Educators Credit Union
Educators Credit Union is a public charity based in Mount Pleasant, Wisconsin. Founded by teachers in 1937, it is a not-for-profit financial cooperative serving members across southeastern Wisconsin and nearby Illinois counties. Its community support includes grants to organizations and scholarships for graduating high school seniors.
Educators Credit Union at a glance
In short: Educators Credit Union gave $358K across 15 grants in 2024 (avg $24K), mostly in Wisconsin. 43% of 2024 grantees were new. Source: 2024 IRS Form 990.
- Annual giving (2024)
- $358,240
- +59.4% vs 2023
- Grants made (2024)
- 15
- +66.7% vs 2023
- Average grant
- $23,883
- -4.4% vs 2023
- Median grant
- $13,000
- Total assets
- $3,376,919,381
- +5.7% vs 2023
- New grantees (estimate)
- 43% first-time grantees (6 of 14, 2024; small sample)
- Primary geography
- Wisconsin (86% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990, 2024 View filing
Data from IRS Form 990, 2024; updated September 2026. New grantees are estimated by matching recipient names across years (methodology).
How to apply to Educators Credit Union
- Next open deadline
- January 31, 2027 (Educators Credit Union Scholarship)
- Contact
Mailing address: 321 Se Frontage Road, Mt Pleasant, WI 53177
Phone: (262) 886-5900
Website: https://ecu.com
Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Open Grants
1 open opportunity from Educators Credit Union
Who Educators Credit Union funds
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
The largest 2024 recipient was Junior Achievement of Wisconsin ($65K). Together the top 10 received $323K.
Grant Size Distribution
72 grants across all recorded years
The most common grant size was under $50K: 57 grants of 72 (79%).
Geographic Focus
Where this funder awards grants
The credit union’s website says membership is available to people who live or work in specified counties in Wisconsin and Illinois. Its 2024 grants went to recipients in Wisconsin and Arkansas; 86% of reported grant dollars went to Wisconsin recipients and 14% to Arkansas recipients.
Scholarship eligibility is limited to students enrolled in high schools in Dane, Green, Jefferson, Kenosha, Milwaukee, Ozaukee, Racine, Rock, Walworth, Washington or Waukesha County, Wisconsin.
Grant Distribution by State
Share of 2024 grant dollars across all 15 itemized grants.
Cities
Is Educators Credit Union open to new grantees?
43%
first-time grantees, 2024
In 2024, 6 of 14 grantees (43%) were first-time recipients. With only 14 grantees, that is a small sample: one grantee more or less moves the share by about 7 points. First grants averaged $28K; repeat grants $24K. How we count
Medians: $15K first-time, $14K repeat.
- 29% of 2024 grantees were also funded in 2023. Method
- Giving held roughly steady from 2021 to 2024 (−3%). Method
Estimate from itemized grant lists in IRS Form 990 filings (2020–2024). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2024, annual grant giving ranged from $225K (2023) to $472K (2020). In 2024 it made 15 grants totaling $358K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Junior Achievement of Wisconsin Milwaukee, WI | General Support | $65,000 |
| United Way of Racine County Racine, WI | General Support | $60,690 |
| The Bobby Portis Foundation Little Rock, AR | General Support | $50,000 |
| Racine Zoological Society Racine, WI | General Support | $50,000 |
| Milwaukee Public Schools Foundation Milwaukee, WI | General Support | $30,000 |
| Housing Resouces Inc Milwaukee, WI | General Support | $15,000 |
| Roc Foundation Inc Franklin, WI | General Support | $14,500 |
| Prohealth Care Waukesha, WI | General Support | $13,000 |
| Racinekenosha Community Action Agency Racine, WI | General Support | $10,000 |
| Black Arts Council of Racine Racine, WI | General Support | $10,000 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Net Investment Income |
|---|---|---|---|---|---|---|
| 2024 | $3,376,919,381 | $231,653,165 | $194,500,643 | $358,240 | 15 | $56,082,762 |
| 2023 | $3,193,764,972 | $221,505,827 | $177,468,893 | $224,759 | 9 | $61,871,505 |
| 2022 | $3,107,585,746 | $166,801,060 | $134,797,605 | $342,987 | 16 | $28,157,065 |
| 2021 | $3,054,224,938 | $148,422,728 | $111,926,804 | $367,546 | 9 | $12,571,150 |
| 2020 | $2,672,077,092 | $146,689,691 | $108,126,306 | $472,297 | 23 | $10,722,630 |
Research compiled by Grantable AI from public sources. Last updated September 2026.
