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Eastman Credit Union

KINGSPORT, TN EIN: 62-6039479 Website

Eastman Credit Union (ECU) is a not-for-profit financial services cooperative headquartered in Kingsport, Tennessee. Founded in 1934 and tax-exempt since June 1952, ECU operates as a state-chartered, mutually owned credit union serving over 155,000 members across more than 20 branches. The organization provides a range of financial services including deposit products, loans, free checking, and online banking to members who live, work, worship, attend school, or own a business in most of Northeast Tennessee and Southwest Virginia, as well as portions of Texas. Members have access to more than 50,000 free ATMs nationwide.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$9.1B

+13.5% YoY

Annual Giving

$1.7M

+254.6% YoY

Grant Count

30

+15.4% YoY

Avg Grant Size

$58K

+207.3% YoY

Research compiled by Grantable AI from public sources. Last updated April 2026.

Mission & Focus Areas

ECU operates to promote thrift by maintaining member accounts and issuing shares while providing superior value to its membership. The organization invests surplus funds to furnish cooperative financial services to members and maintains a commitment to extraordinary member service through its Service Excellence Program.

The organization's philanthropic focus areas include Education, Philanthropy, Voluntarism & Grantmaking, and Human Services, primarily serving Tennessee, Virginia, and Texas.

Grantmaking

ECU engages in charitable giving with recent grants ranging from $5,043 to $1,001,000. Total giving in 2024 was $1,913,703.

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Geographic Focus

Where this funder awards grants

ECU's grantmaking and service areas include Tennessee, Virginia, and Texas, with particular emphasis on Northeast Tennessee and Southwest Virginia communities.

Grant Distribution by State

3states

States

TennesseeTexasVirginia

Cities

AbingdonAlcoaBlountvilleBristolElizabethtonErwinGrayGreenevilleHiltonsJohnson CityJonesboroughKingsportKnoxvilleLongviewMarshallRogersvilleTyler

Financial History

Multi-year comparison from IRS filings

As of Fiscal Year 2024:

  • Total Assets: $9,097,283,047
  • Total Revenue: $535,980,677
  • Total Expenses: $403,354,283
  • Net Income: $132,626,394
  • Net Assets: $1,245,835,837
  • Total Members Served: 343,751
  • Member Deposits: $7,759,700,431
  • Employees: 1,161

Revenue Composition (2024):

  • Program Services: $477,914,261
  • Investment Income: $57,973,617
Revenue
Expenses
Qualifying Distributions
Net Investment Income
$0$147M$295M$442M$590M20202021202220232024
Metric202420232022
Total Assets$9,097,283,047$8,017,428,459$7,481,805,455
Revenue$535,980,677$436,090,758$342,469,069
Expenses$403,354,283$283,680,095$207,574,980
Qualifying Distributions———
Net Investment Income$57,958,083$40,180,959$20,809,898
Distributable Amount———

Giving Over Time

Total grant dollars and number of grants per year

$0$618K$1M$2M$2M39 grants202034 grants202128 grants202226 grants202330 grants2024

Grant Insights

How this funder distributes its grants

Top Recipients

Top 10 recipients in 2024

APPALACHIA SERVICE PROJE…$1.0MSECOND HARVEST FOOD BANK…$101KCITY OF KINGSPORT$100KKINGSPORT CHAMBER FOUNDA…$48KAMERICAN RED CROSS - NE …$33KHOLSTON HABITAT FOR HUMA…$32KSALVATION ARMY OF JOHNSO…$30KUNITED WAY OF EAST TN HI…$30KBARTER THEATRE$30KKINGSPORT CHAMBER OF COM…$30K

Grant Size Distribution

157 grants across all recorded years

141<$50K7$50–100K5$100–250K2$250–500K$500K–1M2$1–5M$5M+

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest include Appalachia Service Project Inc ($1,001,000), Second Harvest Food Bank of Ne Tn ($101,000), City of Kingsport ($100,000).

