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.
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.
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
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 | — | — | — |
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
No grants recorded for .
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 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 |
Data last updated April 2026. Sourced from IRS Form 990-PF filings.
What could you do with Summit Credit Union on Grantable?
- Assess strategic fit with your organization
- Draft a tailored letter of inquiry
- Find open RFPs from this funder
- Monitor for new funding opportunities