Kim Sponem named to Advisory Council at Chicago Federal Reserve System
MADISON, WI (March 6, 2015) — Kim Sponem, CEO of Summit Credit Union, headquartered in Madison, WI, has been appointed to a three year term on an advisory council that reports to the Chicago Federal Reserve System. Sponem will represent the credit union industry on The Community Depository Institutions Advisory Council. The council offers input and promotes communication between the Chicago Fed and representatives from community depository institutions, including credit unions, thrifts and banks, in Iowa, and most of Illinois, Indiana, Michigan and Wisconsin.
Sponem will meet with other council members twice a year to provide views on current business and financial conditions to the president and other senior officials of the Chicago Fed. Their contributions help the Federal Reserve System formulate national monetary policies.
About Summit Credit Union
Established in 1935, Summit Credit Union is a member-owned financial cooperative open to anyone in Wisconsin. Summit holds $2.1 billion in assets and has more than 142,000 members with 30 locations throughout the Madison and Milwaukee areas. For more information, visit www.summitcreditunion.com or call 608-243-5000 or 1-800-236-5560.