EDUCATIONAL CREDIT MANAGEMENT CORPORATION: Form 990, tax year 2010

View the entire original 990 at ProPublica ↗

Organization: EDUCATIONAL CREDIT MANAGEMENT CORPORATION (EIN 41-1778617)
Tax period: 2010-01-01 to 2010-12-31
Filed: 2011-08-10
IRS object ID: 201122229349301372
Schema version: 2010v3.2
Source: Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header
Form 990
Schedule A
Schedule D
Schedule I
Schedule J
Schedule O
Schedule R

Return header ReturnHeader

Field	Value	IRS element (for citing)
Timestamp	2011-08-10T12:57:06-07:00	Timestamp
Tax Period End Date	2010-12-31	TaxPeriodEndDate

Preparer Firm PreparerFirm

Preparer Firm Business Name PreparerFirmBusinessName

Field	Value	IRS element (for citing)
Business Name Line1	BAKER TILLY VIRCHOW KRAUSE LLP	BusinessNameLine1

Preparer Firm US Address PreparerFirmUSAddress

Field	Value	IRS element (for citing)
Address Line1	225 S 6TH ST STE 2300	AddressLine1
City	MINNEAPOLIS	City
State	MN	State
ZIP Code	55402	ZIPCode

Field	Value	IRS element (for citing)
Return Type	990	ReturnType
Tax Period Begin Date	2010-01-01	TaxPeriodBeginDate

Filer Filer

Field	Value	IRS element (for citing)
EIN	411778617	EIN

Name Name

Field	Value	IRS element (for citing)
Business Name Line1	EDUCATIONAL CREDIT MANAGEMENT CORPORATION	BusinessNameLine1

Field	Value	IRS element (for citing)
Name Control	EDUC	NameControl
Phone	6512210566	Phone

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	1 IMATION PLACE BUILDING 2	AddressLine1
City	OAKDALE	City
State	MN	State
ZIP Code	55128	ZIPCode

Officer Officer

Field	Value	IRS element (for citing)
Name	GREGORY VANGUILDER	Name
Title	CFO	Title
Phone	6512210566	Phone
Date Signed	2011-08-10	DateSigned

Preparer Preparer

Field	Value	IRS element (for citing)
Name	LAWRENCE H MOHR CPA	Name
Phone	6128764500	Phone

Field	Value	IRS element (for citing)
Tax Year	2010	TaxYear
Build TS	2016-02-24 21:20:13Z	BuildTS

Form 990 IRS990

Field	Value	IRS element (for citing)
Name Of Principal Officer Person	JANICE HINES	NameOfPrincipalOfficerPerson

Address Principal Officer US AddressPrincipalOfficerUS

Field	Value	IRS element (for citing)
Address Line1	1 IMATION PLACE BLDG 2	AddressLine1
City	OAKDALE	City
State	MN	State
ZIP Code	55128	ZIPCode

Field	Value	IRS element (for citing)
Gross Receipts	168269817	GrossReceipts
Group Return For Affiliates	false	GroupReturnForAffiliates
Organization501c3	X	Organization501c3
Web Site	www.ecmc.org	WebSite
Type Of Organization Corporation	X	TypeOfOrganizationCorporation
Year Formation	1994	YearFormation
State Legal Domicile	MN	StateLegalDomicile
Activity Or Mission Description	ECMC provides services in support of higher education finance. ECMC sponsors programs to help students and families plan and pay for college. ECMC works with schools and loan servicers to lower student loan default rates, promote financial literacy and provide resources for student loan borrowers to successfully repay their loans.	ActivityOrMissionDescription
Nbr Voting Members Governing Body	8	NbrVotingMembersGoverningBody
Nbr Independent Voting Members	7	NbrIndependentVotingMembers
Total Nbr Employees	837	TotalNbrEmployees
Total Nbr Volunteers	0	TotalNbrVolunteers
Total Gross UBI	0	TotalGrossUBI
Contributions Grants Current Year	0	ContributionsGrantsCurrentYear
Program Service Revenue Prior Year	125751877	ProgramServiceRevenuePriorYear
Program Service Revenue CY	168227121	ProgramServiceRevenueCY
Investment Income Prior Year	65874	InvestmentIncomePriorYear
Investment Income Current Year	42696	InvestmentIncomeCurrentYear
Other Revenue Current Year	0	OtherRevenueCurrentYear
Total Revenue Prior Year	125817751	TotalRevenuePriorYear
Total Revenue Current Year	168269817	TotalRevenueCurrentYear
Grants And Similar Amnts Prior Year	16653504	GrantsAndSimilarAmntsPriorYear
Grants And Similar Amnts CY	37818283	GrantsAndSimilarAmntsCY
Benefits Paid To Members CY	0	BenefitsPaidToMembersCY
Salaries Etc Prior Year	36699804	SalariesEtcPriorYear
Salaries Etc Current Year	37843616	SalariesEtcCurrentYear
Total Prof Fundrsng Exp CY	0	TotalProfFundrsngExpCY
Total Fundrsng Exp Current Year	0	TotalFundrsngExpCurrentYear
Other Expense Prior Year	59055869	OtherExpensePriorYear
Other Expenses Current Year	108037232	OtherExpensesCurrentYear
Total Expenses Prior Year	112409177	TotalExpensesPriorYear
Total Expenses Current Year	183699131	TotalExpensesCurrentYear
Revenues Less Expenses Prior Year	13408574	RevenuesLessExpensesPriorYear
Revenues Less Expenses CY	-15429314	RevenuesLessExpensesCY
Total Assets BOY	899450750	TotalAssetsBOY
Total Assets EOY	951710962	TotalAssetsEOY
Total Liabilities BOY	840587210	TotalLiabilitiesBOY
Total Liabilities EOY	813385487	TotalLiabilitiesEOY
Net Assets Or Fund Balances BOY	58863540	NetAssetsOrFundBalancesBOY
Net Assets Or Fund Balances EOY	138325475	NetAssetsOrFundBalancesEOY
Info In Schedule O Part III	X	InfoInScheduleOPartIII
Mission Description	ECMC sponsors programs to help students plan and pay for college, promote financial	MissionDescription
Significant New Program Services	false	SignificantNewProgramServices
Significant Change	false	SignificantChange
Expense	103377596	Expense
Grants	12690208	Grants
Revenue	140866689	Revenue
Description	DEFAULT AVERSION, CLAIMS AND COLLECTION PROGRAM: UPON THE GUARANTEE OF A LOAN UNDER THE FEDERAL FAMILY EDUCATION LOAN (FFEL)PROGRAM, THE GUARANTY AGENCY IS REQUIRED TO PERFORM VARIOUS FUNCTIONS ASSOCIATED WITH THE LOAN. WHEN REQUESTED BY A LENDER WHO HOLDS A DELINQUENT LOAN, THE GUARANTY AGENCY MUST PROVIDE DEFAULT AVERSION ASSISTANCE, WHICH INCLUDES CONTACTING THE BORROWER BY LETTER AND/OR PHONE TO DISCUSS WITH THE BORROWER THE CONSEQUENCES OF DEFAULTING ON A STUDENT LOAN, DISCUSSING FORBEARANCE AND DEFERMENT OPTIONS, AND ASSISTING THE BORROWER IN BRINGING THE LOAN CURRENT. IN CASES WHERE A BORROWER DEFAULTS ON A STUDENT LOAN, THE LENDER WILL FILE A CLAIM WITH THE GUARANTY AGENCY. THE FFEL PROGRAM REQUIRES THE GUARANTY AGENCY TO REIMBURSE THE LENDER FOR THE LOAN BY PAYING THE CLAIM. LENDERS	Description

