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Royal Credit Union President/CEO Charlie Grossklaus has announced plans to retire from the Eau Claire, Wis.-based credit union effective Jan. 2, 2012.

During his 40 years with the credit union, Grossklaus has served as president/CEO for 26 years. Under his leadership RCU has grown from $100 million in assets, 100 employees and six branches to $1.2 billion in assets, 582 staffers and 25 branches that serve 18 counties in Wisconsin and 12 counties in Minnesota. The purchase of 11 AnchorBank offices in 2010 helped make Grossklaus’ vision of reaching $1 billion in assets into a reality.

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Peter Westerman


Credit Union Times

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