Compensation 990

Royal Credit Union

Fiscal year ending 2022. Filed on November 15, 2023.

200 Riverfront Terrace
Eau Claire, Wisconsin 54703

Royal Credit Union (EIN: 39-6072970) has filed an IRS Form 990 since at least fiscal year 2016. In its fiscal year 2022 IRS Form 990 filing, Royal Credit Union, a 501(c)(14) state-chartered credit union or mutual reserve fund, reported compensation for 14 out of 1,083 total employees. Among the employees shown here, the average compensation is $624,009. The highest compensated employee at Royal Credit Union is Brandon Riechers with fiscal year 2022 compensation of $2,035,431.

Revenue, expenses, and employee compensation

Revenue

$198,876,123

Expenses

$159,344,082

Employee compensation

$68,691,741
Revenue, expenses, and employee compensation over time

Reported Compensated Employees

＋4.6%vs 2021
Brandon Riechers
President and Chief Executive Officer
$2,035,431
$1,312,772 from orgNo related comp$722,659 other
＋63.4%vs 2021
Jan Johnson
Evp-Organizational Agility
$1,077,880
$1,026,155 from orgNo related comp$51,725 other
＋11.7%vs 2021
Jon Hehli
Executive Vice President and Chief Financial Officer
$812,058
$758,118 from orgNo related comp$53,940 other
＋31.9%vs 2021
Michael Dill
Evp-Chief Lending Officer
$643,534
$452,786 from orgNo related comp$190,748 other
＋41.0%vs 2021
Pamela Haller
Evp-Chief Digital Experien
$617,131
$397,085 from orgNo related comp$220,046 other
－22.5%vs 2021
Jared Johnson
Mortgage Loan Officer
$577,781
$535,565 from orgNo related comp$42,216 other
＋38.9%vs 2021
Adam Kinnard
Evp-Chief Technology Offic
$572,231
$385,068 from orgNo related comp$187,163 other
＋34.1%vs 2021
Geoffrey Bullock
Executive Vice President - Member Experience
$423,695
$368,623 from orgNo related comp$55,072 other
＋50.3%vs 2018
Glen Kennison
Vp-Credit RISK Management
$397,011
$346,113 from orgNo related comp$50,898 other
New in 2022
Matthew Gerber
Vice President, Mortgage Lending
$373,986
$320,656 from orgNo related comp$53,330 other
New in 2022
Ryan Balts
Vice President, Finance
$346,028
$291,834 from orgNo related comp$54,194 other
－38.2%vs 2021
Jeffrey Sproul
Mortgage Loan Officer
$344,647
$322,978 from orgNo related comp$21,669 other

Non-Employee Board Members

＋5.4%vs 2021
Thomas Huffcutt
Chair
$39,000
$39,000 from orgNo related compNo other comp
＋7.0%vs 2021
Doug Olson
Treasurer
$30,500
$30,500 from orgNo related compNo other comp
＋8.5%vs 2021
John Sackett
Assistant Secretary
$25,500
$25,500 from orgNo related compNo other comp
＋9.1%vs 2021
Jennifer McDonough
Secretary
$24,000
$24,000 from orgNo related compNo other comp
＋9.3%vs 2021
Stuart Schaefer
Vice Chair
$23,500
$23,500 from orgNo related compNo other comp
＋9.5%vs 2021
William Blackburn
Assistant VICE Chairman
$23,000
$23,000 from orgNo related compNo other comp
＋11.4%vs 2021
Nancy Beltz
Assistant Treasurer
$19,500
$19,500 from orgNo related compNo other comp

Mission Statement

TO CREATE A POSITIVE IMPACT IN THE LIVES WE TOUCH.

Revisions to this organization profile

November 6, 2025:
2024 Royal Credit Union 990 filed
November 14, 2024:
2023 Royal Credit Union 990 filed
November 15, 2023:
2022 Royal Credit Union 990 filed

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