Activity2 Activity2

Field	Value	IRS element (for citing)
Expense	61824169	Expense
Grants	25128075	Grants
Revenue	18434182	Revenue
Description	LOAN GUARANTEE PROGRAM: EDUCATIONAL CREDIT MANAGEMENT CORPORATION (ECMC) IS THE DESIGNATED GUARANTY AGENCY FOR VIRGINIA, OREGON, CONNECTICUT AND CALIFORNIA UNDER THE FEDERAL FAMILY EDUCATION LOAN (FFEL) PROGRAM. A GUARANTY AGENCY UNDER THE FFEL PROGRAM PROVIDES FEDERAL STUDENT LOAN GUARANTEES AND ONGOING PROCESSING SERVICES TO COMMERCIAL LENDERS AND POSTSECONDARY EDUCATION STUDENTS AND THEIR PARENTS FOR FFEL PROGRAM LOANS. ADDITIONAL SERVICES PROVIDED BY ECMC IN FULFILLING ITS ROLE AS A GUARANTY	Description

Activity3 Activity3

Field	Value	IRS element (for citing)
Expense	8926250	Expense
Revenue	8926250	Revenue
Description	BANKRUPTCY SERVICING: EDUCATIONAL CREDIT MANAGEMENT CORPORATION (ECMC) SERVICES AND MONITORS THE BANKRUPTCY CASES ON THE FFEL PROGRAM STUDENT LOANS CURRENTLY UNDER CHAPTER 7 OR 13 OF THE BANKRUPTCY CODE. THE BANKRUPTCY LOANS ARE TRANSFERRED FROM THE US DEPARTMENT OF EDUCATION AND OTHER GUARANTY AGENCIES FOR PROCESSING BY ECMC. THE BANKRUPTCY STUDENT LOAN PORTFOLIO AT DECEMBER 31, 2010 CONSISTED OF $2.3 BILLION IN OUTSTANDING PRINCIPAL, INTEREST AND FEES.	Description

Field	Value	IRS element (for citing)
Total Program Service Expense	174128015	TotalProgramServiceExpense
Described In501 C3	true	DescribedIn501C3
Schedule B Required	false	ScheduleBRequired
Political Activities	false	PoliticalActivities
Lobbying Activities	false	LobbyingActivities
Donor Advised Funds	false	DonorAdvisedFunds
Conservation Easements	false	ConservationEasements
Collections Of Art	false	CollectionsOfArt
Credit Counseling	false	CreditCounseling
Term Or Permanent Endowments	false	TermOrPermanentEndowments
Report Land Bldg Equip	true	ReportLandBldgEquip
Report Invest Oth Securities	false	ReportInvestOthSecurities
Report Prog Rel Invest	false	ReportProgRelInvest
Report Other Assets	true	ReportOtherAssets
Report Other Liabilities	true	ReportOtherLiabilities
Report Fin48 Footnote	false	ReportFin48Footnote
Independent Audit Financial Stmt	true	IndependentAuditFinancialStmt
Consolidated Audit Financial Stmt	true	ConsolidatedAuditFinancialStmt
School	false	School
Foreign Office	false	ForeignOffice
Foreign Activities	false	ForeignActivities
More Than5000 K To Organizations	false	MoreThan5000KToOrganizations
More Than5000 K To Individuals	false	MoreThan5000KToIndividuals
Professional Fundraising	false	ProfessionalFundraising
Fundraising Activities	false	FundraisingActivities
Gaming	false	Gaming
Hospital	false	Hospital
Grants To Organizations	true	GrantsToOrganizations
Grants To Individuals	true	GrantsToIndividuals
Schedule J Required	true	ScheduleJRequired
Tax Exempt Bonds	false	TaxExemptBonds
Excess Benefit Transaction	false	ExcessBenefitTransaction
Prior Excess Benefit Transaction	false	PriorExcessBenefitTransaction
Loan To Officer Or DQP	false	LoanToOfficerOrDQP
Grant To Related Person	false	GrantToRelatedPerson
Bsnss Rltnshp With Organization	false	BsnssRltnshpWithOrganization
Bsnss Rltnshp Thru Family Member	false	BsnssRltnshpThruFamilyMember
Officer Entity With Bsnss Rltnshp	false	OfficerEntityWithBsnssRltnshp
Deductible Non Cash Contributions	false	DeductibleNonCashContributions
Deductible Contributions Of Art	false	DeductibleContributionsOfArt
Terminated	false	Terminated
Partial Liquidation	false	PartialLiquidation
Disregarded Entity	false	DisregardedEntity
Related Entity	true	RelatedEntity
Related Org Controlled Entity	false	RelatedOrgControlledEntity
Transaction Related Entity	false	TransactionRelatedEntity
Activities Conducted Partnership	false	ActivitiesConductedPartnership
Schedule O Required	true	ScheduleORequired
Number Forms Transmitted With1096	103	NumberFormsTransmittedWith1096
Number W2 G Included	0	NumberW2GIncluded
Compliance With Backup Witholding	true	ComplianceWithBackupWitholding
Number Of Employees	837	NumberOfEmployees
Employment Tax Returns Filed	true	EmploymentTaxReturnsFiled
Unrelated Business Income	false	UnrelatedBusinessIncome
Foreign Financial Account	false	ForeignFinancialAccount
Prohibited Tax Shelter Trans	false	ProhibitedTaxShelterTrans
Taxable Party Notification	false	TaxablePartyNotification
Non Deductible Contributions	false	NonDeductibleContributions
Quid Pro Quo Contributions	false	QuidProQuoContributions
Form8282 Property Disposed Of	false	Form8282PropertyDisposedOf
Funds To Pay Premiums	false	FundsToPayPremiums
Premiums Paid	false	PremiumsPaid
Indoor Tanning Services	false	IndoorTanningServices
Info In Schedule O Part VI	X	InfoInScheduleOPartVI
Nbr Voting Governing Body Members	8	NbrVotingGoverningBodyMembers
Number Independent Voting Members	7	NumberIndependentVotingMembers
Family Or Business Relationship	false	FamilyOrBusinessRelationship
Delegation Of Management Duties	false	DelegationOfManagementDuties
Changes To Organizing Docs	false	ChangesToOrganizingDocs
Material Diversion Or Misuse	false	MaterialDiversionOrMisuse
Members Or Stockholders	true	MembersOrStockholders
Election Of Board Members	true	ElectionOfBoardMembers
Decisions Subject To Approval	true	DecisionsSubjectToApproval
Minutes Of Governing Body	true	MinutesOfGoverningBody
Minutes Of Committees	true	MinutesOfCommittees
Officer Mailing Address	false	OfficerMailingAddress
Local Chapters	false	LocalChapters
Form990 Provided To Governing Body	true	Form990ProvidedToGoverningBody
Conflict Of Interest Policy	true	ConflictOfInterestPolicy
Annual Disclosure Covered Persons	true	AnnualDisclosureCoveredPersons
Regular Monitoring Enforcement	true	RegularMonitoringEnforcement
Whistleblower Policy	true	WhistleblowerPolicy
Document Retention Policy	true	DocumentRetentionPolicy
Compensation Process CEO	true	CompensationProcessCEO
Compensation Process Other	true	CompensationProcessOther
Investment In Joint Venture	false	InvestmentInJointVenture
States Where Copy Of Return Is Filed	NM	StatesWhereCopyOfReturnIsFiled
States Where Copy Of Return Is Filed	OR	StatesWhereCopyOfReturnIsFiled
Upon Request	X	UponRequest

The Books Are In Care Of TheBooksAreInCareOf

Field	Value	IRS element (for citing)
Name Person	GREGORY VANGUILDER	NamePerson
Telephone Number	6512210566	TelephoneNumber

