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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 2021. Filed on November 14, 2022.

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 2021 IRS Form 990 filing, Summit Credit Union, a 501(c)(14) state-chartered credit union or mutual reserve fund, reported compensation for 11 out of 882 total employees. Among the employees shown here, the average compensation is $584,218. The highest compensated employee at Summit Credit Union is Kim Sponem with fiscal year 2021 compensation of $2,287,096.

Revenue, expenses, and employee compensation

Revenue

$218,937,515

Expenses

$141,564,545

Employee compensation

$64,435,394
Revenue, expenses, and employee compensation over time

Reported Compensated Employees

Kim Sponem
President and Chief Executive Officer
$2,287,096
$2,209,864 No related comp$77,232
Keith Peterson
Chief Financial Officer
$631,060
$414,452 No related comp$216,608
Christopher Hefter
Chief Information Officer
$534,523
$361,687 No related comp$172,836
Rebecca Gerothanas
Chief Operating Officer
$513,921
$387,963 No related comp$125,958
Nancy Kasten
Senior Vice President HR and LOD
$506,263
$297,740 No related comp$208,523
Christopher Schell
CMO
$464,701
$292,542 No related comp$172,159
Kelly Erbach
Vice President - Business TECH Solutio
$335,249
$227,313 No related comp$107,936
Adam Pelletter
Mortgage Loan Officer
$324,590
$281,565 No related comp$43,025
Steve Hansen
Mortgage Loan Officer
$315,289
$263,349 No related comp$51,940
Eric Mathias
Vice President Sales Development
$284,683
$244,364 No related comp$40,319
Timothy Greene
Mortgage Loan Officer
$229,018
$208,763 No related comp$20,255

Benchmark Employee Compensation

Non-Employee Board Members

David Reszel
Chair
$24,000
$24,000 No related compNo other comp
Abigail Rodriguez
Director
$18,000
$18,000 No related compNo other comp
Samira Salem
Director
$18,000
$18,000 No related compNo other comp
Bob Lindner
Treasurer
$18,000
$18,000 No related compNo other comp
Mary Turke
Vice Chair
$18,000
$18,000 No related compNo other comp
Mike Schenk
Former Chair
$18,000
$18,000 No related compNo other comp
Stefanie Norvaisas
Director
$18,000
$18,000 No related compNo other comp
John Litscher
Director
$18,000
$18,000 No related compNo other comp
Mike O'Brien
Director
$18,000
$18,000 No related compNo other comp
Daniel Kaiser
Secretary
$18,000
$18,000 No related compNo other comp
Dennis Sauey
Director
$18,000
$18,000 No related compNo other comp

Contractors

Hiebing Group Inc.
Marketing
$4,847,972
Info-Pro Lender Services Inc.
Real Estate Tax Payment to Municipalitie
$3,866,584
Dart Appraisal
Mortgage Appraisal
$1,696,408
Jack Henry & Associates Inc.
Data Processing System
$1,420,779
Edge One
Kiosk and Armor
$1,378,045

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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