RecipientPurposeAmount
APPALACHIA SERVICE PROJECT INC JOHNSON CITY, TNHURRICANE HELENE RELIEF/EVENT SPONSORSHIP$1,001,000
SECOND HARVEST FOOD BANK OF NE TN JOHNSON CITY, TNEXPANSION PROJECT/HURRICANE HELENE RELIEF/EVENT SPONSORSHIP$101,000
CITY OF KINGSPORT KINGSPORT, TNBAYS MOUNTAIN PARK - PLANETARIUM SPONSORSHIP$100,000
KINGSPORT CHAMBER FOUNDATION INC KINGSPORT, TNGENERAL CONTRIBUTION/EVENT SPONSORSHIP$47,800
AMERICAN RED CROSS - NE TN CHAPTER KINGSPORT, TNHURRICANE HELENE RELIEF/GENERAL CONTRIBUTION$33,000
HOLSTON HABITAT FOR HUMANITY KINGSPORT, TNHURRICANE HELENE RELIEF$32,000
SALVATION ARMY OF JOHNSON CITY JOHNSON CITY, TNHURRICANE HELENE RELIEF/GENERAL CONTRIBUTION$30,000
UNITED WAY OF EAST TN HIGHLANDS JOHNSON CITY, TNHURRICANE HELENE RELIEF/GENERAL CONTRIBUTION$30,000
BARTER THEATRE ABINGDON, VAGENERAL CONTRIBUTION$30,000
KINGSPORT CHAMBER OF COMMERCE KINGSPORT, TNEVENT SPONSORSHIPS$29,675

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

KELLY PRICEPRESIDENT/CEO, DIRECTOR$1.2MTONJA FISHEVP, CHIEF FINANCIAL OFFICER$543KDARRELL DINSMOREEVP, CHIEF ADMINISTRATIVE OF…$503KJEREMIAH LOUNDSVP, CHIEF OPERATING OFFICER$420KDOLLY LINKOUSVP, CHIEF LENDING OFFICER$400KRUSSELL AYSCUEVP, CHIEF INFORMATION OFFICER$393KMATT WIMBERLEYVP, CHIEF LEGAL & RISK OFFICER$346KMARK MILLWOODVP, CHIEF HUMAN RESOURCE OFF…$344KTHOMAS KENNEDYVP, BUSINESS SERVICES$321KCHUCK PERRYVP, BRANCH OPERATIONS$278KMATTHEW SMITHVP, CHIEF MARKETING/ANALYTIC…$264KMICHELLE CLARKVP ENTERPRISE RISK MANAGEMENT$224KSCOTT DAVISVP, CONTROLLER$205KJILL ALLEYDIRECTOR, MEMBER CONTACT CEN…$201KOLAN JONESFORMER PRESIDENT/CEO$105K

From 2024 filing

NameTitleHoursCompensation
JEFF ANDERSONDIRECTOR3—
GARY BASSDIRECTOR2—
KRISTIE HAMMONDSDIRECTOR1—
J ANDREW HATFIELD JRDIRECTOR2—
E WAYNE KIRKCHAIRMAN OF THE BOARD (THRU 12/24)5—
KYLE MACIONEDIRECTOR2—
BRIAN MILLERSECRETARY/TREASURER2—
NORRIS SNEEDCHAIRMAN OF THE BOARD (AS OF 12/24)5—
JENNIFER STEWARTVICE CHAIRMAN OF THE BOARD2—
KELLY PRICEPRESIDENT/CEO, DIRECTOR40$1,237,631
TONJA FISHEVP, CHIEF FINANCIAL OFFICER40$542,933
DARRELL DINSMOREEVP, CHIEF ADMINISTRATIVE OFFICER40$502,700
DOLLY LINKOUSVP, CHIEF LENDING OFFICER40$399,938
MATT WIMBERLEYVP, CHIEF LEGAL & RISK OFFICER40$346,046
JEREMIAH LOUNDSVP, CHIEF OPERATING OFFICER40$419,836
RUSSELL AYSCUEVP, CHIEF INFORMATION OFFICER40$393,216
MARK MILLWOODVP, CHIEF HUMAN RESOURCE OFFICER40$343,568
MATTHEW SMITHVP, CHIEF MARKETING/ANALYTICS OFFICER40$263,766
THOMAS KENNEDYVP, BUSINESS SERVICES40$321,299
MICHELLE CLARKVP ENTERPRISE RISK MANAGEMENT40$224,410
SCOTT DAVISVP, CONTROLLER40$204,726
JILL ALLEYDIRECTOR, MEMBER CONTACT CENTER40$201,245
CHUCK PERRYVP, BRANCH OPERATIONS40$277,733
OLAN JONESFORMER PRESIDENT/CEO—$104,931