Address US AddressUS

Field	Value	IRS element (for citing)
Address Line1	1 IMATION PLACE BLDG 2	AddressLine1
City	OAKDALE	City
State	MN	State
ZIP Code	55128	ZIPCode

Field	Value	IRS element (for citing)
Info In Schedule O Part VII	X	InfoInScheduleOPartVII

Form990 Part VII Section A Form990PartVIISectionA (29 entries)

TitleTitle	Average Hours Per WeekAverageHoursPerWeek	Individual Trustee Or DirectorIndividualTrusteeOrDirector	Reportable Comp From OrganizationReportableCompFromOrganization	Reportable Comp From Related OrgsReportableCompFromRelatedOrgs	Other CompensationOtherCompensation	OfficerOfficer	Highest Compensated EmployeeHighestCompensatedEmployee
ROBERT STEIN
Board Chair	1.00	X	0	85095	0
GARY COOK
Director	1.00	X	0	78595	0
ROBERTA COOPER RAMO
Director	1.00	X	0	74595	0
JOHN DEPODESTA
Director	1.00	X	0	90095	0
EDWARD JENNINGS
Director	1.00	X	0	68595	0
I KING JORDAN
Director	1.00	X	0	74095	0
JAMES MCKEON
Director	1.00	X	0	67095	0
RICHARD BOYLE
CEO/Director	17.00	X	0	1032758	66669	X
GREGORY VANGUILDER
CFO	14.00		0	458634	53397	X
STEVEN WELLVANG
Sec/Gen Coun	3.00		0	507669	57225	X
JANICE HINES
President	47.00		426999	0	47890	X
EDWARD SPEAR
CIO	52.00		0	368391	43871	X
ROBERTA SWEENEY
CBO	5.00		0	308673	33934	X
DANIEL FISHER
Vice Pres/Asst Sec	41.00		242760	0	49506	X
HEIDI JOHNSON
Exec Vice Pres	51.00		0	225696	47114	X
DAVID HAWN
Chief Bus Dev Off	14.00		0	496954	44379	X
MATTHEW MIKULSKI
Vice President	45.00		180932	0	41265	X
AMY SPARTZ
Sr Vice President	48		252822		10531	X
KATHLEEN KING
Controller	36			240889	35577	X
FRED CHAMBERS
Vice President	35		179296		36106	X
CAREY DUBBS
Vice President	12		210938		12637	X
MICHAEL HEFFERNAN
Vice President	52		159866		36388	X
MARIANNA O'BRIEN
Sr Vice President	0			180027	7235	X
HEATHER RENNER
Vice President	2			139589	26641	X
DEBORAH RUDE
Vice President	48		207132		22955	X
MARY SANDNESS
Vice President	47		201178		41506	X
MEGAN HOWIE
Account Specialist	41		254339		46179		X
JOSHUA MANDELMAN
Account Specialist	41		424630		29528		X
DAVID PETERSON
Account Specialist	41		357064		31626		X

Field	Value	IRS element (for citing)
Total Reportable Comp From Org	4263942	TotalReportableCompFromOrg
Total Reportable Comp Frm Rltd Orgs	4710782	TotalReportableCompFrmRltdOrgs
Total Other Compensation	980893	TotalOtherCompensation
Number Individuals GT100 K	119	NumberIndividualsGT100K
Formers Listed	true	FormersListed
Total Comp GT150 K	true	TotalCompGT150K
Compensation From Other Sources	false	CompensationFromOtherSources

Contractor Compensation ContractorCompensation (5 entries)

Address Line1AddressOfContractor/AddressUS/AddressLine1	CityAddressOfContractor/AddressUS/City	StateAddressOfContractor/AddressUS/State	ZIP CodeAddressOfContractor/AddressUS/ZIPCode	Description Of ServicesDescriptionOfServices	CompensationCompensation
GC SERVICES
6330 GULFTON	HOUSTON	TX	77081	Collection Agency	1621494
SGF SOFTWARE CO
2751 HENNEPIN AVE STE 115	MINNEAPOLIS	MN	55408	IT Consulting Agency	799244
OPPENHEIMER WOLFF & DONNELLY LLP
PLAZA VII STE 3300 45 S SEVENTH ST	MINNEAPOLIS	MN	55402	Legal	636284
BAKER TILLY VIRCHOW KRAUSE LLP
225 S 6TH ST STE 2300	MINNEAPOLIS	MN	55402	Accounting	523773
VIKMANIS & ASSOCIATES
BAY YACHT CLUB UNIT 515 740 S FEDER	POMPANO BEACH	FL	33062	Consulting	282323

Field	Value	IRS element (for citing)
Number Of Contractors GT100 K	18	NumberOfContractorsGT100K

Program Service Revenue ProgramServiceRevenue (5 entries)

DescriptionDescription	Business CodeBusinessCode	Total Revenue ColumnTotalRevenueColumn
Collection Revenue	900099	131213269
Default Aversion	900099	16998743
Acct Maint/Loan Processing	900099	9676236
Bankruptcy Servicing	900099	8926250
Standby Capacity	900099	1305500

Total Oth Program Service Revenue TotalOthProgramServiceRevenue

Field	Value	IRS element (for citing)
Total Revenue Column	107123	TotalRevenueColumn

Field	Value	IRS element (for citing)
Total Program Service Revenue	168227121	TotalProgramServiceRevenue

Investment Income InvestmentIncome

Field	Value	IRS element (for citing)
Total Revenue Column	42696	TotalRevenueColumn
Exclusion	$42,696	ExclusionAmount

Total Revenue TotalRevenue

Field	Value	IRS element (for citing)
Total Revenue Column	168269817	TotalRevenueColumn
Related Or Exempt Function Income	168227121	RelatedOrExemptFunctionIncome
Exclusion	$42,696	ExclusionAmount

Grants To Domestic Orgs GrantsToDomesticOrgs

Field	Value	IRS element (for citing)
Total	37783208	Total
Program Services	37783208	ProgramServices

Grants To Domestic Individuals GrantsToDomesticIndividuals

Field	Value	IRS element (for citing)
Total	35075	Total
Program Services	35075	ProgramServices

Comp Current Officers Directors CompCurrentOfficersDirectors

Field	Value	IRS element (for citing)
Total	6133174	Total
Program Services	5283788	ProgramServices
Management And General	849386	ManagementAndGeneral
Fundraising	0	Fundraising

Other Salaries And Wages OtherSalariesAndWages

Field	Value	IRS element (for citing)
Total	25402985	Total
Program Services	21723420	ProgramServices
Management And General	3679565	ManagementAndGeneral
Fundraising	0	Fundraising

Pension Plan Contributions PensionPlanContributions

Field	Value	IRS element (for citing)
Total	1947134	Total
Program Services	1668101	ProgramServices
Management And General	279033	ManagementAndGeneral
Fundraising	0	Fundraising

Other Employee Benefits OtherEmployeeBenefits

Field	Value	IRS element (for citing)
Total	2866021	Total
Program Services	2455300	ProgramServices
Management And General	410721	ManagementAndGeneral
Fundraising	0	Fundraising

Payroll Taxes PayrollTaxes

Field	Value	IRS element (for citing)
Total	1494302	Total
Program Services	1280168	ProgramServices
Management And General	214134	ManagementAndGeneral
Fundraising	0	Fundraising

Fees For Services Legal FeesForServicesLegal

Field	Value	IRS element (for citing)
Total	3128914	Total
Program Services	2953827	ProgramServices
Management And General	175087	ManagementAndGeneral
Fundraising	0	Fundraising

Fees For Services Accounting FeesForServicesAccounting

Field	Value	IRS element (for citing)
Total	939861	Total
Program Services	907626	ProgramServices
Management And General	32235	ManagementAndGeneral
Fundraising	0	Fundraising

