MADISON, Wis. – Summit Credit Union is reporting its unique annual membership meeting and family event, Summit Fest, attracted 3,505 members for the Sunday festivities.
The credit union said it marks the largest attendance recorded for Summit Fest, where members and their families took part in kids’ obstacle races, enjoyed yard games, and “spent a fun time together eating a Wisconsin summer cookout.”
“We grow when we add value to our members and this annual event is an opportunity to both celebrate our achievements and show our members how much we appreciate them,” said Summit Credit Union CEO & President Kim Sponem. “This year, we have seen a large growth in assets, the largest acquisition of a bank by a credit union in U.S. history, and we are in the Top Workplaces for Madison, Milwaukee and the USA. There’s a lot for our employees and our members to celebrate.”
‘Family Friendly Entertainment’
According to Summit, which has more than 240,000 members, the celebration offered a short business meeting and family-friendly entertainment at the local baseball stadium, what is known locally as the Duck Pond but more formally as Mallard’s Stadium at Warner Park, Madison. Attractions at Summit Fest also included a diaper dash for toddlers, free mini cupcakes with the chance to win $10 to pay-it-forward, and the return of an employee-led cover band playing songs by an array of artists from The Blues Brothers to Taylor Swift to Queen.
Board Meeting Held
During its annual board meeting, Summit said the CU’s successes were discussed, including:
- The acquisition of Commerce State Bank. “This is the largest acquisition of a bank by a credit union in U.S. history. With this acquisition, we welcomed 71 employees, more than 5,700 new members and added four locations -- West Bend, Elm Grove, Sheboygan, and Cedarburg.”
- Summit Credit Union said it saw a 29% growth in assets to more than $6.4 billion. More than 43,000 new loans were secured for cars, homes, vacations, and other members’ goals. Kiplinger and Investopedia reported Summit Credit Union’s three-year certificate rate among the top in the nation.
- Summit Credit Union was named a Top Workplace in Madison, Milwaukee, and the U.S.
Feeling the FOMO Fever? CUToday.info Has a Prescription
Are you missing out on the latest news in credit unions? Missing the trends and developments you need to be aware of? We can help. Each morning CUToday.info delivers its daily Fresh Today news update offering the latest headlines and breaking news right to your email, with the easy-to-read headlines format allowing you to click on the stories that interest you most in order to learn more.
And it’s free!
If you haven’t yet signed up for the new email solution on which CUToday.info has partnered with ResponseGenius, you can do so here. Signing up requires less than one minute of your time—and it’s free!
Please note that after signing up you may need to go to your Spam/Junk folder and mark the morning headlines email as safe. CUToday.info does not provide its list of readers and emails to outside parties, and we will not be contacting you to sell you an extended warranty or sending you any links so you may cash in on an inheritance you didn’t know was coming.
And did we mention it’s free?
Please note and/or make your IT department or email administrator aware the emails will be coming from the domains CUTodayinfo.com and CUTodayinfoReply.com.