Mission
EDUCATIONAL CREDIT MANAGEMENT CORPORATION (ECMC) PROVIDES FINANCIAL COUNSELING AND EDUCATION TO EMPOWER STUDENTS TO MAKE BETTER CHOICES ABOUT THEIR FUTURES.
Public Charity
EDUCATIONAL CREDIT MANAGEMENT CORPORATION
EDUCATIONAL CREDIT MANAGEMENT CORPORATION is a Public Charity headquartered in MINNEAPOLIS, MN. Financial data from the 2024 filing: $265.0M revenue, $261.6M expenses, $209.1M total assets. 8 publicly reported grants to this organization, totaling roughly $39.3M, appear in IRS filings.
EIN: 411778617
MINNEAPOLIS, MN
Financial Institutions
NTEE: W60
Latest filing: 2024
Total Revenue$265.0M
Total Expenses$261.6M
Total Assets$209.1M
Grant Records8
Funding Total$39.3M
Filing Years2019–2024
Where $100 goes at Educational Credit Management Corporation
How Educational Credit Management Corporation divides every $100 it spends, from its own Form 990 filings, averaged across 7 years.
$87
Programs
the work itself
$13
Management
running the organization
$0
Fundraising
none reported
No fundraising costs are reported. That often means fundraising runs through a separate affiliated organization that files its own return.
Inside the $87 for programs
$52
Contributions made to ecmc group, inc.:Ecmc group, inc
$21
Bankruptcy servicing:ecmc services and monitors the bankruptcy cases on ffelp student loans currently under chapter 7 or 13 of the bankruptcy code
$7
Default aversion, claims and collection program:in ecmc's role as a federal student loan guarantor, we perform default prevention activities, reimburse lenders for default and other types of claims…
Plus 3 more programs. Cost per person served and the full program breakdown are on the full profile.
Source: Form 990 filings with the IRS, latest fiscal year 2024. Shares are from the organization's reported expenses. Data by Imperigo; not affiliated with the IRS.
Sample Grants Received
GENERAL SUPPORT
$12,611,000
PROJECT SUCCESS
$2,000,000
GENERAL SUPPORT
$15,188,000
PROJECT SUCCESS
$2,000,000
COLLEGE SUCCESS
$2,150,000
Showing up to 5 of 8 total records — full history available with membership.
Officers & Directors
GENERAL COUNSEL & CORP SECRETARY
Brian Boardman
PRESIDENT, ECMC
Chad Tate
DIR, ANALYTICS & REVENUE MGMT
Charles Nadeau
PRESIDENT & CEO, ECMC GROUP
Daniel Fisher
DIRECTOR
Derek Langhauser
DIRECTOR
Diana J Ingram
Officer compensation and complete director data available with membership.
Top Grant Purposes
Financial Trends
| Year | Revenue | Expenses | Assets |
|---|---|---|---|
| 2024 | $265.0M | $261.6M | $209.1M |
| 2023 | $318.1M | $362.1M | $295.1M |
| 2022 | $362.0M | $338.6M | $429.9M |
| 2020 | $274.4M | $293.2M | $904.9M |
| 2019 | $322.1M | $320.2M | $1.1B |
Between 2019 and 2024, reported annual revenue declined from $322.1M to $265.0M (-18%), with total assets most recently reported at $209.1M.
Interactive year-over-year charts and full filing details available with membership.