
    Other
    $200,000
    Deferred
    $102,043
    Nontaxable benefits
    $34,491
    Filer's total
    $819,433

  • ADAM KINNARD

    EVP-CHIEF TECHNOLOGY OFFIC

    Total calculated
    $809,546
    From this org
    $622,999
    From related orgs
    $0
    Other
    $186,547
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $295,232
    Bonus
    $127,767
    Other
    $200,000
    Deferred
    $142,509
    Nontaxable benefits
    $44,038
    Filer's total
    $809,546

  • MICHAEL DILL

    EVP-CHIEF LENDING OFFICER

    Total calculated
    $726,278
    From this org
    $525,926
    From related orgs
    $0
    Other
    $200,352
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $346,978
    Bonus
    $178,948
    Other
    $0
    Deferred
    $144,142
    Nontaxable benefits
    $56,210
    Filer's total
    $726,278

  • JOSEPH HASTO JR

    EVP-CHIEF FINANCIAL OFFICER

    Total calculated
    $512,940
    From this org
    $430,561
    From related orgs
    $0
    Other
    $82,379
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $366,898
    Bonus
    $63,663
    Other
    $0
    Deferred
    $14,384
    Nontaxable benefits
    $67,995
    Filer's total
    $512,940

  • GRANT BEARDSLEY

    EVP-CHIEF LEGAL OFFICER

    Total calculated
    $473,250
    From this org
    $417,875
    From related orgs
    $0
    Other
    $55,375
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $306,219
    Bonus
    $111,656
    Other
    $0
    Deferred
    $16,500
    Nontaxable benefits
    $38,875
    Filer's total
    $473,250

  • JAN JOHNSON

    EVP-ORGANIZATIONAL AGILITY

    Total calculated
    $386,255
    From this org
    $359,402
    From related orgs
    $0
    Other
    $26,853
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $152,111
    Bonus
    $207,291
    Other
    $0
    Deferred
    $11,795
    Nontaxable benefits
    $15,058
    Filer's total
    $386,255

  • LAURA CAMPBELL

    EVP-CHIEF PEOPLE OFFICER

    Total calculated
    $118,073
    From this org
    $113,106
    From related orgs
    $0
    Other
    $4,967
    Hours/week
    40

  • MICHELLE ROBINSON

    MORTGAGE SALES MANAGER

    Total calculated
    $657,402
    From this org
    $597,110
    From related orgs
    $0
    Other
    $60,292
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $597,110
    Bonus
    $0
    Other
    $0
    Deferred
    $5,981
    Nontaxable benefits
    $54,311
    Filer's total
    $657,402

  • DEREK LODERMEIER

    MORTGAGE LOAN OFFICER

    Total calculated
    $558,841
    From this org
    $525,427
    From related orgs
    $0
    Other
    $33,414
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $525,427
    Bonus
    $0
    Other
    $0
    Deferred
    $10,946
    Nontaxable benefits
    $22,468
    Filer's total
    $558,841

  • JOSEPH BYDZOVSKY

    MORTGAGE LOAN OFFICER

    Total calculated
    $524,413
    From this org
    $448,418
    From related orgs
    $0
    Other
    $75,995
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $448,418
    Bonus
    $0
    Other
    $0
    Deferred
    $16,500
    Nontaxable benefits
    $59,495
    Filer's total
    $524,413

  • JARED JOHNSON

    MORTGAGE LOAN OFFICER

    Total calculated
    $478,771
    From this org
    $411,603
    From related orgs
    $0
    Other
    $67,168
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $145,690
    Bonus
    $265,913
    Other
    $0
    Deferred
    $11,113
    Nontaxable benefits
    $56,055
    Filer's total
    $478,771

  • GLEN KENNISON

    VP-CREDIT RISK MANAGEMENT

    Total calculated
    $425,175
    From this org
    $387,007
    From related orgs
    $0
    Other
    $38,168
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $295,687
    Bonus
    $91,320
    Other
    $0
    Deferred
    $13,750
    Nontaxable benefits
    $24,418
    Filer's total
    $425,175

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Compensation committee
  • 3 · Independent compensation consultant
  • 3 · Written employment contract
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 4b · Supplemental nonqualified retirement plan

Answered no

  • 4a · Severance or change-of-control payment
  • 4c · Equity-based compensation arrangement

The filer's explanations (Part III)

PART I, LINE 3
ROYAL CREDIT UNION'S BOARD UTILIZES VARIOUS SALARY SURVEYS AND AN OUTSIDE CONSULTANT TO DETERMINE COMPENSATION FOR THE CEO.
PART I, LINE 4B
PAMELA HALLER - PARTICIPATED IN 457-F PLAN - $200,000 DISTRIBUTION IN 2023, $90,554 DEFERRED ADAM KINNARD - PARTICIPATED IN 457-F PLAN - $200,000 DISTRIBUTION IN 2023, $128,391 DEFERRED MICHAEL DILL - PARTICIPATED IN 457-F PLAN - NO DISTRIBUTIONS, $132,340 DEFERRED BRANDON RIECHERS - PARTICIPATED IN 457-F PLAN - NO DISTRIBUTIONS $675,249 DEFERRED

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

  • RCU FOUNDATION INC

    501(C)(3) · CHARITABLE FOUNDATION TO BENEFIT THE COMMUNITIES ROYAL CREDIT UNION SERVES · WI · controlled entity

    Directly controlled by ROYAL CREDIT UNION

Provenance

Return type
form_990
Tax year
2023
Filed
14 November 2024
IRS schema version
2023v5.1
Source object
202403199349317080

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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