Compensation 990

Summit Credit Union

Fiscal year ending 2019. Filed on November 16, 2020.

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 2019 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 738 total employees. Among the employees shown here, the average compensation is $381,519. The highest compensated employee at Summit Credit Union is Kim Sponem with fiscal year 2019 compensation of $1,222,447.

Revenue, expenses, and employee compensation

Revenue

$183,147,998

Expenses

$139,446,632

Employee compensation

$48,650,482
Revenue, expenses, and employee compensation over time

Reported Compensated Employees

Kim Sponem
President and Chief Executive Officer
$1,222,447
$1,165,334 from orgNo related comp$57,113 other
Keith Peterson
Chief Financial Officer
$742,665
$551,370 from orgNo related comp$191,295 other
Rebecca Gerothanas
Chief Operating Officer
$562,840
$463,927 from orgNo related comp$98,913 other
Nancy Kasten
Senior Vice President HR and LOD
$442,980
$286,266 from orgNo related comp$156,714 other
Christopher Schell
CMO
$433,804
$284,365 from orgNo related comp$149,439 other
Christopher Hefter
Chief Information Officer
$340,282
$292,074 from orgNo related comp$48,208 other
Mark Kennedy
CLO
$262,860
$235,915 from orgNo related comp$26,945 other
Adam Pelletter
Mortgage Loan Officer
$246,012
$207,704 from orgNo related comp$38,308 other
Kelly Erbach
Vice President - Business TECH Solutions
$231,112
$165,536 from orgNo related comp$65,576 other
Donald Lickel
Vice President, Mortgage Lending
$225,699
$179,300 from orgNo related comp$46,399 other
Eric Mathias
Vice President Sales Development
$210,089
$174,190 from orgNo related comp$35,899 other
Daniel Polly
AVP - IT
$207,565
$170,880 from orgNo related comp$36,685 other

Non-Employee Board Members

Mike O'Brien
Director
$1,300
$1,300 from orgNo related compNo other comp
David Reszel
Vice Chair
$1,300
$1,300 from orgNo related compNo other comp
Mike Schenk
Chair
$1,025
$1,025 from orgNo related compNo other comp
John Litscher
Director
$750
$750 from orgNo related compNo other comp
Mary Turke
Secretary
$750
$750 from orgNo related compNo other comp
Bob Lindner
Director
$650
$650 from orgNo related compNo other comp
Dennis Sauey
Director
$650
$650 from orgNo related compNo other comp
Dan Kaiser
Treasurer
$550
$550 from orgNo related compNo other comp
Stefanie Norvaisas
Director
$250
$250 from orgNo related compNo other comp

Contractors

Jh Findorff Son
General Contractor
$4,986,254
Hiebing Group Inc.
Marketing
$2,558,242
Dart Appraisal
Mortgage Appraisal
$1,850,225
Jack Henry & Associates Inc.
Data Processing System
$1,362,878
Mortgage Cadence LLC
Mortgage Processing
$1,108,324

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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