Established in 1994, Educational Credit Management Corporation (ECMC) is a nonprofit organization providing support for the administration of the Federal Family Education Loan Program as a student loan guaranty agency. ECMC serves as the designated guarantor in 13 states and provides third-party guarantor servicing for additional clients. Beyond its guarantor role, ECMC offers Solutions services to postsecondary institutions and operates The College Place network of college access centers. The organization provides comprehensive financial literacy, student loan counseling, default prevention services, and college access initiatives to help students and families plan and pay for college, with an emphasis on supporting low-income and first-generation students in achieving their education goals.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$209.1M
-29.1% YoY
Annual Giving
$177.0M
-33.7% YoY
Grant Count
293
+523.4% YoY
Avg Grant Size
$604K
-89.4% YoY
About Educational Credit
Based on IRS filings
Educational Credit is a nonprofit organization focused on Public, Societal Benefit, based in MINNEAPOLIS, MN. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $209.1M in total assets. In 2024, it awarded 293 grants totaling $177.0M. Net investment income was $1.4M.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $209,123,067 | $295,093,716 | $429,860,105 |
| Revenue | $264,998,856 | $318,087,346 | $361,979,726 |
| Expenses | $261,591,267 | $362,056,007 | $338,613,468 |
| Qualifying Distributions | — | — | — |
| Net Investment Income | $1,363,991 | $933,773 | $312,952 |
| 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
144 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 |
|---|---|---|---|
| DANIEL FISHER | PRESIDENT & CEO, ECMC GROUP | — | — |
| JAMES V MCKEON | BOARD CHAIR | 1 | — |
| DIANA J INGRAM | DIRECTOR | 1 | — |
| JACK O'CONNELL | DIRECTOR | 1 | — |
| JULIA S GOUW | DIRECTOR | 1 | — |
| DEREK LANGHAUSER | DIRECTOR | 1 | — |
| JAMES RUNCIE | DIRECTOR | 1 | — |
| JENNIFER ANDERSON | DIRECTOR | 1 | — |
| K PAUL SINGH | DIRECTOR | 1 | — |
| MARTIN SCANLON | CFO & TREASURER | — | — |
| BRIAN BOARDMAN | GENERAL COUNSEL & CORP SECRETARY | — | — |
| PAULA CRAW | VP, OUTREACH | 40 | $279,939 |
| THERESE BICKLER | VP, ECMC OPERATIONS | 40 | $345,093 |
| CHAD TATE | PRESIDENT, ECMC | 40 | $599,179 |
| JAN JACOBSON | DIR, CUSTOMER SERVICE | 40 | $205,258 |
| J HAMLIN SJOBERG | SR DIR, GUARANTOR SERVICES | 40 | $245,596 |
| HAN CHO | DIR, PORTFOLIO MANAGEMENT | 40 | $210,205 |
| NATHAN VICKERY | SR DIR, REPAYMENT SUCCESS CENTER | 40 | $254,849 |
| CHARLES NADEAU | DIR, ANALYTICS & REVENUE MGMT | 40 | $187,153 |
| JEREMY WHEATON | FORMER PRESIDENT & CEO, ECMC GROUP | — | — |
| JOHN F DEPODESTA | FORMER BOARD CHAIR | — | — |
Subject Areas
Focus areas based on grantmaking activity
Related Funders
Similar funders by location and focus area
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Assets
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Clearway Minnesota (sm)
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Assets
—
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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