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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 2021. Filed on November 14, 2022.

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 2021 IRS Form 990 filing, Leading Edge Credit Union, a 501(c)(14) state-chartered credit union or mutual reserve fund, reported compensation for 6 out of 76 total employees. Among the employees shown here, the average compensation is $116,661. The highest compensated employee at Leading Edge Credit Union is Chad Merrihew with fiscal year 2021 compensation of $228,401. Leading Edge Credit Union changed its name from Fulda Area Credit Union in 2021.

Revenue, expenses, and employee compensation

Revenue

$7,366,161

Expenses

$7,278,149

Employee compensation

$3,471,481
Revenue, expenses, and employee compensation over time

Reported Compensated Employees

Chad Merrihew
President and Chief Executive Officer
$228,401
$228,401 No related compNo other comp
Mike Reemtsma
Chief Operating Officer
$109,372
$109,372 No related compNo other comp
Laura Honken
Chief Information Officer
$102,112
$102,112 No related compNo other comp
Donna Tims
Chief Human Resources Officer
$98,184
$98,184 No related compNo other comp
Brandie Swenson
Chief Financial Officer
$84,490
$84,490 No related compNo other comp
Melissa Gehl
CMO
$77,409
$77,409 No related compNo other comp

Benchmark Employee Compensation

Non-Employee Board Members

Randy Donahue
Chair
$1,474
$1,474 No related compNo other comp
Tony Vanderbosch
Board Member
$950
$950 No related compNo other comp
Mike Loosebrock
Vice Chair
$869
$869 No related compNo other comp
Voris Spittle
Board Member
$771
$771 No related compNo other comp
Phyllis Brunk
Secretary and Treasurer
$682
$682 No related compNo other comp
Thomas Martin
ASST Secretary and Treasurer
No compensation reported
Rodney Byam
Board Member
No compensation reported

Contractors

Lsc
Debit and Credit Card Processing
$379,079
Jack Henry
Core Data Processing Italk
$355,214
Eo Johnson
IT
$115,054

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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