Record attendance at Summit Fest – Summit Credit Union’s annual meeting
Wisconsin Cooperative celebrates members and announces big wins at annual meeting and member picnic
MADISON, WI (May 23, 2023) — Summit Credit Union again held a novel annual membership meeting and family event called Summit Fest, welcoming 3505 members on Sunday, May 22. This is the largest attendance recorded for Summit’s annual member appreciation event. Members and their families took part in kids’ obstacle races, enjoyed yard games, and spent a fun time together eating a Wisconsin summer cookout.
“We grow when we add value to our members and this annual event is an opportunity to both celebrate our achievements and show our members how much we appreciate them,” said Summit Credit Union CEO & President Kim Sponem. “This year, we have seen a large growth in assets, the largest acquisition of a bank by a credit union in US history, and we are in the Top Workplaces for Madison, Milwaukee and the USA. There’s a lot for our employees and our members to celebrate.”
The celebration offered a short business meeting and family-friendly entertainment at the local baseball stadium, The Duck Pond, Mallard’s Stadium at Warner Park, Madison. Attractions at Summit Fest also included a diaper dash for toddlers, free mini cupcakes with the chance to win $10 to pay-it-forward, and the return of an employee-led cover band playing songs by an array of artists from The Blues Brothers to Taylor Swift to Queen.
Annual board meeting
During the board meeting, Summit Credit Union’s 2022 successes were noted and included the following:
- The acquisition of Commerce State Bank. This is the largest acquisition of a bank by a credit union in US history. With this acquisition we welcomed 71 employees, more than 5,700 new members and added four locations — West Bend, Elm Grove, Sheboygan, and Cedarburg.
- Summit Credit Union saw a 29 percent growth in assets to more than $6.4 billion.
- More than 43,000 new loans were secured for cars, homes, vacations, and other members’ goals.
- Kiplinger and Investopedia reported Summit Credit Union’s 3-year certificate rate among the top in the nation.
- Summit Credit Union was named a Top Workplace in Madison, Milwaukee, and the USA.
About Summit Credit Union (WI)
Established in 1935, Summit Credit Union is a member-owned financial cooperative. Summit holds $6.8 billion in assets and has more than 252,000 members and 967 employees across 57 locations throughout Wisconsin. Since 2002, Kim Sponem has been CEO & President of Summit Credit Union, formerly known as CUNA Credit Union/Great Wisconsin Credit Union.
Recognized for its excellence in employee engagement, in 2021, 2022 and 2023 Summit was named both a Top Workplace in the USA by Top Workplaces USA and a Top Workplace in the Madison area by the Wisconsin State Journal. In 2023 it has added a Top Workplace award in Milwaukee by the Milwaukee Journal Sentinel.
For more information, visit www.summitcreditunion.com or call 608-243-5000 or 800-236-5560.
For additional media information, visit https://www.summitcreditunion.com/about-summit/press-room or follow Summit on Facebook and Instagram.
