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Summit Credit Union Pays $2.08 Million Dividend To Members

November 28, 2017 MADISON, Wis.— Summit Credit Union, Madison, WI, has declared a $2.08 million dividend, called Cash Boomerang, to its members. More than 51,000 Summit Credit Union members recently received announcements detailing the amount of their 2017 cash payout. The amount for each member was based on the financial success of Summit Credit Union as well as how much the member saved and borrowed with Summit between October 1, 2016, and September 30, 2017.Cash Boomerang recipients have received more than $7 million in payouts since the incentive program started four years ago. Last year, the payout was $1.9 million.“We had a really good year and we want those who do business with us to share in our success,” said Kim Sponem, CEO & President.The Cash Boomerang announcement tells members how to redeem the payout and also includes a video of Sponem congratulating members for borrowing and saving at Summit.Compared to an average Wisconsin bank, Summit Credit Union’s higher savings rates, lower loan rates and lower than average fees resulted in members saving $61 million over the last three years.Summit is the second-largest credit union in Wisconsin, with 33 branches in the greater Madison and Milwaukee region. 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