Audit Committee

Audit Committee

On behalf of the Members of Royal Credit Union and its Board of Directors, the Audit Committee is responsible for oversight of auditing and testing (1) the integrity of financial statements, (2) the system of internal control, (3) the internal and external audit processes, (4) the compliance with applicable laws and regulations, and (5) the code of conduct and ethics. You can meet our committee members below.

Audit Committee

Royal Credit Union | John Sackett

John Sackett

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Royal Credit Union | John Sackett

John Sackett

John has enjoyed the benefits of being a credit union Member for more than 40 years. Currently, John serves as Chairman of the Audit Committee, on the Political Action Committee, and on Royal’s Advisory Council. Previously, John served as Chairman of the board for 17 years and Treasurer for 10 years.

John is also very involved in the credit union movement on a state and national level because he believes strongly in the credit union philosophy. He currently serves as a director on the National Credit Union Foundation, as well as President of the RCU Foundation. He also serves on the Credit Union National Association’s (CUNA) Board of Directors and served as the first Chair of the CUNA Volunteer Leadership Committee. John has also served on CUNA’s Community Credit Union Committee as Vice Chairman, CUNA's Mergers Task Force, and the CUNA Task Force on Due Diligence.

John enjoys attending and making presentations at Credit Union Executive Society (CUES) and CUNA conferences plus many state and local seminars relating to credit union activities. Not only is John a Certified Credit Union Board Member, he also has received the following certificates for completion of the National Volunteer Achievement Program: Edward Filene (1986), Friedrich Raiffeisen (1990), Roy F. Bergengren (1992), Technology (1999), Alphonse Desjardins (2003), Louise Herring (2003), Dora Maxwell (2003), and Thomas Doig (2011). John also completed the Credit Union Leadership Program and Financial Literacy Program.

After serving as Director of Finance for the Eau Claire Area School District for 27 years, John is enjoying his retirement. This has also allowed him to become even more involved in the credit union industry, which he has a true passion for. During his career, he was honored with the 2001 Wisconsin Association of School Business Officials' Wallace Zastrow Award. John is a graduate of the UW-Eau Claire with a Bachelors Degree in Comprehensive Public Accounting.

John's vision is to expand Royal to new markets and new Members while being the primary financial institution of choice in the communities where Royal has a presence.

John and his wife, Kris, have four children and live in Eau Claire.

Bill Blackburn

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Bill Blackburn

Bill has been a Member of Royal Credit Union for over 30 years. He 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.

Along with serving as a board member, Bill also serves on Royal's Board Audit Committee and Credit Oversight Committee. He previously served on Royal’s Board Finance Committee. Bill received his Bachelor's Degree from UW-Eau Claire, majoring in Finance.

Bill understands the need to pursue new ideas and technologies in order to continue to provide Royal's Members with leading edge products and services. His experience as both a team member of Royal and a business owner give him a unique perspective that will help Royal Credit Union achieve its purpose of creating a positive impact in the lives we touch.

Bill, his wife, Beth, and their two daughters live in Eau Claire.

Tracy Flanagan - Royal Credit Union Audit Committee

Tracy Flanagan

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Tracy Flanagan - Royal Credit Union Audit Committee

Tracy Flanagan

Tracy Flanagan has been a Member of Royal Credit Union since 1980 – some 36+ years! - and joined the Audit Committee in March 2016. 

As a Certified Public Accountant and Six Sigma Green Belt, Tracy has acquired 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

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Jim Mattson

Jim has been a Member of Royal Credit Union for 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 Associates Degree in Accounting, and, for the past two decades, he's worked as an accountant 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.

Ray Hughes

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Ray Hughes

Ray has been a Royal CU Member for 17 years.  His background consists of roughly 35 years in finance, law, and education.  He believes strongly in giving back to our communities and making them a better place to live.  Ray served six years on the Eau Claire City Council and has served on numerous community boards, including the Eau Claire Community Parks Association, the Eau Claire Library, the Menomonie Area Community Foundation, the REACH Foundation, and the Regional Loan Fund.

Ray believes his background and continuing efforts to learn allows him to make meaningful contributions to the Royal Audit Committee; resulting in keeping Royal safe and financially sound for our Members.

Ray is married to Dianne and they have 3 daughters and 2 grandsons.