Overview / Commentary
608-245-5698
4800 American Pkwy
Madison, WI 53718

Summit Credit Union (WI) is headquartered in Madison and is the 2nd largest credit union in the state of Wisconsin. It is also the 68th largest credit union in the nation. It was established in 1935 and as of June of 2018, it had grown to 499 employees and 178,107 members at 37 locations. Summit Credit Union (WI)'s money market rates are 82% higher than the national average, and it has an A health rating.

Field of Membership Restrictions

Summit Credit Union has an open Charter, and is open to anyone.
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Reviews (5)

Passed My Expectations

I was referred to my current credit union from a friend of mine when I started a full time job and needed to set up a checking account and direct deposit. I was not expecting to much going in just based on previous customer service experiences but I have to say that their tellers were very friendly and extremely helpful. The really did go above and beyond to answer all of my questions and they made sure I had my checking/savings account properly set up as well as all of the needed documents for my direct deposit. The tellers talked with me about my goals for the future and any financial services that could be helpful to me. I was provided all the necessary tools for online banking which was easy to set up and navigate. I have been with them for over 6 years now and still love the friendly service I receive every time I stop in to the local branch. I always refer my friends and family to this credit union whenever I get the chance.

Low Fees, Wide Range of Products

Posted by: Iambatman | Jan 29, 2015

I have been a member of Summit Credit Union for over fifteen years. I have used a variety of products that Summit has to offer including checking, debit card, mortgage, certificates of deposit, personal loan and their notary public services. I have always found the staff to be extremely helpful and friendly. They are responsive to my questions. In addition, I feel valued as a customer. On an occasion where I was overdrawn due to a calculation error, the bank covered my overdraft and did not charge me an overdraft fee because I had been a customer for so long and had always managed my checking account well. They were understanding about my human error. Summit's fees are minimal, and there is no ATM fee when using any credit union ATM which I greatly appreciate.

Summit Credit Union

Posted by: JenZ | Apr 29, 2014

I have been a member of Summit Credit Union for over five years now. Every time I go there, I have been treated with respect. Even when applying for a mortgage, they made me feel welcome, and never intimidated. Every person who works there - in the front, or the back offices, has always been helpful and extremely professional. I would not go back to a bank unless I absolutely had to. At Summit, you always get the sense that they are looking out for their members.

Summit Credit Union Review

We have been a member of Summit Credit Union in Sun Prairie, WI for several years now and they have never failed to bend over backward to meet our every need.  We used to belong to another bank when we first moved here and were so disappointed in their service that we actively sought out a different financial institution.  SCU is always willing to sit down with you and go over anything you want to look at.  When my mother moved up here, we suggested SCU to her and she has had great success with them.  She sometimes gets confused and doesn't understand things.  They will call her to discuss transactions or she will go there and they will sit down and go over her accounts with her.  That is SO awesome.  When we started our own business, they were wonderful about helping us figure out a plan of "attack" and helping us to figure out how to get the money we needed.  I can't say enough good things about them. 

Big town credit union small town feel

Posted by: JohnStorm | Mar 31, 2014

I feel like a real person at Summit and not based by the amount in my account. I like the fee free ATM and I love the Pay if Forward idea. The Credit Union is involved in the community and I appreciate that. I can't see myself changing to another financial institution and for the first time I actually enjoy going to a financial institution.



Health

Health Grade Components

Overall
NCUA #67190
Year Chartered1935
Employees499
Primary Regulator
Profit Margin
Return on Assets - YTD1.26%
Return on Equity - YTD10.95%
Annual Interest Income$52.4MM
Assets and Liabilities
AssetsQ2 2018vs Q2 2017$3.13B$2.83B
LoansQ2 2018vs Q2 2017$2.56B$2.19B
DepositsQ2 2018vs Q2 2017$2.40B$2.29B
Equity CapitalQ2 2018vs Q2 2017$356.9MM$322.0MM
Loan Loss AllowanceQ2 2018vs Q2 2017$19.2MM$18.2MM
Unbacked Noncurrent LoansQ2 2018vs Q2 2017$12.8MM$13.8MM
Real Estate OwnedQ2 2018vs Q2 2017$676.00K$350.00K
Rates
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Always verify rates and promotions with the bank or credit union. We are not Summit Credit Union (WI); we are a rate comparison website and cannot provide official rates or promotions.

* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

Summit Credit Union (WI) Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.15%*$10k*-Health Savings Account
OTHER TIERS: 0.55% Up to $2.5k | 0.75% $2.5k - $5k | 0.95% $5k - $10k
0.20%$25-IRA Savings
0.15%*$25*$10kGoSave Account
OTHER TIERS: 0.10% $10k+
0.10%$25-Savings
0.10%$25-2nd Savings
0.10%$25-Holiday Savings

Summit Credit Union (WI) Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.80%*$200k*-Ultimate Money Market
OTHER TIERS: 0.60% $50k - $75k | 0.65% $75k - $100k | 0.70% $100k - $150k | 0.75% $150k - $200k
0.25%*$25k*-Money Market Plus Account Rates
OTHER TIERS: 0.10% Up to $2.5k | 0.15% $2.5k - $10k | 0.20% $10k - $25k

Summit Credit Union (WI) Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.25%$25-Dividend Checking
0.05%$2.5k-Business Dividend Checking
0.05%$2.5k-Ultimate Checking

Summit Credit Union (WI) CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.53%$1k-21 Month Step-Up Certificate
2.00%$500-60 Month CD
1.80%$500-13 Month CD Special
1.30%$500-48 Month CD
0.90%$500-36 Month CD
0.80%$500-24 Month CD
0.70%$500-18 Month CD
0.65%$500-12 Month CD
0.55%$500-9 Month CD
0.55%$1k-24 Month Rate Riser CD
0.55%$250-24 Month Plus CD
0.50%$500-6 Month CD
0.45%$250-18 Month Plus CD
0.40%$500-3 Month CD
0.40%$250-12 Month Plus CD
0.15%$250-6 Month Plus CD

Summit Credit Union (WI) IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.00%$500-60 Month IRA
1.80%$500-13 Month IRA Special
1.30%$500-48 Month IRA
0.90%$500-36 Month IRA
0.80%$500-24 Month IRA
0.70%$500-18 Month IRA
0.65%$500-12 Month IRA
0.55%$500-9 Month IRA
0.55%$250-24 Month Plus IRA
0.55%$1k-24 Month Rate Riser IRA
0.50%$500-6 Month IRA
0.45%$250-18 Month Plus IRA
0.40%$500-3 Month IRA
0.40%$250-12 Month Plus IRA
0.15%$250-6 Month Plus IRA
Locations

Availability



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