Draft:Royal Credit Union
 | Review waiting, please be patient.
This may take 5 weeks or more, since drafts are reviewed in no specific order. There are 2,577 pending submissions waiting for review.
Where to get help
How to improve a draft
You can also browse Wikipedia:Featured articles and Wikipedia:Good articles to find examples of Wikipedia's best writing on topics similar to your proposed article. Improving your odds of a speedy review To improve your odds of a faster review, tag your draft with relevant WikiProject tags using the button below. This will let reviewers know a new draft has been submitted in their area of interest. For instance, if you wrote about a female astronomer, you would want to add the Biography, Astronomy, and Women scientists tags. Editor resources
Reviewer tools
|
| Type | Credit union |
|---|---|
| Founded | April 14, 1964 |
| Headquarters | , United States |
Area served | Western Wisconsin and eastern Minnesota |
| Key people | Brandon Riechers, president and CEO |
| Total assets | US$5.9 billion (March 2026) |
| Members | 339,177 (March 2026) |
| Website | www |
Royal Credit Union is a state-chartered, federally insured credit union headquartered in Eau Claire, Wisconsin. It serves members in western Wisconsin and eastern Minnesota, including the Minneapolis-Saint Paul metropolitan area. In the March 2026 filing cycle, FinObservatory listed Royal fifth among Wisconsin credit unions by assets, with about US$5.9 billion in assets and 339,177 members.[1]
History
[edit]Royal Credit Union was founded in 1964 by employees of the Uniroyal Tire Company in Eau Claire.[2][3] The organization later expanded beyond its original employee group; by 1975 it had become a community credit union.[4]
Royal expanded into Minnesota through a 2009 merger with REAL Credit Union, which added three locations to its branch network.[2] In 2016, it acquired Capital Bank in Saint Paul and a Deerwood Bank office in Apple Valley, Minnesota.[2][5]
In 2021, Royal announced plans to acquire Lake Area Bank, a privately owned Minnesota bank with offices in Lindstrom, Forest Lake, Hugo, Stillwater, and White Bear Lake.[2] The deal was part of Royal's Minnesota expansion and involved approximately US$500 million in assets.[6] In 2022, Finance & Commerce reported that Royal had purchased the White Bear Lake branch property connected with the Lake Area Bank acquisition.[7]
Operations
[edit]Royal is organized as a 501(c)(14) state-chartered credit union.[8] Its reported total assets were US$5.33 billion at the end of 2024, according to IRS Form 990 data compiled by ProPublica.[8] NCUA call-report data compiled by FinObservatory listed Royal as the fifth-largest Wisconsin credit union by assets for the March 2026 filing cycle.[1]
CDFI Fund award
[edit]The Community Development Financial Institutions Fund, part of the United States Department of the Treasury, lists Royal as a credit union established in 1964 and records a 2016 CDFI Financial Assistance award allocation of US$2 million.[3]
References
[edit]- 1 2 "Credit unions in Wisconsin". FinObservatory. Retrieved September 10, 2026.
- 1 2 3 4 Kennedy, Patrick (August 13, 2021). "Lake Area Bank in Lindstrom to be acquired by Royal Credit Union". Star Tribune. Retrieved September 10, 2026.
- 1 2 "Awardee Profile: Royal Credit Union". Community Development Financial Institutions Fund. United States Department of the Treasury. Retrieved September 10, 2026.
- ↑ "Making A Positive Impact Since 1964". Royal Credit Union. Retrieved September 10, 2026.
- ↑ "Royal CU To Buy Capital Bank". CU Today. April 27, 2016. Retrieved September 10, 2026.
- ↑ Giffey, Tom (August 30, 2021). "RCU Grows With Purchase of Minnesota Bank". Volume One. Retrieved September 10, 2026.
- ↑ "Just Sold: Credit Union starts buying bank branches". Finance & Commerce. September 6, 2022. Retrieved September 10, 2026.
- 1 2 "Royal Credit Union". Nonprofit Explorer. ProPublica. Retrieved September 10, 2026.