Royal Credit Union


Overview / Commentary
800-341-9911
200 Riverfront Ter
Eau Claire, WI 54703

Royal Credit Union is headquartered in Eau Claire and is the 5th largest credit union in the state of Wisconsin. It is also the 84th largest credit union in the nation. It was established in 1964 and as of December of 2021, it had grown to 602 employees and 251,235 members at 50 locations. Royal Credit Union's money market rates are 82% higher than the national average, and it has an A health rating.

Field of Membership Restrictions

Royal Credit Union is open to anyone in Minnesota and Wisconsin through making a $5 donation to the RCU Foundation, or to anyone who lives or works in the Minnesota counties of Anoka, Carver, Chisago, Dakota, Goodhue, Hennepin, Isanti, Olmsted, Pine, Ramsey, Scott, Sherburne, Wabasha, Washington, Winona or Wright, or the Wisconsin counties of Adams, Ashland, Barron, Bayfield, Burnett, Buffalo, Chippewa, Clark, Douglas, Dunn, Eau Claire, Jackson, Lincoln, Marathon, Pepin, Pierce, Portage, Polk, Price, Rusk, Sawyer, St. Croix, Taylor, Trempealeau, Washburn or Wood. Immediate family are also eligible to join, regardless of their place of residence. Employees of: Marten Transport, the University of Wisconsin-Eau Claire Alumni Association, the former Uniroyal plant, or Tenneco-Packaging Corporation in the Colby, WI or Appleton, WI plants may also join.
See current membership details

Love This Place, Long Time Member

Posted by: |

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!

So Far So Good

Posted by: |

I originally came into contact when I purchased my car. My loan, via the dealership a few years ago is through Royal.

I have had mostly stellar service from them with regard to any assistance I have needed. They are always friendly. Yes, sometimes one is placed on "hold" for a bit, but not always. And I found that happened more during the pandemic, as many folks worked from home. This can present new navigational challenges at times when assisting someone.

But overall, my experience has been good and I just opened another account with them.

RCU Doesn't Like Businesses

Posted by: |

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.

Gross Insecurity With Regard To Older Account Numbers

Posted by: |

If you opened your account years ago as I did, you quite possibly have a 4-digit member number, which is also used as your savings account number.

All you have to do to steal money from someone's savings account is to get their routing number (readily available from 800-341-9911 with no additional verification) and then guess a number between 0000 & 9999 that is still associated with an existing account, then Bingo! You've hit the jackpot for that account.

So far I've gotten the run-around between emails & customer service. They even had to audacity to suggest that I call the two venders where the fraudulent charges originated and negotiate directly with them. I don't think they really want to deal with & fix this problem.

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Health

Health Grade Components

Overall
NCUA #66834
Year Chartered1964
Employees602
Primary Regulator
Profit Margin
Return on Assets - YTD1.63%
Return on Equity - YTD16.99%
Annual Interest Income$119.4MM
Assets and Liabilities
AssetsQ4 2021vs Q4 2020$4.05B$3.47B
LoansQ4 2021vs Q4 2020$2.91B$2.69B
DepositsQ4 2021vs Q4 2020$3.59B$3.09B
Equity CapitalQ4 2021vs Q4 2020$382.2MM$315.1MM
Loan Loss AllowanceQ4 2021vs Q4 2020$32.3MM$35.2MM
Unbacked Noncurrent LoansQ4 2021vs Q4 2020$9.5MM$7.0MM
Real Estate OwnedQ4 2021vs Q4 2020$77.00K$379.00K
Rates
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Always verify rates and promotions with the bank or credit union. We are not Royal Credit Union; we are a rate comparison website and cannot provide official rates or promotions.

* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

Royal Credit Union Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.11%*$10k*-HSA Checking
OTHER TIERS: 0.60% Up to $1k | 0.75% $1k - $5k | 0.95% $5k - $10k
0.30%--Savings Account
0.30%$5-Easy Save IRAs Investment
0.30%$5-Business Savings

Royal Credit Union Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.80%*$100k*-Money Market Account
OTHER TIERS: 0.30% Up to $10k | 0.50% $10k - $25k | 0.70% $25k - $100k
0.80%*$100k*-Business Money Market Account
OTHER TIERS: 0.30% Up to $10k | 0.50% $10k - $25k | 0.70% $25k - $100k

Royal Credit Union Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.10%$700-Smart Checking PLUS
0.10%--Business Royal Advantage Plus Checking

Royal Credit Union CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.51%-$250k72 Month CD
1.51%-$250k60 Month CD
1.51%--Business 60 Month CD
1.51%--Business 72 Month CD
1.31%-$250k48 Month CD
1.31%--Business 48 Month CD
1.16%-$250k36 Month CD
1.16%--Business 36 Month CD
1.11%--12 Month HSA
1.06%-$250k30 Month CD
1.06%--Business 30 Month CD
1.00%-$250k24 Month CD
1.00%--Business 24 Month CD
0.90%-$250k18 Month CD
0.90%--Business 18 Month CD
0.80%-$250k12 Month CD
0.80%--Business 12 Month CD
0.65%-$250k6 Month CD
0.65%--Business 6 Month CD
0.30%-$250k3 Month CD
0.30%--Business 3 Month CD

Royal Credit Union IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.51%--72 Month Fixed Rate IRA
1.51%--60 Month Fixed Rate IRA
1.31%--48 Month Fixed Rate IRA
1.21%--24 Month Variable Rate IRA
1.16%--36 Month Fixed Rate IRA
1.06%--30 Month Fixed Rate IRA
1.00%--24 Month Fixed Rate IRA
0.90%--18 Month Fixed Rate IRA
0.80%--12 Month Fixed Rate IRA
Locations

Availability



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