Summit Credit Union
Madison, WI · EIN 39-0230585 · Rank 1,466 by total revenue
A cooperative, nonprofit corporation, incorporated under wisconsin state law to encourage thrift among its members, create a source of credit at a fair and reasonable cost, and provide an opportunity for its members to improve their economic and social conditions.
Money, Form 990 for tax year 2024
- Total revenue
- $453,854,644
- Total expenses
- $395,405,737
- Total assets
- $7,458,311,100
- Salary base (all salaries and wages)
- $71,796,606
- Salaries, other pay and benefits
- $90,425,589
- Employees
- 1,114
- Salary base per employee
- $64,449
"Salary base" is Form 990 Part IX lines 5 to 7. "Employees" is everyone who got a W-2 that year, full or part time. Form 990-EZ and 990-PF report pay differently; see About the data.
Leadership (21)
| Name | Title | Role | Hours/week | Total pay |
|---|---|---|---|---|
| Kim Sponem | CEO/PRESIDENT | Officer | 50 | $2,838,963 |
| Keith Peterson | CFO | Officer | 50 | $792,996 |
| Daniel Kaiser | CHAIR | Board, Officer | 4 | $21,500 |
| Mike Schenk | TREASURER | Board, Officer | 4 | $18,000 |
| Bob Lindner | VICE CHAIR | Board, Officer | 4 | $18,000 |
| Stefanie Norvaisas | SECRETARY | Board, Officer | 4 | $18,000 |
| Rebecca Gerothanas | COO | Key employee | 50 | $1,120,649 |
| Christopher Hefter | CIO | Key employee | 50 | $761,203 |
| Eric Mathias | SVP - SALES & LENDING OPS | Key employee | 50 | $576,886 |
| Christopher Schell | CMO | Key employee | 50 | $524,532 |
| Kevin Piette | CHIEF COMMERCIAL BUS SERV OFFICER | Key employee | 50 | $478,039 |
| Kelly Erbach | SVP - BUSINESS TECH SOLUTIONS | Key employee | 50 | $477,252 |
| James Corbett | SVP - HR & OD | Key employee | 50 | $356,701 |
| Jeremy Eppler | VP - RISK MANAGEMENT | Key employee | 50 | $243,785 |
| Mary Turke | DIRECTOR (PAST CHAIR) | Board | 2 | $20,500 |
| David Reszel | DIRECTOR (TREASURER ELECT) | Board | 2 | $18,000 |
| Dennis Sauey | DIRECTOR | Board | 2 | $18,000 |
| John Litscher | DIRECTOR | Board | 2 | $18,000 |
| Mike O'Brien | DIRECTOR | Board | 2 | $18,000 |
| Abigail Rodriguez | DIRECTOR | Board | 2 | $18,000 |
| Samira Salem | DIRECTOR | Board | 2 | $18,000 |
Top 10 paid people listed
These 10 people received $8,362,238, which is 11.6% of the $71,796,606 salary base shared by 1,114 employees.
| Name | Title | Role | Hours/week | From this org | From related orgs | Other pay | Total |
|---|---|---|---|---|---|---|---|
| Kim Sponem | CEO/PRESIDENT | Officer | 50 | $2,746,637 | $0 | $92,326 | $2,838,963 |
| Rebecca Gerothanas | COO | Key employee | 50 | $1,062,075 | $0 | $58,574 | $1,120,649 |
| Keith Peterson | CFO | Officer | 50 | $477,841 | $0 | $315,155 | $792,996 |
| Christopher Hefter | CIO | Key employee | 50 | $579,288 | $0 | $181,915 | $761,203 |
| Eric Mathias | SVP - SALES & LENDING OPS | Key employee | 50 | $403,674 | $0 | $173,212 | $576,886 |
| Christopher Schell | CMO | Key employee | 50 | $327,289 | $0 | $197,243 | $524,532 |
| Kevin Piette | CHIEF COMMERCIAL BUS SERV OFFICER | Key employee | 50 | $396,148 | $0 | $81,891 | $478,039 |
| Kelly Erbach | SVP - BUSINESS TECH SOLUTIONS | Key employee | 50 | $273,494 | $0 | $203,758 | $477,252 |
| Thomas Hopp | VP OF SALES - BUSINESS SERVICES | Highly paid employee | 50 | $358,101 | $0 | $76,916 | $435,017 |
| James Corbett | SVP - HR & OD | Key employee | 50 | $287,078 | $0 | $69,623 | $356,701 |
Sources
- IRS e-file return 202533009349301623 (Form 990, period ending 2024-12-31): readable copy at ProPublica Nonprofit Explorer
- IRS Tax Exempt Organization Search for EIN 39-0230585
- Organization website (as filed): www.summitcreditunion.com