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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 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 No related comp$49,526
Chris Butler
Regional President - PART YEAR
$374,936
$343,593 No related comp$31,343
Glen Stiteley
Chief Financial Officer
$358,391
$322,255 No related comp$36,136
John Hill
Vice President of Business Lending
$282,808
$266,616 No related comp$16,192
Kenneth Buksnes
Chief Credit Officer
$277,971
$249,608 No related comp$28,363
Mitch Kime
Chieif Growth Officer
$229,831
$219,947 No related comp$9,884
Rema Momberg
Vice President, Human Resources
$206,550
$196,536 No related comp$10,014
Grant Wheat
Vice President, Risk Management
$197,983
$178,575 No related comp$19,408
Robert Ketter
Vice President, Technology
$196,288
$185,962 No related comp$10,326
Michael Simonds
Vice President of LOAN Operations
$181,395
$170,865 No related comp$10,530
Renee Maeder
Vice President of Sales and Service
$179,747
$168,069 No related comp$11,678
Cari Larsen
Controller
$174,471
$165,641 No related comp$8,830

Benchmark Employee Compensation

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

Contractors

Business Lending Group LLC
Business Lending Processor/Cuso
$824,504
Engage Fi LLC
Consulant/Project Management
$782,500
Mortgage Cadence LLC
Mortgage Software
$179,510
Alm First Group LLC
Recruiting/Compensation Analysis
$155,294
Marco Technologies LLC
IT Support/Consultant
$107,262

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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