Summit Credit Union shares success with multi-million dollar patronage dividend to members
MADISON, WI (November 15, 2018) — Summit Credit Union has announced a $2.3 million patronage dividend, as a part of its Cash Boomerang program. More than 55,000 Summit members recently received announcements detailing the amount of their 2018 payout. The amount received per individual was determined by the financial success of Summit Credit Union, along with the member’s saving and borrowing activity between Oct. 1, 2017, and Sept. 30, 2018.
With this year’s total, Summit has paid out more than $9 million in payouts since the incentive program began five years ago. In 2017, the payout was $2.08 million.
“We had another successful year in 2018, largely due to the consumers who bank with us, and we’re proud to reward them this year through Cash Boomerang,” said Summit Credit Union CEO & President Kim Sponem.
With 36 branches in the greater Madison and Milwaukee areas, Summit is set to open a new 152,000-square-foot headquarters in Cottage Grove. For more information about Cash Boomerang, visit SummitCreditUnion.com/cashboomerang.
About Summit Credit Union (WI)
Established in 1935, Summit Credit Union is a member-owned financial cooperative. Summit holds $5 billion in assets and has more than 226,000 members and 799 employees across 49 locations throughout south-central and southeastern Wisconsin. Kim Sponem has been CEO & President of Summit Credit Union, and its predecessor organization, CUNA Credit Union/Great Wisconsin Credit Union, since 2002. Recognized for its excellence in employee engagement, Summit was named a Top Workplace in the USA in 2021 and 2022 by Top Workplaces USA and a Top Workplace in the Madison area for 2022 and 2021 by the Wisconsin State Journal.
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, Instagram and Twitter