1935: Our credit union was established by the credit union movement as CUNA Credit Union with an open field of membership and was chartered by the WI banking commissioner. From day one we have had a location in the CUNA complex. Our second member was Roy Bergenren, one of the founders of the credit union movement.1938: $19,321 in share deposits and 163 members1944: Over half of loans are from outside Madison, many for employees of credit unions (if you worked at a credit union, you could not borrow there)1965: Assets $8.3 million, and more than 14,000 members. Opened a new office at 2158 Atwood Avenue, and continued branch in CUNA complex.1980: shared draft/checking accounts are introduced1981-1994: Credit Union run by Ray Swanson1984: Opened 3rd branch and new home office with first drive up on Yellowstone Dr.1988: Mortgages and Quick Teller – 24-hour voice response were introduced1990: $67.6 million in assets. 26,473 members1994: Quick Loan introduced – automated way to apply for a loan on the phone1994-1995: Credit Union run by Craig Esreal1995: Website is introduced1995-2002: Credit Union run by Mary Cunningham1996: Contact center made available to members1996: Internet banking made available to members1998: Loans available through the contact center2001: First small business loan is made, first bilingual ATM, Spanish membership applications, opened 4th branch – Fitchburg, with personal video tellers2001: Celebrated $200 million in assets2002-Present: Credit Union run by Kim Sponem2002: The first credit union in Waunakee2004: $300+ million in assets2005: Founded STAR Credit Union for kids in Boys & Girls Club of Dane County2005: Changed name of CUNA Credit Union to Great Wisconsin Credit Union2006: Online check reordering introduced2006: Built a new home office on Rimrock Road.2007: $400 million in assets2008: Merged with the former Summit Credit Union (Formerly State Capitol Employees Credit Union) in the largest credit union merger in Wisconsin history. Members voted to change our name to Summit Credit Union. Co-led by Kim Sponem & Andy Faust during 2-year transition.2009: Project Money started2010: Mobile banking made available to members2011: Opened first high school branch at La Follette. Then: Memorial (2013); East (2016)2012: Turned Fitchburg into an inspiration branch2013: 1st Summit Fest Annual Meeting and Obstacle Races.2013: Project Teen Money started2014: $2 billion+ in assets, 142,880 members, 28 locations. Note: 24 full-service plus 2 high schools, 2 home loan offices & the post office2014: Paid out first Cash Boomerang of $1.48 million2018: Reached $3 billion in assets, 175,000 members, 37 locations2019: Moved into new home office in Cottage Grove2020: Reached $4 billion in assets, 200,000 members and 45 locations2021: Introduced Zelle for person to person-to-person money transfers 2021: Our largest donation in our history and the first corporate donation to the Center for Excellence and Culture in south Madison2022: Reached $6 billion in assets, 234,000 members, 50+ locations2022: Completed Wisconsin's largest acquisition of a bank by a credit union2023: Introduced Equity in Money
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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