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Board of Directors

About Our Board Of Directors

As a Member-owned financial cooperative, Royal Credit Union is governed by a Board of Directors. The Board sets the general direction of the credit union while keeping our Members’ best interests at the center of everything we do. This group of professionals are actually volunteers who are elected by Members in a democratic process.

View Our Annual Reports

Our annual reports showcase Royal Credit Union's financial health with our annual Statement of Financial Condition that lists Royal's assets and liabilities. The annual reports also include our annual meeting minutes and the Audit Committee report.

 

Meet Our Board Of Directors

 

Tom Huffcutt, Treasurer

Tom Huffcutt, Chairperson

Tom has been a Member of Royal Credit Union for more than 25 years. He currently serves as Chairperson of Royal Credit Union’s Board of Directors, the Compensation/Governance Committee, and the Political Action Committee. He is also a Board Member for the RCU Foundation. Previously, Tom was Chairperson of the Finance Committee and was on the Audit Committee. Prior to joining the Board, he served on Royal Credit Union's Nominating Committee for four years.

Tom previously was on the Board of Directors for Cornerstone Credit Union in Freeport, Illinois, where he held the positions of Secretary and Vice Chair. He is a Certified Credit Union Board Member.

Tom is retired from his career at Chippewa Valley Technical College where he served as Vice President of Operations. He holds a Master's Degree in Training and Human Resources Development from UW-Stout and a Bachelor’s Degree in Business Administration from UW-Madison. Tom and his wife Mary live in Chippewa Falls, Wisconsin. They have three grown sons.

 

Stuart Schaefer, Vice Chairman

Stuart Schaefer, Vice Chairperson

Stuart has been a Member of Royal Credit Union for over 35 years. He currently serves as Vice Chairperson of the Board of Directors, is on the Credit Oversight and Compensation/Governance Committees, and is Chairperson of the Nominating Committee.

Stuart is a graduate of UW-Madison and has been a licensed Real Estate Broker since 1980. He is also a member of the ICSC (International Council of Shopping Centers) and the CAR-W (Commercial Association of Realtors – Wisconsin). Stuart sits on the Confluence Council and the South Barstow Business Improvement District Board of Directors, along with Royal Credit Union’s Board of Directors. Stuart is currently the President of Eau Claire-based Commonweal Development Corporation, an award-winning community-focused commercial real estate service provider specializing in urban renewal, mixed use, retail, office, and multi-family projects throughout Western Wisconsin and Eastern Minnesota.

Stuart has been involved in several high-profile development projects that have shaped the communities in which they were constructed. He has also worked with regional and local community-based organizations focused on economic development, including the Eau Claire Area Economic Development Corporation where he acted as President in 2009. Stuart has four children, six grandchildren, and resides in Sarona, Wisconsin with his wife Kris.

 

Bill Blackburn

Bill Blackburn, Treasurer

Bill has been a Member of Royal Credit Union for over 30 years. He serves on the Board of Directors, is Chairperson of the Finance Committee, and serves on the Compensation/Governance and Nominating Committees. He previously served on the Audit 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 and his wife Beth have two daughters and live in Eau Claire.

 

Jennifer McDonough, Secretary

Jennifer McDonough, Secretary

Jennifer has been a member of Royal Credit Union for over 30 years. She currently serves as Secretary of the Board and as a member of the Audit and Political Action Committees. She previously served on the Compensation/Governance Committee and as Chairperson of the Audit Committee.

Jennifer is retired from Administration for the Eau Claire Area School District. She is a founding member and helped with development of The Give Chippewa County Community Foundation Fund and is Treasurer of The Lake Ridge in Woodbury Association Board. Jennifer previously served as Chair of the Women's Giving Circle of Eau Claire and the HSHS Sacred Heart Foundation. She and her husband Matthew live in Chippewa Falls, Wisconsin.

 

Nancy Beltz

Nancy Beltz, Board Member

Nancy was elected to Royal Credit Union’s Board of Directors in 1999. She currently serves on the Finance Committee. She has also participated on the Web, Technology, and Scholarship Committees and is past Chairperson of the Audit Committee.

