Compensation 990

Verve Credit Union

Fiscal year ending 2024. Filed on November 13, 2025.

2900 Universal Street
Oshkosh, Wisconsin 54903

Verve Credit Union (EIN: 39-0711674) has filed an IRS Form 990 since fiscal year 2017. In its fiscal year 2024 IRS Form 990 filing, Verve Credit Union, a 501(c)(14) state-chartered credit union or mutual reserve fund, reported compensation for 12 out of 299 total employees. Among the employees shown here, the average compensation is $282,364. The highest compensated employee at Verve Credit Union is Kevin Ralofsky with fiscal year 2024 compensation of $727,992.

Revenue, expenses, and employee compensation

Revenue

$81,444,360

Expenses

$80,634,270

Employee compensation

$22,953,549
Revenue, expenses, and employee compensation over time

Reported Compensated Employees

Kevin Ralofsky
President and Chief Executive Officer
$727,992
$678,466 from orgNo related comp$49,526 other
Chris Butler
Regional President - PART YEAR
$374,936
$343,593 from orgNo related comp$31,343 other
Glen Stiteley
Chief Financial Officer
$358,391
$322,255 from orgNo related comp$36,136 other
John Hill
Vice President of Business Lending
$282,808
$266,616 from orgNo related comp$16,192 other
Kenneth Buksnes
Chief Credit Officer
$277,971
$249,608 from orgNo related comp$28,363 other
Mitch Kime
Chieif Growth Officer
$229,831
$219,947 from orgNo related comp$9,884 other
Rema Momberg
Vice President, Human Resources
$206,550
$196,536 from orgNo related comp$10,014 other
Grant Wheat
Vice President, Risk Management
$197,983
$178,575 from orgNo related comp$19,408 other
Robert Ketter
Vice President, Technology
$196,288
$185,962 from orgNo related comp$10,326 other
Michael Simonds
Vice President of LOAN Operations
$181,395
$170,865 from orgNo related comp$10,530 other
Renee Maeder
Vice President of Sales and Service
$179,747
$168,069 from orgNo related comp$11,678 other
Cari Larsen
Controller
$174,471
$165,641 from orgNo related comp$8,830 other

Non-Employee Board Members

Adrienne Hartman
Director
Brian Borchardt
Director
Christa Williams
Director
Erin Winters
Treasurer
Jacob Gosz
Director
Kevin Bornemann
Secretary
Michael Pollack
Vice Chair
Tony Mayhugh
Director
Victoria Beltran
Chair

Mission Statement

A NONPROFIT MEMBER-OWNED THRIFT INSTITUTION ORGANIZED TO PROVIDE FINANCIAL SERVICES TO INDIVIDUALS. OPERATIONS ARE PRIMARILY RELATED TO HOLDING DEPOSITS FOR AND MAKING LOANS TO MEMBERS.

Revisions to this organization profile

November 13, 2025:
2024 Verve Credit Union 990 filed
November 7, 2024:
2023 Verve Credit Union 990 filed
November 13, 2023:
2022 Verve Credit Union 990 filed

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