Employees Credit Union
To be our members optimum service center for their financial needs.
Employees Credit Union at a glance
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.
- Grants paid (2025)
- $7,588 — reported as a total on the IRS filing, without an itemized list
- -10.6% vs 2024
- Total assets
- $195,220,109
- +12.1% vs 2024
- Revenue (2025)
- $11,550,751
- +7.3% vs 2024
- Net investment income (2025)
- $4,195,656
- +19.1% vs 2024
- Expenses (2025)
- $9,112,074
- +7.7% vs 2024
- Latest 990 filing
- Form 990, 2025 View filing
Data from IRS Form 990, 2025; updated October 2026.
Who Employees Credit Union funds
Giving History
Giving Over Time
Total grant dollars and number of grants per year
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.
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Net Investment Income |
|---|---|---|---|---|---|---|
| 2025 | $195,220,109 | $11,550,751 | $9,112,074 | $7,588 | Total only | $4,195,656 |
| 2024 | $174,076,159 | $10,760,989 | $8,456,816 | $8,488 | Total only | $3,522,129 |
| 2023 | $158,633,797 | $8,972,529 | $6,973,003 | $8,125 | Total only | $2,613,375 |
| 2022 | $147,822,214 | $6,217,747 | $3,873,087 | $5,500 | Total only | $1,078,624 |
| 2021 | $136,420,831 | $5,411,301 | $2,785,003 | $2,750 | Total only | $632,523 |
| 2020 | $118,458,064 | $5,619,668 | $3,222,225 | $50,000 | 1 | $992,192 |
"Total only": grants paid as reported on the IRS filing, which lists no individual grants for that year.
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.
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
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.
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 September 2, 2021)
- Updated Form 990 for fiscal year 2021 (received by the IRS June 21, 2022)
- Updated Form 990 for fiscal year 2022 (received by the IRS July 20, 2023)
- Updated Form 990 for fiscal year 2023 (received by the IRS May 22, 2024)
- Updated Form 990 for fiscal year 2024 (received by the IRS May 16, 2025)
- Added Form 990 for fiscal year 2025 (received by the IRS June 1, 2026)
Other open foundation grants in Iowa
Iowa Open opportunities, soonest deadline first.
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Similar Funders
Similar funders in Iowa
Community Fdn of Greater Des Moines F/K/a Greater Des Moines Community Fdn
Des Moines, IA
The Community Foundation of Greater Des Moines supports projects that improve quality of life in Greater Des Moines, including housing and transportation access, health, economic opportunity, inclusive communities, and nonprofit capacity-building. Its 2024 itemized grants had a median of about $12,900, though awards ranged from roughly $5,000 to $7.34 million.
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Total Given
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Pella Rolscreen Foundation
Pella, IA
The Pella Rolscreen Foundation supports charitable organizations working in education and community betterment, including civic, cultural, social, and physical-environment programs in communities where Pella Corporation employees live. Large grants generally range from $10,000 to $50,000 and typically cover no more than 25% of project costs; its 2024 grants had a median of $1,029. It accepts unsolicited requests from eligible 501(c)(3) nonprofits and government entities in communities where Pella has manufacturing plants.
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Total Given
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Prairie Meadows Race Track and Casino Inc
Altoona, IA
Prairie Meadows supports Iowa nonprofits in arts and culture, education, economic development, human services, and youth sports and recreation; Legacy grants focus on large-scale projects in central Iowa. Its programs offer $100–$1 million for Legacy, $100–$99,999 for Community Betterment, and $1,000–$50,000 for Youth Sports and Recreation. It accepts applications through its online system; the 2026 deadline was February 27, 2026, and has passed.
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$327.6M
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Total Given
$33.0M
Iowa Health Care Association Foundation
West Des Moines, IA
The Iowa Health Care Association Foundation funds scholarships and career-education resources for employees of member long-term-care organizations and Iowa high school students pursuing long-term-care careers. Its typical giving level varies: it awarded 287 grants totaling about $4.1 million in 2024, and the listed high school scholarship is $2,000. Its programs focus on Iowa; the profile does not state whether it accepts unsolicited requests.
Assets
$329K
Grants
287
Total Given
$4.1M
New Charitable Foundation
Fort Dodge, IA
Assets
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264
Total Given
$294K
Quad Cities Community Foundation
Bettendorf, IA
Quad Cities Community Foundation funds nonprofit operations and programs across areas including education, health, arts and culture, community development, youth, and the environment, primarily in Rock Island County, Illinois, and Scott County, Iowa, with some service to surrounding counties. Its 2024 grants had a median of $15,000; its Operations and Programs Grants program lists requests of $5,000–$20,000.
Assets
$209.7M
Grants
263
Total Given
$7.5M
More similar funders
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The filing figures on this page are open data under CC BY 4.0. About GrantGraph Open
Figures come from Employees 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.
Employees Credit Union down — hundreds of funders to go?