Win a $5000 Backyard Makeover

Does your water feature consist of a leaky hose? Do weeds outnumber glorious blossoms? Is a rusty three-legged grill the focal point of your outdoor kitchen? Or maybe you’re in an apartment with no backyard — that little concrete slab is not exactly a private garden.

Sounds like your view out the back door could use an intervention. And this spring, Summit Credit Union wants to help you make it happen. When you get a new home loan or home equity loan (at historically low rates!) between March 15 and June 30 — you’ll be automatically entered to win a backyard spending spree* of $5,000!

Plus, we'll service your mortgage locally for the life of your loan. Talk to one of our lenders today to find out how you can improve your view!

Stop by a branch or click here to apply today!

*Winner will receive $5,000 cash.

Featured HELOC Rates

Home Equity Line of Credit — Up to 80% LTV (Variable/Fixed)

Type and Term APR (as low as)2 VPR (as low as)4 Monthly Payment Alert Me
6-month fixed intro rate1 1.99% Minimum $50 or 1.25% of the principal balance as of the time of the draw, whichever is greater
Variable, revolving 4.00% Prime - 0.50% Minimum $50 or 1.25% of the principal balance as of the time of the draw, whichever is greater
Fixed, up to 60 months3 3.99% $18.41
Fixed, 61 to 120 months 4.99% $10.60
Fixed, 121 to 180 months 5.99% $8.43
Closing costs range from $215 to $305, unless an appraisal is required. Appraisal, if required, is an additional charge of typically $385 to $470. Property insurance is required.
  • 1After the six-month introductory period the rate will revert to the floor rate of 4.00% or the Prime Rate as published in the Wall Street Journal plus or minus a margin whichever is higher. Your actual rate will be based upon your credit worthiness and loan-to-value. As of February 17, 2014 the variable rate without the discount would be 4.00% APR (floor). The APR will not vary above 15% APR nor below 4.00% APR. Prime rate as of 2/15/14 is 3.25%. Offer only applies to new Home Equity Lines of Credit opened on or after 2/17/14. Existing Home Equity Lines of Credit are not eligible for the introductory rate.
  • 2APR is Annual Percentage Rate. Your rate may vary based on your creditworthiness, loan-to-value ratio and repayment option.
  • 3Lock-in feature allows up to five fixed-rate amounts at any one time. Monthly payment for fixed-rate is based on payment per $1,000 for term and rate shown above. First rate lock is free; $35.00 for each additional. Minimum fixed-rate loan amount is $5,000.
  • 4VPR is Variable Periodic Rate. VPR is subject to change monthly. Your rate may vary based on your creditworthiness, loan to value ratio and repayment option. The maximum APR is 15.00%, the minimum APR is 4.00%. Minimum line of credit amount is $5,000. If a balance remains on the line of credit at the maturity of the 30 year mortgage, a balloon payment may result. The Prime Rate as of January 25, 2014 was 3.25%.
 


Home Equity Line of Credit — Up to 90% LTV (Variable/Fixed)

Type and Term APR (as low as)2 VPR (as low as)4 Monthly Payment Alert Me
6-month fixed intro rate1 1.99% Minimum $50 or 1.25% of the principal balance as of the time of the draw, whichever is greater
Variable, revolving 4.00% Prime Minimum $50 or 1.25% of the principal balance as of the time of the draw, whichever is greater
Fixed, up to 60 months3 4.99% $18.87
Fixed, 61 to 120 months 5.99% $11.10
Fixed, 121 to 180 months 6.99% $9.00
Closing costs range from $215 to $305, unless an appraisal is required. Appraisal, if required, is an additional charge of typically $385 to $470. Property insurance is required.
  • 1After the six-month introductory period the rate will revert to the floor rate of 4.00% or the Prime Rate as published in the Wall Street Journal plus or minus a margin whichever is higher. Your actual rate will be based upon your credit worthiness and loan-to-value. As of February 17, 2014 the variable rate without the discount would be 4.00% APR (floor). The APR will not vary above 15% APR nor below 4.00% APR. Prime rate as of 2/15/14 is 3.25%. Offer only applies to new Home Equity Lines of Credit opened on or after 2/17/14. Existing Home Equity Lines of Credit are not eligible for the introductory rate.
  • 2APR is Annual Percentage Rate. Your rate may vary based on your creditworthiness, loan-to-value ratio and repayment option.
  • 3Lock-in feature allows up to five fixed-rate amounts at any one time. Monthly payment for fixed-rate is based on payment per $1,000 for term and rate shown above. First rate lock is free; $35.00 for each additional. Minimum fixed-rate loan amount is $5,000.
  • 4VPR is Variable Periodic Rate. VPR is subject to change monthly. Your rate may vary based on your creditworthiness, loan to value ratio and repayment option. The maximum APR is 15.00%, the minimum APR is 4.00%. Minimum line of credit amount is $5,000. If a balance remains on the line of credit at the maturity of the 30 year mortgage, a balloon payment may result. The Prime Rate as of January 25, 2014 was 3.25%.
 

Backyard Makeover Promotion Official Rules

These are the Official Rules for Summit Credit Union’s (“SCU”) Backyard Makeover Promotion (“Promotion”).

