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Employees Credit Union

Public charity · Grantmaker Estherville, IA EIN: 42-0772828 Website

To be our members optimum service center for their financial needs.

Key facts about Employees Credit Union

In short: Employees Credit Union reported $8K in grants paid in 2025 (a total; its filing lists no individual grants). Source: 2025 IRS Form 990.

EIN
42-0772828
Latest 990 filing
Form 990, 2025
Grants paid (2025)
$7,588 — reported as a total on the IRS filing, without an itemized list
Total assets
$195,220,109

Data from IRS Form 990, 2025; updated October 2026.

Financial Overview

From 2025 IRS Form 990 · View filing

Total Assets

$195.2M

+12.1% YoY

Grants Paid (reported total)

$8K

-10.6% YoY

Revenue

$11.6M

+7.3% YoY

Net Investment Income

$4.2M

+19.1% YoY

About Employees Credit Union

Based on IRS filings

Employees Credit Union is a public charity, based in Estherville, IA. IRS filing data is available from 2020 through 2025. As of 2025, the organization holds $195.2M in total assets. In 2025, it reported $8K in grants paid as a total on its IRS filing, without an itemized list. Net investment income was $4.2M.

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Geographic Focus

Where this funder awards grants

States

Cities

Estherville

Giving Over Time

Total grant dollars and number of grants per year

$0$20K$40K$60K1 grant2020 Total only2021 Total only2022 Total only2023 Total only2024 Total only2025

From 2020 to 2025, annual grant giving ranged from $3K (2021) to $50K (2020). In 2025 it reported $8K in grants paid, as a total without an itemized list.

Hatched bars: grants paid as reported on the IRS filing, which lists no individual grants for that year.

Financial History

Multi-year comparison from IRS filings

Revenue
Expenses
Net Investment Income
$0$5M$10M$15M2020 2021 2022 2023 2024 2025
Metric202520242023
Total Assets$195,220,109$174,076,159$158,633,797
Revenue$11,550,751$10,760,989$8,972,529
Expenses$9,112,074$8,456,816$6,973,003
Net Investment Income$4,195,656$3,522,129$2,613,375

Data update history

When this profile's IRS filing data changed on Grantable

  1. Updated Form 990 for fiscal year 2020 (received by the IRS September 2, 2021)
  2. Updated Form 990 for fiscal year 2021 (received by the IRS June 21, 2022)
  3. Updated Form 990 for fiscal year 2022 (received by the IRS July 20, 2023)
  4. Updated Form 990 for fiscal year 2023 (received by the IRS May 22, 2024)
  5. Updated Form 990 for fiscal year 2024 (received by the IRS May 16, 2025)
  6. Added Form 990 for fiscal year 2025 (received by the IRS June 1, 2026)

Leadership & Key People

Officers and directors from IRS filings

Employees Credit Union is led by Mark Peters, CEO on every filing since 2020; 11 of 12 officers listed in 2025 are compensated.

Officers on the 2025 filing

  • Mark Peters

    CEO

    On filings since 2020

    40 hrs/week

    $188K (2020) → $320K (2025)

  • Sheila Borchers

    Chair

    Director → Vice Chair, 2024

    Vice Chair → Chair, 2025

    On filings since 2020

    1 hr/week

    $2K (2025)

  • Dan Jondle

    Director

    On filings since 2020

    1 hr/week

    $800 (2025)

  • Danny Hoffman

    Director

    On filings since 2020

    1 hr/week

    $2K (2025)

  • Jeanne Handeland

    Director

    On filings since 2020

    1 hr/week

    $2K (2025)

  • Terry Clark

    Director

    On filings since 2020

    1 hr/week

    $2K (2025)

  • Layne Anderson

    Director

    New on the 2025 filing

    1 hr/week

    $2K (2025)

  • Ryan Swalve

    Director

    New on the 2025 filing

    1 hr/week

    $2K (2025)

  • Justine Chrestiansen

    Director

    On filings since 2020

    1 hr/week

    No compensation reported

  • Edward Munn

    Vice Chair

    Vice Chair → Board Chair, 2024

    Board Chair → Vice Chair, 2025

    On filings since 2020

    1 hr/week

    $2K (2025)

  • Laurel Hash

    Loan Manager

    On filings since 2020

    40 hrs/week

    $104K (2020) → $121K (2025)

  • Dallas Quastad

    Loan Officer

    On filings since 2024

    40 hrs/week

    $102K (2024) → $104K (2025)

Former officers (1)
  • Former: Charlie Nourse (2020–2024) — Board Chair

Data from IRS Form 990 filings, 2020–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.

Compensation Overview

From 2025 IRS filing

Mark Peters — CEO: $320KMark PetersCEO$320KLaurel Hash — Loan Manager: $121KLaurel HashLoan Manager$121KDallas Quastad — Loan Officer: $104KDallas QuastadLoan Officer$104KSheila Borchers — Chair: $2KSheila BorchersChair$2KTerry Clark — Director: $2KTerry ClarkDirector$2KJeanne Handeland — Director: $2KJeanne HandelandDirector$2KDanny Hoffman — Director: $2KDanny HoffmanDirector$2KEdward Munn — Vice Chair: $2KEdward MunnVice Chair$2KLayne Anderson — Director: $2KLayne AndersonDirector$2KRyan Swalve — Director: $2KRyan SwalveDirector$2KDan Jondle — Director: $800Dan JondleDirector$800

The highest reported compensation on the 2025 filing was $320K, to Mark Peters (CEO). 11 officers or directors reported compensation on that filing.

Frequently asked questions about Employees Credit Union

How much does Employees Credit Union give each year?

Employees Credit Union reported $8K in grants paid in 2025 on its 2025 IRS Form 990, as a total without an itemized list of grants. In 2024 it reported $8K in grants paid.

How large is Employees Credit Union?

Employees Credit Union reported $195.2M in total assets on its 2025 IRS Form 990. Its revenue that year was $11.6M.

Where does Employees Credit Union operate?

Employees Credit Union has awarded grants in Iowa.

What is Employees Credit Union's EIN?

Employees Credit Union's EIN (Employer Identification Number) is 42-0772828. IRS Form 990 filing data is available on this page for 2020–2025.

Data last updated October 2026. Sourced from IRS Form 990 filings.

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