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SUMMIT CREDIT UNION

EIN 39-0230585 MADISON, WI

Revenue 2024
$453,854,644
Expenses 2024
$395,405,737

As filed

Subsection
14
Street
PO BOX 8046

These codes are the IRS's own and are shown exactly as filed. What each one means is in the Business Master File documentation (opens in a new tab).

Mission and programs · 2024

Mission

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.

  • SUMMIT SERVED OVER 266,000 MEMBERS IN 2024. THE CREDIT UNION CONTINUED TO OFFER ATTRACTIVE RATES ON VARIOUS SAVING AND LENDING PRODUCTS TO HELP MEMBERS IMPROVE THEIR FINANCIAL POSITION. LOANS GREW 6% AND DEPOSITS GREW 9% DURING 2024.

  • SUMMIT OPERATES BRANCHES IN FOUR HIGH SCHOOLS TO SERVE STUDENTS. WE OFFER ADDITIONAL FINANCIAL EDUCATION SESSIONS IN THE COMMUNITIES WE SERVE.

  • WE SUPPORT NUMEROUS COMMUNITY ORGANIZATIONS, INCLUDING UNITED WAY, GOODMAN COMMUNITY CENTER, URBAN LEAGUE AND NATIONAL CREDIT UNION FOUNDATION.

As filed on the 2024 return.

Officers and directors · 2024

As listed in Part VII of the 2024 return, in the order the filer printed them. Each return names its own; this is not a roster the organization keeps with us.

  • MARY TURKE

    DIRECTOR (PAST CHAIR)

    Total calculated
    $20,500
    From this org
    $20,500
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • MIKE SCHENK

    TREASURER

    Total calculated
    $18,000
    From this org
    $18,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    4

  • DANIEL KAISER

    CHAIR

    Total calculated
    $21,500
    From this org
    $21,500
    From related orgs
    $0
    Other
    $0
    Hours/week
    4

  • BOB LINDNER

    VICE CHAIR

    Total calculated
    $18,000
    From this org
    $18,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    4

  • STEFANIE NORVAISAS

    SECRETARY

    Total calculated
    $18,000
    From this org
    $18,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    4

  • DAVID RESZEL

    DIRECTOR (TREASURER ELECT)

    Total calculated
    $18,000
    From this org
    $18,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • DENNIS SAUEY

    DIRECTOR

    Total calculated
    $18,000
    From this org
    $18,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • JOHN LITSCHER

    DIRECTOR

    Total calculated
    $18,000
    From this org
    $18,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • MIKE O'BRIEN

    DIRECTOR

    Total calculated
    $18,000
    From this org
    $18,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • ABIGAIL RODRIGUEZ

    DIRECTOR

    Total calculated
    $18,000
    From this org
    $18,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • SAMIRA SALEM

    DIRECTOR

    Total calculated
    $18,000
    From this org
    $18,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • KIM SPONEM

    CEO/PRESIDENT

    Total calculated
    $2,838,963
    From this org
    $2,746,637
    From related orgs
    $0
    Other
    $92,326
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $1,720,336
    Bonus
    $966,406
    Other
    $59,895
    Deferred
    $90,065
    Nontaxable benefits
    $2,261
    Filer's total
    $2,838,963

  • KEITH PETERSON

    CFO

    Total calculated
    $792,996
    From this org
    $477,841
    From related orgs
    $0
    Other
    $315,155
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $372,468
    Bonus
    $100,374
    Other
    $4,999
    Deferred
    $292,180
    Nontaxable benefits
    $22,975
    Filer's total
    $792,996

  • CHRISTOPHER HEFTER

    CIO

    Total calculated
    $761,203
    From this org
    $579,288
    From related orgs
    $0
    Other
    $181,915
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $391,423
    Bonus
    $139,449
    Other
    $48,416
    Deferred
    $157,500
    Nontaxable benefits
    $24,415
    Filer's total
    $761,203

  • REBECCA GEROTHANAS

    COO

    Total calculated
    $1,120,649
    From this org
    $1,062,075
    From related orgs
    $0
    Other
    $58,574
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $358,804
    Bonus
    $161,512
    Other
    $541,759
    Deferred
    $34,109
    Nontaxable benefits
    $24,465
    Filer's total
    $1,120,649

  • CHRISTOPHER SCHELL

    CMO

    Total calculated
    $524,532
    From this org
    $327,289
    From related orgs
    $0
    Other
    $197,243
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $256,585
    Bonus
    $67,140
    Other
    $3,564
    Deferred
    $178,376
    Nontaxable benefits
    $18,867
    Filer's total
    $524,532

  • KELLY ERBACH

    SVP - BUSINESS TECH SOLUTIONS

    Total calculated
    $477,252
    From this org
    $273,494
    From related orgs
    $0
    Other
    $203,758
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $211,581
    Bonus
    $58,349
    Other
    $3,564
    Deferred
    $186,244
    Nontaxable benefits
    $17,514
    Filer's total
    $477,252

  • KEVIN PIETTE

    CHIEF COMMERCIAL BUS SERV OFFICER

    Total calculated
    $478,039
    From this org
    $396,148
    From related orgs
    $0
    Other
    $81,891
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $311,824
    Bonus
    $79,560
    Other
    $4,764
    Deferred
    $60,716
    Nontaxable benefits
    $21,175
    Filer's total
    $478,039

  • ERIC MATHIAS

    SVP - SALES & LENDING OPS

    Total calculated
    $576,886
    From this org
    $403,674
    From related orgs
    $0
    Other
    $173,212
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $314,584
    Bonus
    $81,607
    Other
    $7,483
    Deferred
    $151,797
    Nontaxable benefits
    $21,415
    Filer's total
    $576,886