NO PURCHASE, ACCOUNT OPENING OR LOAN IS NECESSARY TO ENTER OR WIN. MAKING A PURCHASE, OPENING AN ACCOUNT OR OBTAINING A LOAN WITH SCU WILL NOT INCREASE YOUR ODDS OF WINNING. PROMOTION IS VOID WHERE PROHIBITED BY LAW.

  1. Terms and Conditions: By entering the Promotion, you fully and unconditionally agree to abide by and accept these Official Rules. Failure to comply with these Official Rules may result in your disqualification from the Promotion.
  2. Eligibility: The Promotion is open only to legal residents of the United States, who, at the time of entering the Promotion are eighteen years of age or older. All entrants must be natural persons. No entries from business entities accepted. Employees of SCU, its affiliates, subsidiaries, advertising or promotional agencies, and their immediate family members and/or those living in same household are not eligible to enter the Promotion. Immediate family includes spouse, parents, siblings, children, stepparents, stepchildren, grandparents and grandchildren. THIS PROMOTION IS VOID IN RHODE ISLAND, FLORIDA, NEW YORK AND WHERE PROHIBITED BY LAW, RULE, REGULATION OR ORDINANCE.
  3. Promotion Period. The Promotion begins on March 15, 2012 at 12:00 am Central Standard Time (CST) and ends on June 30, 2012 at 12:59 p.m. CST (the “Promotion Period”). Only one entry per person is allowed.
  4. How to Enter – No Purchase Necessary to Enter or Win. There are Two Methods of Entry: During the Promotion period, you may enter by:

    Automatic Entry.
    You will automatically receive one Promotion entry when you apply for and are approved for a First Mortgage, Home Equity Line of Credit or Home Equity Loan at (SCU) during the Promotion Period and that loan or account is disbursed to you by SCU on or before July 21, 2012. The automatic Promotion entry will be submitted in the name of the primary account holder.

    Branch Entry.
    You will receive one Promotion entry when you complete a 3 x 5 index card with your complete name, age, address, phone number and email address at any Summit Credit Union branch.
  5. Prize: One winner will be selected by random drawing held on or about July 25, 2012 from all eligible entries received. The odds of winning depend upon the number of entries received. The winner will be notified no later than July 26, 2012, via telephone. If the winner does not respond by August 8, 2012, another winner will be drawn. The winner will receive $5,000 cash.
  6. Taxes. The prize is considered taxable income, and winner will be solely responsible for all federal, state, and local taxes. Winner will receive an IRS 1099 form reflecting the amount they receive as a prize.
  7. Publicity: Acceptance of the prize constitutes consent for SCU to use your name and likeness for editorial, advertising and publicity purposes without additional compensation, except where prohibited by law. By participating in this Promotion, all entrants further consent to SCU’s use of the personal information provided so that SCU may administer the promotion and award the prize. For more information regarding SCU’s Privacy Policy, please visit summitcreditunion.com.
  8. Other Requirements. The winner may, at SCU’s discretion, be required to sign and return a declaration of eligibility, additional release of liability, and, where lawful, an additional publicity consent agreement. If a selected winner cannot be contacted, is ineligible, fails to claim a prize, or fails to return the completed and executed declaration and releases as required, the prize will be forfeited and awarded to an alternate winner.
  9. RELEASE AND HOLD HARMLESS. BY ENTERING THIS PROMOTION, YOU AGREE TO RELEASE AND HOLD HARMLESS SCU, ITS PARENTS, SUBSIDIARIES AND AFFILIATED ENTITIES, AND EACH OF THEIR DIRECTORS, OFFICERS, EMPLOYEES, ATTORNEYS, AGENTS, AND REPRESENTATIVES FROM ANY DAMAGE, INJURY, EXPENSE, COST, DEATH, LOSS, CLAIM, ACTION, DEMAND, OR OTHER LIABILITY THAT MAY ARISE IN CONNECTION WITH THE PROMOTION, OR RESULTING FROM ACCEPTANCE AND/OR USE OF ANY PRIZE, TRAVEL TO OR FROM ANY PRIZE-RELATED ACTIVITY, PARTICIPATION IN THIS PROMOTION, AND FROM ANY MISUSE OR MALFUNCTION OF ANY PRIZE AWARDED, INCLUDING, WITHOUT LIMITATION, PERSONAL INJURY, DEATH, AND/OR PROPERTY DAMAGE.
  10. Disqualification. SCU reserves the right to disqualify any person tampering with the entry process or is otherwise in violation of these Official Rules or any laws.
  11. Applicable Law. Any dispute arising from this Promotion will be determined according to the laws of the State of Wisconsin, without reference to its conflict of laws principles, and by entering the Promotion, you fully consent to the personal jurisdiction of the State and Federal Courts located in Dane County, Wisconsin and agree that such courts shall have exclusive jurisdiction over all such disputes.
  12. Winner Information. For the name of the prize winner, send a separate, stamped, self-addressed envelope with a written request for information on the winner of this contest to: Summit Credit Union, PO Box 8046, Madison, WI 53708-8046.

For more information, call (800)236-5560 or write us at:
Summit Credit Union
PO Box 8046, Madison, WI 53708-8046