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Iq Credit Union

Public charity · Grantmaker Vancouver, WA EIN: 91-0576399 Website

IQ Credit Union is a member-owned financial institution based in Vancouver, Washington, that provides financial services to its members and supports community programs in the Pacific Northwest. Its community work includes nonprofit giving, education initiatives, and employee volunteering.

Key facts about Iq Credit Union

In short: Iq Credit Union gave $239K across 17 grants in 2024 (avg $14K), mostly in Washington. Source: 2024 IRS Form 990.

EIN
91-0576399
Latest 990 filing
Form 990, 2024
Annual giving (2024)
$239,081
Grants made (2024)
17
Average grant
$14,064
Median grant
$10,000
Total assets
$2,014,416,592
Primary geography
Washington (56% of itemized 2024 grant dollars)
How to apply
Read With Me grants are awarded to educators selected through a grant application. Full details ↓
Deadline
Read With Me applications are available August 1 through September 30, 2026, for educators in Southwest Washington and…

Data from IRS Form 990, 2024; updated September 2026. Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.

Financial Overview

From 2024 IRS Form 990 · View filing

Total Assets

$2.0B

-2.4% YoY

Annual Giving

$239K

+155.4% YoY

Grant Count

17

+112.5% YoY

Avg Grant Size

$14K

+20.2% YoY

How Iq Credit Union gives

  • 29% of 2024 grantees were also funded in 2023. Method
  • Giving grew 162% from 2021 to 2024. Method

Estimate from itemized grant lists in IRS Form 990 filings (2024). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.

Research compiled by Grantable AI from public sources. Last updated September 2026.

Mission & Focus Areas

The mission stated in the 2024 filing is to provide a full complement of quality financial services in a convenient, efficient, friendly, secure, and profitable manner to meet members’ needs. The filing says IQ provided financial services to 103,840 members, including loans, checking and savings programs, and credit cards.

IQ’s giving includes support for organizations working in education, youth development, financial literacy, sports for people with visual impairments, and environmental education. These are examples of grantee work, not stated as an exhaustive list of IQ’s priorities. For example, Mount St. Helens Institute says its mission is to advance understanding and stewardship of the Earth through science, education, and exploration of volcanic landscapes. Lighthouse Financial Foundation describes its work as providing financial education, coaching, and support to help people achieve financial stability. Columbia Play Project says it provides inclusive spaces and programs for shared play experiences.

Grantmaking

In filing year 2024, IQ reported 17 grants totaling $239,081. Grant amounts ranged from $5,200 to $71,678, with a median of $10,000. The largest reported awards included $71,678 to KGW, $21,800 to the Foundation for Vancouver Public Schools, $20,000 to Northwest Association for Blind Athletes, $15,000 to Children’s Miracle Network Hospitals, and $12,000 to Mount St. Helens Institute. The filing listed the purposes of these awards as general support.

Review Cycle

Read With Me applications are available August 1 through September 30, 2026, for educators in Southwest Washington and the Oregon counties of Clackamas, Hood River, Multnomah, Washington, and Yamhill. As of September 28, 2026, this application period is underway. The website lists Clark College scholarships as closed and WSU Vancouver applications as open in September 2026.

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Geographic Focus

Where this funder awards grants

IQ describes its community commitment as focused on the Pacific Northwest. Its 2024 grants went to recipients in Washington (56% of grant dollars), Ohio (30%), Oregon (8%), and Utah (6%). The Read With Me program is available to educators in Southwest Washington and specified Oregon counties.

Grant Distribution by State

4states

Share of 2024 grant dollars across all 17 itemized grants.

Cities

VancouverPortlandCamasSeatacCincinnatiRidgefieldSalt Lake CitySeattleAmboyBattle GroundHappy Valley

Giving Over Time

Total grant dollars and number of grants per year

$0$100K$200K$300K4 grants2020 10 grants2021 5 grants2022 8 grants2023 17 grants2024

From 2020 to 2024, annual grant giving ranged from $45K (2022) to $239K (2024). In 2024 it made 17 grants totaling $239K.

Grant Insights

How this funder distributes its grants

Top Recipients

Top 10 recipients in 2024

KGW: $72KKGW$72KDBA Foundation for Vancouver Public Schools: $22KDBA Foundation for VancouverPublic Schools$22KNW Association for Blind Athletes: $20KNW Association for BlindAthletes$20KChildrens Miracle Network Hospitals: $15KChildrens Miracle NetworkHospitals$15KMount St Helens Institute: $12KMount St Helens Institute$12KClark County Latino Youth Leadership: $10KClark County Latino YouthLeadership$10KColumbia Play Project: $10KColumbia Play Project$10KLighthouse Financial Foundation: $10KLighthouse FinancialFoundation$10KWhy Racing Events Inc: $10KWhy Racing Events Inc$10KGowest Foundation: $10KGowest Foundation$10K

The largest 2024 recipient was KGW ($72K). Together the top 10 received $190K.

