Summit Credit Union joins global banking network
Values-based banking supports people, planet and prosperity as shared purpose
MADISON, WI (June 14, 2023) — Summit Credit Union announces it has joined the prestigious Global Alliance for Banking on Values organization, an international network of financial services leaders dedicated to global values-based banking.
Founded after the 2008 financial downturn, the 70-member alliance provides a collaborative network for bank leaders in 45 countries looking for strong bottom lines while also addressing climate issues, racial justice, and economic equality.
GABV’s mission supports its belief that banks are not simply intermediaries of money but rather critical agents of change. It points to research that values-based banking also delivers better and more stable returns for the industry.
“Summit is a values-based organization and the GABV mission is an excellent fit for us in moving financial and environmental sustainability forward. We look forward to contributing to the global community of values-based banking for the good of our members and our community,” said Kim Sponem, Summit Credit Union’s CEO and President.
The invitation-only GABV annual meeting in New York City entitled “Banking on a Bolder Future” highlighted the impact that values-based banks have played and the growing importance of mission-aligned institutions in the banking space and beyond.
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.
