Eastman Credit Union
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
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
Cities
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
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| 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
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
Grant Size Distribution
157 grants across all recorded years
Giving History
Grant recipients and amounts by year
No grants recorded for .
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| JEFF ANDERSON | DIRECTOR | 3 | — |
| GARY BASS | DIRECTOR | 2 | — |
| KRISTIE HAMMONDS | DIRECTOR | 1 | — |
| J ANDREW HATFIELD JR | DIRECTOR | 2 | — |
| E WAYNE KIRK | CHAIRMAN OF THE BOARD (THRU 12/24) | 5 | — |
| KYLE MACIONE | DIRECTOR | 2 | — |
| BRIAN MILLER | SECRETARY/TREASURER | 2 | — |
| NORRIS SNEED | CHAIRMAN OF THE BOARD (AS OF 12/24) | 5 | — |
| JENNIFER STEWART | VICE CHAIRMAN OF THE BOARD | 2 | — |
| KELLY PRICE | PRESIDENT/CEO, DIRECTOR | 40 | $1,237,631 |
| TONJA FISH | EVP, CHIEF FINANCIAL OFFICER | 40 | $542,933 |
| DARRELL DINSMORE | EVP, CHIEF ADMINISTRATIVE OFFICER | 40 | $502,700 |
| DOLLY LINKOUS | VP, CHIEF LENDING OFFICER | 40 | $399,938 |
| MATT WIMBERLEY | VP, CHIEF LEGAL & RISK OFFICER | 40 | $346,046 |
| JEREMIAH LOUNDS | VP, CHIEF OPERATING OFFICER | 40 | $419,836 |
| RUSSELL AYSCUE | VP, CHIEF INFORMATION OFFICER | 40 | $393,216 |
| MARK MILLWOOD | VP, CHIEF HUMAN RESOURCE OFFICER | 40 | $343,568 |
| MATTHEW SMITH | VP, CHIEF MARKETING/ANALYTICS OFFICER | 40 | $263,766 |
| THOMAS KENNEDY | VP, BUSINESS SERVICES | 40 | $321,299 |
| MICHELLE CLARK | VP ENTERPRISE RISK MANAGEMENT | 40 | $224,410 |
| SCOTT DAVIS | VP, CONTROLLER | 40 | $204,726 |
| JILL ALLEY | DIRECTOR, MEMBER CONTACT CENTER | 40 | $201,245 |
| CHUCK PERRY | VP, BRANCH OPERATIONS | 40 | $277,733 |
| OLAN JONES | FORMER PRESIDENT/CEO | — | $104,931 |
Recent News & Activity
Recent developments and announcements
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 forRelated Funders
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Data last updated April 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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