Mission & Focus Areas
The organization’s 2024 filing states its goal is to be “the best credit union, not the largest,” by building member loyalty. Its website describes work in financial literacy, student education, fundraising and volunteering. The filing also describes educational seminars and tools intended to help members make financial decisions and build credit.
The 2024 grants went to organizations whose stated missions span education, community services, recreation, health and youth programs. For example, Junior Achievement of Wisconsin says it provides experience-based economic education to young people and the changing workforce; United Way of Racine County says it mobilizes community support to improve lives; and Milwaukee Public Schools Foundation says it promotes educational excellence and community participation in Milwaukee Public Schools. Racine Zoological Society describes its work as providing wildlife experiences, recreation and education, while ProHealth Care says its mission is to improve community health.
The credit union also awards scholarships to graduating high school seniors. Its website says awards are based on academic record, participation in school and community activities, and demonstration of one or more of its core values: honesty, integrity, fairness, respect and excellence.
Grantmaking
In filing year 2024, Educators Credit Union reported 15 grants totaling $358,240. Grant amounts ranged from $5,050 to $65,000, with a median of $13,000. Its largest reported grants included $65,000 to Junior Achievement of Wisconsin, $60,690 to United Way of Racine County, and $50,000 each to the Bobby Portis Foundation and Racine Zoological Society. These grants were listed for general support.
The credit union’s scholarship program offers $2,000 awards to graduating seniors who meet its eligibility requirements, including having an active Prime Share Savings account for at least one year, attending a qualifying high school, having a GPA of at least 3.0, and planning to attend an accredited college or technical school. The credit union reported selecting 35 seniors for scholarships in 2025. Its website says the application period has closed and directs visitors to return in January 2027 for the next application. The listed deadline for the scholarship is January 31, 2027.
Leadership & Key People
Leadership team and compensation from IRS filings
The 2024 filing lists Mary Lueneburg as chairperson; Cheryl Kothe as vice chairperson; Brad Zautcke as treasurer; and Paul Pelzek as secretary. It also lists Clarence Allen, Janet Days, Sarah Fierek, William Halsey and Nancy Majewski as board members, and Elton Demeti as an associate board member.
Educators Credit Union is led by Linda Hoover, CEO & President on every filing since 2020; 29 of 31 officers listed in 2024 are compensated.