Grant Size Distribution

44 grants across all recorded years

43<$50K1$50–100K$100–250K$250–500K$500K–1M$1–5M$5M+

The most common grant size was under $50K: 43 grants of 44 (98%).

Giving History

Grant recipients and amounts by year

RecipientPurposeAmount
KGW Cincinnati, OHGeneral Support$71,678
DBA Foundation for Vancouver Public Schools Vancouver, WAGeneral Support$21,800
NW Association for Blind Athletes Vancouver, WAGeneral Support$20,000
Childrens Miracle Network Hospitals Salt Lake City, UTGeneral Support$15,000
Mount St Helens Institute Amboy, WAGeneral Support$12,000
Clark County Latino Youth Leadership Battle Ground, WAGeneral Support$10,000
Columbia Play Project Vancouver, WAGeneral Support$10,000
Lighthouse Financial Foundation Vancouver, WAGeneral Support$10,000
Why Racing Events Inc Vancouver, WAGeneral Support$10,000
Gowest Foundation Seatac, WAGeneral Support$9,850

Financial History

Multi-year comparison from IRS filings

The filing type is Form 990 (a public charity).

Filing year Assets Revenue Expenses Grants
2024 $2,014,416,592 $128,694,198 $107,438,006 $239,081 (17)
2023 $2,064,834,274 $114,383,646 $108,295,755 $93,595 (8)
2022 $2,008,224,369 $92,392,104 $68,013,244 $44,500 (5)
Revenue
Expenses
Net Investment Income
$0$50M$100M$150M2020 2021 2022 2023 2024
Metric202420232022
Total Assets$2,014,416,592$2,064,834,274$2,008,224,369
Revenue$128,694,198$114,383,646$92,392,104
Expenses$107,438,006$108,295,755$68,013,244
Net Investment Income$12,139,202$8,801,543$5,765,435

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 November 15, 2021)
  2. Updated Form 990 for fiscal year 2021 (received by the IRS November 15, 2022)
  3. Updated Form 990 for fiscal year 2022 (received by the IRS November 10, 2023)
  4. Updated Form 990 for fiscal year 2023 (received by the IRS August 6, 2024)
  5. Updated Form 990 for fiscal year 2024 (received by the IRS November 17, 2025)
  6. IRS filings on file for fiscal years 2020–2024

Leadership & Key People

Leadership team and compensation from IRS filings

Officers and directors listed on the 2024 filing include Eric Petracca, President/CEO; Dan Medak, CFO; Kari Stansberry, SVP Chief Administrative Officer; Jordan Lehrman, SVP Chief Technology Officer; Ali Migaki, SVP Chief Experience Officer; and Gayle Gustafson, SVP Chief Lending Officer through April 2024. Other listed leaders include Ryan Greenwood, Investment Services Financial Advisor; Jon Davis, VP Investment Services; Jeremy Wiersma, VP Business Services; and Dianne Smith, VP Mortgage Services.

Iq Credit Union is led by Eric Petracca, President & CEO since 2021 (on filings since 2020); all 26 officers listed in 2024 are compensated.

Officers on the 2024 filing

  • Eric Petracca

    President & CEO

    Chief Operations Officer → President & CEO, 2021

    On filings since 2020

    48 hrs/week

    $231K (2020) → $891K (2024)

  • Douglas E. Lehrman

    Chairman

    Board Chairman → Chairman, 2024

    On filings since 2022

    5 hrs/week

    $24K (2022) → $29K (2024)

  • Ali Migaki

    Senior Vice President Chief Experience Officer

    Senior Vice President Retail Delivery → Senior Vice President Chief Retail Officer, 2021

    Senior Vice President Chief Retail Officer → Senior Vice President Chief Experience Officer, 2024

    On filings since 2020

    48 hrs/week

    $153K (2020) → $295K (2024)

  • Dianne Smith

    Vice President Mortgage Services

    Vice President of Mortgage Services → Vice President Mortgage Services, 2021

    On filings since 2020

    45 hrs/week

    $163K (2020) → $220K (2024)

  • Don Kitterman

    Board Member

    On filings since 2020

    2.5 hrs/week

    $15K (2020) → $18K (2024)

