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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 2023. Filed on November 14, 2024.

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 2023 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 60 total employees. Among the employees shown here, the average compensation is $120,793. The highest compensated employee at Leading Edge Credit Union is Chad Merrihew with fiscal year 2023 compensation of $255,223. Leading Edge Credit Union changed its name from Fulda Area Credit Union in 2021.

Revenue, expenses, and employee compensation

Revenue

$8,422,524

Expenses

$8,561,409

Employee compensation

$2,965,016
Revenue, expenses, and employee compensation over time

Reported Compensated Employees

Chad Merrihew
President and Chief Executive Officer
$255,223
$222,310 No related comp$32,913
Donna Tims
Chief Human Resources Officer
$139,203
$118,938 No related comp$20,265
Laura Honken
Chief Information Officer
$118,114
$105,412 No related comp$12,702
Melissa Gehl
Chief Marketing Officer
$97,940
$86,513 No related comp$11,427
Ryan Francis
Chief Financial Officer
$73,290
$65,649 No related comp$7,641
Brandie Swenson
Chief Financial Officer
$40,985
$35,947 No related comp$5,038

Benchmark Employee Compensation

Non-Employee Board Members

Phyllis Brunk
Secretary and Treasurer
$1,192
$1,192 No related compNo other comp
Cheryl Janssen
Board Member
$1,139
$1,139 No related compNo other comp
Mike Loosebrock
Vice Chair
$1,006
$1,006 No related compNo other comp
Randy Donahue
Chair
$678
$678 No related compNo other comp
Voris Spittle
Board Member
$312
$312 No related compNo other comp
Thomas Martin
Board Member
No compensation reported

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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