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Summit Credit Union Opens Full-service Branch On Monona Drive

December 14, 2017 MADISON, Wis.— Summit Credit Union’s full-service branch in a contemporary-style new building at 5809 Monona Drive opened on December 13. The 3,700-square-foot branch, which includes four drive-up lanes and 19 parking spaces, is next to the Silver Eagle Bar and Grill. Lobby Hours are 8:30 am–5 pm Mon–Thur; 8:30 am–6 pm Fri and 9 am–12 pm on Sat. Drive-up lanes are open from 7:30 am–6 pm Mon–Fri and 8:30 am–1 pm Sat. A grand opening celebration is planned January 15-31. Heidi Segerson previously at Summit’s Westport branch has been named manager. The staff of seven includes mortgage loan officer and Summit Financial Advisor. Kim Sponem, CEO & President of Summit Credit Union, said the credit union is looking forward to opening the highly visible location to be more convenient. “We’re excited about being a part of the Monona community with our full service branch.” said Sponem. “On average, Summit members save an average of nearly $300 per household versus using a typical Wisconsin bank, so we look forward to bring that savings to even more Monona residents.” Average member household savings data is based on a Customized Analysis of Member Benefits conducted by the CUNA Economics and Statistics Department for Summit Credit Union for the twelve month period ending December 31, 2016. The Monona location brings the total to 34 branches for Wisconsin’s second largest credit union with $2.8 billion in assets. Summit Credit Union also recently broke ground for a six-story, 152,000 square foot corporate headquarters and campus in Cottage Grove, which will also include a full service branch, expected to open in spring, 2019. You might also be interested in 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 contestant teams, Hannah spent the past seven months working with a Summit Credit Union financial advisor to take steps to meet her financial goals. MADISON, Wis – Jody Brown, a Financial Professional with Summit Financial Advisors, located at Summit Credit Union, has been named one of the “Women of Distinction” – a recognition that honors female financial representatives for superior performance and extraordinary efforts in promoting financial security. MADISON, Wis – The U.S. Small Business Administration (SBA) has named Summit Credit Union a 2023 leading small business lender in two different categories. Specifically, Summit received two awards for FY 2023; the most 7(a) loans by a credit union in Wisconsin and the greatest lender participation with 504 loans in Wisconsin. The credit union loaned more than $23,000,000 between these two SBA vehicles. Newsweek Magazine rankings based on member feedback and institution’s financial health MADISON, Wis – Newsweek Magazine’s 2024 list of America’s Best Regional Banks and Credit Unions included Madison-based Summit Credit Union as one of the top 250 credit unions. The rankings were based on a mix of consumer/member input and financial performance and stability factors. MADISON, Wis. – Summit Credit Union, a member owned financial cooperative, and StartingBlock, Madison’s startup hub, welcome seven women entrepreneurs into the 2023 cohort of the Summit Credit Union Fellowship for Women Entrepreneurs. This is an initiative designed to support, empower, and catalyze the growth of women entrepreneurs in the region. Summit giving back $2.66 million to members in 10th year of annual member giveback bringing total money provided to eligible members to $22.3 million. MADISON, Wisconsin — Summit Credit Union announced an annual patronage dividend, called Cash Boomerang, of $2.66 million to its members. The giveback is based on the cooperative’s financial success and on a member’s use of Summit’s checking, savings, borrowing services, as well as their length of membership. MADISON, Wis -- Summit Credit Union has provided its full 2023 allotment of $700,000 in grants from the Federal Home Loan Bank of Chicago to eligible homebuyers, supporting their down payments, closing costs, or pre-paid expenses. MADISON, Wis. — Summit Credit Union, a member-owned financial cooperative, is the top mortgage lender in the state of Wisconsin this year, according to data collected under the Home Mortgage Disclosure Act (HMDA). Based on 2022 HMDA (Home Mortgage Disclosure Act) data, released at the end of June 2023, Summit provides more mortgages than any other mortgage lender in Wisconsin. Credit Union consumers took part in the Forbes and Statista survey and ranked credit unions on trust, terms & conditions, branch services, digital services, customer services and financial advice. 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Any transactions that you enter into with a vendor, merchant or other party that you access through this third-party site are solely between you and that vendor, merchant or other party. The Credit Union does not endorse the content contained in this third-party site, nor the organization publishing the site, and hereby disclaims any responsibility for such content. The Credit Union Privacy Policy does not apply to this third-party site, and for further information you should consult the privacy disclosures of the third-party site. NCUA Insurance Estimator Privacy, Security & Accessibility Rates, Fees, Terms & Disclosures Routing Number *  The Wisconsin's #1 Mortgage Lender designation is based on the number of loans in 2022, 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 2023. Copyright 2024 © 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