  • JEREMY EPPLER

    VP - RISK MANAGEMENT

    Total calculated
    $243,785
    From this org
    $201,023
    From related orgs
    $0
    Other
    $42,762
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $177,376
    Bonus
    $19,068
    Other
    $4,579
    Deferred
    $20,047
    Nontaxable benefits
    $22,715
    Filer's total
    $243,785

  • JAMES CORBETT

    SVP - HR & OD

    Total calculated
    $356,701
    From this org
    $287,078
    From related orgs
    $0
    Other
    $69,623
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $255,146
    Bonus
    $29,010
    Other
    $2,922
    Deferred
    $44,270
    Nontaxable benefits
    $25,353
    Filer's total
    $356,701

  • THOMAS HOPP

    VP OF SALES - BUSINESS SERVICES

    Total calculated
    $435,017
    From this org
    $358,101
    From related orgs
    $0
    Other
    $76,916
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $227,770
    Bonus
    $126,167
    Other
    $4,164
    Deferred
    $55,249
    Nontaxable benefits
    $21,667
    Filer's total
    $435,017

  • JONATHAN WILLEMS

    VP - BLO MARKET MANAGER - BUSINESS SERVICES

    Total calculated
    $305,371
    From this org
    $263,629
    From related orgs
    $0
    Other
    $41,742
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $161,482
    Bonus
    $101,511
    Other
    $636
    Deferred
    $20,327
    Nontaxable benefits
    $21,415
    Filer's total
    $305,371

  • LUKE HAGEL

    VP - BLO MARKET MANAGER - BUSINESS SERVICES

    Total calculated
    $323,690
    From this org
    $280,327
    From related orgs
    $0
    Other
    $43,363
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $180,508
    Bonus
    $98,727
    Other
    $1,092
    Deferred
    $21,948
    Nontaxable benefits
    $21,415
    Filer's total
    $323,690

  • ERIC HESSELINK

    VP - BLO MARKET MANAGER - BUSINESS SERVICES

    Total calculated
    $295,007
    From this org
    $256,027
    From related orgs
    $0
    Other
    $38,980
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $161,858
    Bonus
    $93,133
    Other
    $1,036
    Deferred
    $17,565
    Nontaxable benefits
    $21,415
    Filer's total
    $295,007

The first 25 listed. Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us. Earlier years are each on their own filing page.

Filings

  • 2024
    Revenue
    $453,854,644
    Expenses
    $395,405,737
    Contributions
    $0
    Grants paid
    $347,449
  • 2023
    Revenue
    $344,575,674
    Expenses
    $293,446,606
    Contributions
    $0
    Grants paid
    $648,432
  • 2022
    Revenue
    $231,091,693
    Expenses
    $179,735,655
    Contributions
    $0
    Grants paid
    $936,656

The four totals the IRS asks for on Part I of the Form 990, as filed. A dash means the figure was not present on the return — not that it was zero.

Other returns filed

  • 2021 · 990

    Revenue
    $218,937,515
    Expenses
    $141,564,545
    Assets (EOY)
    $4,830,581,855

  • 2020 · 990

    Revenue
    $218,688,178
    Expenses
    $159,633,124
    Assets (EOY)
    $4,326,305,460

  • 2019 · 990

    Revenue
    $183,147,998
    Expenses
    $139,446,632
    Assets (EOY)
    $3,689,604,395

  • 2018 · 990

    Revenue
    $153,615,518
    Expenses
    $114,485,268
    Assets (EOY)
    $3,224,170,223

  • 2017 · 990

    Revenue
    $134,968,658
    Expenses
    $97,165,773
    Assets (EOY)
    $2,900,501,513

  • 2016 · 990

    Revenue
    $125,312,190
    Expenses
    $90,355,986
    Assets (EOY)
    $2,664,821,119

  • 2015 · 990

    Revenue
    $108,064,154
    Expenses
    $79,034,215
    Assets (EOY)
    $2,388,643,118

  • 2014 · 990

    Revenue
    $96,927,653
    Expenses
    $72,614,953
    Assets (EOY)
    $2,076,034,803

  • 2013 · 990

    Revenue
    $96,688,329
    Expenses
    $69,084,193
    Assets (EOY)
    $1,955,509,180

  • 2012 · 990

    Revenue
    not reported
    Expenses
    $74,080,222
    Assets (EOY)
    $1,886,824,377

Nonprofiteer parses Forms 990, 990-EZ and 990-PF, in a window of recent tax years. These returns are recorded from the IRS e-file index, so their figures were extracted by that index rather than read from the return here — treat them as a different source from the filings above, not as more of the same record. A dash means the index carries no figure; Form 990-T listings carry none at all. Showing the 10 most recent; the API carries the rest.

Grants made

The 10 largest by cash amount. The API serves every itemized grant.

Where these grants went next →

Grants received

No itemized grant names this organization as a recipient. Only grants over $5,000 are itemized, and only by filers of the full Form 990.

Other IRS files

Auto-Revocation List

Not listed. The IRS publishes this list for organizations whose exemption was automatically revoked for failing to file for three consecutive years.

Publication 78

Not present in the most recent drop.

These are two separate IRS files on two separate schedules, shown as published and not reconciled with each other. Neither is a statement about whether a contribution is deductible today: 19,245 organizations appear in Publication 78 while the IRS's own revocation file lists them as currently revoked, more than half of those revoked before 2019. Absence from Publication 78 is evidence of nothing, and presence is not evidence either. Verify current status with the IRS before relying on it.

What this page reflects

The registration facts above come from the IRS Business Master File published 13 October 2026 and read 26 October 2026, for every organization at once. Returns through tax year 2024, the newest we have parsed for this organization.