Fees For Services Other FeesForServicesOther

Field	Value	IRS element (for citing)
Total	21665861	Total
Program Services	21122248	ProgramServices
Management And General	543613	ManagementAndGeneral
Fundraising	0	Fundraising

Advertising Advertising

Field	Value	IRS element (for citing)
Total	10131	Total
Program Services	10131	ProgramServices
Management And General	0	ManagementAndGeneral
Fundraising	0	Fundraising

Office Expenses OfficeExpenses

Field	Value	IRS element (for citing)
Total	4870143	Total
Program Services	4437464	ProgramServices
Management And General	432679	ManagementAndGeneral
Fundraising	0	Fundraising

Information Technology InformationTechnology

Field	Value	IRS element (for citing)
Total	2858048	Total
Program Services	1143640	ProgramServices
Management And General	1714408	ManagementAndGeneral
Fundraising	0	Fundraising

Occupancy Occupancy

Field	Value	IRS element (for citing)
Total	2083580	Total
Program Services	1740295	ProgramServices
Management And General	343285	ManagementAndGeneral
Fundraising	0	Fundraising

Travel Travel

Field	Value	IRS element (for citing)
Total	836393	Total
Program Services	606489	ProgramServices
Management And General	229904	ManagementAndGeneral
Fundraising	0	Fundraising

Conferences Meetings ConferencesMeetings

Field	Value	IRS element (for citing)
Total	144888	Total
Program Services	76688	ProgramServices
Management And General	68200	ManagementAndGeneral
Fundraising	0	Fundraising

Payments To Affiliates PaymentsToAffiliates

Field	Value	IRS element (for citing)
Total	12156022	Total
Program Services	12156022	ProgramServices
Management And General	0	ManagementAndGeneral
Fundraising	0	Fundraising

Depreciation Depletion DepreciationDepletion

Field	Value	IRS element (for citing)
Total	6250745	Total
Program Services	5710194	ProgramServices
Management And General	540551	ManagementAndGeneral
Fundraising	0	Fundraising

Insurance Insurance

Field	Value	IRS element (for citing)
Total	465123	Total
Program Services	406808	ProgramServices
Management And General	58315	ManagementAndGeneral
Fundraising	0	Fundraising

Other Expenses OtherExpenses (4 entries)

DescriptionDescription	TotalTotal	Program ServicesProgramServices
Default Aversion fees	40199099	40199099
Commission expense	12374806	12374806
Miscellaneous expense	53032	53032
Federal Default fees	586	586

Total Functional Expenses TotalFunctionalExpenses

Field	Value	IRS element (for citing)
Total	183699131	Total
Program Services	174128015	ProgramServices
Management And General	9571116	ManagementAndGeneral
Fundraising	0	Fundraising

Cash Non Interest Bearing CashNonInterestBearing

Field	Value	IRS element (for citing)
BOY	4363141	BOY
EOY	44954706	EOY

Savings And Temp Cash Investments SavingsAndTempCashInvestments

Field	Value	IRS element (for citing)
BOY	8690402	BOY
EOY	57449214	EOY

Accounts Receivable AccountsReceivable

Field	Value	IRS element (for citing)
BOY	40073173	BOY
EOY	38085124	EOY

Other Notes Loans Receivable Net OtherNotesLoansReceivableNet

Field	Value	IRS element (for citing)
BOY	9758601	BOY
EOY	7967359	EOY

Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges

Field	Value	IRS element (for citing)
BOY	1104994	BOY
EOY	2951548	EOY

Field	Value	IRS element (for citing)
Land Buildings Equipment Basis	50615127	LandBuildingsEquipmentBasis
Land Bldg Equipment Accum Deprec	20340485	LandBldgEquipmentAccumDeprec

Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet

Field	Value	IRS element (for citing)
BOY	27441619	BOY
EOY	30274642	EOY

Intangible Assets IntangibleAssets

Field	Value	IRS element (for citing)
BOY	846969	BOY
EOY	635227	EOY

Other Assets Total OtherAssetsTotal

Field	Value	IRS element (for citing)
BOY	807171851	BOY
EOY	769393142	EOY

Total Assets TotalAssets

Field	Value	IRS element (for citing)
BOY	899450750	BOY
EOY	951710962	EOY

Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses

Field	Value	IRS element (for citing)
BOY	29689852	BOY
EOY	89452690	EOY

Other Liabilities OtherLiabilities

Field	Value	IRS element (for citing)
BOY	810897358	BOY
EOY	723932797	EOY

Total Liabilities TotalLiabilities

Field	Value	IRS element (for citing)
BOY	840587210	BOY
EOY	813385487	EOY

Field	Value	IRS element (for citing)
Follow SFAS117	X	FollowSFAS117

Unrestricted Net Assets UnrestrictedNetAssets

Field	Value	IRS element (for citing)
BOY	58863540	BOY
EOY	138325475	EOY

Total Net Assets Fund Balances TotalNetAssetsFundBalances

Field	Value	IRS element (for citing)
BOY	58863540	BOY
EOY	138325475	EOY

Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances

Field	Value	IRS element (for citing)
BOY	899450750	BOY
EOY	951710962	EOY

Field	Value	IRS element (for citing)
Info In Schedule O Part XI	X	InfoInScheduleOPartXI
Reconcilation Revenue Expenses	-15429314	ReconcilationRevenueExpenses
Reconcilation Other Changes	94891249	ReconcilationOtherChanges
Method Of Accounting Accrual	X	MethodOfAccountingAccrual
Accountant Compile Or Review	false	AccountantCompileOrReview
FS Audited	true	FSAudited
Audit Committee	true	AuditCommittee
Financial Statement Both	X	FinancialStatementBoth
Federal Grant Audit Required	true	FederalGrantAuditRequired
Federal Grant Audit Performed	true	FederalGrantAuditPerformed

Schedule A IRS990ScheduleA

Field	Value	IRS element (for citing)
Publicly Supported Org509a2	X	PubliclySupportedOrg509a2
Public Support Total170	0	PublicSupportTotal170

Gross Investment Income170 GrossInvestmentIncome170

Field	Value	IRS element (for citing)
Total	0	Total

Field	Value	IRS element (for citing)
Public Support Pertcentage170	0	PublicSupportPertcentage170

Gross Receipts From Admissions GrossReceiptsFromAdmissions

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	86071094	CurrentTaxYearMinus4Years
Current Tax Year Minus3 Years	98266423	CurrentTaxYearMinus3Years
Current Tax Year Minus2 Years	135842876	CurrentTaxYearMinus2Years
Current Tax Year Minus1 Year	125751877	CurrentTaxYearMinus1Year
Current Tax Year	168227121	CurrentTaxYear
Total	614159391	Total

Total509 Total509

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	86071094	CurrentTaxYearMinus4Years
Current Tax Year Minus3 Years	98266423	CurrentTaxYearMinus3Years
Current Tax Year Minus2 Years	135842876	CurrentTaxYearMinus2Years
Current Tax Year Minus1 Year	125751877	CurrentTaxYearMinus1Year
Current Tax Year	168227121	CurrentTaxYear
Total	614159391	Total

Amts From Subst Contributors AmtsFromSubstContributors

Field	Value	IRS element (for citing)
Current Tax Year Minus3 Years	303710	CurrentTaxYearMinus3Years
Current Tax Year Minus1 Year	47322	CurrentTaxYearMinus1Year
Total	351032	Total

Support From DQ Ps Etc SupportFromDQPsEtc

Field	Value	IRS element (for citing)
Current Tax Year Minus3 Years	303710	CurrentTaxYearMinus3Years
Current Tax Year Minus1 Year	47322	CurrentTaxYearMinus1Year
Total	351032	Total