Recent News & Activity

Recent developments and announcements

2024

ECU has demonstrated significant philanthropic activity in response to recent disasters. In December 2024, the organization announced a $1 million donation to Appalachia Service Project to support Hurricane Helene relief efforts. The organization also pledged over $200,000 for flood relief and recovery initiatives. These contributions reflect ECU's commitment to supporting communities affected by natural disasters within its service region.

$1 million donation from Eastman Credit Union being used to build homes for

Frequently Asked Questions

What does Eastman Credit Union fund?

ECU operates to promote thrift by maintaining member accounts and issuing shares while providing superior value to its membership. The organization invests surplus funds to furnish cooperative financial services to members and maintains a commitment to extraordinary member service through its Service Excellence Program. The organization's philanthropic focus areas include Education, Philanthropy, Voluntarism & Grantmaking, and Human Services, primarily serving Tennessee, Virginia, and Texas.

How do I apply for a grant from Eastman Credit Union?

ECU engages in charitable giving with recent grants ranging from $5,043 to $1,001,000. Total giving in 2024 was $1,913,703. Recent significant grants include: • $1 million donation to Appalachia Service Project to support Hurricane Helene relief and recovery, closing the funding gap for 30 to 40 relief homes • Over $200,000 pledged for flood relief and recovery efforts The organization makes donations to local nonprofits in its service areas.

Where does Eastman Credit Union make grants?

ECU's grantmaking and service areas include Tennessee, Virginia, and Texas, with particular emphasis on Northeast Tennessee and Southwest Virginia communities.

What size grants does Eastman Credit Union award?

In 2024, Eastman Credit Union awarded 30 grants totaling $1.7M — an average of about $58K per grant, based on its IRS Form 990 filings.

What is Eastman Credit Union's EIN?

Eastman Credit Union's EIN (Employer Identification Number) is 62-6039479. IRS Form 990 filing data is available on this page for 2020–2024.

Explore Open Grants

Browse active grant opportunities in Eastman Credit Union's focus areas in our free grants database

Tennessee GrantsTexas GrantsVirginia Grants

Related Funders

Similar funders by location and focus area

Maclellan Center for Global Christian Ed

CHATTANOOGA, TN

Religion Related

Assets

$592K

Grants

1

Total Given

$48K

Anne Bransford Wallace Foundation

NASHVILLE, TN

Assets

$553K

Grants

40

Total Given

$43K

Springplace Presbyterian Church 280-5019032

KNOXVILLE, TN

Assets

$140K

Grants

1

Total Given

$6K

United Way of East Tennessee

JOHNSON CITY, TN

Philanthropy, Voluntarism & Grantmaking

Assets

$3.4M

Grants

12

Total Given

$202K

One Family Memphis

MEMPHIS, TN

Assets

$6.4M

Grants

0

Total Given

—

Southeast Center for Cooperative Development

NASHVILLE, TN

Education

Assets

$388K

Grants

1

Total Given

$20K

Data last updated June 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.

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