Royal Credit Union Dedicates Doar Community Room

Jun 23 2016 | Written By Sarah Jaeger | Community Engagement Coordinator

New Richmond, WI –Royal Credit Union (Royal) dedicated the Doar Community Room on June 21, 2016. The ceremony took place during an evening reception at Royal’s New Richmond office located at 355 S. Knowles Ave. Over 80 people attended the event. Speakers included Rudy Pereira, President/CEO; Matt Hall, New Richmond Branch Manager; and Kathleen Doar, Family Representative.

“We are honored to recognize the significant impact the Doar family has had on the New Richmond community and this nation,” said Pereira. “Royal Credit Union is proud to carry on their tradition of meeting the financial needs of residents in the St. Croix Valley and celebrates their legacy with the dedication of the Doar Community Room.”

A permanent plaque and portraits of the Doar family will hang in the Doar Community Room, honoring the family’s history in the financial industry and service to the community. Patriarch WT Doar arrived in New Richmond as a young lawyer in 1908. Before long, he purchased a share of stock in the Bank of New Richmond. Through the years the family and the bank grew.  Upon Doar’s death in 1952, his two sons, Tom and John, both New Richmond lawyers, became directors of the bank and were involved in the formation of St. Croix Banco, Inc., later named S & C Banco, Inc.

“The Doar family is honored to have the room named the Doar Community Room in recognition of the strong commitment the Doar family has had to the community,” said Kathleen Doar, family representative.

The room is available for use by community groups during regular business hours. It seats 12 and is equipped with a screen, projector and white board. Reservations can be made by calling 715-246-2265. 

 

Royal Credit Union is a federally insured credit union serving over 160,000 Members with 24 full service offices.  Wisconsin locations are in Amery, Balsam Lake, Chippewa Falls, Colby, Eau Claire, Hudson, Menomonie, New Richmond, Osceola, Rice Lake, River Falls, St. Croix Falls, Somerset, and Whitehall. Royal Credit Union Minnesota locations are in Edina, Coon Rapids, and St. Paul. Royal is driven by a core ideology which is built on 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 18 counties in Western Wisconsin, 12 counties in Minnesota, or are a Realtor in Wisconsin or Minnesota. Visit rcu.org or call Royal Credit Union at 1-800-341-9911 for more information