Verve Credit Union
Oshkosh, WI · EIN 39-0711674 · Rank 6,435 by total revenue
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.
Money, Form 990 for tax year 2024
- Total revenue
- $81,444,360
- Total expenses
- $80,634,270
- Total assets
- $1,536,325,468
- Salary base (all salaries and wages)
- $18,673,316
- Salaries, other pay and benefits
- $22,953,549
- Employees
- 299
- Salary base per employee
- $62,453
"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 (16)
| Name | Title | Role | Hours/week | Total pay |
|---|---|---|---|---|
| Kevin Ralofsky | PRESIDENT/CEO | Officer | 40 | $727,992 |
| Glen Stiteley | CFO | Officer | 40 | $358,391 |
| Victoria Beltran | CHAIRPERSON | Board, Officer | 1 | None reported |
| Michael Pollack | VICE CHAIRPERSON | Board, Officer | 1 | None reported |
| Erin Winters | TREASURER | Board, Officer | 1 | None reported |
| Kevin Bornemann | SECRETARY | Board, Officer | 1 | None reported |
| Chris Butler | REGIONAL PRESIDENT - PART YEAR | Key employee | 40 | $374,936 |
| John Hill | VP OF BUSINESS LENDING | Key employee | 40 | $282,808 |
| Kenneth Buksnes | CHIEF CREDIT OFFICER | Key employee | 40 | $277,971 |
| Mitch Kime | CHIEIF GROWTH OFFICER | Key employee | 40 | $229,831 |
| Rema Momberg | VP OF HUMAN RESOURCES | Key employee | 40 | $206,550 |
| Brian Borchardt | DIRECTOR | Board | 1 | None reported |
| Jacob Gosz | DIRECTOR | Board | 1 | None reported |
| Adrienne Hartman | DIRECTOR | Board | 1 | None reported |
| Tony Mayhugh | DIRECTOR | Board | 1 | None reported |
| Christa Williams | DIRECTOR | Board | 1 | None reported |
Top 10 paid people listed
These 10 people received $3,034,145, which is 16.2% of the $18,673,316 salary base shared by 299 employees.
| Name | Title | Role | Hours/week | From this org | From related orgs | Other pay | Total |
|---|---|---|---|---|---|---|---|
| Kevin Ralofsky | PRESIDENT/CEO | Officer | 40 | $678,466 | $0 | $49,526 | $727,992 |
| Chris Butler | REGIONAL PRESIDENT - PART YEAR | Key employee | 40 | $343,593 | $0 | $31,343 | $374,936 |
| Glen Stiteley | CFO | Officer | 40 | $322,255 | $0 | $36,136 | $358,391 |
| John Hill | VP OF BUSINESS LENDING | Key employee | 40 | $266,616 | $0 | $16,192 | $282,808 |
| Kenneth Buksnes | CHIEF CREDIT OFFICER | Key employee | 40 | $249,608 | $0 | $28,363 | $277,971 |
| Mitch Kime | CHIEIF GROWTH OFFICER | Key employee | 40 | $219,947 | $0 | $9,884 | $229,831 |
| Rema Momberg | VP OF HUMAN RESOURCES | Key employee | 40 | $196,536 | $0 | $10,014 | $206,550 |
| Grant Wheat | VP OF RISK MANAGEMENT | Highly paid employee | 40 | $178,575 | $0 | $19,408 | $197,983 |
| Robert Ketter | VP OF TECHNOLOGY | Highly paid employee | 40 | $185,962 | $0 | $10,326 | $196,288 |
| Michael Simonds | VP OF LOAN OPERATIONS | Highly paid employee | 40 | $170,865 | $0 | $10,530 | $181,395 |
Sources
- IRS e-file return 202533179349308188 (Form 990, period ending 2024-12-31): readable copy at ProPublica Nonprofit Explorer
- IRS Tax Exempt Organization Search for EIN 39-0711674
- Organization website (as filed): www.verveacu.com