Officers on the 2024 filing
Linda Hoover
CEO & President
On filings since 2020
40 hrs/week
$612K (2020) → $768K (2024)
Mary Lueneburg
Chairperson
On filings since 2020
1 hr/week
$3K (2020) → $4K (2024)
John O'Brien
Director Finance
New on the 2024 filing
40 hrs/week
$150K (2024)
Brad Zautcke
Treasurer
On filings since 2020
1 hr/week
$2K (2020) → $2K (2024)
Cheryl Kothe
Vice Chairperson
On filings since 2020
1 hr/week
$4K (2020) → $3K (2024)
Clarence Allen
Board Member
Board Member → Board Memmber, 2021
Board Memmber → Board Member, 2022
On filings since 2020
1 hr/week
$3K (2020) → $2K (2024)
Dale Dreher
Information Security Officer
On filings since 2020
40 hrs/week
$170K (2020) → $186K (2024)
Donald Lodge
Associate Board Member
On filings since 2020
1 hr/week
$550 (2020) → $2K (2024)
Elton Demeti
Associate Board Member
On filings since 2020
1 hr/week
$650 (2020) → $1K (2024)
Janet Days
Board Member
Associate Board Member → Board Member, 2024
On filings since 2020
1 hr/week
$850 (2020) → $2K (2024)
Logan Martin
Associate Board Member
On filings since 2020
1 hr/week
$2K (2020) → $2K (2024)
Maggie Feager
Senior Vice President Hr
Senior Vice President - Human Resources → Vice President Hr, 2021
Vice President Hr → Senior Vice President Hr, 2022
On filings since 2020
40 hrs/week
$160K (2020) → $177K (2024)
Milton Dockery
Secretary
On filings since 2020
1 hr/week
$850 (2020) → $0 (2024)
Nancy Majewski
Board Member
Board Member → Board Memmber, 2021
Board Memmber → Board Member, 2022
On filings since 2020
1 hr/week
$2K (2020) → $2K (2024)
Paul Pelzek
Secretary
Board Memmber → Board Member, 2022
Board Member → Secretary, 2024
On filings since 2020
1 hr/week
$2K (2020) → $3K (2024)
Sarah Fierek
Board Member
Board Member → Board Memmber, 2021
Board Memmber → Board Member, 2022
On filings since 2020
1 hr/week
$750 (2020) → $2K (2024)
Shannon Huot
Chief Experience Officer
Senior Vice President Marketing → Chief Experience Officer, 2021
On filings since 2020
40 hrs/week
$181K (2020) → $228K (2024)
William Halsey
Board Member
Board Member → Board Memmber, 2021
Board Memmber → Board Member, 2022
On filings since 2020
1 hr/week
$2K (2020) → $8K (2024)
James Justman
CFO
On filings since 2021
40 hrs/week
$177K (2021) → $321K (2024)
Joseph Brazgel
CIO
On filings since 2021
40 hrs/week
$196K (2021) → $300K (2024)
Lori Gorkowski
Chief Payment Officer
Vice President Payments → Chief Payment Officer, 2024
On filings since 2021
40 hrs/week
$162K (2021) → $193K (2024)
Ashley Madala
Chief Lending Officer
Vice President Lending → Chief Lending Officer, 2024
On filings since 2022
40 hrs/week
$173K (2022) → $193K (2024)
Glenn Brusky
Vice President Facilities
On filings since 2022
40 hrs/week
$165K (2022) → $253K (2024)
Jonathan Henkes
Vice President It
On filings since 2022
40 hrs/week
$168K (2022) → $192K (2024)
Rich Chiapete
Corporate Counsel & Chief Risk Officer
Corporate Attorney → Corporate Counsel & Chief Risk Officer, 2024
On filings since 2022
40 hrs/week
$173K (2022) → $225K (2024)
Angela Langdon
Vice President Risk Management
On filings since 2023
40 hrs/week
$157K (2023) → $164K (2024)
Kimberly Schmidt
Vice President Digital Services
New on the 2024 filing
40 hrs/week
$154K (2024)
Neil Staeck
Vice President Business Services
New on the 2024 filing
40 hrs/week
$156K (2024)
Scott Heine
Business Development Officer
New on the 2024 filing
40 hrs/week
$155K (2024)
Steven Lambert
Network Engineer
New on the 2024 filing
40 hrs/week
$149K (2024)
Sabina Lopez
Associate Board Member
New on the 2024 filing
1 hr/week
No compensation reported
Former officers (4)
- Former: Kurt Johnson (2020–2023) — Cro
- Former: James Henderson (2020–2021) — CAO
- Former: Michael Mikkelson (2020–2021) — CIO
- Former: Joe Brazgel (2020) — Vice President Information Systems
Data from IRS Form 990 filings, 2020–2024. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2024 IRS filing
The highest reported compensation on the 2024 filing was $768K, to Linda Hoover (CEO & President). 29 officers or directors reported compensation on that filing.
