Summit Credit Union
Summit Credit Union is a member-owned financial cooperative based in Madison, Wisconsin, formed in 1935. Its 2024 filing identifies it as a Form 990 filer (a public charity). Summit supports community organizations and programs related to financial wellbeing, women’s empowerment and advancing equity.
Summit Credit Union at a glance
In short: Summit Credit Union gave $347K across 16 grants in 2024 (avg $22K), mostly in Wisconsin. 31% of 2024 grantees were new. Source: 2024 IRS Form 990.
- Annual giving (2024)
- $347,449
- -18.9% vs 2023
- Grants made (2024)
- 16
- -30.4% vs 2023
- Average grant
- $21,716
- +16.6% vs 2023
- Median grant
- $15,000
- Total assets
- $7,458,311,100
- +7.4% vs 2023
- New grantees (estimate)
- 31% first-time grantees (5 of 16, 2024; small sample)
- Primary geography
- Wisconsin (100% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990, 2024 View filing
Data from IRS Form 990, 2024; updated October 2026. New grantees are estimated by matching recipient names across years (methodology).
How to apply to Summit Credit Union
- How to Apply
-
Submit a request through Summit’s online application with information specific to the proposed event or program. The website lists eligibility and funding restrictions; applicants should allow at least six weeks for review and submit at least 60 days before their deadline.
- Contact
Mailing address: PO Box 8046, Madison, WI 53708-8046
Phone: (608) 243-5000
Website: https://summitcreditunion.com
Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Open Grants
1 open opportunity from Summit Credit Union
Who Summit Credit Union funds
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
The largest 2024 recipient was United Way of Dane County ($89K). Together the top 10 received $297K.
Grant Size Distribution
67 grants across all recorded years
The most common grant size was under $50K: 59 grants of 67 (88%).
Geographic Focus
Where this funder awards grants
All reported 2024 grant dollars went to recipients in Wisconsin. Summit’s website says eligible organizations must serve communities within its areas of operation.
Grant Distribution by State
Share of 2024 grant dollars across all 16 itemized grants.
Cities
Is Summit Credit Union open to new grantees?
31%
first-time grantees, 2024
In 2024, 5 of 16 grantees (31%) were first-time recipients. With only 16 grantees, that is a small sample: one grantee more or less moves the share by about 6 points. First grants averaged $23K; repeat grants $21K. How we count
Medians: $18K first-time, $13K repeat.
Estimate from itemized grant lists in IRS Form 990 filings (2020–2024). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2024, annual grant giving ranged from $79K (2020) to $842K (2021). In 2024 it made 16 grants totaling $347K.
Grants by year
Grant recipients and amounts by year
| 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 |
Ready to take the next step with Summit Credit Union?
Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Net Investment Income |
|---|---|---|---|---|---|---|
| 2024 | $7,458,311,100 | $453,854,644 | $395,405,737 | $347,449 | 16 | $65,896,421 |
| 2023 | $6,945,113,848 | $344,575,674 | $293,446,606 | $428,299 | 23 | $25,398,039 |
| 2022 | $6,224,510,320 | $231,091,693 | $179,735,655 | $833,281 | 10 | $19,169,470 |
| 2021 | $4,830,581,855 | $218,937,515 | $141,564,545 | $842,453 | 12 | $6,870,236 |
| 2020 | $4,326,305,460 | $218,688,178 | $159,633,124 | $78,500 | 6 | $6,198,506 |
Research compiled by Grantable AI from public sources. Last updated October 2026.
Mission & Focus Areas
Summit’s 2024 filing states that its mission is to encourage thrift among members, provide credit at a fair and reasonable cost, and give members an opportunity to improve their economic and social conditions. Its website identifies financial wellbeing, women’s empowerment and advancing equity as its community-giving pillars. It also describes giving priorities that include women’s financial wellness and scholarships.
The 2024 grantees show support for a range of community organizations. United Way of Dane County describes its mission as uniting the community to achieve measurable results that change lives. Madison College Foundation says it supports high-quality, open-access education. Aldo Leopold Nature Center describes its work as connecting children with nature to support their wellbeing and environmental sustainability. YWCA Madison says it is dedicated to eliminating racism and empowering women. Other grantees include organizations whose stated missions concern food and community resources, literacy for vulnerable children, youth and family empowerment, and support for the Sun Prairie Public Library.
Grantmaking
Summit reported 16 grants totaling $347,449 in filing year 2024. The grants ranged from $5,500 to $88,785, with a median of $15,000. Its website says that in 2025 it donated to more than 225 organizations; separately, it reports that its average donation is between $500 and $1,000.
