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Filing year 2024

SUMMIT CREDIT UNION

Madison, Wisconsin·EIN 39-0230585·501(c)(14)
Total revenue
$453.9M
Total assets
$7.5B
Total expenses
$395.4M
Reported officers
26
Mission

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.

Executive compensation, broken down

Form 990 · Part VII & Schedule J · 26 reported individuals · Filing year 2024

Percentile bands compare each position's total pay with the same role at nonprofits nationwide, across all sectors.

Ceo/president
Above 90th percentile
$2.8M
$3.1M
Base
$1.7M
Bonus
$966k
Other
$60k
Benefits
$2k
COO
Above 90th percentile
$1.1M
$1.2M
Base
$359k
Bonus
$162k
Other
$542k
Benefits
$24k
CFO
Above 90th percentile
$793k
$853k
Base
$372k
Bonus
$100k
Other
$5k
Benefits
$23k
CIO
Chief Information Officer
Above 90th percentile
$761k
$819k
Base
$391k
Bonus
$139k
Other
$48k
Benefits
$24k
SVP - Sales & Lending Ops
Senior Vice President
75th to 90th percentile
$577k
$621k
Base
$315k
Bonus
$82k
Other
$7k
Benefits
$21k
CMO
Key Employee
Above 90th percentile
$525k
$564k
Base
$257k
Bonus
$67k
Other
$4k
Benefits
$19k
Chief Commercial Bus Serv Officer
Key Employee
Above 90th percentile
$478k
$514k
Base
$312k
Bonus
$80k
Other
$5k
Benefits
$21k
SVP - Business Tech Solutions
Senior Vice President
75th to 90th percentile
$477k
$513k
Base
$212k
Bonus
$58k
Other
$4k
Benefits
$18k
VP of Sales - Business Services
Board Vice President
Above 90th percentile
$435k
$468k
Base
$228k
Bonus
$126k
Other
$4k
Benefits
$22k
SVP - HR & OD
Senior Vice President
Median to 75th percentile
$357k
$384k
Base
$255k
Bonus
$29k
Other
$3k
Benefits
$25k
VP - Blo Market Manager - Business Services
Business Manager
Above 90th percentile
$324k
$348k
Base
$181k
Bonus
$99k
Other
$1k
Benefits
$21k
VP - Blo Market Manager - Business Services
Business Manager
Above 90th percentile
$305k
$328k
Base
$161k
Bonus
$102k
Other
$636
Benefits
$21k
VP - Blo Market Manager - Business Services
Business Manager
Above 90th percentile
$295k
$317k
Base
$162k
Bonus
$93k
Other
$1k
Benefits
$21k
VP - Digital Technology
Board Vice President
75th to 90th percentile
$274k
$295k
Base
$214k
Bonus
$510
Other
$25k
Benefits
$9k
VP - Risk Management
Board Vice President
75th to 90th percentile
$244k
$262k
Base
$177k
Bonus
$19k
Other
$5k
Benefits
$23k
Chair
Board Chair
25th percentile to median
$22k
$23k
Director (past Chair)
Board Chair
25th percentile to median
$21k
$22k
Director
Board Member
Median to 75th percentile
$18k
$19k
Director
Board Member
Median to 75th percentile
$18k
$19k
Director
Board Member
Median to 75th percentile
$18k
$19k
Director
Board Member
Median to 75th percentile
$18k
$19k
Director
Board Member
Median to 75th percentile
$18k
$19k
Treasurer
Officer (Unspecified)
$18k
$19k
Vice Chair
Board Vice Chair
Median to 75th percentile
$18k
$19k
Secretary
Officer (Unspecified)
$18k
$19k
Director (treasurer Elect)
Board Member
Median to 75th percentile
$18k
$19k

Teal figures restate each filed amount in 2026 dollars.

Estimated with BLS CPI-U for the Midwest region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Up 16%
from 2023

From $2.4M in 2023 to $2.8M in 2024.

$2.4M
2023
$2.8M
2024
In today's dollarsEst.
Up 13% in real terms$2.7M to $3.1M

Estimated with BLS CPI-U for the Midwest region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Pay for the position

Chief Executive Officer pay rose 16% from 2023 to 2024, while revenue rose 32%.

$2.4M in 2023 to $2.8M in 2024.
  • Chief Operating Officer pay rose 91% from 2023 to 2024.
  • Chief Financial Officer pay rose 18% from 2023 to 2024.

Pay for the position itself, not any one person. The officeholder may have changed between 2023 and 2024.

Highest reported compensation in each year. Volunteer board members and partial-year payouts are filtered out.
Financial trend

Revenue and expenses over time

SUMMIT CREDIT UNION reported revenue and expenses across 2 filing years.

RevenueExpenses
$344.6M
$293.4M
2023
$453.9M
$395.4M
2024
Total revenue and total expenses from IRS Form 990 filings.
FAQ

Common questions about SUMMIT CREDIT UNION

What does the Chief Executive Officer of SUMMIT CREDIT UNION earn?

In 2024, the Chief Executive Officer of SUMMIT CREDIT UNION received $2,838,963 in total compensation. This pay is in the top 10% for Chief Executive Officer roles among nonprofits nationwide, across all sectors: at least 9 in 10 comparable filings report less. Based on IRS Form 990 data.

How does Chief Executive Officer pay at SUMMIT CREDIT UNION compare with similar nonprofits?

Compared with the same role at nonprofits nationwide, across all sectors, the 2024 pay of the Chief Executive Officer at SUMMIT CREDIT UNION falls in the top 10%.

What are SUMMIT CREDIT UNION's revenue and expenses?

In 2024, SUMMIT CREDIT UNION reported $453.9M in total revenue and $395.4M in total expenses on its IRS Form 990.

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