Iq Credit Union
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.
Iq Credit Union at a glance
In short: Iq Credit Union gave $239K across 17 grants in 2024 (avg $14K), mostly in Washington. Source: 2024 IRS Form 990.
- Annual giving (2024)
- $239,081
- +155.4% vs 2023
- Grants made (2024)
- 17
- +112.5% vs 2023
- Average grant
- $14,064
- +20.2% vs 2023
- Median grant
- $10,000
- Total assets
- $2,014,416,592
- -2.4% vs 2023
- Primary geography
- Washington (56% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990, 2024 View filing
Data from IRS Form 990, 2024; updated September 2026.
How to apply to Iq Credit Union
- How to Apply
-
Read With Me grants are awarded to educators selected through a grant application. The website does not state a general process for other donation requests. Scholarship applications are handled through the named school partnerships; these scholarships are for students, not grants to outside organizations.
- 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.
- Deadline
- Read With Me applications are available August 1 through September 30, 2026, for educators in Southwest Washington and…
- Contact
Mailing address: PO Box 1739, Vancouver, WA 98668-1739
Phone: (360) 695-3441
Website: https://iqcu.com
Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Who Iq Credit Union funds
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
The largest 2024 recipient was KGW ($72K). Together the top 10 received $190K.
Grant Size Distribution
44 grants across all recorded years
The most common grant size was under $50K: 43 grants of 44 (98%).
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
Share of 2024 grant dollars across all 17 itemized grants.
States
Cities
How Iq Credit Union gives
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.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2024, annual grant giving ranged from $45K (2022) to $239K (2024). In 2024 it made 17 grants totaling $239K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| KGW Cincinnati, OH | General Support | $71,678 |
| DBA Foundation for Vancouver Public Schools Vancouver, WA | General Support | $21,800 |
| NW Association for Blind Athletes Vancouver, WA | General Support | $20,000 |
| Childrens Miracle Network Hospitals Salt Lake City, UT | General Support | $15,000 |
| Mount St Helens Institute Amboy, WA | General Support | $12,000 |
| Clark County Latino Youth Leadership Battle Ground, WA | General Support | $10,000 |
| Columbia Play Project Vancouver, WA | General Support | $10,000 |
| Lighthouse Financial Foundation Vancouver, WA | General Support | $10,000 |
| Why Racing Events Inc Vancouver, WA | General Support | $10,000 |
| Gowest Foundation Seatac, WA | General Support | $9,850 |
Ready to take the next step with Iq Credit Union?
Financial History
Multi-year comparison from IRS filings
The filing type is Form 990 (a public charity).
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Net Investment Income |
|---|---|---|---|---|---|---|
| 2024 | $2,014,416,592 | $128,694,198 | $107,438,006 | $239,081 | 17 | $12,139,202 |
| 2023 | $2,064,834,274 | $114,383,646 | $108,295,755 | $93,595 | 8 | $8,801,543 |
| 2022 | $2,008,224,369 | $92,392,104 | $68,013,244 | $44,500 | 5 | $5,765,435 |
| 2021 | $1,792,465,816 | $77,633,682 | $58,167,316 | $91,200 | 10 | $1,437,916 |
| 2020 | $1,533,211,130 | $75,016,143 | $59,297,085 | $69,000 | 4 | $1,168,529 |
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.
IQ’s website separately describes a 2024 partnership with the FHLB Des Moines Member Impact Fund involving $62,000 in grants: $10,000 to Lighthouse Financial Foundation, $10,000 to Latino Leadership Northwest, $20,000 to Northwest Association for Blind Athletes, $10,000 to Columbia Play Project, and $12,000 to Mount St. Helens Institute. The website says the fund matched IQ’s contributions.
IQ also describes its Read With Me program: elementary educators may apply for funds to provide books their students can keep, while middle and high school educators may apply for literacy grants for ideas designed to engage students with reading. Separately, the website says it awards 12 scholarships each year—six through Clark College and six through Washington State University Vancouver—at $2,500 each.
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
The highest reported compensation on the 2024 filing was $891K, to Eric Petracca (President/CEO). 26 officers or directors reported compensation on that filing.
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.
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 November 15, 2021)
- Updated Form 990 for fiscal year 2021 (received by the IRS November 15, 2022)
- Updated Form 990 for fiscal year 2022 (received by the IRS November 10, 2023)
- Updated Form 990 for fiscal year 2023 (received by the IRS August 6, 2024)
- Updated Form 990 for fiscal year 2024 (received by the IRS November 17, 2025)
- IRS filings on file for fiscal years 2020–2024
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Cite this profile
Grantable. (2026). Iq Credit Union funder profile. GrantGraph. Retrieved October 20, 2026, from https://grantable.co/funders/iq-credit-union-morg_639ab10e69b44499b1e87de9d0aa5c9c
BibTeX
@misc{grantable_910576399_2026,
author = {{Grantable}},
title = {{Iq Credit Union funder profile}},
howpublished = {GrantGraph},
year = {2026},
url = {https://grantable.co/funders/iq-credit-union-morg_639ab10e69b44499b1e87de9d0aa5c9c},
note = {Accessed 2026-10-20. 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 Iq 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.
Iq Credit Union down — hundreds of funders to go?