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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 Summit Credit Union

Summit Credit Union

Fiscal year ending 2016. Filed on November 6, 2017.

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 2016 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 594 total employees. Among the employees shown here, the average compensation is $269,978. The highest compensated employee at Summit Credit Union is Kim Sponem with fiscal year 2016 compensation of $795,675.

Revenue, expenses, and employee compensation

Revenue

$125,312,190

Expenses

$90,355,986

Employee compensation

$36,063,530
Revenue, expenses, and employee compensation over time

Reported Compensated Employees

Kim Sponem
President and Chief Executive Officer
$795,675
$762,204 No related comp$33,471
Keith Peterson
Chief Financial Officer
$370,854
$292,735 No related comp$78,119
Rebecca Gerothanas
Senior Vice President, Operations
$282,608
$243,515 No related comp$39,093
Adam Pelletter
Mortgage Loan Officer
$274,393
$237,207 No related comp$37,186
Christopher Schell
Senior Vice President, Marketing
$245,704
$194,567 No related comp$51,137
Nancy Kasten
Senior Vice President HR and ORG Develop.
$235,182
$182,688 No related comp$52,494
Christopher Hefter
Vice President, Information Technology
$233,572
$195,812 No related comp$37,760
Mary Byrd
Mortgage Loan Officer
$220,931
$176,443 No related comp$44,488
Kim Kalepp
Managing Vice President Business Services
$220,233
$161,939 No related comp$58,294
Eric Mathias
Vice President Retail Development
$213,184
$179,219 No related comp$33,965
Mark Kennedy
Chief Lending Officer
$199,805
$169,728 No related comp$30,077
Steven Hansen
Mortgage Loan Officer
$195,339
$162,562 No related comp$32,777

Benchmark Employee Compensation

Non-Employee Board Members

Bob Lindner
Director
Dan Kaiser
Director
David Reszel
Treasurer
Dennis Sauey
Director
John Litscher
Vice Chair
Mary Turke
Director
Mike O'Brien
Chair
Mike Schenk
Secretary
Stefanie Norvaisas
Director
Sue Racine
Director

Contractors

Jh Findorff & Son Inc.
Construction Contractor
$2,549,003
Dart Appraisalcom Inc.
Loan Appraisals
$1,741,250
Jack Henry & Associates Inc.
Information Technology
$1,397,274
Hiebing Group Inc.
Marketing
$1,372,356
US Department of Education
Student Loans
$803,342

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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