Frequently asked questions about Educators Credit Union
How much does Educators Credit Union give each year?
Educators Credit Union gave $358K across 15 grants in 2024, according to its 2024 IRS Form 990. In 2023 it gave $225K across 9 grants.
What is Educators Credit Union's typical grant size?
Educators Credit Union's median grant in 2024 was $13,000, and its average grant was $23,883, across 15 grants on its 2024 IRS Form 990. Organizations receiving their first grant from Educators Credit Union that year got $28K on average.
Where does Educators Credit Union give grants?
Educators Credit Union gives mostly in Wisconsin: 86% of the grant dollars itemized on its 2024 IRS Form 990 went to recipients there. The next largest state was Arkansas (14%). The most frequent recipient cities were Racine, WI (5 grants), Milwaukee, WI (3 grants), Franklin, WI (3 grants) and Kenosha, WI (2 grants).
Does Educators Credit Union give general operating support?
Yes: 100% of Educators Credit Union's 2024 grants with a stated purpose (15 of 15) were for general or operating support, per its 2024 IRS Form 990.
Who are Educators Credit Union's largest grantees?
Educators Credit Union's largest 2024 grantees include Junior Achievement of Wisconsin ($65,000), United Way of Racine County ($60,690) and The Bobby Portis Foundation ($50,000), according to its 2024 IRS Form 990. Together they received 49% of its itemized 2024 grant dollars.
How large is Educators Credit Union?
Educators Credit Union reported $3.4B in total assets on its 2024 IRS Form 990. Its revenue that year was $231.7M.
What does Educators Credit Union fund?
The organization’s 2024 filing states its goal is to be “the best credit union, not the largest,” by building member loyalty. Its website describes work in financial literacy, student education, fundraising and volunteering. See mission & focus areas ↑
How do I apply for a grant from Educators Credit Union?
Educators Credit Union has no public application process in the sources Grantable reviewed. Check ecu.com for current guidelines, or contact the foundation directly before submitting a request.
What is Educators Credit Union's EIN?
Educators Credit Union's EIN (Employer Identification Number) is 39-0555293. IRS Form 990 filing data is available on this page for 2020–2024.
Data last updated September 2026. Sourced from IRS Form 990 filings. Research dossier generated September 2026.
Data update history
(6)
When this profile's IRS filing data changed on Grantable
- Updated Form 990 for fiscal year 2020 (received by the IRS October 20, 2021)
- Updated Form 990 for fiscal year 2021 (received by the IRS November 10, 2022)
- Updated Form 990 for fiscal year 2022 (received by the IRS October 2, 2023)
- Updated Form 990 for fiscal year 2023 (received by the IRS October 21, 2024)
- Updated Form 990 for fiscal year 2024 (received by the IRS September 12, 2025)
- IRS filings on file for fiscal years 2020–2024
Other open foundation grants in Wisconsin
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Cite this profile
Grantable. (2026). Educators Credit Union funder profile. GrantGraph. Retrieved October 16, 2026, from https://grantable.co/funders/educators-credit-union-morg_5db61f27ec0a4d458deca9d4fc787e17
BibTeX
@misc{grantable_390555293_2026,
author = {{Grantable}},
title = {{Educators Credit Union funder profile}},
howpublished = {GrantGraph},
year = {2026},
url = {https://grantable.co/funders/educators-credit-union-morg_5db61f27ec0a4d458deca9d4fc787e17},
note = {Accessed 2026-10-16. Data licensed CC BY 4.0}
}The figures on this page are open data under CC BY 4.0: reuse them with credit to Grantable and a link. Download the data.
Figures come from Educators Credit Union's IRS filings (methodology). AI-written summaries, news items and logos are not covered by the open licence. Spot an error? Email hello@grantable.co.
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