Skip to main content

Summit Credit Union Pays $1.9 Million Dividend To Members

December 28, 2016 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 . You might also be interested in Summit Credit Union shares simple ways to spot imposter scams, recognize warning signs and protect your money and personal information... Summit Credit Union earns a 2026 Woman-Led Top Workplace award for its strong leadership, employee experience and workplace culture... Summit Credit Union invests $1 million in the Live Local Development Fund to expand attainable housing in Jefferson County... Summit Credit Union retains its ranking as Wisconsin's #1 mortgage lender, helping more members achieve homeownership... Summit and TriUnity Foundation offer grants up to $10,000 for members facing terminal or life-threatening illness... Forbes named Summit Credit Union Wisconsin’s #1 credit union and one of America’s Best-In-State Credit Unions for 2026... 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...