Compensation 990

Summit Credit Union

Fiscal year ending 2024. Filed on October 27, 2025.

PO Box 8046
Madison, Wisconsin 53708

Summit Credit Union (EIN: 39-0230585) has filed an IRS Form 990 since at least fiscal year 2016. In its fiscal year 2024 IRS Form 990 filing, Summit Credit Union, a 501(c)(14) state-chartered credit union or mutual reserve fund, reported compensation for 15 out of 1,114 total employees. Among the employees shown here, the average compensation is $653,612. The highest compensated employee at Summit Credit Union is Kim Sponem with fiscal year 2024 compensation of $2,838,963.

Revenue, expenses, and employee compensation

Revenue

$453,854,644

Expenses

$395,405,737

Employee compensation

$90,425,589
Revenue, expenses, and employee compensation over time

Reported Compensated Employees

＋16.1%vs 2023
Kim Sponem
President and Chief Executive Officer
$2,838,963
$2,746,637 from orgNo related comp$92,326 other
＋90.8%vs 2023
Rebecca Gerothanas
Chief Operating Officer
$1,120,649
$1,062,075 from orgNo related comp$58,574 other
＋18.3%vs 2023
Keith Peterson
Chief Financial Officer
$792,996
$477,841 from orgNo related comp$315,155 other
＋23.1%vs 2023
Christopher Hefter
Chief Information Officer
$761,203
$579,288 from orgNo related comp$181,915 other
＋38.8%vs 2023
Eric Mathias
Senior Vice President - Sales and Lending OPS
$576,886
$403,674 from orgNo related comp$173,212 other
＋5.6%vs 2023
Christopher Schell
CMO
$524,532
$327,289 from orgNo related comp$197,243 other
＋12.4%vs 2023
Kevin Piette
Chief Commercial BUS SERV Officer
$478,039
$396,148 from orgNo related comp$81,891 other
＋9.8%vs 2023
Kelly Erbach
Senior Vice President - Business TECH Solutions
$477,252
$273,494 from orgNo related comp$203,758 other
＋11.3%vs 2023
Thomas Hopp
Vice President of Sales - Business Services
$435,017
$358,101 from orgNo related comp$76,916 other
＋214.8%vs 2023
James Corbett
Senior Vice President - HR and OD
$356,701
$287,078 from orgNo related comp$69,623 other
＋30.3%vs 2023
Luke Hagel
Vice President - BLO Market Manager - Business Services
$323,690
$280,327 from orgNo related comp$43,363 other
＋17.8%vs 2023
Jonathan Willems
Vice President - BLO Market Manager - Business Services
$305,371
$263,629 from orgNo related comp$41,742 other

Non-Employee Board Members

＋19.4%vs 2023
Daniel Kaiser
Chair
$21,500
$21,500 from orgNo related compNo other comp
－14.6%vs 2023
Mary Turke
Director (Past Chair)
$20,500
$20,500 from orgNo related compNo other comp
±0%vs 2023
David Reszel
Director (Treasurer Elect)
$18,000
$18,000 from orgNo related compNo other comp
±0%vs 2023
Abigail Rodriguez
Director
$18,000
$18,000 from orgNo related compNo other comp
±0%vs 2023
John Litscher
Director
$18,000
$18,000 from orgNo related compNo other comp
±0%vs 2023
Mike Schenk
Treasurer
$18,000
$18,000 from orgNo related compNo other comp
±0%vs 2023
Dennis Sauey
Director
$18,000
$18,000 from orgNo related compNo other comp
±0%vs 2023
Stefanie Norvaisas
Secretary
$18,000
$18,000 from orgNo related compNo other comp
New in 2024
Samira Salem
Director
$18,000
$18,000 from orgNo related compNo other comp
±0%vs 2023
Mike O'Brien
Director
$18,000
$18,000 from orgNo related compNo other comp
±0%vs 2023
Bob Lindner
Vice Chair
$18,000
$18,000 from orgNo related compNo other comp

Mission Statement

A COOPERATIVE, NONPROFIT CORPORATION, INCORPORATED UNDER WISCONSIN STATE LAW TO ENCOURAGE THRIFT AMONG ITS MEMBERS, CREATE A SOURCE OF CREDIT AT A FAIR AND REASONABLE COST, AND PROVIDE AN OPPORTUNITY FOR ITS MEMBERS TO IMPROVE THEIR ECONOMIC AND SOCIAL CONDITIONS.

Revisions to this organization profile

October 27, 2025:
2024 Summit Credit Union 990 filed
November 15, 2024:
2023 Summit Credit Union 990 filed
November 15, 2023:
2022 Summit Credit Union 990 filed

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