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Summit Credit Union Awarded on the Forbes America’s Best-in-State Credit Unions 2024

August 13, 2024 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 2024. “We are thrilled to be awarded by Forbes as one of the best credit unions in Wisconsin, especially because the recognition reflects members’ experience with our branches, digital services and financial advice,” said Summit Credit Union CEO & President Kim Sponem. “What’s most important to Summit is the confidence members have in our service and expertise. That’s what makes this recognition so exciting.” The ranking is based on two sources:
  1. An Independent Survey: Approximately 26,000 U.S. residents were surveyed online. Participants were asked to name all credit unions where they have a checking/savings account and rate the credit unions in six different subdimensions: Trust, Terms & Conditions, Branch Services, Digital Services, Customer Services, and Financial Advice.
  2. Publicly Available Reviews: For each credit union in each state, a sentiment analysis approach of publicly available online text reviews and ratings was applied.
In each state, credit unions with the highest combined score from the analysis of survey results and publicly available reviews are awarded. The survey score was rated 80% and publicly available reviews 20%. This prestigious award is presented by Forbes and Statista Inc., a statistics portal and industry ranking provider. The awards list can be viewed on the Forbes website*. *As with all Forbes lists, companies pay no fee to participate or be selected. About Statista Inc. Statista publishes hundreds of worldwide industry rankings and company listings with high-profile media partners. This research and analysis service is based on the success of statista.com, the leading data and business intelligence portal that provides statistics, relevant business data, and various market and consumer studies and surveys. About Summit Credit UnionEstablished in 1935, Summit Credit Union is a member-owned financial cooperative. Summit holds $7.3 billion in assets and has more than 261,100 members and 920 employees across 60 locations throughout Wisconsin. Since 2002, Kim Sponem has been CEO & President of Summit Credit Union, formerly known as CUNA Credit Union/Great Wisconsin Credit Union. Summit was named to Forbes list of America’s Best-In-State Credit Unions 2024. Summit was also recognized in 2024 for continued excellence in employee engagement as a Top Workplace USA by USA Today for the fourth consecutive year and a Top Workplace in the Madison area by the Wisconsin State Journal the fifth year in a row. The Milwaukee Journal Sentinel named Summit a Top Workplace in Milwaukee in both 2023 and 2024. Additionally, and representative of its focus on financial education, Summit received the Governor’s Financial Literacy Award in 2010, 2014, and 2016 and the Governor’s Financial Literacy Award – Legacy in 2019. You might also be interested in 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... Summit welcomed thousands of members and their families to Warner Park for its annual Summit Fest, blending its official Annual Meeting of the Membership... Summit Credit Union names Mike McCoy Chief Commercial Officer to advance commercial banking and support Wisconsin businesses... With $87 million in member benefits, Summit Credit Union remains the nation’s #1 credit union for Return of the Member... Summit Credit Union partners with LOVB Madison Volleyball to empower women athletes and advance equity in sports and finance... Kim Sponem calls for equitable pay practices, warning that lifetime pay gaps leave women at greater risk of retirement insecurity... Summit Credit Union earns the #1 national Return of the Member ranking again, highlighting its strong member value and financial impact... Family boosts savings by $7.3K and cuts $36.5K debt to win Summit Credit Union’s Project Money Season 17 and its $10K prize...