As a bank examiner for the Federal Deposit Insurance Corporation (FDIC), Nancy examined banks in five states with assets ranging in size from $35 million to $1 billion. Her responsibilities included assessing their overall financial condition, evaluating the effectiveness of management and policies, determining compliance with laws and regulations, and reviewing loan and investment quality. Nancy is a Certified Credit Union Board Member.

Nancy works as a Rate Analyst in Regulatory Affairs at Xcel Energy. She received her Bachelor of Science Degree from St. Cloud State University with a major in Finance. Nancy resides in Altoona with her husband Tony and two daughters.

 

Doug Olson, Chairman

Doug Olson, Board Member

Doug has been a credit union Member for over 40 years and was elected to the Board of Directors in 1995. Previously, he served as Chairperson for 13 years and Treasurer for 7 years. Doug is the Chairperson of the Enterprise Risk Management Committee, is on the Credit Oversight and Nominating Committees, and serves on the RCU Foundation Board of Directors.

Doug is a Certified Credit Union Board Member. He previously served on the Credit Union National Association’s Volunteer Leadership Committee. Doug had a vision of starting the RCU Foundation to focus on large-impact community giving. As a result of this vision, the RCU Foundation has awarded more than $10 million in charitable donations since 2013 to make a positive impact in the lives we touch.

Doug is retired from his career at Chippewa Valley Technical College (CVTC) where he served as the Executive Director of Operations. Prior to his career at CVTC, he was the founder and owner of Badger Window Systems. He lives with his wife Pam on Lake Holcombe, which is 50 miles north of Eau Claire, Wisconsin.

 

John Sackett

John Sackett, Board Member

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 Chairman on the National Credit Union Foundation Board and President of the RCU Foundation Board. Previously, John served on the Credit Union National Association’s (CUNA) Board of Directors, chaired the CUNA Volunteer Leadership Committee, and served 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.

In 2022, John was named the Credit Union Executive Society’s National Distinguished Board Member of the Year; and in 2024, he was voted into the Credit Union Hall of Leaders in Washington D.C.

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.

 

Kristi Fox

Kristi Fox, Associate Board Member

Kristi Fox was approved by Royal Credit Union’s Board of Directors as an Associate Board Member in 2025. She currently serves on Royal’s Enterprise Risk Management Committee.

Kristi is Executive Vice President, Chief Administrative Officer at Securian Financial. In this role, she oversees several functions, including human resources, operations, and technology to serve Securian’s 23 million customers. Kristi is a trusted strategic partner who leverages her broad business acumen to solve complex problems through agile management, transparency, and data-driven decision making.

Kristi earned her Master of Business Administration from the University of St. Thomas and Bachelor of Science from the University of Wisconsin-River Falls. She holds the Senior Certified Professional certification from the Society for Human Resources Management (SHRM).

Kristi lives with her husband and son in Stillwater, Minnesota. An active member of her community, she serves on the boards of National Alliance on Mental Illness (NAMI) Minnesota and Hill-Murray School. Kristi was a Top Women in Business Honoree from the Minneapolis/St. Paul Business Journal. A lifelong group fitness enthusiast who was once featured on a Tae Bo QVC segment, she now has her sights set on a live class at the Peloton NYC studio.

 

Kris Peterson

Kris Petersen, Associate Board Member

Kris Petersen was approved by the Royal Credit Union Board of Directors as an Associate Board Member in 2025 and currently serves on Royal’s Finance Committee.

Kris is an Executive Coach with think2perform, where she partners with senior leaders to elevate their leadership effectiveness. Previously, she held an executive role at Ameriprise Financial, where she led and grew business operations supporting 10,000 financial advisors and millions of clients. Her areas of oversight included P&L management, compliance, legal, marketing, sales support, technology, and client experience.

Kris holds a Master of Business Administration from the University of St. Thomas and a Bachelor of Science from St. Cloud State University.

Kris lives in Deephaven, Minnesota, with her partner Peter. She actively serves on a number of nonprofit and for-profit boards, including Friends of Ngong Road, think2perform, The Disruptive Element, and the think2perform Research Institute.

In her free time, Kris enjoys international travel, golfing, and relaxing at their cabin in Wisconsin.