Summit Credit Union Madison WI | Low Mortgage Rates & Auto Loans

Introduction

Welcome to Summit, your trusted credit union located at 401 S Yellowstone Dr, Madison, WI 53719. Established in 1935, we have been dedicated to serving our community for nearly a century. With over 264,000 members and total assets exceeding $7.47 billion, we pride ourselves on fostering financial growth and stability for our members. At Summit, we understand that every financial journey is unique. That's why we offer a variety of services tailored to meet your needs from checking and savings accounts to auto loans and mortgages. Our commitment to you goes beyond mere numbers; it's about building relationships based on trust and reliability. Under the leadership of our CEO, Kim Sponem, and Board President, Dan Kaiser, our team of 884 employees works diligently to ensure you receive personalized service. We're not just about banking; we're about community impact. With total deposits amounting to $744 million and net worth reaching $707 million, we are well-equipped to support local initiatives and projects that enhance the quality of life in Madison. Our dedication is reflected in our generous offerings, including competitive rates on loans and exceptional member services. While members can visit us at our branch location, official correspondence should be sent to our mailing address: PO Box 8046, Madison, WI 53708-8046. If you have questions or need assistance, don't hesitate to reach out at 608-243-5000 or visit us online at Summit Credit Union. We invite you to join us on this journey toward financial empowerment!

Branch History & Mission

Commitment to Accessibility

We take pride in being ADA compliant so that everyone can access our services comfortably. This commitment extends beyond physical accessibility; it includes providing resources and support tailored to diverse needs within our community. Summit is not just about transactions; it's about building relationships and creating opportunities for financial growth. We actively engage in community outreach programs that empower individuals through education and resources. In conclusion, we invite you to join Summit Credit Union and experience the difference firsthand. Together, let's build a brighter financial future while nurturing the spirit of our vibrant community. For more information or assistance, feel free to reach out at 608-243-5000 during our operating hours: M-F from 7:30 AM to 5:30 PM and Saturday from 8:30 AM to 1 PM. We look forward to welcoming you!

Our Mission

Our mission is simple yet powerful: to enhance the financial well-being of our members while fostering a sense of community. We aim to provide personal banking services such as checking and savings accounts, auto loans, mortgage financing, and more. We also prioritize community support through outreach initiatives that strengthen local partnerships and improve the lives of those around us. As we embrace modern advancements in banking technology, we ensure that our services remain user-friendly and accessible for everyone. With features like online banking and mobile payments available, we make managing finances easy for our members. Additionally, our drive-thru service offers convenience for those on the go.

Branch Location & Accessibility

Accessibility and Features

At Summit, we prioritize accessibility for all our members. Our branch complies with ADA standards and features ramps and other accommodations to ensure everyone can easily access our facilities. Plus, with drive-thru banking options available, you can complete transactions without leaving your vehicle a perfect solution for busy days!

Banking Services

At Summit, we offer a variety of services tailored to meet your needs. From checking and savings accounts to auto loans and credit cards with rewards, we've got you covered. Our ATM is always available for quick cash withdrawals and balance checks. If you have any questions or need assistance, don't hesitate to give us a call at 608-243-5000. We look forward to serving you!

Operating Hours

We understand that life can get hectic, which is why our operating hours are designed to fit your schedule. You can visit us Monday through Friday from 7:30 AM to 5:30 PM and on Saturday from 8:30 AM to 1 PM. Whether you need assistance with personal banking, auto loans, or other financial services, we're here for you during these hours.

Member Eligibility

Welcome to Summit, where joining our community means becoming part of a supportive family that values your financial well-being. To become a member, you simply need to meet some friendly eligibility criteria, which include being a resident of our local area or having an immediate family member who is already a member. We believe in inclusivity, so whether you're starting your financial journey or looking for a trusted partner for your future, we're here for you. Opening an account is easy and convenient! Just stop by our branch at 401 S Yellowstone Dr Madison Wi 53719, give us a call at (608) 243-5000, or check out the details on our website. We encourage you to visit this page for more information on eligibility and to stay updated on any changes. Joining Summit opens the door to a variety of financial products and services tailored just for you, making it easier to achieve your goals while enjoying the benefits of being part of our cooperative community.

Business Banking & Commercial Services

Business Loans That Fuel Growth

Our commitment to supporting businesses is evident, with investments in business growth through our commercial lending programs: - We've funded over $1,650 in commercial loans for our members, helping businesses scale and succeed. - We also support the broader business community with $4 in non-member commercial loans, providing flexible financing solutions. - With an outstanding commercial loan portfolio of $921,976,576, we continue to drive economic growth by financing new and expanding businesses.

Merchant Services That Make Transactions Easy

Imagine having the ability to accept payments quickly and securely while focusing on what you do best running your business. Our merchant services are designed for ease of use, allowing you to process transactions smoothly, whether in-store or online. This means more time for you to serve your customers and grow your brand. Located at 401 S Yellowstone Dr Madison Wi 53719 in Madison, WI, we're here to provide personalized support and financial resources tailored specifically for your business needs. Connect with us today at (608) 243-5000 to learn how we can partner together for success!

Comprehensive List Of Services

Business Banking Services

Small business owners will find valuable support through our business banking services, which include merchant services and business loans. We recognize the unique challenges that businesses face, and we're committed to helping them thrive with customized solutions.

