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Summit Credit Union Invests In Dane County Workforce Housing Initiative

November 17, 2020 Dane Workforce Housing Fund will create, sustain affordable workforce housing countywideMADISON, Wis.— Summit Credit Union, a member-owned financial cooperative, has announced an investment to support the Dane Workforce Housing Fund. The Fund, established and managed by Madison Development Corporation, is intended to address Dane County’s workforce housing crisis by developing and sustaining affordable units throughout the county.Summit committed an investment of $1 million to aid in development of the project. Initially launched with a goal of $10 million in community investment, the fund has raised $11.8 million in total thus far. Without this investment support, the affordable workforce housing units would not be able to be created.“At Summit, we’re committed to playing an active role in supporting our communities,” said Summit Credit Union President & CEO Kim Sponem. “This project will help uplift the hardworking residents, families and businesses of Dane County, and we’re proud to invest in improving our collective future.”In the initiative, the Economic Stability Council (ESC) and the Dane Workforce Housing Fund aim to create 500 new affordable housing units in Dane County over the next three years, while keeping the units affordable for at least 15 years. By securing community funding, the first project of the initiative will kick off with construction of Wisconsin Housing Preservation Corporation’s 39-unit building in Middleton.The campaign’s second phase of funding is expected to begin in late 2021 or early 2022, allowing for the continued investment of projects into 2023 and beyond.Summit has 45 locations across south-central and southeastern Wisconsin and is the second-largest credit union in the state. For more information about Summit’s commitment to being an active part of its communities, visit . You might also be interested in COTTAGE GROVE, WI – Summit Credit Union, headquartered in the Village of Cottage Grove, has pledged a $100,000 grant to “The Next Chapter” Library Capital... Madison, Wisc. – Summit Credit Union, a member-owned financial cooperative, announced today that it is recognized, for the second consecutive year, as... SCOTTSDALE, Ariz., Dec. 31, 2024 /PRNewswire/ -- , a leading management and technology consultancy for banks, credit unions and fintech firms, has announced... Madison, Wisc. - StartingBlock Madison, the city's premier hub for startups and innovation, is proud to announce a continuing partnership with Summit Credit... Madison, Wisc. – Summit Credit Union, a member-owned financial cooperative, hosted its annual ShredFest on September 28. Held in partnership with the Better... Madison, Wisc. – Summit Credit Union, a member-owned financial cooperative, has been awarded on the Forbes list of America’s Best-In-State Credit Unions... Madison, Wisc. – Summit Credit Union, a member-owned financial cooperative, is again the top mortgage lender in the state of Wisconsin, according to data... MADISON, WIS. — May 28, 2024 – Since its announcement in 2020, The Center for Black Excellence and Culture (The Center) has encouraged Madison’s Black... MADISON, Wis. — Hannah Echols of Milwaukee, has just been revealed as the winner of Summit Credit Union’s Project Money Season 15. Along with three other...
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* The Wisconsin's #1 Mortgage Lender designation is based on the number of loans in 2023, gathered from the Home Mortgage Disclosure Act data compiled annually by the Consumer Financial Protection Bureau. The results of the data were obtained through the LEI: 254900NTAC4H10MGSU23 ** SBA Lender of the Year Award for Credit Unions as awarded by the Small Business Administration of Wisconsin in 2024. Copyright 2025 © Summit Credit Union. All rights reserved. If you are using a screen reader and are having problems using this website, please call 608-243-5000 for assistance. Insured by NCUA