Royal Credit Union is headquartered in EAU CLAIRE and is the 6th largest credit union in the state of Wisconsin. It is also the 135th largest credit union in the nation. It was established in 1964 and as of December of 2013, it had grown to 378 employees and 151,469 members. Royal Credit Union's money market rates are 36% higher than the national average, and it has a A health rating.
Must live or work in Eau Claire, Chippewa, Barron, Buffalo, Burnett, Clark, Dunn, Jackson, Marathon, Pierce, Pepin, Polk, Rusk, St. Croix, Taylor, Trempealeau, Washburn or Wood County in Wisconsin or Anoka, Carver, Chisago, Dakota, Goodhue, Hennepin, Olmsted, Ramsey, Scott, Wabasha, Washington or Winona County in Minnesota. - See Details
I'm dusgusted with their greed and apathy. Checks clear instantly electronically. But they play games and HOLD your money for SEVEN days. Thanks, I'm sure my bills won't be late. Enjoy the interest you're earning on MY money. It'll be the last of my money you ever see. Account closed, money moved.
Applied for equity line of credit with good credit and assets. Felt loan officer was inexperienced and not straight forward in handling the application. Officer never had a list of requirements for customer to bring to table. After all it is the business of the royal credit union to state requirements and not customer to know what was acceptable or needed. it should have been a clue when every time visited the store, place was deserted and not a hub of commerce. Maybe Wisconsin culture is different than that of Minnesota which would account for their lack of interest in doing business. Brought my business elsewhere.
I have been a member of RCU for roughly 10 years and I would absolutely recommend this credit union to ANYONE! I currently have multiple savings accounts, checking, HSA, overdraft protection, credit card, home equity loan, 1st mortgage, car loan, custodial accounts for my children and certificates. I have refinanced my home twice to lower the rate and have enjoyed my experiences with every lender I've worked with. Their rates are extremely competitive and they didn't charge me any points. I've worked with 3 of their investment reps for my kids college investment accounts as well, all fantastic.
I've never had a check held, paycheck delayed or loan application with any problems. I bought a car out of state and they even made that process easy. The branch office I use is open until 7 pm weekdays and also open on Saturday AND Sunday. Talk about convenient! Their ATMs are everywhere and I can use Kwik Trip too without getting charged fees. They've helped me buy savings bonds for my kids and redeem bonds for myself.
I LOVE their e-branch. My credit card has a rate less than 8% and I've gotten hundreds of dollars as well as a free airline ticket from my credit card rewards. There is a little "school site" branch at my son's elementary school. He brings in his money to deposit in his little RCU coin pouch. They give him stickers and suckers at the office AND they invite him to special kids functions likes free movies, a luau at the local pool and a halloween party.
Ignore those other two reviews if you are considering this place, they're junk. RCU is pretty darn awesome!
I've been trying for 2 months to get what I think should be a simple change to my account done. I call business services every week and the receptionist says a manager will call me back but nothing. I have quit a bit of money in the account so it's not like I'm a small business. I'm so frustrated, I'm ready to find something else because they obviously don't care.
The Texas Ratio is an indicator of how much funds a bank has available compared to the total value of loans considered at risk. As of December 31, 2013 Royal Credit Union had $19.64 million in non-current loans and owned real-estate with $172.96 million in equity and loan loss allowances on hand to cover it. This gives Royal Credit Union a Texas Ratio of 11.36% which is above average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
The Texas Ratio for Royal Credit Union decreased dramatically from 16.48% as of December 31, 2012 to 11.36% as of December 31, 2013, resulting in a positive change of 31.07%.This indicates that the balance sheet and financial strength for Royal Credit Union has improved dramatically in recent periods.
In the past year, Royal Credit Union has increased its total deposits by $73.34 million, resulting in 6.52% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth Royal Credit Union has shown is excellent.
Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. Royal Credit Union has $1.39 billion in assets with $172.96 million in equity, resulting in a capitalization level of 12.42%, which is excellent.
|Assets and Liabilities|
|Equity Capital||$155.70 million|
|Loan Loss Allowance||$17.26 million|
|Unbacked Noncurrent Loans||$15.14 million|
|Real Estate Owned||$4.50 million|
|Historic Data - December 2012|
|Equity Capital||$125.10 million|
|Loan Loss Allowance||$18.48 million|
|Unbacked Noncurrent Loans||$15.14 million|
|Real Estate Owned||$8.01 million|
|Profit Margin - Quarterly|
|Net Interest Margin||4.48%|
|Return on Assets||2.2%|
|Return on Equity||19.66%|
|Interest Income||$58.89 million|
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|0.20%||$2,500||-||Easy Share IRA|
|0.20%||$2,500||-||Easy Share Roth IRA|
|0.15%||-||-||RCU Savings Account|
|0.15%||-||-||RCU Kid's Club|
|0.60%||$100k||-||Money Market Account|
|0.05%||-||-||Smart Checking PLUS|
|1.49%||$100||$250k||4 Year CD|
|1.49%||$100||$250k||6 Year CD|
|1.30%||$100||$250k||30 Month CD|
|0.85%||$100||$250k||18 Month CD|
|0.70%||$100||$250k||1 Year CD|
|0.70%||$1k||-||1 Year Fixed Rate HSA|
|0.45%||$100||$250k||6 Month CD|
|0.25%||$100||$250k||3 Month CD|
|1.49%||$1k||-||4 Year Fixed Rate IRA (Traditional,Roth)|
|1.49%||$1k||-||6 Year Fixed Rate IRA (Traditional,Roth)|
|1.30%||$1k||-||30 Month Fixed Rate IRA (Traditional,Roth)|
|0.85%||$1k||-||18 Month Fixed Rate IRA (Traditional,Roth)|
|0.75%||-||-||2 Year Variabe Rate IRA (Traditional,Roth)|
|0.70%||$1k||-||1 Year Fixed Rate IRA (Traditional,Roth)|