At Summit, financial security is not just a goal it's a promise. Our members count on us for stability, and we take that responsibility seriously. We understand that in today's ever-changing economic landscape, you need to feel confident about where you place your hard-earned money. That's why we're proud to share our financial strength with you. With a
net worth of $707,819,700, we maintain strong financial health, allowing us to offer better rates, lower fees, and enhanced member services. Our
net worth ratio of $947 demonstrates a solid capital foundation, ensuring that we can continue providing loans, competitive savings rates, and uninterrupted services even in uncertain economic times. Members' savings are secured through
$2,350,293,935 in share certificates and
$1,279,046,007 in money market shares, offering stable and rewarding financial growth opportunities. Unlike traditional banks, we prioritize our members. With non-member deposits at
$73,411,000, we ensure that our resources are focused on benefiting you through better loan rates, lower fees, and exclusive perks. With
$702,951,645 in undivided earnings, we reinvest in innovative banking tools, stronger lending options, and enhanced security measures to serve our members better. Our commitment to helping you achieve your financial goals is reflected in our lending capacity; with
$44,663 in used auto loans and
$5,808,454,297 in total loans and leases, we're here to support your dreams whether it's buying a car or starting a business. Our operational efficiency is evident as well; despite facing challenges like many others, our
$0 showcases our ability to manage resources effectively while still offering competitive loan rates and solid financial products for our members. We also take pride in having
819 full-time employees and
65 part-time employees dedicated to serving you with knowledge and care. Net Shares (Funds available for lending and investments) stand at
$6,445,173, which allows us to be agile in meeting your needs. With a total of
666,787 accounts held by our valued members, it's clear that many trust us with their finances. Our financial strength means we can continue serving you with confidence. Whether you're saving, borrowing, or planning for the future, Summit is your trusted partner. Visit us at 2330 Kennedy Rd Janesville Wi 53545 or call (608) 243-5000 to learn more about how we can help you achieve your financial goals. Performance insights and financial data are sourced from the National Credit Union Administration (NCUA) at:
https://www.ncua.gov , based on the latest results.