Among the largest 2024 grants were $88,785 to United Way of Dane County for community support; $50,000 to HC Squared Incorporated for general support; $36,668 to Madison College Foundation for the WBE Scholarship and Stand By Jack pledge; and $25,000 to Boys & Girls Club of Dane County for general support and financial education. Summit also gave $20,000 to Aldo Leopold Nature Center, $17,500 to YWCA Madison, and $16,666 to The River Food Pantry, each for general support.
Summit’s website says eligible applicants are IRS-defined 501(c)(3) nonprofits serving communities within its areas of operation, applying through its online form and supporting at least one community-giving pillar. Summit says membership is considered but does not guarantee support. It does not fund individuals, religious or political organizations, capital campaigns, or organizations that discriminate on listed grounds. Its community-giving committee reviews requests monthly; it asks applicants to allow at least six weeks for review and processing and says requests should be submitted at least 60 days before the deadline. Summit does not consider donations beyond five consecutive years of support.
Leadership & Key People
Leadership team and compensation from IRS filings
The 2024 filing lists Daniel Kaiser as chair, Bob Lindner as vice chair, Mike Schenk as treasurer, Stefanie Norvaisas as secretary, Mary Turke as director and past chair, and David Reszel as director and treasurer-elect. It also lists Dennis Sauey, John Litscher, Mike O’Brien and Abigail Rodriguez as directors.
Summit Credit Union is led by Kim Sponem, CEO & President on every filing since 2020; all 26 officers listed in 2024 are compensated.
Officers on the 2024 filing
Kim Sponem
CEO & President
On filings since 2020
50 hrs/week
$1.3M (2020) → $2.7M (2024)
Daniel Kaiser
Chair
Treasurer → Secretary, 2021
Secretary → Chair, 2023
On filings since 2020
4 hrs/week
$6K (2020) → $22K (2024)
David Reszel
Director
Vice Chair → Chair, 2021
Chair → Director, 2023
On filings since 2020
2 hrs/week
$6K (2020) → $18K (2024)
Dennis Sauey
Director
On filings since 2020
2 hrs/week
$6K (2020) → $18K (2024)
John Litscher
Director
On filings since 2020
2 hrs/week
$6K (2020) → $18K (2024)
Mary Turke
Director
Vice Chair → Chair, 2023
Chair → Director, 2024
On filings since 2020
2 hrs/week
$6K (2020) → $21K (2024)
Mike O'Brien
Director
On filings since 2020
2 hrs/week
$6K (2020) → $18K (2024)
Abigail Rodriguez
Director
On filings since 2021
2 hrs/week
$18K (2021) → $18K (2024)
Samira Salem
Director
On filings since 2021
2 hrs/week
$18K (2021) → $18K (2024)
Bob Lindner
Vice Chair
Director → Treasurer, 2021
Treasurer → Vice Chair, 2023
On filings since 2020
4 hrs/week
$6K (2020) → $18K (2024)
Christopher Hefter
CIO
On filings since 2020
50 hrs/week
$328K (2020) → $579K (2024)
Christopher Schell
CMO
On filings since 2020
50 hrs/week
$280K (2020) → $327K (2024)
Eric Mathias
Senior Vice President - Sales & Lending Ops
Vice President Sales Development → Senior Vice President - Sales & Lending Ops, 2023
On filings since 2020
50 hrs/week
$206K (2020) → $404K (2024)
Jeremy Eppler
Vice President - Risk Management
Vice President Risk Management → Vice President - Risk Management, 2022
On filings since 2020
50 hrs/week
$186K (2020) → $201K (2024)
Keith Peterson
CFO
On filings since 2020
50 hrs/week
$402K (2020) → $478K (2024)
Kelly Erbach
Senior Vice President - Business Tech Solutions
Vice President - Business Tech Solutio → Senior Vice President - Business Tech Solutions, 2024
On filings since 2020
50 hrs/week
$194K (2020) → $273K (2024)
Mike Schenk
Treasurer
Chair → Former Chair, 2021
Former Chair → Treasurer, 2023
On filings since 2020
4 hrs/week
$8K (2020) → $18K (2024)
Rebecca Gerothanas
COO
On filings since 2020
50 hrs/week
$370K (2020) → $1.1M (2024)
Stefanie Norvaisas
Secretary
Director → Secretary, 2023
On filings since 2020
4 hrs/week
$6K (2020) → $18K (2024)
James Corbett
Senior Vice President - Hr
On filings since 2023
50 hrs/week
$101K (2023) → $287K (2024)
Jonathan Willems
Vice President - Blo Market Manager - Business Services
Vice President - Blow Market Manager - Business Services → Vice President - Blo Market Manager - Business Services, 2024
On filings since 2023
50 hrs/week
$223K (2023) → $264K (2024)
Kevin Piette
