On behalf of the Members of Royal Credit Union and the board of directors, the audit committee is responsible for overseeing the auditing and testing of several different areas of Royal. The committee is also a key part of our culture of transparency, honesty, and trust. The audit committee handles the integrity of financial statements, the system of internal control, the internal and external audit processes, compliance with applicable laws and regulations, and the code of conduct and ethics at Royal Credit Union.
John Sackett, Board Member, Chairperson
John has been a credit union Member for more than 40 years. Currently, John serves on the Board of Directors, is Chairman of the Audit Committee and is on the Political Action Committee. John previously served as Chairman of the Board for 17 years and Treasurer for 10 years.
John also serves as a director on the National Credit Union Foundation, President of the RCU Foundation, and is on the Credit Union National Association’s Board of Directors. Previously, John served as Chair of the CUNA Volunteer Leadership Committee and as a member of other CUNA groups including the Community Credit Union Committee and Mergers Task Force. John is a Certified Credit Union Board Member, a Certified Credit Union Supervisory Committee Member, and has completed the Credit Union Leadership Program.
After serving as Director of Finance for the Eau Claire Area School District for 27 years, John is enjoying his retirement. John is a graduate of UW-Eau Claire with a Bachelor’s Degree in Comprehensive Public Accounting. John and his wife Kris have four children and live in Eau Claire.
Bill Blackburn, Board Member
Bill has been a Member of Royal Credit Union for over 30 years. He serves on the Board of Directors, on the Audit Committee, and on the Credit Oversight Committee. He previously served on the Finance Committee.
Bill was employed by Royal Credit Union for nine years, the final seven as a business loan officer. Bill made the decision to leave Royal in 2001 to pursue an opportunity to own his own business. He is currently co-owner of L&M Mail Service, Inc. In 2008, L&M was recognized as Small Business of the Year by the Eau Claire Area Chamber of Commerce.
Bill received his Bachelor’s Degree from UW-Eau Claire, majoring in Finance. Bill, his wife Beth, and their two daughters live in Eau Claire.
Tracy Flanagan, Member At Large
Tracy has been a Member of Royal Credit Union since 1980 and joined the Audit Committee in March 2016.
As a Certified Public Accountant and Six Sigma Green Belt, Tracy has significant experience in financial statement analysis and preparation; management of healthcare revenue cycle operations; design and improvement of reporting tools to achieve quality, productivity and reimbursement goals; and implementation of business processes to achieve best practices.
Tracy holds a Bachelor of Science in Business Administration and Accounting from the University of Wisconsin-Eau Claire, and lives in Chippewa Falls with her husband and three children.
Jim Mattson, Member At Large
Jim has been a Member of Royal Credit Union for more than 43 years. He began serving on Royal’s Audit Committee in 2013.
Jim is a graduate of Lakeland College and Chippewa Valley Technical College with a Bachelor’s Degree and Associate’s Degree in Accounting. He has worked as an accountant for over 20 years with Bauman Associates, Ltd.
He is passionate about giving back to his community, and serves on several boards including the Kiwanis Club of Eau Claire Inc. and the Chippewa Valley Theatre Guild. Jim strongly believes in the “Member owned” credit union concept.