Member Eligibility
Joining the Summit Credit Union community is like becoming part of a big, welcoming family! Membership is open to anyone who lives or works in the areas we serve, and it's our goal to make you feel right at home from day one. Whether you're looking for personal banking solutions, auto loans, or even business services, we have something for everyone. If you're curious about the specific eligibility requirements, you can find all the details on our website. Opening an account with us is straightforward and can be done easily by reaching out at (608) 243-5000 or visiting us at our location: 5810 Mineral Point Rd Madison Wi 53705. We are excited to help you take this step toward better financial health and support you on your journey!
Financial Strength
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 are proud to share insights into our financial health, which demonstrates our commitment to serving you with reliability and trust. Performance insights and financial data are sourced from the National Credit Union Administration (NCUA) at: https://www.ncua.gov, based on the latest results. 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 9.47% 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 capacity to support your financial goals is reflected in our lending portfolio, which includes $44,663 in used auto loans and $5,808,454,297 in total loans and leases. Our operational efficiency is highlighted by our $23,704,038, enabling us to continue 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, ensuring our branches are always ready to serve you with a knowledgeable, committed team. In total, we manage 666,787 share accounts, showcasing a strong and growing member base that trusts us with their finances. Net Shares (Funds available for lending and investments) stand at $6,445,173, further illustrating our dedication to maintaining robust resources for your needs. 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 5810 Mineral Point Rd Madison Wi 53705 or call (608) 243-5000 to learn more about how we can help you achieve your financial goals.
