Summit Credit Union
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.
Key facts about Summit Credit Union
- EIN
- 39-0230585
- Latest 990 filing
- Form 990-PF, 2024
- Annual giving (2024)
- $347,449
- Grants made (2024)
- 16
- Average grant
- $21,716
- Median grant
- $15,000
- New grantees (estimate)
- 38% first-time grantees (6 of 16, 2024)
- Total assets
- $7,458,311,100
- Primary geography
- Wisconsin (100% of itemized 2024 grant dollars)
Data from IRS Form 990-PF, 2024; updated September 2026. New grantees are estimated by matching recipient names across years (methodology).
Who Summit Credit Union funds
By grant dollars, the top recipient states for Summit Credit Union's 16 itemized 2024 grants were Wisconsin (100%). The most frequent recipient cities were Madison, WI (11 grants). 81% of grants with a stated purpose were for general or operating support.
Is Summit Credit Union open to new grantees?
38%
first-time grantees, 2024
In 2024, 6 of 16 grantees (38%) were first-time recipients. First grants averaged $20K; repeat grants $23K. How we count
Medians: $16K first-time, $14K repeat.
Estimate from itemized IRS Form 990-PF grant lists (2020–2024). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
Next steps with Summit Credit Union
- How to evaluate Summit Credit Union as a funder
Our grant prospecting guide: read the 990-PF, check fit, and decide whether to apply.
- Draft an LOI to Summit Credit Union with AI
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- Track this opportunity in a free grant tracker
A free Google Sheets or Excel template for deadlines, award terms, and reports due.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$7.5B
+7.4% YoY
Annual Giving
$347K
-18.9% YoY
Grant Count
16
-30.4% YoY
Avg Grant Size
$22K
+16.6% YoY
About Summit Credit Union
Based on IRS filings
Summit Credit Union is a nonprofit organization, based in Madison, WI. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $7.5B in total assets. In 2024, it awarded 16 grants totaling $347K. Net investment income was $65.9M.
Ready to take the next step with Summit Credit Union?
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of all 16 itemized 2024 grant dollars.
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $7,458,311,100 | $6,945,113,848 | $6,224,510,320 |
| Revenue | $453,854,644 | $344,575,674 | $231,091,693 |
| Expenses | $395,405,737 | $293,446,606 | $179,735,655 |
| Qualifying Distributions | — | — | — |
| Net Investment Income | $65,896,421 | $25,398,039 | $19,169,470 |
| Distributable Amount | — | — | — |
Data update history
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
Grant Size Distribution
67 grants across all recorded years
Open Grants
1 open opportunity from Summit Credit Union
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest recipients include United Way of Dane County ($88,785), HC Squared Incorporated ($50,000), Madison College Foundation ($36,668).
| Recipient | Purpose | Amount |
|---|---|---|
| UNITED WAY OF DANE COUNTY Madison, WI | COMMUNITY SUPPORT | $88,785 |
| HC SQUARED INCORPORATED Marshall, WI | GENERAL SUPPORT | $50,000 |
| MADISON COLLEGE FOUNDATION Madison, WI | WBE SCHOLARSHIP AND STAND BY JACK PLEDGE | $36,668 |
| BOYS & GIRLS CLUB OF DANE COUNTY Madison, WI | GENERAL SUPPORT & FINANCIAL EDUCATION | $25,000 |
| ALDO LEOPOLD NATURE CENTER Monona, WI | GENERAL SUPPORT | $20,000 |
| YWCA MADISON Madison, WI | GENERAL SUPPORT | $17,500 |
| THE RIVER FOOD PANTRY Madison, WI | GENERAL SUPPORT | $16,666 |
| CENTRO HISPANO OF DANE CO Madison, WI | GENERAL SUPPORT | $15,000 |
| MADISON READING PROJECT Madison, WI | GENERAL SUPPORT | $15,000 |
| SUN PRAIRIE PUBLIC LIBRARY FOUNDATION Sun Prairie, WI | GENERAL SUPPORT | $12,500 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 IRS filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Mary Turke | Director (Past Chair) | 2 | $20,500 |
| Mike Schenk | Treasurer | 4 | $18,000 |
| Daniel Kaiser | Chair | 4 | $21,500 |
| Bob Lindner | Vice Chair | 4 | $18,000 |
| Stefanie Norvaisas | Secretary | 4 | $18,000 |
| David Reszel | Director (Treasurer Elect) | 2 | $18,000 |
| Dennis Sauey | Director | 2 | $18,000 |
| John Litscher | Director | 2 | $18,000 |
| Mike O'Brien | Director | 2 | $18,000 |
| Abigail Rodriguez | Director | 2 | $18,000 |
| Samira Salem | Director | 2 | $18,000 |
| Kim Sponem | CEO/President | 50 | $2,746,637 |
| Keith Peterson | CFO | 50 | $477,841 |
| Christopher Hefter | CIO | 50 | $579,288 |
| Rebecca Gerothanas | COO | 50 | $1,062,075 |
| Christopher Schell | Cmo | 50 | $327,289 |
| Kelly Erbach | SVP - Business Tech Solutions | 50 | $273,494 |
| Kevin Piette | Chief Commercial Bus Serv Officer | 50 | $396,148 |
| Eric Mathias | SVP - Sales & Lending Ops | 50 | $403,674 |
| Jeremy Eppler | VP - Risk Management | 50 | $201,023 |
| James Corbett | SVP - HR & Od | 50 | $287,078 |
| Thomas Hopp | VP of Sales - Business Services | 50 | $358,101 |
| Jonathan Willems | VP - Blo Market Manager - Business Services | 50 | $263,629 |
| Luke Hagel | VP - Blo Market Manager - Business Services | 50 | $280,327 |
| Eric Hesselink | VP - Blo Market Manager - Business Services | 50 | $256,027 |
| Greg Cunningham | VP - Digital Technology | 50 | $238,681 |
Frequently Asked Questions
How large is Summit Credit Union?
As of 2024, Summit Credit Union holds $7.5B in total assets with $453.9M in annual revenue. It awarded 16 grants totaling $347K in 2024.
Where does Summit Credit Union operate?
Summit Credit Union has awarded grants in Georgia, Wisconsin.
What size grants does Summit Credit Union award?
In 2024, Summit Credit Union awarded 16 grants totaling $347K — an average of about $22K per grant, based on its IRS Form 990 filings.
What is Summit Credit Union's EIN?
Summit Credit Union's EIN (Employer Identification Number) is 39-0230585. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in Summit Credit Union's focus areas in our free grants database
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Data last updated September 2026. Sourced from IRS Form 990-PF filings.