Educators Credit Union

Organization Overview

Educators Credit Union is located in Mt Pleasant, WI. As of 12/2021, Educators Credit Union employed 729 individuals. Educators Credit Union is a 501(c)(14) and as such, is described as a "State Chartered Credit Union, Mutual Reserve Fund" by the IRS.

For the year ending 12/2021, Educators Credit Union generated $148.4m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 10.5% each year . All expenses for the organization totaled $111.9m during the year ending 12/2021. While expenses have increased by 9.1% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Since 2015, Educators Credit Union has awarded 111 individual grants totaling $2,114,201. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

PASSIONATELY HELP PEOPLE BY EDUCATING AND ADVISING TO EARN THEIR LOYALTY.

Describe the Organization's Program Activity:

Part 3 - Line 4a

LENDING - PROVIDE BUSINESS AND CONSUMER LOANS AND LEASES WITH BALANCES OF $1,827,770,438.


SAVING - PROVIDE SAVING, CHECKING, CDS, IRAS, AND MONEY MARKET ACCOUNT WITH BALANCES OF $2,674,100,598.


WE HAVE OVER 216,000 MEMBERS AND FOCUS ON EDUCATING THEM IN OUR BRANCHES AS WELL AS THROUGH COMMUNITY ACTIVITIES.


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Board, Officers & Key Employees

Name (title)Compensation
Linda Hoover
CEO & President
$603,167
Kurt Johnson
CFO (thru Nov)
$286,434
Michael Mikkelson
Cio (thru October)
$244,795
Joseph Brazgel
Cio
$196,037
Shannon Huot
Chief Experience Officer
$191,497
James Justman
CFO
$177,306

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Edge One Inc
Atm/itm Service Provider
$1,296,162
Cdw Direct Llc
Computer Software/hardware
$1,477,159
Bukacek Construction
General Construction Contractor
$1,516,108
Jp Cullen & Sons Inc
General Construction Contractor
$1,378,879
Alkami Technology Inc
Online Banking Provider
$3,488,140
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$0
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$0
Total Program Service Revenue$134,137,593
Investment income $12,326,457
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $110,036
Net Gain/Loss on Asset Sales $244,693
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $163,719
Miscellaneous Revenue$0
Total Revenue $148,422,728

Grants Awarded

Over the last fiscal year, Educators Credit Union has awarded $367,546 in support to 9 organizations.

Grant RecipientAmount

ADVOCATE AURORA HEALTH FOUNDATION

Org PageRecipient Profile

Milwaukee, WI

PURPOSE: GENERAL SUPPORT

$125,000

JUNIOR ACHIEVEMENT

Org PageRecipient Profile

Colorado Springs, CO

PURPOSE: GENERAL SUPPORT

$55,000

Milwaukee, WI

PURPOSE: GENERAL SUPPORT

$52,000

UNITED WAY OF RACINE COUNTY

Org PageRecipient Profile

Racine, WI

PURPOSE: GENERAL SUPPORT

$46,871

Milwaukee, WI

PURPOSE: GENERAL SUPPORT

$28,000

RACINE KENOSHA COMMUNITYY ACTION AGENCY INC

Org PageRecipient Profile

Racine, WI

PURPOSE: GENERAL SUPPORT

$20,000
View Grant Profile

Peer Organizations

Organization NameAssets
Delta Dental Plan Of Michigan
Okemos, MI
$992,190,042
Mclaren Health Plan Inc
Flint, MI
$1,045,922,622
St Lukes Hospital Of Kansas City
Kansas City, MO
$1,070,641,998
Saint Thomas West Hospital
St Louis, MO
$1,081,181,844
St Cloud Hospital
St Cloud, MN
$1,117,982,242
Caresource Indiana Inc
Dayton, OH
$990,208,142
Woodmen Of The World Life Insurance Society
Omaha, NE
$1,020,619,814
Mercy Hospital Springfield
Springfield, MO
$1,115,699,805
Ssm Health Care Corporation
St Louis, MO
$1,033,534,741
Deaconess Hospital Inc
Evansville, IN
$1,102,144,618
Ascension St John Hospital
St Louis, MO
$965,978,781
Advocate North Side Health Network
Downers Grove, IL
$901,672,521

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