Field	Value	IRS element (for citing)
Public Support Total509	613808359	PublicSupportTotal509

Gross Investment Income509 GrossInvestmentIncome509

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	1368164	CurrentTaxYearMinus4Years
Current Tax Year Minus3 Years	1910015	CurrentTaxYearMinus3Years
Current Tax Year Minus2 Years	1329555	CurrentTaxYearMinus2Years
Current Tax Year Minus1 Year	65874	CurrentTaxYearMinus1Year
Current Tax Year	42696	CurrentTaxYear
Total	4716304	Total

Investment Income And UBTI InvestmentIncomeAndUBTI

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	1368164	CurrentTaxYearMinus4Years
Current Tax Year Minus3 Years	1910015	CurrentTaxYearMinus3Years
Current Tax Year Minus2 Years	1329555	CurrentTaxYearMinus2Years
Current Tax Year Minus1 Year	65874	CurrentTaxYearMinus1Year
Current Tax Year	42696	CurrentTaxYear
Total	4716304	Total

Other Income509 OtherIncome509

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	625	CurrentTaxYearMinus4Years
Current Tax Year Minus3 Years	2600	CurrentTaxYearMinus3Years
Total	3225	Total

Total Support Total TotalSupportTotal

Field	Value	IRS element (for citing)
Total	618878920	Total

Field	Value	IRS element (for citing)
Public Support Percentage509	0.99180	PublicSupportPercentage509
Prior Year Support Percentage	0.98930	PriorYearSupportPercentage
Investment Income Percentage	0.00760	InvestmentIncomePercentage
Prior Yr Invest Income Percentage	0.01000	PriorYrInvestIncomePercentage
Thirty Three Percnt Tests CY509	X	ThirtyThreePercntTestsCY509
Facts And Circumstances Test	OTHER INCOME PART III, LINE 12; DESCRIPTION: MISCELLANEOUS INCOME; 2006: 625.; 2007: 2600.;	FactsAndCircumstancesTest

Schedule D IRS990ScheduleD

Leasehold Improvements LeaseholdImprovements

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	8401501	OtherCostOrOtherBasis
Depreciation	1659965	Depreciation
Book Value	6741536	BookValue

Equipment Equipment

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	9816064	OtherCostOrOtherBasis
Depreciation	5070395	Depreciation
Book Value	4745669	BookValue

Other Land Buildings OtherLandBuildings

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	32397562	OtherCostOrOtherBasis
Depreciation	13610125	Depreciation
Book Value	18787437	BookValue

Field	Value	IRS element (for citing)
Total Of Book Value Land Buildings	30274642	TotalOfBookValueLandBuildings

Other Assets OtherAssets (9 entries)

DescriptionDescription	Book ValueBookValue
Custodial assets held for Guarantor Federal Reserve	471135807
Custodial assets held for Federal Services Bureau	238289924
Due from Federal Services Bureau	7887137
Due from Guarantor Federal Reserve	51160114
Due from ECMC Group, Inc.	728139
Due from ECMC Solutions Corporation	167159
Due from ECMC Records & Receivable Management Corporation	9792
Due from Educational Credit Services Company	546
Security Deposits	14524

Field	Value	IRS element (for citing)
Total Book Value Other Assets	769393142	TotalBookValueOtherAssets

Other Liabilities OtherLiabilities (7 entries)

DescriptionDescription	AmountAmount
Obligations to Guarantor Federal Reserve	$471,135,807
Obligations to Federal Services Bureau	$238,289,924
Due to ECMC Group, Inc.	$14,256,440
Due to Guarantor Federal Reserve	$137,525
Due to ECMC Holdings Corporation	$92,113
Due to ECMC Foundation	$20,488
Due to ECMC Solutions Corporation	$500

Field	Value	IRS element (for citing)
Total Of Amounts	723932797	TotalOfAmounts
Total Revenue	168269817	TotalRevenue
Total Expenses	183699131	TotalExpenses
Excess Or Deficit For Year	-15429314	ExcessOrDeficitForYear
Excess Or Deficit Per FS	-15429314	ExcessOrDeficitPerFS
Tot Revenue Etc Audited Fincl Stmt	159343567	TotRevenueEtcAuditedFinclStmt
Revenue Subtotal	159343567	RevenueSubtotal
Other Revenues Not Included	8926250	OtherRevenuesNotIncluded
Revenue Not Rptd On Fin Stmt	8926250	RevenueNotRptdOnFinStmt
Total Revenue Per Form990	168269817	TotalRevenuePerForm990
Tot Expenses Etc Audited Fincl Stmt	174772881	TotExpensesEtcAuditedFinclStmt
Expenses Subtotal	174772881	ExpensesSubtotal
Other Expenses Not Included	8926250	OtherExpensesNotIncluded
Expenses Not Rptd On Fin Stmt	8926250	ExpensesNotRptdOnFinStmt
Total Expenses Per Form990	183699131	TotalExpensesPerForm990

Form990 Schedule D Part XIV Form990ScheduleDPartXIV (2 entries)

IdentifierIdentifier	ExplanationExplanation
Pt XII Line 4b	Bankruptcy Servicing: $8,926,250.
Pt XIII Line 4b	Bankruptcy Servicing: $8,926,250.

Schedule I IRS990ScheduleI

Field	Value	IRS element (for citing)
Records Maintained	true	RecordsMaintained

Recipient Table RecipientTable (5 entries)

Address Line1AddressUS/AddressLine1	CityAddressUS/City	StateAddressUS/State	ZIP CodeAddressUS/ZIPCode	EIN Of RecipientEINOfRecipient	IRC SectionIRCSection	Amount Of Cash GrantAmountOfCashGrant	Purpose Of GrantPurposeOfGrant
ECMC GROUP INC
1 IMATION PLACE BLDG 2	OAKDALE	MN	55128	411991995	501(C)(3)	12690208	Education Opportunity
CALIFORNIA STUDENT AID COMMISSION
10834 INTERNATIONAL DRIVE SUITE 100	RANCHO CORDOVA	CA	95670	680317676		25000000	Education Grants
VIRGINIA FOUNDATION
101 N 14TH ST	RICHMOND	VA	23219	237004354	501(C)(3)	50000	Program Development
OAKDALE POLICE EXPLORER POST#271
1584 HADLEY AVENUE NORTH	OAKDALE	MN	55128	410885735	170(c)(1)	25000	General Support
OREGON PUBLIC BROADCASTIN
7140 SW MACADAM AVE	PORTLAND	OR	97219	930814638	501)(C)(3)	15000	Broadcast Support

Field	Value	IRS element (for citing)
Total Nbr Of501 C3 And Govt Grants	5	TotalNbrOf501C3AndGovtGrants
Total Nbr Of Other Organizations	0	TotalNbrOfOtherOrganizations

Form990 Schedule I Part III Form990ScheduleIPartIII (2 entries)

Type Of GrantTypeOfGrant	Number Of RecipientsNumberOfRecipients	Amount Of Cash GrantAmountOfCashGrant
College Night Scholarships	65	32500
College Access Scholarships	1	2575

Form990 Schedule I Part IV Form990ScheduleIPartIV (15 entries)

IdentifierIdentifier	ExplanationExplanation
Pt I Line 2	ECMC Group, Inc. is effectively the parent of Educational Credit Management
	Corporation (ECMC) and exercises oversight of ECMC by providing strategic
	direction and coordination of programs and services offered by ECMC.
	ECMC Group, Inc. authorizes the distribution from ECMC to ECMC Group, Inc.
	No monitoring of the distributions to ECMC Group, Inc. is required.
	Helping students gain access to higher education is core to ECMC's mission. As
	part of this mission and our commitment to the state of California, the ECMC Board
	of Directors approved a contribution of $25 million for the 2010-2011 Cal Grant
	Program, California's primary grant program that is administered by the
	California Student Aid Commission.
	The remainder of the grants and assistance to the other organizations listed in Part II
	are minimal in nature and generally are issued in support of student
	financial aid conferences and organizations and do not require monitoring.
	The scholarships listed in Part III are issued as jointly payable to the student
	and the school to ensure the funds are used for educational expenses.