Chief Commercial Bus Serv Officer
On filings since 2023
50 hrs/week
$364K (2023) → $396K (2024)
Luke Hagel
Vice President - Blo Market Manager - Business Services
On filings since 2023
50 hrs/week
$218K (2023) → $280K (2024)
Thomas Hopp
Vice President of Sales - Business Services
On filings since 2023
50 hrs/week
$335K (2023) → $358K (2024)
Eric Hesselink
Vice President - Blo Market Manager - Business Services
New on the 2024 filing
50 hrs/week
$256K (2024)
Greg Cunningham
Vice President - Digital Technology
New on the 2024 filing
50 hrs/week
$239K (2024)
Former officers (11)
- Former: Ann Knutson (2022–2023) — Senior Vice President - Hr & Org Development
- Former: James Holden (2022–2023) — Vice President - Blo Market Manager
- Former: John Jones (2022–2023) — Vice President - Business, Commercial Credit Risk & Operations
- Former: Adam Pelletter (2020–2022) — Mortgage Loan Officer
- Former: Nancy Kasten (2020–2022) — Senior Vice President Hr & Lod
- Former: Aaron Hurt (2022) — Vice President Business Technology Services
- Former: Kristin Nesbitt (2022) — Vice President - Mortgage Lending
- Former: Steve Hansen (2020–2021) — Mortgage Loan Officer
- Former: Timothy Greene (2020–2021) — Mortgage Loan Officer
- Former: Bryce Kingsley (2020) — Mortgage Loan Officer
- Former: Mary Byrd (2020) — Mortgage Loan Officer
Data from IRS Form 990 filings, 2020–2024. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2024 IRS filing
The highest reported compensation on the 2024 filing was $2.7M, to Kim Sponem (CEO/President). 26 officers or directors reported compensation on that filing.
Frequently asked questions about Summit Credit Union
How much does Summit Credit Union give each year?
Summit Credit Union gave $347K across 16 grants in 2024, according to its 2024 IRS Form 990. In 2023 it gave $428K across 23 grants.
What is Summit Credit Union's typical grant size?
Summit Credit Union's median grant in 2024 was $15,000, and its average grant was $21,716, across 16 grants on its 2024 IRS Form 990. Organizations receiving their first grant from Summit Credit Union that year got $23K on average.
Where does Summit Credit Union give grants?
Summit Credit Union gives mostly in Wisconsin: 100% of the grant dollars itemized on its 2024 IRS Form 990 went to recipients there. The most frequent recipient cities were Madison, WI (11 grants).
Does Summit Credit Union give general operating support?
Yes: 81% of Summit Credit Union's 2024 grants with a stated purpose (13 of 16) were for general or operating support, per its 2024 IRS Form 990.
Who are Summit Credit Union's largest grantees?
Summit Credit Union's largest 2024 grantees include United Way of Dane County ($88,785), HC Squared Incorporated ($50,000) and Madison College Foundation ($36,668), according to its 2024 IRS Form 990. Together they received 50% of its itemized 2024 grant dollars.
How large is Summit Credit Union?
Summit Credit Union reported $7.5B in total assets on its 2024 IRS Form 990. Its revenue that year was $453.9M.
What does Summit Credit Union fund?
Summit’s 2024 filing states that its mission is to encourage thrift among members, provide credit at a fair and reasonable cost, and give members an opportunity to improve their economic and social conditions. See mission & focus areas ↑
How do I apply for a grant from Summit Credit Union?
Submit a request through Summit’s online application with information specific to the proposed event or program. Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑
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.
Data last updated October 2026. Sourced from IRS Form 990 filings. Research dossier generated October 2026.
Data update history
(6)
When this profile's IRS filing data changed on Grantable
- Updated Form 990 for fiscal year 2020 (received by the IRS November 9, 2021)
- Updated Form 990 for fiscal year 2021 (received by the IRS November 14, 2022)
- Updated Form 990 for fiscal year 2022 (received by the IRS November 15, 2023)
- Updated Form 990 for fiscal year 2023 (received by the IRS November 15, 2024)
- Updated Form 990 for fiscal year 2024 (received by the IRS October 27, 2025)
- IRS filings on file for fiscal years 2020–2024
Other open foundation grants in Wisconsin
Wisconsin Open opportunities, soonest deadline first.
