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Summit Ranked #1 in the U.S. for Value We Return to Members

September 25, 2024 We are thrilled to announce that Summit Credit Union gives more back to its members in total value than any other credit union in our asset group in the country, according to leading credit union data company Callahan & Associates. That means that out of 428 credit unions, we ranked #1 in Return to Member.

Callahan measures this return to member every quarter, and Summit Credit Union is typically in the top 5. For the first and second quarters of 2024, we took the top spot. This is important because while we need to create profit to ensure safety and soundness, our members continue to benefit from our higher deposit rates and lower loan rates. It also measures how much our members use our products and services, and we’re proud to say that our members find significant value in what we offer as well.

Whether saving, borrowing or using other services, you come out ahead at Summit!
Summit was not only #1 overall, but also ranked higher in quarter one of 2024 than any Wisconsin credit union in the peer group in all three individual categories: Members’ borrowing, saving and other service usage, including fees. In quarter two of 2024, Summit remained #1 for borrowing and service usage and came in a remarkably close second for saving.We also have our , a patronage dividend that the Board determines each year after ensuring we have built our reserves for continued strength. We are a cooperative, so members’ utilization of our products and services is important. The more members do business with Summit, the more they get back as a Cash Boomerang.

As a financial institution, we can’t responsibly offer the lowest loan rate and highest deposit rates and lowest fees in every category. On balance, our members get a much better deal than at other financial institutions.

We celebrate that Wisconsin credit unions continue to perform well in the country, with 3 credit unions in the top 10 and 8 in the top 100. We think that’s great news for the citizens of our state who benefit from the . Team Summit is proud to see our care and dedication on behalf of members reflected in these great results!

You’ll find our members, online and in person, sharing stories of the value they find doing business with Summit Credit Union, and we appreciate those stories so much. An unbiased and data-driven source of information may also be helpful to confirm your decision to do business (or more business) with Summit. We’re excited to say we have that, too! You might also be interested in As published by in April 2025. Madison, Wis – As we launch into our 2025 Community Campaign, we’re excited to announce Kim Sponem as this year’s Campaign... Madison, Wis – Summit Credit Union, a member-owned financial cooperative and the #1 SBA Lender among Credit Unions in Wisconsin*, is proud to announce... As published by on October 28, 2024. COTTAGE GROVE, Wis. (WMTV) - At Summit Credit Union in Cottage Grove, the “Equity in Money” initiative works to increase... As published by CU Insight on November 4, 2024. The Wisconsin Credit Union Foundation’s Board of Directors has announced ten inaugural inductees to Legends... Kim Sponem is the President and CEO of Summit Credit Union. She brings more than 30 years of experience in the financial sector and is a strong advocate... We are thrilled to announce that Summit Credit Union gives more back to its members in total value than any other credit union in our asset group in the... As published in the September/October 2024 issue of BRAVA Magazine. As Summit Credit Union just marked the 15-year anniversary of its groundbreaking financial... MADISON, Wis. - The Dane County Sheriff’s Office announced on Friday that it will be offering a financial literacy program in the Dane County Jail. The... BRAVA asked Summit Credit Union’s financial experts what strategies they recommend to create more financial security, not just for today’s needs but also...
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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