EAU CLAIRE, Wis.—Royal Credit Union re-elected two members of its board of directors during its 62nd annual meeting, while highlighting the credit union’s financial performance, growth and community impact during 2025.
The credit union said Nancy Beltz and Tom Huffcutt were each re-elected to three-year terms. Beltz has served on Royal’s board since 1999 and is a member of the finance committee, while Huffcutt has served on the board since 2013 and currently serves as chairperson. He also chairs the compensation/governance, political action and nominating committees and serves on the board of the RCU Foundation.
During his annual report, Huffcutt said Royal remained focused on financial strength, responsible growth and member value as a member-owned cooperative. The credit union reported a net worth ratio of 10.25% in 2025, above the 7% regulatory threshold for a well-capitalized institution, while assets grew to $5.8 billion supported by continued deposit and loan growth. Huffcutt also credited members for the institution’s continued success and emphasized the board’s commitment to disciplined, long-term governance.
Royal also highlighted ongoing investments in digital banking, in-person service and financial guidance, along with its community outreach efforts. According to the credit union, the RCU Foundation distributed more than $1 million in grants during 2025, while Royal’s financial education programs reached more than 7,400 individuals and supported 30 student-run credit union offices through its School $ense initiative. During the board’s reorganization meeting, Huffcutt was re-elected chairperson, while Doug Olson was named vice chairperson, Bill Blackburn treasurer and Jennifer McDonough secretary.