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Compensation 990 is an independent service that uses public IRS Form 990 filings as its source data. We clean and standardize this information, but the original filings may contain errors or omissions. Years on this site refer to the organization’s fiscal year end date on the filing.

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Organizations Leading Edge Credit Union

Leading Edge Credit Union

Fiscal year ending 2024. Filed on November 10, 2025.

1127 Ryans Road
Worthington, Minnesota 56187

Leading Edge Credit Union (EIN: 41-1563619) has filed an IRS Form 990 since at least fiscal year 2016. In its fiscal year 2024 IRS Form 990 filing, Leading Edge Credit Union, a 501(c)(14) state-chartered credit union or mutual reserve fund, reported compensation for 4 out of 60 total employees. Among the employees shown here, the average compensation is $145,377. The highest compensated employee at Leading Edge Credit Union is Chad Merrihew with fiscal year 2024 compensation of $253,030. Leading Edge Credit Union changed its name from Fulda Area Credit Union in 2021.

Revenue, expenses, and employee compensation

Revenue

$9,335,392

Expenses

$9,207,876

Employee compensation

$2,821,073
Revenue, expenses, and employee compensation over time

Reported Compensated Employees

Chad Merrihew
President and Chief Executive Officer
$253,030
$223,914 No related comp$29,116
Donna Tims
Chief Financial Officer
$148,016
$131,188 No related comp$16,828
Laura Honken
Chief Information Officer
$119,074
$110,449 No related comp$8,625
Angela Hennen
Chief Information Officer
$61,387
$50,613 No related comp$10,774

Benchmark Employee Compensation

Non-Employee Board Members

Cheryl Janssen
Board Member
Mike Loosebrock
Vice Chair
Nelson Bonilla
Board Member
Phyllis Brunk
Secretary and Treasurer
Randy Donahue
Chair

Contractors

Jack Henry & Associates
Core Data Processing Italk
$459,119

Mission Statement

WE ARE THE TRUSTED FINANCIAL COOPERATIVE FOCUSED ON PROVIDING EXCEPTIONAL PRODUCTS AND SERVICES TO BENEFIT THE FINANCIAL GROWTH AND FUTURE SUCCESS OF OUR COMMUNITIES AND MEMBERS.

Revisions to this organization profile

November 10, 2025:
2024 Leading Edge Credit Union 990 filed
November 14, 2024:
2023 Leading Edge Credit Union 990 filed
November 13, 2023:
2022 Leading Edge Credit Union 990 filed

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