Program areas at Summit Credit Union
Summit served over 240,000 members in 2022. The Credit Union continued to offer attractive rates on various saving and lending products to help members improve their financial position. Loans and deposits each grew more than 25% during 2022.
We support numerous community organizations, including united way, goodman community center, urban league and national Credit Union foundation.
Summit operates branches in four high schools to serve students. We offer additional financial education sessions in the communities we serve.
Grants made by Summit Credit Union
Personnel at Summit Credit Union
| Name | Title | Compensation | Date of data |
|---|
| Kim Sponem | Chief Executive Officer and President | $2,091,506 | 2024-08-21 |
| Rebecca Gerothanas | Board Member | $447,905 | 2024-08-21 |
| Ann Knutson | Senior Vice President - Human Resources and Org Development | $206,867 | 2022-12-31 |
| Nancy Kasten | Senior Vice President Human Resources and Lod / Senior Vice President Human Resources and Org Develop. / Senior Vice President , Human Resources and Organizational Development | $354,459 | 2022-12-31 |
| Eric Mathias | Vice President Sales Development / Vice President Retail Development | $313,621 | 2022-12-31 |
| ...and 14 more key personnel |
Financials for Summit Credit Union
| Revenues | FYE 12/2022 | FYE 12/2021 | % Change |
|---|
| Total grants, contributions, etc. | $0 | $0 | - |
| Program services | $211,554,475 | $211,920,298 | -0.2% |
| Investment income and dividends | $12,202,314 | $6,760,272 | 80.5% |
| Tax-exempt bond proceeds | $0 | $0 | - |
| Royalty revenue | $0 | $0 | - |
| Net rental income | $0 | $0 | - |
| Net gain from sale of non-inventory assets | $6,967,156 | $109,964 | 6235.9% |
| Net income from fundraising events | $0 | $0 | - |
| Net income from gaming activities | $0 | $0 | - |
| Net income from sales of inventory | $0 | $0 | - |
| Miscellaneous revenues | $367,748 | $146,981 | 150.2% |
| Total revenues | $231,091,693 | $218,937,515 | 5.6% |
Organizations like Summit Credit Union
| Organization | Type | Location | Revenue |
|---|
| Fox Communities Credit Union (FOXCU) | 501(c)(14) | Appleton, WI | $104,390,989 |
| UW Credit Union | 501(c)(14) | Madison, WI | $206,656,356 |
| Landmark Credit Union | 501(c)(14) | New Berlin, WI | $253,257,967 |
| Royal Credit Union (RCU) | 501(c)(14) | Eau Claire, WI | $198,876,123 |
| Capital Credit Union | 501(c)(14) | Green Bay, WI | $96,768,342 |
| CoVantage Credit Union | 501(c)(14) | Antigo, WI | $190,206,603 |
| Educators Credit Union (ECU) | 501(c)(14) | Mount Pleasant, WI | $166,801,060 |
| Community First Credit Union | 501(c)(14) | Appleton, WI | $283,664,523 |
| WESTconsin Credit Union | 501(c)(14) | Menomonie, WI | $106,439,696 |
| Connexus Credit Union | 501(c)(14) | Wausau, WI | $328,557,164 |
Data update history
May 13, 2024
Updated personnel
Identified 3 new personnel
January 22, 2024
Updated personnel
Identified 2 new personnel
January 15, 2024
Posted financials
Added Form 990 for fiscal year 2022
January 15, 2024
Updated personnel
Identified 2 new personnel
July 16, 2023
Posted financials
Added Form 990 for fiscal year 2021
Nonprofit Types
Grantmaking organizationsCredit unionsChapter / child organizations
Issues
No issues found
Characteristics
State / local level
General information
- Address
- PO Box 8046
- Madison, WI 53708
- Metro area
- Madison, WI
- County
- Dane County, WI
- Website URL
- summitcreditunion.com/Â
- Phone
- (608) 243-5000
IRS details
- EIN
- 39-0230585
- Fiscal year end
- December
- Taxreturn type
- Form 990
- Year formed
- 1935
- Eligible to receive tax-deductible contributions (Pub 78)
- No
Categorization
- NTEE code, primary
- W60: Financial Institutions, Credit Unions
- NAICS code, primary
- 522130: Credit Unions
- Parent/child status
- Child within group exemption
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