Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2024.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Who runs it and what they're paid
21 people listed on the 990; $2.1M paid to officers and key staff.
Compensation history total reportable pay by year · 8 named individuals · Part VII
| Name | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|
| Linda Hoover | $767,522 | $725,266 | $662,722 | $603,167 | $611,559 |
| James Justman | $320,992 | $293,189 | $275,905 | $177,306 | — |
| Kurt Johnson | — | $300,138 | $284,584 | $286,434 | $289,260 |
| Joseph Brazgel | $299,840 | $262,874 | $248,551 | $196,037 | — |
| Glenn Brusky | $253,490 | $169,996 | $165,434 | — | — |
| Michael Mikkelson | — | — | — | $244,795 | $253,427 |
| Shannon Huot | $227,740 | $217,833 | $206,857 | $191,497 | $180,805 |
| Rich Chiapete | $225,014 | $190,637 | $172,938 | — | — |
Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.
See Educators Credit Union executive salaries →Questions the 990 asks
The form asks each of these directly. These are the filed answers.
- Family or business ties among officersPt VI · Ln 2No
- Top official's pay set by an independent reviewPt VI · Ln 15aYes
Programs and updates
Educates and advises people to earn their loyalty and help them succeed.
Questions for Educators Credit Union
Your first name shows with your question. Educators Credit Union answers here, for everyone.
We have over 205,000 members and focus on educating them in our branches as well as through community activities.
Saving
Provide saving, checking, CDS, iras, and money market account with balances of $2,317,910,377.
Lending
Provide business and consumer loans and leases with balances of $1,731,732,050.
Funders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
By the numbers
The FY2020 990, line by line.
Download 990
| Line | Start FY20 | End FY20 |
|---|---|---|
| Cash and savingsLn 1–2 | $51.2M | $205.9M |
| InvestmentsLn 11–13 | $258.5M | $648.1M |
| Land, buildings, equipmentLn 10c | $47.4M | $57.4M |
| Total assetsLn 16 | $2.13B | $2.67B |
| LiabilitiesLn 26 | $1.85B | $2.35B |
| Net assetsLn 32 | $274.1M | $322.5M |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Grants to domestic organizationsLn 1 | $572K | |||
| Pay of current officers, directors and key staffLn 5 | $1.2M | |||
| Other salaries and wagesLn 7 | $29.4M | |||
| Pension plan contributionsLn 8 | $3.5M | |||
| Other employee benefitsLn 9 | $3.2M | |||
| Payroll taxesLn 10 | $2.3M | |||
| Legal feesLn 11b | $210K | |||
| Accounting feesLn 11c | $274K | |||
| Other fees for servicesLn 11g | $472K | |||
| Advertising and promotionLn 12 | $1.7M | |||
| Office expensesLn 13 | $4.2M | |||
| Information technologyLn 14 | $11.2M | |||
| OccupancyLn 16 | $3.2M | |||
| TravelLn 17 | $143K | |||
| Conferences, conventions and meetingsLn 19 | $1.0M | |||
| InterestLn 20 | $1.1M | |||
| Depreciation, depletion and amortizationLn 22 | $4.3M | |||
| InsuranceLn 23 | $376K | |||
| Other expenses (24a–d)Ln 24 | $34.4M | |||
| All other expensesLn 24e | $5.3M | |||
| Total functional expensesLn 25 | $108.1M |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2024 LatestFiled with the IRS Sep 12, 2025 | $231.7M | $194.5M | $37.2M | $365.0M | 990 PDF |
| FY2023Filed with the IRS Oct 21, 2024 | $221.5M | $177.5M | $44.0M | $323.5M | 990 PDF |
| FY2022Filed with the IRS Oct 2, 2023 | $166.8M | $134.8M | $32.0M | $264.8M | 990 PDF |
| FY2021Filed with the IRS Nov 10, 2022 | $148.4M | $111.9M | $36.5M | $344.4M | 990 PDF |
| FY2020 ViewingFiled with the IRS Oct 20, 2021 | $146.7M | $108.1M | $38.6M | $322.5M | 990 PDF |
Schedules filed Part IV
See the full FY2020 990 (6 parts)
Part I · Summary $146,689,691 revenue, 12 lines filed
Part VI · Governance 13 of 13 board members independent, no flags
Part VIII · Statement of revenue $146,689,691 across 5 lines filed
Part IX · Statement of functional expenses $108,126,306 across 20 lines filed
Part X · Balance sheet $2,672,077,092 assets, 19 lines filed
Part XI · Reconciliation of net assets $322,500,172 net assets at year end
Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File
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