July 19, 2023
EAU CLAIRE, Wis. – Royal Credit Union has been named one of Minnesota’s Best-In-State Credit Unions for 2023 by Forbes. To create the list, Forbes partnered with market research firm Statista and surveyed more than 31,000 consumers in the US for their opinions on their financial relationships. Credit Unions were evaluated on overall recommendations and satisfaction in five key areas: trust, terms and conditions, branch services, digital services and financial advice.
Online reviews and ratings posted on Google Reviews between March 2020 and April 2023 were also evaluated. These reviews and ratings accounted for 20% of the scoring, while the surveys accounted for 80%.
“We are honored to be named by Forbes as one of the best credit unions in America,” said Brandon Riechers, Royal Credit Union President and CEO. “The key evaluation factors used by Forbes including creating trustworthy relationships and offering sound financial advice are cornerstones of our commitment to our Members. We are proud to rank among the best credit unions in the nation and will continue to use our values to guide our decisions as we work to make a positive impact in the communities we serve in Minnesota and Wisconsin.”
In the Forbes report, between one and five credit unions in each state were awarded the Best-in-State designation based on the number of responses to the survey received. Overall, 157 awards were given to 147 unique credit unions across the country. The full article and list of winners can be found at Forbes.com.
About Royal Credit Union
Royal Credit Union is a federally insured credit union proudly serving over 290,000 Members in Minnesota and Wisconsin. Royal is driven by a core ideology built on a 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. A complete list of Member eligibility requirements is available on the Royal Credit Union website. To learn more about Royal, visit rcu.org or call 800-341-9911.
