Summit Credit Union ranked top 4% nationally in financial returns to members
Madison’s largest credit union receives one of the best ratings in the nation
MADISON, WI (February 1, 2018) — Summit Credit Union was recently ranked in the top four percent among the nation’s credit unions in a report measuring returns to members. Providing an overall ranking of financial returns to members, Summit was ranked seven out of 280 total credit unions surveyed in the $1–10 billion peer group.
“We’ve always made giving back to members a top priority,” said Summit CEO & President Kim Sponem. “Being a not-for-profit organization allows us to give members better value, which in turn gives them more financial freedom in their daily lives. That’s what it’s all about.”
In addition to the overall ranking, Summit ranked nationally in two other areas. The report found that the member-owned cooperative ranks second in the nation in the Return to Borrowers category, while placing 14th in Member Service Usage. Both marks were the highest among Wisconsin credit unions.
Summit has also been named the #1 Mortgage Lender in Dane County for the past eight years.
In October, the member-owned financial cooperative broke ground on its new 152,000-square-foot, six-story headquarter campus in Cottage Grove, which is set to open in 2019.
About Summit Credit Union (WI)
stablished in 1935, Summit Credit Union is a member-owned financial cooperative. Summit holds $7.3 billion in assets and has more than 261,100 members and 920 employees across 60 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.
Summit was named to the Forbes list of America’s Best-In-State Credit Unions 2024. Summit was also recognized in 2024 for continued excellence in employee engagement as a Top Workplace USA by USA Today for the fourth consecutive year and a Top Workplace in the Madison area by the Wisconsin State Journal for the fifth year in a row. The Milwaukee Journal Sentinel named Summit a Top Workplace in Milwaukee in both 2023 and 2024. Additionally, and representative of its focus on financial education, Summit received the Governor’s Financial Literacy Award in 2010, 2014, and 2016 and the Governor’s Financial Literacy Award – Legacy in 2019.
For more information, visit summitcreditunion.com or call 608-243-5000 or 800-236-5560.
For additional media information, visit summitcreditunion.com/about-summit/press-room or follow Summit on Facebook and Instagram.