  • Gayle Gustafson

    Senior Vice President Chief Lending Officer

    Senior Vice President Lending & Clo → Chief Lending Officer, 2021

    Chief Lending Officer → Senior Vice President Chief Lending Officer, 2022

    On filings since 2020

    48 hrs/week

    $211K (2020) → $281K (2024)

  • Jil Click

    Board Member

    On filings since 2020

    2.5 hrs/week

    $15K (2020) → $8K (2024)

  • Joan Durgin

    Board Member

    On filings since 2020

    2.5 hrs/week

    $15K (2020) → $18K (2024)

  • Joseph Nutting

    Vice Chairman

    Board Treasurer → Board Vice Chairman, 2021

    Board Vice Chairman → Vice Chairman, 2024

    On filings since 2020

    4 hrs/week

    $18K (2020) → $22K (2024)

  • Kari Stansberry

    Senior Vice President Chief Administrator Officer

    Senior Vice President of Human Resources → Chief Administrative Officer, 2021

    Chief Administrative Officer → Senior Vice President Chief Administrator Officer, 2022

    On filings since 2020

    48 hrs/week

    $292K (2020) → $328K (2024)

  • Sharon Eastman

    Secretary

    Board Secretary → Secretary, 2024

    On filings since 2020

    4 hrs/week

    $18K (2020) → $22K (2024)

  • Steve Porter

    Board Member

    On filings since 2020

    2.5 hrs/week

    $15K (2020) → $18K (2024)

  • Arelene Hett

    Board Member

    On filings since 2021

    2.5 hrs/week

    $11K (2021) → $12K (2024)

  • Brian Loos

    Board Member

    On filings since 2021

    2.5 hrs/week

    $11K (2021) → $18K (2024)

  • Dan Medak

    CFO

    On filings since 2021

    48 hrs/week

    $146K (2021) → $341K (2024)

  • Evelyn D. Grendahl

    Treasurer

    Board Treasurer → Treasurer, 2024

    On filings since 2022

    4 hrs/week

    $20K (2022) → $22K (2024)

  • Jeremy Wiersma

    Vice President Business Services

    On filings since 2022

    45 hrs/week

    $223K (2022) → $223K (2024)

  • Jon Davis

    Vice President Investment Services

    On filings since 2022

    45 hrs/week

    $209K (2022) → $243K (2024)

  • Jordan Lehrman

    Senior Vice President Chief Technology Officer

    On filings since 2022

    48 hrs/week

    $226K (2022) → $315K (2024)

  • Ronald Alan Odermott

    Board Member

    On filings since 2022

    2.5 hrs/week

    $14K (2022) → $15K (2024)

  • Ryan Greenwood

    Investment Services Financial Advisor

    Investment Svcs Financial Advisor → Investment Services Financial Advisor, 2024

    On filings since 2022

    48 hrs/week

    $267K (2022) → $258K (2024)

  • Kevin Sherry

    Board Member

    On filings since 2023

    2.5 hrs/week

    $7K (2023) → $12K (2024)

  • Troy Graham

    Board Member

    On filings since 2023

    2.5 hrs/week

    $7K (2023) → $12K (2024)

  • Alicia Moore

    Board Member

    New on the 2024 filing

    2.5 hrs/week

    $10K (2024)

  • Russ Bernado

    Senior Vice President Chief Lending & Credit Officer

    New on the 2024 filing

    45 hrs/week

    $204K (2024)

  • Ryan Houle

    Board Member

    New on the 2024 filing

    2.5 hrs/week

    $7K (2024)

Former officers (16)
  • Former: Danette Lachapelle (2020–2023) — Senior Vice President Chief Committee Officer
  • Former: Denis Marsh (2020–2023) — Vice President Insurance Services
  • Former: James Askey (2022–2023) — Board Member
  • Former: Becky Navarre (2023) — Vice President Core Applications
  • Former: Luke Jenkins (2023) — Software Development Manager
  • Former: Dewayne Ledbetter (2020–2021) — Chief Committee Officer
  • Former: Doug Lehrman (2020–2021) — Board Chairman
  • Former: Evie Grendahl (2020–2021) — Board Treasurer
  • Former: Jim Askey (2020–2021) — Board Member
  • Former: Kelly Schrader (2020–2021) — President
  • Former: Melanie Josephson (2020–2021) — Mortgage Loan Officer
  • Former: Michael Booth (2020–2021) — Senior Mortgage Loan Officer
  • Former: Jonathan Davis (2021) — Vice President Investment & Retirement
  • Former: Ron Odermott (2021) — Board Member
  • Former: Jamie Dotson (2020) — Mortgage Loan Officer
  • Former: JIM Church (2020) — Board Vice Chairman