- Wausau Marathon County Impact Grants (Community Foundation of North Central Wisconsin) $1,000 to $100,000 depending on the scope of the project · Due October 27, 2026
- Keep Smyrna Beautiful School Grants (2026-2027) Up to $2,500 · Due November 1, 2026
- Dunlap Williamson Fund (Community Foundation of Central Georgia) Due November 1, 2026
Explore Open Grants
Browse active grant opportunities in Summit Credit Union's focus areas in our free grants database
Similar Funders
Funders that support many of the same organizations
Madison Community Foundation
Madison, WI
Madison Community Foundation funds nonprofits through Community Impact grants in arts and culture, community development, environment, learning, and organizational capacity, as well as Field of Interest funds. Its 2024 grants had a median of about $12,000; Community Impact grants average $50,000 and may span multiple years. Grants primarily benefit organizations in Dane County, Wisconsin, and the foundation accepts unsolicited requests through its stated application processes.
Assets
$347.6M
Grants
376
Total Given
$13.6M
Madison Gas and Electric Foundation Inc
Madison, WI
The foundation funds charitable and tax-exempt organizations, including community services and affordable workforce housing, primarily in Madison and within Madison Gas and Electric’s service territory. In 2024, grants ranged from $100 to $300,000, with a median of $2,000. It accepts applications and does not limit giving to preselected organizations.
Assets
$45.2M
Grants
217
Total Given
$1.9M
The Evjue Foundation Inc
Madison, WI
The Evjue Foundation supports religious, charitable, educational, civic, and cultural organizations, with grants spanning needs such as health, arts, housing, and community services. Its 2025 grants ranged from $6,000 to $200,000, with a median of $15,000; nearly all grant funding went to organizations in Wisconsin. The profile does not state whether it accepts unsolicited requests.
Assets
$30.3M
Grants
70
Total Given
$1.5M
Trustage Foundation Inc
Madison, WI
TruStage Foundation funds economic mobility through education—especially K–12 literacy, mentoring, and tutoring—and housing, including affordable housing, homelessness support, and rental assistance, with an emphasis on equity and systemic change. Its 2024 grants ranged from $250 to $650,000, with a median of $22,500; it prioritizes Madison/Dane County, Wisconsin, and the Cedar Valley area of Iowa, while employee giving supports organizations nationwide. Its 2024 filing says it funds preselected organizations and does not accept unsolicited requests.
Assets
$14.6M
Grants
74
Total Given
$3.6M
The Oscar Rennebohm Foundation Inc
Madison, WI
The Oscar Rennebohm Foundation funds education, health care, research, and human services, including support for older adults, through projects benefiting the Greater Madison area, especially Madison and Dane County. Its 2025 grants ranged from $4,000 to $300,000, with a median of $75,000. It accepts unsolicited requests from eligible public charities through a brief online Letter of Inquiry.
Assets
$49.2M
Grants
37
Total Given
$3.2M
The Roots and Wings Foundation Inc
Seattle, WA
The Roots & Wings Foundation supports nonprofits helping low-income children and families thrive, especially from pregnancy through age three, in areas including basic needs, early learning, health, and safety and justice. Its 2024 grants ranged from $100 to $2 million, with a median of $55,000, and it funds organizations in Wisconsin, Washington, and nationally. It does not accept unsolicited requests; it identifies potential partners and invites aligned organizations to apply.
Assets
$611.8M
Grants
518
Total Given
$66.6M
More similar funders
More Funders in Wisconsin
Cite this profile
Grantable. (2026). Summit Credit Union funder profile. GrantGraph. Retrieved October 16, 2026, from https://grantable.co/funders/summit-credit-union-morg_782f579f897a49bfa94121a594a62309
BibTeX
@misc{grantable_390230585_2026,
author = {{Grantable}},
title = {{Summit Credit Union funder profile}},
howpublished = {GrantGraph},
year = {2026},
url = {https://grantable.co/funders/summit-credit-union-morg_782f579f897a49bfa94121a594a62309},
note = {Accessed 2026-10-16. Data licensed CC BY 4.0}
}The figures on this page are open data under CC BY 4.0: reuse them with credit to Grantable and a link. Download the data.
Figures come from Summit Credit Union's IRS filings (methodology). AI-written summaries, news items and logos are not covered by the open licence. Spot an error? Email hello@grantable.co.
Summit Credit Union down — hundreds of funders to go?