Business of the Week: Royal Credit Union

At Royal Credit Union, our story is your story!

Creating a positive impact in the lives we touch since 1964.

Royal Credit Union was made up of just 100 Members when we were organized in April 1964 to serve the employees of Uniroyal and their families. In November of 1972, Royal was granted permission to add other employee groups to its membership; and over the next two years we did just that, bringing 27 new groups into the family. That popularity told us we were ready for a community charter.

With more than 190,000 Members today, on the surface we don't really look like we did when we just occupied a small office in a tire plant. But there are many, many things that have remained true from day one. These things are highlighted in our Core Values, which you will find here and posted in each of our offices. More importantly, you will find these Core Values instilled in each of our team members, who make sure to listen to your story and help you in any way they can.
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As a not-for-profit credit union, we can offer you - and our communities - so much more. Lower loan rates. Higher deposit rates. And tons of community support.
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Royal Credit Union deposit rates are on the rise again, check out our new rates on certificates! Plus, we have amazing rates on our savings and money market accounts. Want to know how our rates stack up against other financials? Great!
Royal’s 12-Month Certificate rate is 1.51% APY*
              versus 0.50% APY Market Average Certificate Rate in the Chippewa Valley*
              versus 0.57% APY Market Average Certificate Rate in Minnesota Metro*
Royal’s Money Market ($10,000 - $24,999.99) rate is 0.95% APY*
versus 0.27% APY Marketing Average Money Market Rate in the Chippewa Valley*
versus 0.28% APY Marketing Average Money Market Rate in the Minnesota Metro*
Royal’s Savings Account is 0.80% APY*
               versus 0.15% APY Market Average Certificate Rate in the Chippewa Valley*
               versus 0.16% APY Market Average Certificate Rate in Minnesota Metro*

We think that is something worth smiling about, because for the last several years, rates of returns at many financials have held close to flat.

Since 2012, Royal has made a number of moves to not only keep deposit rates high and loan rates low, but also to reduce fees across the board. In that time, Royal has reduced or eliminated nearly 70 fees. Couple that with the top-tier rates on both loans and deposits, and Royal has a value proposition that’s second to none.

To us, providing you value is another way we’re living our core values, and doing the right thing for our Members. Not a Member? Learn more and apply online today.

About Royal Credit Union:
Royal Credit Union is a federally insured credit union proudly serving over 190,000 Members in Minnesota and Wisconsin. Royal is driven by a core ideology which is built on strong purpose and values. You can open an account or apply for a low-rate loan at Royal Credit Union if you live or work in 26 counties in western Wisconsin or 16 counties in Minnesota. Counties served in Wisconsin include Adams, Ashland, Bayfield, Barron, Buffalo, Burnett, Chippewa, Clark, Douglas, Dunn, Eau Claire, Jackson, Lincoln, Marathon, Pepin, Pierce, Polk, Portage, Price, Rusk, Sawyer, St. Croix, Taylor, Trempealeau, Washburn, and Wood.  Counties served in Minnesota include Anoka, Carver, Chisago, Dakota, Goodhue, Hennepin, Isanti, Olmsted, Pine, Ramsey, Scott, Sherburne, Wabasha, Washington, Winona and Wright. Realtors® in the state of Wisconsin or Minnesota are also eligible to join the credit union. Visit rcu.org or call Royal Credit Union at 800-341-9911 for more information.

*APY=Annual Percentage Yield. Rates current as of 4/23/2018. Last changed on 4/14/2018. The above rates are subject to change at any time without notice. Minimum balance of $100 to open certificate and to earn dividends. Dividends calculated daily, compounded and paid monthly. Substantial penalty for early withdrawal. Charges could reduce the earnings on the account. Money market account rate is based on a balance tiered rate account: 0.80% APY for $9,999.99 or less (this rate will go into effect if your account drops below $10,000. Minimum $10,000 initial deposit is required.), 0.95% APY for $10,000 - $24,999.99, 1.06% APY for $25,000 - $99,999.99, 1.11% APY for $100,000 or more. Money Market Limitations: Make minimum withdrawals of $250 or more. Comparison based on data compiled from SNL Financial; current as of 3/5/18. Federally insured by NCUA.