Schedule J IRS990ScheduleJ

Field	Value	IRS element (for citing)
Idemnification Gross Up Payments	X	IdemnificationGrossUpPayments
Written Policy Re T And E Expenses	true	WrittenPolicyReTAndEExpenses
Substantiation Required	true	SubstantiationRequired
Compensation Committee	X	CompensationCommittee
Independent Consultant	X	IndependentConsultant
Compensation Survey	X	CompensationSurvey
Board Or Committee Approval	X	BoardOrCommitteeApproval
Severance Payment	true	SeverancePayment
Supplemental Nonqual Retire Plan	true	SupplementalNonqualRetirePlan
Equity Based Comp Arrangement	false	EquityBasedCompArrangement
Comp Based On Revenue Of Filing Org	true	CompBasedOnRevenueOfFilingOrg
Comp Based On Revenue Related Orgs	false	CompBasedOnRevenueRelatedOrgs
Comp Based Net Earnings Filing Org	true	CompBasedNetEarningsFilingOrg
Comp Based Net Earnings Relate Orgs	false	CompBasedNetEarningsRelateOrgs
Any Non Fixed Payments	false	AnyNonFixedPayments
Initial Contract Exception	false	InitialContractException

Form990 Schedule J Part II Form990ScheduleJPartII (30 entries)

Comp Based On Related OrgsCompBasedOnRelatedOrgs	Bonus Related OrgsBonusRelatedOrgs	Other Compensation Related OrgsOtherCompensationRelatedOrgs	Deferred Comp Related OrgsDeferredCompRelatedOrgs	Nontaxable Benefits Related OrgsNontaxableBenefitsRelatedOrgs	Total Compensation Related OrgsTotalCompensationRelatedOrgs	Base Compensation Filing OrgBaseCompensationFilingOrg	Bonus Filing OrgBonusFilingOrg	Other Compensation Filing OrgOtherCompensationFilingOrg	Deferred Comp Filing OrgDeferredCompFilingOrg	Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrg	Total Compensation Filing OrgTotalCompensationFilingOrg
RICHARD BOYLE
469631	370500	192627	51825	14844	1099427
GREGORY VANGUILDER
266269	183264	9101	34743	18654	512031
STEVEN WELLVANG
304269	186757	16643	36571	20654	564894
JANICE HINES
						249631	159119	18249	33046	14844	474889
EDWARD SPEAR
215766	142120	10505	30776	13094	412261
ROBERTA SWEENEY
198820	99143	10710	28034	5901	342608
DANIEL FISHER
						159892	72576	10292	25053	24454	292267
HEIDI JOHNSON
140315	77650	7731	23160	23954	272810
DAVID HAWN
191269	295819	9866	25725	18654	541333
MATTHEW MIKULSKI
						124462	53200	3270	19361	21904	222197
AMY SPARTZ
						27219	65751	159852	6108	4423	263353
KATHLEEN KING
156916	73774	10199	23733	11844	276466
FRED CHAMBERS
						116832	56000	6464	14666	21439	215401
CAREY DUBBS
						69529	56700	84709	8036	4600	223574
MICHAEL HEFFERNAN
						119149	35500	5217	16735	19654	196255
MARIANNA O'BRIEN
12405	79834	87788	5801	1435	187263
HEATHER RENNER
124391	12500	2698	14626	12015	166230
DEBORAH RUDE
						149065	54180	3887	21374	1581	230087
MARY SANDNESS
						144723	54180	2275	21402	20104	242684
MEGAN HOWIE
						35738	218476	125	25725	20454	300518
JOSHUA MANDELMAN
						39400	383432	1798	23627	5901	454158
DAVID PETERSON
						45733	311178	153	25725	5901	388690
BRONWYN RUSH
						33429	230170	740	20651	18654	303644
SPENCER WOODWARD
						35560	240789	1686	17702	5901	301638
JAMES MURRAY
13333					13333	29942					29942
THERESA SHAW
200004					200004
PAULA CRAW
						111605	25329	8577	12922	5901	164334
GERALDINE GJESDAHL
						105000	39000	3567	15172	500	163239
HUGH MCSHERRY
						118279	38750	3184	9219	18654	188086
JK SLAGSVOLD-JACOBSON
						109761	27500	3118	14804	18654	173837

Form990 Schedule J Part III Form990ScheduleJPartIII (5 entries)

IdentifierIdentifier	ExplanationExplanation
Pt I Line 1a	ECMC SPONSORS PROGRAMS TO HELP STUDENTS AND FAMILIES PLAN AND PAY FOR COLLEGE. WE WORK WITH SCHOOLS AND LOAN SERVICERS TO LOWER STUDENT LOAN DEFAULT RATES, PROMOTE FINANCIAL LITERACY AND PROVIDE RESOURCES TO SUPPORT STUDENT LOAN BORROWERS TO SUCCESSFULLY REPAY THEIR LOANS. CERTAIN TAXABLE BENEFITS ARE GROSSED UP TO MAKE THE EMPLOYEE WHOLE. THIS HAS BEEN APPROVED BY THE BOARD OF DIRECTORS.
Pt I Line 4a	The following received severance payments in 2010: Amy E. Spartz - $150,000 Marianna O'Brien - $82,500 Carey L. Dubbs - $75,000
Pt I Line 4b	Richard J. Boyle participated in a 457(F) plan. He received an employer contribution of $4,100.
Pt I Line 5a	ECMC Group's annual officer incentive plan requires achievement of stated primary financial goals, which includes revenues, before any payments to any officer is made.
Pt I Line 6a	ECMC Group's annual officer incentive plan requires achievement of stated key performance metrics, which include net earnings, before any payments to any officer is made.

Schedule O IRS990ScheduleO

General Explanation GeneralExplanation (152 entries)

