Your Money Is Safe At Summit

Financial Safety and Security at Summit

Seven Reasons to Feel Good About Banking with Summit 

• Federal Protection – Your deposits are federally insured by NCUA to at least $250,000 per individual with another $250,000 allowed for IRAs. You can secure coverage above $250,000 depending on your account ownership structure. to maximize your insurance coverage.  
• Stable Investments and a Strong Financial Foundation – Unlike many big banks, Summit has low exposure to uninsured deposits or bond investments and keeps a conservative approach to investment management. View our Income and Financial Condition statements anytime in our .  
• Access to Funds when Needed –Summit holds a significant amount of funds invested in low-risk assets, which are available for us to withdraw immediately if needed. We also have lines of credit available from several sources if we should ever need additional funds. 
• 5-Star Rating – Summit consistently earns the superior 5-star rating from industry analyst,   
• Strong Capital – The NCUA considers a credit union to be well capitalized with a net worth of at least 7% of assets. Summit’s net worth is well above this threshold. 
• Positive Earnings – We are healthy because we consistently generate net income to build our capital. Summit Credit Union has been healthy even in times of economic stress such as 2008-2009 and 2020.
• We’re Local: We serve local people and businesses right here in Wisconsin.