MADISON, Wis.—Summit Credit Union has surpassed $5 billion in assets. The announcement was made by CEO & President Kim Sponem during the credit union’s Summit Fest event.
This year’s in-person Summit Fest, a annual membership meeting and family event, welcomed back more than 2,600 members after cancelling similar events in 2020 and 2021 due to the COVID pandemic.
“We are delighted to be back in person to celebrate our successful growth in 2021 with our members and have some fun,” said Sponem. “Summit Fest is our way of saying thank you to our members with a family event that introduces a new generation to the value of credit unions rooted in our cooperative business model.”
The celebration offered a short business meeting and family-friendly entertainment including a picnic lunch, obstacle courses and the fan-favorite diaper dash at a local baseball stadium called the Duck Pond (Mallards Stadium) at Warner Park.
In recent months, Summit noted it has earned recognition as Wisconsin’s No. 1 Small Business Administration (SBA) lender for credit unions for the 11th straight year. Top Workplaces USA named Summit a Top Workplace in the USA in 2021 and 2022 and the Wisconsin State Journal named it a Top Workplace in Madison for 2020, 2021 and 2022.