IdentifierIdentifier	ExplanationExplanation
Pt I, Line 1	Educational Credit Management Corporation (ECMC), a 501(c)(3)
	organization, is a national guaranty agency designated by the
	U.S. Secretary of Education under and pursuant to the provisions
	of the Higher Education Act of 1965, as amended. ECMC works
	with schools and loan servicers to lower student loan default
	rates, promote financial literacy and provide resources to support
	student loan borrowers to help them successfully repay their
	loans.
Pt III, Line 4a	may also file claims with the guaranty agency in cases where
	the borrower dies, becomes disabled or files bankruptcy.
	Once a loan defaults, the FFEL Program requires the guaranty
	agency to collect on the defaulted loans. ECMC, utilizing
	internal and external collection personnel, contacts the
	defaulted borrower, discusses the implications a defaulted
	loan has on the borrower's credit history and works with
	the borrower to establish a repayment plan using one of the
	many payment options available under the FFEL Program.
	At December 31, 2010 the non-default guarantee portfolio
	consisted of $35.9 billion in original outstanding principal
	balance and the defaulted portfolio consisted of $6.6 billion
	in outstanding principal, interest and fees.
Pt III, Line 4b	student loans; and education on how to avoid student loan
	default. During 2010, ECMC guaranteed $548.6 million in
	student loans under the FFEL Program. As of December 31,
	2010 the non-default guarantee portfolio consisted of
	$35.9 billion in original outstanding principal balance.
	-
Pt VI-A, Line 6	Educational Credit Management Corporation (ECMC) has one member.
	The member is the Board of Directors of ECMC Group, Inc., a Delaware
	non-stock, non-profit corporation. There are no stockholders.
	-
Pt VI-A, Line 7a	ECMC Group, Inc. has the right to elect and/or approve all the directors
	of the Educational Credit Management Corporation's Board of Directors.
	-
Pt VI-A, Line 7b	ECMC Group, Inc. has the following rights with respect to Educational
	Credit Management Corporation:
	1. To authorize amendments to the certificates of incorporation
	and bylaws.
	2. To approve the strategic and financial plans.
	3. To elect and/or approve the members of the Board of Directors.
	4. To oversee coordination of programs and services offered.
	5. To authorize formation, governance and dissolution.
	-
Pt VI-B, Line 11a	All members of the Board of Directors and Executive Management are provided
	a copy of Form 990 to review and provide comments prior to filing. All
	members of the Board of Directors and Executive Management are provided
	with a copy of the final version of Form 990 after it has been filed.
	-
Pt VI-B, Line 12c	Officers, Directors and all employees are required to reaffirm on an annual
	basis their understanding of the company's Code of Ethics and Business
	Conduct. The affirmation specifically references that the individual
	will comply with the directives of the Code of Ethics and Business Conduct.
	Conflicts of Interest and disclosure of potential conflicts is included
	in the Code of Ethics and Business Conduct. Monitoring and enforcement
	of the policy is accomplished through the reaffirmation process.
	In cases where a potential conflict exists at the officer and key employee
	levels, the issue is disclosed to the CEO and Director of Corporate
	Compliance. For potential or real conflicts involving the CEO or a member
	of the Board of Directors, the disclosure is made to the Board Chairman.
	The board member or CEO will be required to excuse themselves from
	deliberation and voting on matters where they may have a conflict of
	interest.
	-
Pt VI, Line 13	Whistleblower Policy - ECMC Group, Inc. has a Code of Ethics and Business
	Conduct policy that is affirmed annually by all ECMC Group, Inc. and
	affiliated companies' officers, directors and employees. While there
	is not a specific whistleblower policy, there is a provision
	incorporated into the Code of Ethics and Business Conduct policy
	that binds all employees. The provision states that there
	can be no repercussions for good faith reporting of potential illegal
	practices or violations of corporate policies. ECMC Group,
	Inc. and Educational Credit Management Corporation have
	established an anonymous whistleblower telephone hotline and
	website administered by an outside vendor.
	-
Pt VI-B, Line 15	The following describes the ECMC and ECMC Group executive compensation
	methodology.
	The Governance & Compensation Committee of the ECMC Group Board
	of Directors is wholly comprised of independent, outside directors.
	In 2010, the Committee worked with executive compensation
	experts from Towers Watson, a global compensation consulting
	organization, to identify appropriate CEO and senior executive
	compensation packages and provide a written opinion on the
	reasonableness of this compensation. ECMC Group is comprised of
	both nonprofit and for-profit entities. The market analysis
	performed by Towers Watson includes salary and incentive data
	from an appropriate peer group.
	-
Pt VI, Line 17	States to file Form 990: New Mexico & Oregon
	-
Pt VI-C, Line 19	No documents are made available to the public.
	-
Pt VII-A	Per the Form 990 Instructions, ECMC is required to provide the hours
	worked by ECMC Directors for ECMC and its related organizations.
	See details below:
	-
	Robert Stein-related orgs=13 hrs/wk, ECMC=1 hr/wk, total=14 hrs/wk
	Gary Cook-related orgs=8 hrs/wk, ECMC=1 hr/wk, total=9 hrs/wk
	Roberta Cooper Ramo-related orgs=8 hrs/wk, ECMC=1 hr/wk, total=9 hrs/wk
	John DePodesta-related orgs=15 hrs/wk, ECMC=1 hr/wk, total=16 hrs/wk
	Edward Jennings-related orgs=8 hrs/wk, ECMC=1 hr/wk, total=9 hrs/wk
	I. King Jordan-related orgs=7 hrs/wk, ECMC=1 hr/wk, total=8 hrs/wk
	James McKeon-related orgs=8 hrs/wk, ECMC=1 hr/wk, total=9 hrs/wk
	-
	Per the Form 990 Instructions, ECMC is required to provide the
	hours worked by officers and key employees of ECMC for ECMC
	and its related organizations. See details below:
	-
	Richard Boyle-related orgs=65 hrs/wk, ECMC=17 hrs/wk, total=82 hrs/wk
	Gregory VanGuilder-related orgs=48 hrs/wk, ECMC=14 hrs/wk, total=62 hrs/wk
	Steven Wellvang-related orgs=41 hrs/wk, ECMC=3 hrs/wk, total=44 hrs/wk
	Janice Hines-related orgs=1 hr/wk, ECMC=47 hrs/wk, total=48 hrs/wk
	Edward Spear-related orgs=3 hrs/wk, ECMC=52 hrs/wk, total=55 hrs/wk
	Roberta Sweeney-related orgs=36 hrs/wk, ECMC=5 hrs/wk, total=41 hrs/wk
	Daniel Fisher-related orgs=12 hrs/wk, ECMC=41 hrs/wk, total=53 hrs/wk
	Heidi Johnson-related orgs=9 hrs/wk, ECMC=51 hrs/wk, total=60 hrs/wk
	David Hawn-related orgs=41 hrs/wk, ECMC=14 hrs/wk, total=55 hrs/wk
	Matthew Mikulski-related orgs=4 hrs/wk, ECMC=45 hrs/wk, total=49 hrs/wk
	Amy Spartz-related orgs=5 hrs/wk, ECMC=48 hrs/wk, total=53 hrs/wk
	Kathleen King-related orgs=16 hrs/wk, ECMC=36 hrs/wk, total=52 hrs/wk
	Fred Chambers-related orgs=12 hrs/wk, ECMC=35 hrs/wk, total=47 hrs/wk
	Carey Dubbs-related orgs=10 hrs/wk, ECMC=12 hrs/wk, total=22 hrs/wk
	Michael Heffernan-related orgs=2 hrs/wk, ECMC=52 hrs/wk, total=54 hrs/wk
	Marianna O'Brien-related orgs=1 hrs/wk, ECMC=0 hrs/wk, total=1 hrs/wk
	Heather Renner-related orgs=40 hrs/wk, ECMC=2 hrs/wk, total=42 hrs/wk
	Deborah Rude-related orgs=0 hrs/wk, ECMC=48 hrs/wk, total=48 hrs/wk
	Mary Sandness-related orgs=1 hrs/wk, ECMC=47 hrs/wk, total=48 hrs/wk
	Megan Howie-related orgs=0 hrs/wk, ECMC=41 hrs/wk, total=41 hrs/wk
	Joshua Mandelman-related orgs=0 hrs/wk, ECMC=41 hrs/wk, total=41 hrs/wk
	David Peterson-related orgs=0 hrs/wk, ECMC=41 hrs/wk, total=41 hrs/wk
	Bronwyn Rush-related orgs=0 hrs/wk, ECMC=41 hrs/wk, total=41 hrs/wk
	Spencer Woodward-related orgs=0 hrs/wk, ECMC=41 hrs/wk, total=41 hrs/wk
	James Murray-related orgs=0 hrs/wk, ECMC=0 hrs/wk, total=0 hrs/wk
	Theresa Shaw-related orgs=0 hrs/wk, ECMC=0 hrs/wk, total=0 hrs/wk
	Paula Craw-related orgs=0 hrs/wk, ECMC=39 hrs/wk, total=39 hrs/wk
	Geraldine Gjesdahl-related orgs=33 hrs/wk, ECMC=23 hrs/wk, total=56 hrs/wk
	Hugh McSherry-related orgs=20 hrs/wk, ECMC=30 hrs/wk, total=50 hrs/wk
	J.K. Slagsvold-Jacobson-related orgs=1 hr/wk, ECMC=43 hrs/wk, total=44 hrs/wk
	-
	James Murray, a former Director, and Theresa Shaw, a former officer,
	had consulting agreements in 2010.
	-
Pt XI	Effective October 31, 2010, the U.S. Secretary of Education
	terminated the guaranty agency agreement between the U.S. Department
	of Education and the California Student Aid Commission (CSAC) under
	which CSAC participated as a guaranty agency in the Federal Family
	Education Loan (FFEL) Program. The Secretary assigned ECMC as the
	successor guaranty agency to assume CSAC's Federal Fund assets and
	liabilities and the rights and obligations (including the
	continuing outstanding FFEL Program loan guarantees) of CSAC's
	guaranty agency activities. As a result of this assignment, ECMC
	received a transfer of $94.8 million in net assets from CSAC.