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

Eric Petracca — President/CEO: $891KEric PetraccaPresident/CEO$891KDan Medak — CFO: $341KDan MedakCFO$341KKari Stansberry — SVP Chief Admin. Officer: $328KKari StansberrySVP Chief Admin. Officer$328KJordan Lehrman — SVP Chief Technology Officer: $315KJordan LehrmanSVP Chief Technology Officer$315KAli Migaki — SVP Chief Experience Officer: $295KAli MigakiSVP Chief Experience Officer$295KGayle Gustafson — SVP Chief Lending Officer (Thru 4/24): $281KGayle GustafsonSVP Chief Lending Officer (Thru…$281KRyan Greenwood — Investment Services Financial Advisor: $258KRyan GreenwoodInvestment Services Financial…$258KJon Davis — VP Investment Services: $243KJon DavisVP Investment Services$243KJeremy Wiersma — VP Business Services: $223KJeremy WiersmaVP Business Services$223KDianne Smith — VP Mortgage Services: $220KDianne SmithVP Mortgage Services$220KRuss Bernado — SVP Chief Lending & Credit Officer: $204KRuss BernadoSVP Chief Lending & Credit…$204KDouglas E Lehrman — Chairman: $29KDouglas E LehrmanChairman$29KJoseph Nutting — Vice Chairman: $22KJoseph NuttingVice Chairman$22KSharon Eastman — Secretary: $22KSharon EastmanSecretary$22KEvelyn D Grendahl — Treasurer: $22KEvelyn D GrendahlTreasurer$22KBrian Loos — Board Member: $18KBrian LoosBoard Member$18KDon Kitterman — Board Member: $18KDon KittermanBoard Member$18KJoan Durgin — Board Member: $18KJoan DurginBoard Member$18KSteve Porter — Board Member: $18KSteve PorterBoard Member$18KRonald Alan Odermott — Board Member: $15KRonald Alan OdermottBoard Member$15KArelene Hett — Board Member: $12KArelene HettBoard Member$12KKevin Sherry — Board Member: $12KKevin SherryBoard Member$12KTroy Graham — Board Member: $12KTroy GrahamBoard Member$12KAlicia Moore — Board Member: $10KAlicia MooreBoard Member$10KJil Click — Board Member: $8KJil ClickBoard Member$8KRyan Houle — Board Member: $7KRyan HouleBoard Member$7K

The highest reported compensation on the 2024 filing was $891K, to Eric Petracca (President/CEO). 26 officers or directors reported compensation on that filing.

Contact

Mailing address: PO Box 1739, Vancouver, WA 98668-1739
Phone: (360) 695-3441
Website: https://iqcu.com

Frequently asked questions about Iq Credit Union

How much does Iq Credit Union give each year?

Iq Credit Union gave $239K across 17 grants in 2024, according to its 2024 IRS Form 990. In 2023 it gave $94K across 8 grants.

What is Iq Credit Union's typical grant size?

Iq Credit Union's median grant in 2024 was $10,000, and its average grant was $14,064, across 17 grants on its 2024 IRS Form 990.

Where does Iq Credit Union give grants?

Iq Credit Union gives mostly in Washington: 56% of the grant dollars itemized on its 2024 IRS Form 990 went to recipients there. The next largest states were Ohio (30%) and Oregon (8%). The most frequent recipient cities were Vancouver, WA (7 grants) and Portland, OR (2 grants).

Does Iq Credit Union give general operating support?

Yes: 100% of Iq Credit Union's 2024 grants with a stated purpose (17 of 17) were for general or operating support, per its 2024 IRS Form 990.

Who are Iq Credit Union's largest grantees?

Iq Credit Union's largest 2024 grantees include KGW ($71,678), DBA Foundation for Vancouver Public Schools ($21,800) and NW Association for Blind Athletes ($20,000), according to its 2024 IRS Form 990. Together they received 47% of its itemized 2024 grant dollars.

How large is Iq Credit Union?

Iq Credit Union reported $2.0B in total assets on its 2024 IRS Form 990. Its revenue that year was $128.7M.

What does Iq Credit Union fund?

The mission stated in the 2024 filing is to provide a full complement of quality financial services in a convenient, efficient, friendly, secure, and profitable manner to meet members’ needs. See mission & focus areas ↑

How do I apply for a grant from Iq Credit Union?

Read With Me grants are awarded to educators selected through a grant application. Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑

What is Iq Credit Union's EIN?

Iq Credit Union's EIN (Employer Identification Number) is 91-0576399. 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.

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