Compensation 990

Summit Credit Union

Fiscal year ending 2020. Filed on November 9, 2021.

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 2020 IRS Form 990 filing, Summit Credit Union, a 501(c)(14) state-chartered credit union or mutual reserve fund, reported compensation for 14 out of 759 total employees. Among the employees shown here, the average compensation is $432,499. The highest compensated employee at Summit Credit Union is Kim Sponem with fiscal year 2020 compensation of $1,386,463.

Revenue, expenses, and employee compensation

Revenue

$218,688,178

Expenses

$159,633,124

Employee compensation

$57,378,956
Revenue, expenses, and employee compensation over time

Reported Compensated Employees

Kim Sponem
President and Chief Executive Officer
$1,386,463
$1,319,377 from orgNo related comp$67,086 other
Keith Peterson
Chief Financial Officer
$603,324
$401,974 from orgNo related comp$201,350 other
Rebecca Gerothanas
Chief Operating Officer
$469,361
$369,697 from orgNo related comp$99,664 other
Nancy Kasten
Senior Vice President HR and LOD
$458,501
$286,000 from orgNo related comp$172,501 other
Christopher Schell
CMO
$440,334
$280,003 from orgNo related comp$160,331 other
Christopher Hefter
Chief Information Officer
$398,728
$327,522 from orgNo related comp$71,206 other
Adam Pelletter
Mortgage Loan Officer
$356,192
$313,904 from orgNo related comp$42,288 other
Steve Hansen
Mortgage Loan Officer
$355,703
$304,112 from orgNo related comp$51,591 other
Mary Byrd
Mortgage Loan Officer
$341,256
$250,591 from orgNo related comp$90,665 other
Kelly Erbach
Vice President - Business TECH Solutio
$278,334
$194,435 from orgNo related comp$83,899 other
Bryce Kingsley
Mortgage Loan Officer
$260,176
$224,588 from orgNo related comp$35,588 other
Timothy Greene
Mortgage Loan Officer
$256,448
$233,834 from orgNo related comp$22,614 other

Non-Employee Board Members

Mike Schenk
Chair
$8,250
$8,250 from orgNo related compNo other comp
Dennis Sauey
Director
$6,200
$6,200 from orgNo related compNo other comp
David Reszel
Vice Chair
$6,200
$6,200 from orgNo related compNo other comp
Mike O'Brien
Director
$6,200
$6,200 from orgNo related compNo other comp
Stefanie Norvaisas
Director
$6,200
$6,200 from orgNo related compNo other comp
Mary Turke
Secretary
$6,100
$6,100 from orgNo related compNo other comp
John Litscher
Director
$6,100
$6,100 from orgNo related compNo other comp
Bob Lindner
Director
$6,100
$6,100 from orgNo related compNo other comp
Daniel Kaiser
Treasurer
$6,000
$6,000 from orgNo related compNo other comp

Contractors

Jh Findorff Son
General Contractor
$7,634,023
Hiebing Group Inc.
Marketing
$4,027,367
Dart Appraisal
Mortgage Appraisal
$2,791,722
Jack Henry & Associates Inc.
Data Processing System
$2,470,755
Rock County Treasurer
Re Tax Loans Serviced by Summit
$2,094,983

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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