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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 2022. Filed on November 13, 2023.

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 2022 IRS Form 990 filing, Verve Credit Union, a 501(c)(14) state-chartered credit union or mutual reserve fund, reported compensation for 10 out of 348 total employees. Among the employees shown here, the average compensation is $335,567. The highest compensated employee at Verve Credit Union is Kevin Ralofsky with fiscal year 2022 compensation of $891,437.

Revenue, expenses, and employee compensation

Revenue

$63,522,788

Expenses

$57,220,605

Employee compensation

$21,775,260
Revenue, expenses, and employee compensation over time

Reported Compensated Employees

Kevin Ralofsky
President and Chief Executive Officer
$891,437
$847,443 No related comp$43,994
Scott Willmott
Chief Financial Officer
$415,176
$378,165 No related comp$37,011
Karrie Drobnick
Cmo/Coo
$396,305
$370,394 No related comp$25,911
John Hill
Vice President of Business Lending
$335,187
$320,965 No related comp$14,222
Chris Butler
Regional President
$302,837
$270,037 No related comp$32,800
Kenneth Buksnes
Chief Credit Officer
$295,849
$263,016 No related comp$32,833
Todd Slagter
Vice President of Legal and RISK Management
$211,306
$201,663 No related comp$9,643
Robert Ketter
Vice President, Information Technology
$181,068
$171,617 No related comp$9,451
Renee Maeder
Vice President, Retail
$164,017
$157,250 No related comp$6,767
Ryan Didreckson
Coo/Vp of Operations
$162,485
$158,096 No related comp$4,389

Benchmark Employee Compensation

Non-Employee Board Members

Victoria Beltran
Chair
$24,000
$24,000 No related compNo other comp
Kevin Bornemann
Director
$21,250
$21,250 No related compNo other comp
Michael Pollack
Vice Chair
$21,000
$21,000 No related compNo other comp
Bill Colclough
Treasurer
$21,000
$21,000 No related compNo other comp
Adrienne Hartman
Director
$18,000
$18,000 No related compNo other comp
Amy Dahlke
Director
$18,000
$18,000 No related compNo other comp
Robert Hernke
Director
$18,000
$18,000 No related compNo other comp
Brian Borchardt
Director
$18,000
$18,000 No related compNo other comp
Sam McClone
Director
$9,000
$9,000 No related compNo other comp
Jacob Gosz
Director
$9,000
$9,000 No related compNo other comp
Tony Mayhugh
Director
$9,000
$9,000 No related compNo other comp

Contractors

Business Lending Group Inc.
Loan Servicing
$1,304,156
Engage Fi LLC
Consulant/Project Management
$258,351
Mortgage Cadence LLC
Mortgage Software
$232,914
Wipfli LLP
Auditor
$157,764

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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