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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 Verve Credit Union

Verve Credit Union

Fiscal year ending 2021. Filed on November 7, 2022.

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 2021 IRS Form 990 filing, Verve Credit Union, a 501(c)(14) state-chartered credit union or mutual reserve fund, reported compensation for 11 out of 397 total employees. Among the employees shown here, the average compensation is $337,225. The highest compensated employee at Verve Credit Union is Kevin Ralofsky with fiscal year 2021 compensation of $829,166.

Revenue, expenses, and employee compensation

Revenue

$59,889,219

Expenses

$51,157,036

Employee compensation

$22,269,384
Revenue, expenses, and employee compensation over time

Reported Compensated Employees

Kevin Ralofsky
President and Chief Executive Officer
$829,166
$783,548 No related comp$45,618
Scott Willmott
Chief Financial Officer
$414,781
$367,361 No related comp$47,420
Karrie Drobnick
Chief Marketing Officer
$373,850
$342,646 No related comp$31,204
Lawrence Mrockowski
Wealth Advisor
$351,108
$309,629 No related comp$41,479
John Hill
Vice President of Business Lending
$331,998
$310,278 No related comp$21,720
Chris Butler
Regional President
$319,903
$276,691 No related comp$43,212
Ken Buksnes
Vice President Credit
$281,548
$240,479 No related comp$41,069
Ryan Didreckson
Chief Operating Officer
$235,074
$226,219 No related comp$8,855
Todd Slagter
Vice President Legal and Audit
$214,688
$205,225 No related comp$9,463
Robert Ribordy
Vp-Commercial Accounts
$196,683
$187,517 No related comp$9,166
Renee Maeder
Vice President of Retail Sales
$160,677
$154,445 No related comp$6,232

Benchmark Employee Compensation

Non-Employee Board Members

Victoria Beltran
Chair
$23,500
$23,500 No related compNo other comp
Michael Pollack
Vice Chair
$20,750
$20,750 No related compNo other comp
Bill Colclough
Treasurer
$20,750
$20,750 No related compNo other comp
Kevin Bornemann
Director
$17,500
$17,500 No related compNo other comp
Brian Borchardt
Director
$17,500
$17,500 No related compNo other comp
Robert Hernke
Director
$17,250
$17,250 No related compNo other comp
Amy Dahlke
Director
$17,000
$17,000 No related compNo other comp
Adrienne Hartman
Director
$17,000
$17,000 No related compNo other comp
Garth Wicinsky
Secretary
$16,750
$16,750 No related compNo other comp

Contractors

Business Lending Group
Loan Servicing
$1,355,610
Mortgage Cadence LLC
Mortgage Origination
$310,412
Marco Technologies LLC
Telecom
$154,001
Howard & Howard Law
Legal
$115,351
ME Wentworth
Lease Co for Wentwoth Property
$114,380

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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