Cause IQ organization profile

Summit Credit Union

Program areas | Form 990s | Financials | Vendors | Personnel | Peers

Summit Credit Union is a credit union based in Madison, WI that was founded in 1935. As of 2019 they had $153 million in revenue and $3.2 billion in assets.

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 socia...

Fiscal year end:
Revenue trends:
Asset trends:

Program areas at Summit Credit Union

Summit served over 180,000 members in 2018. The Credit Union continued to offer attractive rates on various saving and lending products to help members improve their financial position. Loans grew 16% during 2018.

We support numerous community organizations, including united way, goodman community center, urban league and national Credit Union foundation.

Summit created and supports the star Credit Union, serving members of the madison boys and girls club with financial education and services, and we operate branches in three high schools to serve students. We offer additional financial education sessions in the communities we serve.

Form 990s for Summit Credit Union

Fiscal year endingDate received by IRSFormPDF link
2018-12Feb 14, 2020990View PDF
2017-12Dec 22, 2018990View PDF
2016-12Dec 26, 2017990OView PDF
2015-12Feb 28, 2017990OView PDF
2014-12Feb 2, 2016990OView PDF
...and five more Form 990 PDFs

Financials for Summit Credit Union

Total grants, contributions, etc.$0
Program services$147,326,393
Investment income and dividends$6,164,236
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$122,349
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$2,540
Total revenues$153,615,518

Vendors for Summit Credit Union

VendorServicesAmount paidDate
DrupalContent management system software2020-05-28
██████Fundraising software2020-05-28
███████ ███ ████Fundraising software; Payment processing2020-05-28
███ ████ █████████ ███████ ██ ██████Insurance2019-12-31
██████ █████████ ████████ ████Insurance2019-12-31
██ █████████ ██████████ ████Insurance agent or broker; Insurance agents and brokers$29,0672019-12-31
██████ ██████ ███████ █████ ███████████Insurance2019-12-31
██████████████████ ███Tax accounting; Audit accounting2019-11-12
...and nine more vendors

Personnel at Summit Credit Union

NameTitleCompensationMost recent data
Kim SponemChief Executive Officer and President$993,897Sept. 5, 2019
Rebecca GerothanasChief Operations Officer / Senior Vice President Operations$305,188Sept. 5, 2019
█████ ████████Chief Financial Officer$336,918Feb. 14, 2020
█████ ██████Chief Marketing Officer / Senior Vice President , Marketing-Sept. 5, 2019
█████ ██████Chief Information Officer-Sept. 5, 2019
█████ ██████Vice President , Human Resources and Organizational Development / Senior Vice President Human Resources and Org Develop.$239,951Sept. 5, 2019
████ ███████Vice President Retail Development$174,114Dec. 31, 2018
█████ ██████Vice President - Business Services SR$160,921Dec. 31, 2018
██████ ██████Vice President Mortgage Lending$152,176Dec. 31, 2018
████ ███████Past Chief Lending Officer$245,296Dec. 31, 2018
...and six more key personnel

Peer credit unions

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2Community First Credit Union501(c)(14)$126 millionNeenah, WI
3Verve a Credit Union501(c)(14)$56 millionOshkosh, WI
4Landmark Credit Union501(c)(14)$191 millionNew Berlin, WI
5Royal Credit Union (RCU)501(c)(14)$131 millionEau Claire, WI
6Capital Credit Union501(c)(14)$72 millionGreen Bay, WI
7Marine Credit Union501(c)(14)$63 millionLa Crosse, WI
8UW Credit Union501(c)(14)$150 millionMadison, WI
9CoVantage Credit Union501(c)(14)$73 millionAntigo, WI
10Fox Communities Credit Union (FOXCU)501(c)(14)$74 millionAppleton, WI
11Connexus Credit Union501(c)(14)$128 millionWausau, WI
12Educators Credit Union (ECU)501(c)(14)$115 millionMT Pleasant, WI
13Credit Union of Colorado (CUofCO)501(c)(14)$48 millionDenver, CO
14Meritrust Credit Union501(c)(14)$75 millionWichita, KS
15DuPont Community Credit Union (DCCU)501(c)(14)$65 millionWaynesboro, VA
16Spire Federal Credit Union501(c)(14)$50 millionFalcon Heights, MN
17InTouch Credit Union (ITCU)501(c)(14)$42 millionPlano, TX
18iQ Credit Union (IQCU)501(c)(14)$61 millionVancouver, WA
19Deere Employees Credit Union501(c)(14)$51 millionMoline, IL
20Credit Unions Chartered in the State of Michigan - 58 Honor Credit Union501(c)(14)$60 millionBerrien Springs, MI
21Directions Credit Union501(c)(14)$42 millionSylvania, OH
22Harborstone Credit Union501(c)(14)$61 millionTacoma, WA
23Sierra Central Credit Union501(c)(14)$48 millionYuba City, CA
24American Eagle Financial Credit Union501(c)(14)$79 millionEast Hartford, CT
25Credit Union ONE (CUONE)501(c)(14)$59 millionFerndale, MI