Summit Credit Union

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A short history of Summit CU

Since its inception in 1935 the Summit Credit Union has been serving its members in the Madison, Wisconsin area with exceptional financial products. You can find their current interest rates on used car loans, new car loans, 1st mortgage loans and interest rates on both fixed and adjustable mortgages here on these pages. Currently led by Kim Sponem, the Summit CU has grown its membership to over 167,060 with assets of more than $2,825,723,031. They have a main office and 33 branch offices. Please see the credit unions website or contact them by phone at (608) 243-5000 or email them at to get exact details . There are many other credit unions in the local area. See them all here. Credit Unions in Madison, WI.

General Information For Summit CU was taken from their 6/30/2017 quarterly report, which is the most current available public information.

Charter Number 67190
Address PO Box 8046 
City Madison 
State Wisconsin 
Zip-Code 53708
Phone Number (608) 243-5000
Fax Number (608) 243-5030
Email Address:
CEO/President Kim Sponem
Members 167,060 
Full-Time Employees 477 
Part-Time Employees 45 
Number of Branch Offices 33 
Total Assets 2,825,723,031 

Compare Summit Credit Union To Other Local Credit Unions

Credit Union Name
Branch Name
Zip Code
Phone Number
ATM Access
Distance (Miles)
Madison Fire Department CU Monroe Street Office 1437 Monroe St 53711 (608) 266-4952 No 0.58
St. Mary's & Affiliates CU St. Mary's - Janesville 3400 E Racine St 53715 (608) 373-8151 No 0.95
M. G. & E. CU MG&E Credit Union 601 E Main St 53708 (608) 255-1773 No 1.26
Madison CU Madison Credit Union 949 E Washington Ave 53703 (608) 266-4750 No 1.60
Star CU MAIN OFFICE 2001 TAFT ST 53713 (608) 257-2606 No 2.09

Summit Credit Union Financial Performance Charts

Performance Charts

Website Image

Financial Data

Summit Credit Union Lowest Loan Rates With State and USA Rankings

Unsecured Credit Card New Car Loans Used Car Loans 1st Mortgage Loans Other Real Estate
Rate 9.90 2.95 2.99 3.74 3.74
Mean Rate For All USA Based Credit Unions 10.56 3.72 5.00 4.48 4.95
Rank Among All USA Credit Unions 243 139 91 101 73
Rank Among All Wisconsin Credit Unions 22 24 14 16 13

Summit Credit Union Highest Deposit Rates With State and USA Rankings

Checking Regular Savings Money Market Certificates of Deposits IRA/KEOGH
Rate N/A 0.10 0.15 0.35 0.35
Mean Rate For All USA Based Credit Unions 0.19 0.26 0.29 0.73 0.66
Rank Among All USA Credit Unions N/A 129 124 293 250
Rank Among All Wisconsin Credit Unions N/A 14 27 40 33
Summit Credit Union Loans and Leases

Interest Rate Number of Loans Amount
Unsecured Credit Card Loans 9.90062,693130,166,886
All Other Unsecured Loans/Lines of Credit 9.75025,48948,190,548
Short-Term, Small Amount Loans (STS) (Federal CU Only) 0.00000
Non-Federally Guaranteed Student Loans 6.5006659,390,758
New Vehicle Loans 2.9503,76774,461,460
Used Vehicle Loans 2.99031,138333,218,309
Total 1st Mortgage Real Estate Loans/Lines of Credit 3.74011,2241,307,028,378
Total Other Real Estate Loans/Lines of Credit 3.74014,527214,094,824
Leases Receivable 0.00000
Total All Other Loans/Lines of Credit 3.5508,05875,819,290
TOTAL LOANS & LEASES 157,5612,192,370,453

Summit Credit Union Real Estate Loans and Lines of Credit


No. of Loans Outstanding Amt of Loans Outstanding No. of Loans Granted Year- to-Date Amount Granted Year-To-Date
Fixed Rate
    a. > 15 years 22629,994,875892165,199,811
    b. 15 Years or less 5,014368,161,704806104,089,775
    a. > 15 years 2,165415,074,48844495,630,440
    b. 15 Years or less 2,266450,827,49130972,533,927
Other Fixed Rate 145,14900
Adjustable Rate 1 yr or less 1,54140,579,4733415,747,203
Adjustable Rate > 1 yr 112,345,1981134,000


Closed-End Fixed Rate 95923,082,8251305,244,093
Closed-End Adjustable Rate 0000
Open-End Adjustable Rate 13,568191,011,9997,51897,023,178
Open-End Fixed Rate 0000
TOTALS 25,7511,521,123,20210,134555,602,427


Interest Only & Payment Option 1st Mortgage Loans 33433,652,82026,882,408
Interest Only & Payment Option Other RE/LOC Loans 1,73645,314,35234,741,477
    a. Federally Insured Home Equity Conversion Mortgage (HECM) 0000
    b. Proprietary Reverse Mortgage Products 0000

Summit Credit Union Member Offerings
First Time Homebuyer Program Yes
Real Estate Loans Yes
Pay Day Lending No
Share Secured Credit Cards No
Overdraft Protection/Courtesy Pay Yes
Overdraft Lines of Credit Yes
ATM/Debit Card Program Yes
Interest Only and Payment Option 1st Mortgage Loans Yes
Check Cashing Yes
Money Orders Yes
No Surcharge ATMs Yes
Home Banking Via Internet Website Yes