EIN 62-6039479

Eastman Credit Union (ECU)

IRS 501(c) type
501(c)(14)
Num. employees
1,127
Year formed
1934
Most recent tax filings
2022-12-01
Description
Eastman Credit Union is a not-for-profit, financial services cooperative with over $3.1 billion in assets and serving over 155,000 members at over 20 branches. Credit Union members have access to more than 50,000 free ATMs nationwide and a wide range of financial services, including free checking and free online banking. Eastman Credit Union serves those who live, work, worship, attend school or own a business in most of Northeast Tennessee and Southwest Virginia, as well as a portion of Texas.
Related structure
ECU is child organization, under the parent exemption from Credit Unions Chartered in the State of Tennessee / State of Tn-Dept of Financial Insti.
Total revenues
$342,469,069
2022
Total expenses
$207,574,980
2022
Total assets
$7,481,805,455
2022
Num. employees
1,127
2022

Program areas at ECU

Operated during 2022 as a state chartered mutually owned Credit Union that promoted thrift by maintaining accounts and issuing shares resulting in superior value. Served 304,455 members with a variety of deposit products totaling $6,430,672,055.
Invested any surplus not required for loans to exercise those functions described in the law of the state of Tennessee authorizing the organization of Credit unions thereby furnishing other cooperative financial services to members.
Operated during 2022 as a state chartered mutually owned Credit Union that made loans to its members at reasonable rates of interest. Maintained a loan portfolio composed of consumer, mortgage, home equity, visa and member business loans that totaled $6,302,508,646.

Grants made by ECU

GranteeGrant descriptionAmount
Isaiah 117 HouseProject Assistance - Training Center$300,000
Ballad Health FoundationContribution - Bloodmobile$35,714
Barter TheatreAnnual Sponsorship$30,000
...and 25 more grants made totalling $705,319

Personnel at ECU

NameTitleCompensation
Kelly PricePresident and Chief Executive Officer$1,003,483
Jeremiah LoundsVice President , Chief Operating Officer$282,893
Tonja FishVice President , Chief Financial Officer$423,646
Debra BridwellSenior Vice President , Chief Marketing Officer$172,445
Russell AyscueVice President , Chief Information Officer$287,474
...and 21 more key personnel

Financials for ECU

RevenuesFYE 12/2022
Total grants, contributions, etc.$0
Program services$321,487,147
Investment income and dividends$20,562,384
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$172,024
Net gain from sale of non-inventory assets$247,514
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$0
Total revenues$342,469,069

Form 990s for ECU

Fiscal year endingDate received by IRSFormPDF link
2022-122023-05-04990View PDF
2021-122022-05-11990View PDF
2020-122021-05-14990View PDF
2019-122020-08-21990View PDF
2018-122019-08-02990View PDF
...and 9 more Form 990s
Data update history
July 6, 2023
Posted financials
Added Form 990 for fiscal year 2022
June 30, 2023
Updated personnel
Identified 6 new personnel
June 26, 2023
Used new vendors
Identified 2 new vendors, including , and
June 14, 2023
Posted financials
Added Form 990 for fiscal year 2021
May 26, 2023
Used new vendors
Identified 2 new vendors, including , and
Nonprofit Types
Credit unionsChapter / child organizations
Issues
No issues found
Characteristics
No characteristics found
General information
Address
PO Box 1989
Kingsport, TN 37662
Metro area
Kingsport-Bristol, TN-VA
County
Sullivan County, TN
Website URL
ecu.org/ 
Phone
(800) 999-2328
IRS details
EIN
62-6039479
Fiscal year end
December
Taxreturn type
Form 990
Year formed
1934
Eligible to receive tax-deductible contributions (Pub 78)
No
Categorization
NTEE code, primary
W60: Financial Institutions, Credit Unions
NAICS code, primary
522130: Credit Unions
Parent/child status
Child within group exemption
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