Cash Access

We also provide convenient ATM and cash withdrawal services, along with basic drive-thru banking for deposits and withdrawals. Whether you need cash on the go or prefer handling transactions from your vehicle, we've got you covered. At Summit, we pride ourselves on being more than just a financial institution; we're your partners in achieving financial success. Explore our comprehensive list of services today by visiting us at Yellowstone or giving us a call at (608) 243-5000. We're excited to assist you!

Credit Options

In addition to home financing, we also provide personal loans and debt consolidation options. If you're managing multiple debts or looking for extra funds for a special project, we can help simplify your financial landscape. Plus, our credit cards with rewards allow you to earn while you spend it's a win-win!

Digital Banking Convenience

In today's fast-paced world, having access to online and mobile banking is essential. At Summit, we offer robust digital banking features that allow you to manage your finances anytime, anywhere. With capabilities like online bill pay, person-to-person payments, and mobile applications, staying on top of your finances has never been easier.

Home Financing Solutions

For those ready to own their dream home, our mortgage loans and refinancing services offer various plans to suit different situations. Our knowledgeable staff will help guide you through the mortgage process, ensuring you feel comfortable and informed every step of the way.

Personal Banking

When it comes to personal banking, we offer various options tailored just for you. Our checking and savings accounts are simple and accessible, making it easy for you to manage your day-to-day finances. Whether you're saving for a vacation or planning for unexpected expenses, our accounts provide the flexibility you need. If you're looking to purchase a new car or refinance your current vehicle, our auto loans and vehicle financing options come with competitive rates that fit within your budget. We understand that buying a car is a significant investment, and we're here to make it easier for you.

Digital & Online Banking

At Summit, we understand that banking should be as convenient and secure as possible. That's why we offer a range of digital and online banking services designed to meet your needs, whether you're at home or on the go. With our online banking platform, you can manage your accounts anytime, anywhere. Our 24/7 online banking services ensure that you have access to your funds and important information whenever you need it. You can easily check balances, transfer money, and pay bills all from the comfort of your home. Security is a top priority for us. We utilize advanced technology to keep your information safe while providing a user-friendly experience. For added convenience, our electronic signature authorization feature allows you to sign documents digitally, saving you time and hassle. E-statements are available for those who prefer going paperless. Not only do they help the environment, but they also make it easy for you to keep track of your finances without cluttering your mailbox. Plus, if you're always on the move, our mobile application gives you access to essential banking features right at your fingertips. Need to send money quickly? With our person-to-person transfer service, you can easily send funds to friends or family without any fuss. And if you're looking to make purchases on the go, our mobile payments feature allows you to pay using your phone making transactions simpler than ever. At Summit, we're committed to making your banking experience efficient and enjoyable. Explore all these features today and see how easy managing your finances can be!

Financial Strength

Commitment to Growth

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 is also reflected in our lending capacity; with $44,663 in used auto loans and $5,808,454,297 in total loans and leases, we support our members' financial goals across various sectors.

Growing Member Base

Our trustworthiness is evident through our growing member base. We have a total of 666,787 share and deposit accounts that reflect the confidence our members place in us. Additionally, we have net shares available for lending and investments amounting to $6,445,173. 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 401 S Yellowstone Dr Madison Wi 53719 or call (608) 243-5000 to learn more about how we can help you achieve your financial goals.

Operational Efficiency

Our operational efficiency is highlighted by our current $23,704,038, allowing us to continue offering competitive loan rates and solid financial products for our members. We take pride in having 819 full-time employees and 65 part-time employees who are dedicated to providing exceptional service.

Secure Savings Options

Your savings are in good hands with us. We secure our members' investments 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.

Strong Financial Health

With a net worth of $707,819,700, we maintain robust 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.

Loan Offering

Auto Loans

Looking to buy a new car? Our auto loans offer some of the lowest rates in the industry, with over $632,135,339 in used vehicle loans and $146,071,731 in new vehicle loans already helping members get on the road. Whether you're interested in financing a brand-new model or a reliable used vehicle, we have options that fit your budget.

Business Financing

For business owners, our outstanding commercial loans totaling $921,976,576 provide the capital needed to grow and expand. We understand that every business has unique needs, and we're here to work with you to find suitable financing solutions that support your vision. If you're considering refinancing any existing loans or exploring eligibility options for our various loan products, don't hesitate to reach out. Our team is ready to assist you in finding the best financial solutions available. For more information on how we can support your financial journey, visit us at 401 S Yellowstone Dr Madison Wi 53719 in Madison, WI, or give us a call at (608) 243-5000. Performance insights and financial data are sourced from the National Credit Union Administration (NCUA) at: https://www.ncua.gov, based on the latest results. Let's take the next step together!

Mortgage Loans

Thinking about homeownership? Our mortgage options, including Junior Lien 1-4 Family Residential Properties loans totaling $870,167,475, make buying or refinancing simple. We strive to make the process as straightforward as possible, guiding you through each step while offering competitive rates that can save you money over time.

Unsecured Credit Card Loans

Managing day-to-day expenses can sometimes be challenging. That's why we also offer flexible terms on unsecured credit card loans, with a total of $210,579,328 in loans helping members manage their finances effectively. Enjoy the convenience and security of our credit cards designed with your needs in mind.

Loan Aggregator

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SUMMIT CREDIT UNION - Madison, WI

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