Schedule R IRS990ScheduleR

Form990 Schedule R Part II Form990ScheduleRPartII (2 entries)

Address Line1AddressUS/AddressLine1	CityAddressUS/City	StateAddressUS/State	ZIP CodeAddressUS/ZIPCode	EINEIN	Primary ActivitiesPrimaryActivities	Legal Domicile StateLegalDomicileState	Exempt Code SectionExemptCodeSection	Public Charity StatusPublicCharityStatus
ECMC GROUP INC
1 IMATION PLACE BLDG 2	OAKDALE	MN	55128	411991995	EDUCATION FINANCE	DE	501(C)(3)	Line 11a, I
ECMC FOUNDATION
1 IMATION PLACE BLDG 2	OAKDALE	MN	55128	411990628	PROMOTE EDUCATION	DE	501(C)(3)	Line 11b, II

Form990 Schedule R Part III Form990ScheduleRPartIII

Name Of Related Org NameOfRelatedOrg

Field	Value	IRS element (for citing)
Business Name Line1	PREMIERE CREDITN AMERICA LLC	BusinessNameLine1

Address US AddressUS

Field	Value	IRS element (for citing)
Address Line1	2002 WELLESLEY BLVD 100	AddressLine1
City	INDIANAPOLIS	City
State	IN	State
ZIP Code	46219	ZIPCode

Field	Value	IRS element (for citing)
EIN	352085743	EIN
Primary Activity	Accounts Receivable Mgmt	PrimaryActivity
Legal Domicile State	IN	LegalDomicileState

Direct Controlling Entity Name DirectControllingEntityName

Field	Value	IRS element (for citing)
Business Name Line1	ECMC HLDNGS CORP	BusinessNameLine1

Field	Value	IRS element (for citing)
Disproportionate Allocations	false	DisproportionateAllocations
General Or Managing Partner	false	GeneralOrManagingPartner
Percentage Ownership	0.00000	PercentageOwnership

Form990 Schedule R Part IV Form990ScheduleRPartIV (7 entries)

Address Line1AddressUS/AddressLine1	CityAddressUS/City	StateAddressUS/State	ZIP CodeAddressUS/ZIPCode	EINEIN	Primary ActivityPrimaryActivity	Legal Domicile StateLegalDomicileState	Business Name Line1DirectControllingEntityName/BusinessNameLine1	Type Of EntityTypeOfEntity	Percentage OwnershipPercentageOwnership
ECMC HOLDINGS CORPORATION
1 IMATION PLACE BLDG 2	OAKDALE	MN	55128	411991992	Strategic Oversight	DE	ECMC GROUP INC	C	0.00000
EDUCATIONAL CREDIT SERVICES COMPANY
1 IMATION PLACE BLDG 2	OAKDALE	MN	55128	411992001	PRIVATE LOANS	DE	ECMC HOLDINGS CORPORATION	C	0.00000
ECMC RECORDS & REC MANAGEMENT CORP
1 IMATION PLACE BLDG 2	OAKDALE	MN	55128	411989959	Document Management	DE	ECMC HOLDINGS CORP	C	0.00000
ECMC MANAGEMENT SERVICES CORPORATION
1 IMATION PLACE BLDG 2	OAKDALE	MN	55128	411989960	Management Services	DE	ECMC HOLDINGS CORP	C	0.00000
ECMC TECHNOLOGY SERVICE CORPORATION
1 IMATION PLACE BLDG 2	OAKDALE	MN	55128	411989958	Technology Services	DE	ECMC HOLDINGS CORP	C	0.00000
ECMC SOLUTIONS
1 IMATION PLACE BLDG 2	OAKDALE	MN	55128	271854584	Default Aversion	DE	ECMC HOLDINGS CORP	C	0.00000
OAKDALE STUDENT LOAN FUNDING
1 IMATION PLACE BLDG 2	OAKDALE	MN	55128	271914648	Holding FFELP Loans	DE	ECMC GROUP INC	C	0.00000

Field	Value	IRS element (for citing)
Receipt Of Int Ann Rents Royalties	false	ReceiptOfIntAnnRentsRoyalties
Gift Grant Or Cap Contr To Other Org	true	GiftGrantOrCapContrToOtherOrg
Gift Grant Or Cap Contr Fr Other Org	false	GiftGrantOrCapContrFrOtherOrg
Loans Or Guarantees To Other Org	false	LoansOrGuaranteesToOtherOrg
Loans Or Guarantees From Other Org	false	LoansOrGuaranteesFromOtherOrg
Sale Of Assets To Other Org	false	SaleOfAssetsToOtherOrg
Purchase Of Assets From Other Org	false	PurchaseOfAssetsFromOtherOrg
Exchange Of Assets	false	ExchangeOfAssets
Rental Of Facilities To Other Orgs	false	RentalOfFacilitiesToOtherOrgs
Rental Of Facilities Fr Other Orgs	false	RentalOfFacilitiesFrOtherOrgs
Perform Of Services For Other Orgs	false	PerformOfServicesForOtherOrgs
Perform Of Services By Other Orgs	false	PerformOfServicesByOtherOrgs
Sharing Of Facilities	true	SharingOfFacilities
Sharing Of Paid Employees	true	SharingOfPaidEmployees
Reimbursement Paid To Other Org	true	ReimbursementPaidToOtherOrg
Reimbursement Paid By Other Org	true	ReimbursementPaidByOtherOrg
Other Transfer To Other Org	false	OtherTransferToOtherOrg
Other Transfer From Other Org	false	OtherTransferFromOtherOrg

Transactions Related Orgs Table TransactionsRelatedOrgsTable (18 entries)

Transaction TypeTransactionType	Amount InvolvedAmountInvolved	Method Of Amt DeterminationMethodOfAmtDetermination
ECMC GROUP INC
b	12690208	Allocation
ECMC GROUP INC
m	4798917	Allocation
ECMC GROUP INC
n	7111303	Allocation
ECMC GROUP INC
o	3534328	Allocation
ECMC GROUP INC
p	2049838	Allocation
ECMC FOUNDATION
m	304687
ECMC FOUNDATION
n	366253
ECMC FOUNDATION
p	59843
ECMC HOLDINGS CORPORATION
m	985141
ECMC HOLDINGS CORPORATION
n	1447944
ECMC HOLDINGS CORPORATION
o	181817
ECMC HOLDINGS CORPORATION
p	823873
ECMC RECORDS & REC MANAGEMENT CORP
n	70199
ECMC RECORDS & REC MANAGEMENT CORP
p	103923
ECMC SOLUTIONS
m	723659
ECMC SOLUTIONS
n	1212799
ECMC SOLUTIONS
p	333550
PREMIERE CREDIT OF NORTH AMERICA LLC
l	4618153