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Summit Credit Union To Build Full-service Branch On Monona Drive

June 20, 2017 Monona location will be the $2.7 billion credit union’s 34th officeMADISON, Wis.****— Summit Credit Union is expanding into Monona with construction starting in July on their newest full-service branch located at 5809 Monona Drive, next to Silver Eagle Bar & Grill. The former La Bamba restaurant is being torn down to make room for the 3,700-square-foot branch, which includes four drive-up lanes and 19 parking spaces. The branch, to open in mid-December with a grand opening celebration in January, will employ seven people including a mortgage loan officer.The new building will be located near the street with parking toward the back. The drive-up canopy will be linked to the rest of the building in both design and materials. The Monona branch will provide a contemporary addition to the look and feel of Monona Drive, which has undergone many positive changes in the last few years.Kim Sponem, CEO & president of Summit Credit Union, said a presence on Monona Drive makes the credit union more convenient for existing Monona members. “We look forward to bringing our cooperative business model to Monona, so even more people in the community can benefit from the savings we bring through better rates, lower fees and a whole host of financial education and wellness tools.”The Monona location brings the total to 34 branches for Wisconsin’s second largest credit union. In addition, Summit Credit Union plans to begin construction in 2017 on a new corporate headquarters and campus in Cottage Grove. You might also be interested in Summit Credit Union named Top Workplace in Madison, Milwaukee, and U.S., recognized for strong culture, engagement, and employee benefits... Summit Credit Union helps Wisconsin families achieve homeownership with up to $10K in down payment assistance... Summit Credit Union’s President and CEO Kim Sponem was recently featured on the Women of Community Banking podcast... Summit welcomed thousands of members and their families to Warner Park for its annual Summit Fest, blending its official Annual Meeting of the Membership... Summit Credit Union names Mike McCoy Chief Commercial Officer to advance commercial banking and support Wisconsin businesses... With $87 million in member benefits, Summit Credit Union remains the nation’s #1 credit union for Return of the Member... Summit Credit Union partners with LOVB Madison Volleyball to empower women athletes and advance equity in sports and finance... Kim Sponem calls for equitable pay practices, warning that lifetime pay gaps leave women at greater risk of retirement insecurity... Summit Credit Union earns the #1 national Return of the Member ranking again, highlighting its strong member value and financial impact...