Summit Credit Union Pays $1.9 Million Dividend to Members
MADISON, Wis.—Summit Credit Union has declared a $1.9 million dividend to more than 46,000 of their members. Individual member cash payouts were based on the financial success of the credit union as well as how much the member saved and borrowed between Oct. 1, 2015, and Sept. 30, 2016.
“Our members find Summit Credit Union a great place to borrow and save. Summit has saved its members, collectively, over $23 million across 12 months over an average Wisconsin bank and, as part of that, issued a member dividend called Cash Boomerang,” said Kim Sponem, CEO and president. “We want our members to share in our success.”
Summit, the second largest credit union in Wisconsin with 34 branches in the greater Madison and Milwaukee region, has paid members more than $5 million in Cash Boomerang since the first payout in 2014.
For more information about Cash Boomerang, visit SummitCreditUnion.com/cashboomerang.