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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 2023. Filed on November 7, 2024.

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 2023 IRS Form 990 filing, Verve Credit Union, a 501(c)(14) state-chartered credit union or mutual reserve fund, reported compensation for 14 out of 330 total employees. Among the employees shown here, the average compensation is $243,504. The highest compensated employee at Verve Credit Union is Kevin Ralofsky with fiscal year 2023 compensation of $628,267.

Revenue, expenses, and employee compensation

Revenue

$70,136,163

Expenses

$71,503,542

Employee compensation

$21,932,287
Revenue, expenses, and employee compensation over time

Reported Compensated Employees

Kevin Ralofsky
President and Chief Executive Officer
$628,267
$582,871 No related comp$45,396
Karrie Drobnick
COO - PART YEAR
$371,713
$348,763 No related comp$22,950
Glen Stiteley
Chief Financial Officer
$292,576
$262,102 No related comp$30,474
John Hill
Vice President of Business Lending
$283,136
$268,567 No related comp$14,569
Chris Butler
Regional President
$280,952
$254,104 No related comp$26,848
Kenneth Buksnes
Chief Credit Officer
$260,514
$234,511 No related comp$26,003
Robert Ketter
Vice President, Information Technology
$188,434
$178,323 No related comp$10,111
Rema Momberg
Vice President, Human Resources
$183,437
$174,214 No related comp$9,223
Va You Yang
Busines Ledning Officer
$160,895
$142,821 No related comp$18,074
Mike Simonds
Vice President of Credit
$160,663
$151,235 No related comp$9,428
Allison Bucciferro
Vice President, Finance
$154,454
$145,345 No related comp$9,109
Renee Maeder
Vice President, Retail
$154,332
$146,965 No related comp$7,367

Benchmark Employee Compensation

Non-Employee Board Members

Victoria Beltran
Chair
$12,000
$12,000 No related compNo other comp
Michael Pollack
Vice Chair
$10,500
$10,500 No related compNo other comp
Kevin Bornemann
Secretary
$10,500
$10,500 No related compNo other comp
Bill Colclough
Treasurer (Part-Year)
$10,500
$10,500 No related compNo other comp
Amy Dahlke
Director (Part-Year)
$9,000
$9,000 No related compNo other comp
Adrienne Hartman
Director
$9,000
$9,000 No related compNo other comp
Brian Borchardt
Director
$9,000
$9,000 No related compNo other comp
Robert Hernke
Director (Part-Year)
$9,000
$9,000 No related compNo other comp
Jacob Gosz
Director
$5,250
$5,250 No related compNo other comp
Tony Mayhugh
Director / ERM
$4,500
$4,500 No related compNo other comp
Erin Winter
Treasurer
$1,500
$1,500 No related compNo other comp
Marty Arnold
Director (Part-Year)
$750
$750 No related compNo other comp

Contractors

Business Lending Group Inc.
Loan Servicing
$1,136,431
Cfgi Holdings LLC
Accounting Advisory
$1,078,725
Engage Fi LLC
Consulant/Project Management
$323,556
Wipfli LLP
Auditor
$298,845
Mortgage Cadence LLC
Mortgage Software
$197,866

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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