Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2024.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Who runs it and what they're paid
19 people listed on the 990; $6.9M paid to officers and key staff.
Compensation history total reportable pay by year · 8 named individuals · Part VII
| Name | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|
| Brandon Riechers | $1,159,293 | $1,060,776 | $1,312,772 | $986,318 | $761,291 |
| Jan Johnson | — | $359,402 | $1,026,155 | $524,463 | $413,458 |
| Michelle Robinson | $776,945 | $597,110 | — | — | — |
| Jon Hehli | — | — | $758,118 | $598,766 | $502,661 |
| Jared Johnson | $467,101 | $411,603 | $535,565 | $683,911 | $598,608 |
| Pamela Haller | $472,881 | $682,899 | $397,085 | $378,149 | $293,465 |
| Derek Lodermeier | $666,911 | $525,427 | — | — | — |
| Adam Kinnard | $434,250 | $622,999 | $385,068 | $345,964 | $269,254 |
Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.
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Questions the 990 asks
The form asks each of these directly. These are the filed answers.
- Family or business ties among officersPt VI · Ln 2No
- Top official's pay set by an independent reviewPt VI · Ln 15aYes
Programs and updates
Improves lives through positive actions and support.
Questions for Royal Credit Union
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The credit union had deposit, transaction and investment accounts with 321,219 members at 12/31/24. Net account growth during 2024 was 34,938 accounts for total accounts of 635,239 at 12/31/24. Total ending balance of all deposit accounts was $4,726,130,765.
There were 50,775 loans granted in 2024 for a total of $1,826,641,041. As of 12/31/24, the credit union had 229,963 accounts comprised of mortgage, consumer, and business loans.
Funders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
By the numbers
The FY2024 990, line by line.
Download 990
| Line | Start FY24 | End FY24 |
|---|---|---|
| Cash and savingsLn 1–2 | $168.4M | $299.7M |
| InvestmentsLn 11–13 | $135.4M | $103.8M |
| Land, buildings, equipmentLn 10c | $55.9M | $55.8M |
| Total assetsLn 16 | $5.18B | $5.33B |
| LiabilitiesLn 26 | $4.71B | $4.81B |
| Net assetsLn 32 | $468.8M | $522.6M |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Grants to domestic organizationsLn 1 | $2.2M | |||
| Pay of current officers, directors and key staffLn 5 | $5.6M | |||
| Other salaries and wagesLn 7 | $68.6M | |||
| Pension plan contributionsLn 8 | $3.5M | |||
| Other employee benefitsLn 9 | $9.6M | |||
| Payroll taxesLn 10 | $5.9M | |||
| Legal feesLn 11b | $1.7M | |||
| Accounting feesLn 11c | $556K | |||
| Other fees for servicesLn 11g | $760K | |||
| Advertising and promotionLn 12 | $6.5M | |||
| Office expensesLn 13 | $4.5M | |||
| Information technologyLn 14 | $12.8M | |||
| OccupancyLn 16 | $3.6M | |||
| TravelLn 17 | $316K | |||
| Conferences, conventions and meetingsLn 19 | $1.3M | |||
| InterestLn 20 | $138.1M | |||
| Depreciation, depletion and amortizationLn 22 | $5.5M | |||
| InsuranceLn 23 | $413K | |||
| Other expenses (24a–d)Ln 24 | $44.3M | |||
| All other expensesLn 24e | $8.0M | |||
| Total functional expensesLn 25 | $323.8M |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2024 Latest Viewing | $373.6M | $323.8M | $49.8M | $522.6M | 990 PDF |
| FY2023 | $300.0M | $258.4M | $41.6M | $468.8M | 990 PDF |
| FY2022 | $198.9M | $159.3M | $39.5M | $417.9M | 990 PDF |
| FY2021 | $185.3M | $120.4M | $64.9M | $382.2M | 990 PDF |
| FY2020 | $170.1M | $141.6M | $28.5M | $315.1M | 990 PDF |
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Schedules filed Part IV
See the full FY2024 990 (6 parts)
Part I · Summary $373,611,288 revenue, 12 lines filed
Part VI · Governance 7 of 7 board members independent, no flags
Part VIII · Statement of revenue $373,611,288 across 4 lines filed
Part IX · Statement of functional expenses $323,800,255 across 20 lines filed
Part X · Balance sheet $5,329,096,009 assets, 14 lines filed
Part XI · Reconciliation of net assets $522,634,761 net assets at year end
Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File
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