Foundation Credit Union
To be the trusted provider of quality financial services that are economically competitive, while staying committed to enhancing the financial well-being of our members.
Foundation Credit Union at a glance
- Total assets
- $71,177,082
- +4.2% vs 2024
- Revenue (2025)
- $3,745,024
- +10.0% vs 2024
- Net investment income (2025)
- $305,056
- +8.3% vs 2024
- Expenses (2025)
- $3,427,189
- +6.7% vs 2024
- Latest 990 filing
- Form 990, 2025 View filing
Data from IRS Form 990, 2025; updated September 2026.
Who Foundation Credit Union funds
How this funder distributes its grants
Grant Size Distribution
1 grant across all recorded years
The most common grant size was under $50K: 1 grant of 1 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2023, annual grant giving ranged from $1K (2021) to $13K (2023). In 2023 it made 1 grant totaling $13K.
Hatched bars: grants paid as reported on the IRS filing, which lists no individual grants for that year.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| 1 individual scholarship Recipients not named | — | $12,500 |
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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 | $71,177,082 | $3,745,024 | $3,427,189 | — | — | $305,056 |
| 2024 | $68,300,825 | $3,405,120 | $3,212,389 | — | — | $281,743 |
| 2023 | $71,528,022 | $2,883,201 | $2,759,903 | $12,500 | 1 | $118,746 |
| 2022 | $75,745,911 | $2,698,734 | $2,265,788 | — | — | $259,704 |
| 2021 | $74,462,485 | $2,280,758 | $1,896,834 | $1,000 | Total only | $187,644 |
| 2020 | $66,261,166 | $2,063,818 | $1,867,434 | $3,306 | Total only | $259,700 |
| 2019 | $64,428,190 | $2,059,511 | $1,931,481 | — | — | $306,721 |
"Total only": grants paid as reported on the IRS filing, which lists no individual grants for that year.
About Foundation Credit Union
Based on IRS filings
Foundation Credit Union is a public charity focused on Economically disadvantaged people, based in Springfield, MO. IRS filing data is available from 2019 through 2025. As of 2025, the organization holds $71.2M in total assets. Net investment income was $305K.
Focus Areas
Leadership & Key People
Officers and directors from IRS filings
Foundation Credit Union is led by Stephanie Thomas, CEO & President since 2021 (on filings since 2019); 1 of 6 officers listed in 2025 is compensated.
Officers on the 2025 filing
Stephanie Thomas
CEO & President
Vice President, Interim President & CEO → CEO, 2020
CEO → CEO & President, 2021
On filings since 2019
40 hrs/week
$95K (2019) → $177K (2025)
James Arnott
Chairperson
Board Member → Chairperson, 2025
On filings since 2024
1 hr/week
No compensation reported
Brent D. Forbes
Board Member
Board Member → Chairman, 2023
Chairman → Board Member, 2024
On filings since 2019
1 hr/week
No compensation reported
Amber Salsman
Board Member
Chairman → Secretary & Treasurer, 2023
Secretary & Treasurer → Board Member, 2024
On filings since 2021
1 hr/week
No compensation reported
Chrysta Forrest
Secretary & Treasurer
Vice Chairman → Chairman, 2024
Chairman → Secretary & Treasurer, 2025
On filings since 2022
1 hr/week
No compensation reported
Clayton Allison
Vice Chairperson
Secretary & Treasurer → Vice Chairperson, 2025
On filings since 2024
1 hr/week
No compensation reported
Former officers (6)
- Former: Forrest Owens (2019–2023) — Board Member
- Former: Matthew S. Hudson (2019–2023) — Board Member
- Former: Jerome F. Ransom (2019–2021) — Vice Chairman
- Former: Debbie Hickey (2021) — Vice Chairman
- Former: Debra A. Hickey (2019–2020) — Vice President
- Former: Michele Sechler (2019) — President & CEO
Data from IRS Form 990 filings, 2019–2025. "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 $177K, to Stephanie Thomas (CEO/President).
Frequently asked questions about Foundation Credit Union
How large is Foundation Credit Union?
Foundation Credit Union reported $71.2M in total assets on its 2025 IRS Form 990. Its revenue that year was $3.7M.
What is Foundation Credit Union?
Foundation Credit Union is a public charity focused on Economically disadvantaged people, based in Springfield, MO. It holds $71.2M in total assets as of 2025.
Where does Foundation Credit Union operate?
Foundation Credit Union has awarded grants in Missouri.
What is Foundation Credit Union's EIN?
Foundation Credit Union's EIN (Employer Identification Number) is 44-0444355. IRS Form 990 filing data is available on this page for 2019–2025.
Data last updated September 2026. Sourced from IRS Form 990 filings.
Data update history
(4)
When this profile's IRS filing data changed on Grantable
- Updated Form 990 for fiscal year 2020 (received by the IRS March 26, 2021)
- Updated Form 990 for fiscal year 2021 (received by the IRS March 7, 2022)
- Added Form 990 for fiscal year 2025 (received by the IRS July 6, 2026)
- IRS filings on file for fiscal years 2019–2024
Explore Open Grants
Browse active grant opportunities in Foundation Credit Union's focus areas in our free grants database
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Figures come from Foundation 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.
Foundation Credit Union down — hundreds of funders to go?