☰

Survey Results We asked readers after the Fed’s Sept. 16 hike: 50% of savers say their bank still has not raised their rate since the Fed funds rate increase. See the full results

Home›
Credit Unions›
Summit Credit Union Cottage Grove, WI

iAdvertiser Disclosure

Summit Credit Union Cottage Grove, WI Rates & Review October 2026

Q: Are credit management and repair services offered?

While formal credit repair services are not currently listed, Summit Credit Union Cottage Grove, WI provides members with tools to manage their accounts and build a solid financial history.

Content reviewed by

Brian McKay

| Editorial Disclosure | ✓Fact Checked | Rates Last Updated and Verified: October 9, 2026

Summit Credit Union Cottage Grove, WI's top rates as of October 9, 2026 are 4.50% APY on its 16-Month CD, 7.38% on its Mortgage, and auto loans from 5.54% APR, according to rates verified by MonitorBankRates. Other Summit Credit Union Cottage Grove, WI CD rates include 7-Month CD at 4.10%. Other Summit Credit Union Cottage Grove, WI mortgage rates include Express Mortgage Refinance at 7.39%. MonitorBankRates evaluates the financial stability of Summit Credit Union Cottage Grove, WI with a 5.0 Star Rating, an A+ Overall Health Grade, and a Texas Ratio of 4.84%. Rates last updated and verified on 10/09/2026.

Summit Credit Union Cottage Grove, WI money market rates, and other rates, are continually updated to reflect market conditions. We recommend checking back frequently to get the best money market rates and other rates available. Have you opened an account or have any experiences at Summit Credit Union Cottage Grove, WI? Share your experience about Summit Credit Union Cottage Grove, WI by leaving a review below, or read customer reviews before you decide to use Summit Credit Union Cottage Grove, WI.

Verified Healthy Q2 2026 Use This Badge on Your Credit Union Website

Overall Health & Safety Grade

A+

Exceptional Health Score: 98/100

MonitorBankRates Rating

5.0

Exceptional Out of 5.0 Stars

Texas Ratio

4.84%

Excellent Lower than avg

Health Trend

Very strong 12 quarters

Full history ›

Summit Credit Union Cottage Grove, WI
Cottage Grove - Headquarters

1709 Landmark Dr
Cottage Grove, WI 53527-8957

https://www.summitcreditunion.com

Customer Reviews

Be the first to review

Write a Review

Financial health data as of Q2 2026 (NCUA 5300 call report for the quarter ended June 30, 2026). This is the most recent call report available. The NCUA publishes credit union call reports about ten weeks after each quarter ends.

Summit Credit Union Cottage Grove, WI CD Rates

Product	Rate	APY	Term
16-Month Certificate	4.41%	4.50%	16-Month
Min Deposit $5,000 Min Balance $5,000 Last Updated 10/09/2026 Rate History No change since Sep 14, 2026 · 4.50% APY · checked 7 times Institution Ratings 5.0 Star Rating A+ Health Grade ◈ Texas Ratio: 4.84%
7-Month Certificate	4.02%	4.10%	7-Month
Min Deposit $5,000 Min Balance $5,000 Last Updated 10/09/2026 Rate History No change since Oct 5, 2026 · 4.10% APY · checked 2 times Institution Ratings 5.0 Star Rating A+ Health Grade ◈ Texas Ratio: 4.84%

Summit Credit Union Cottage Grove, WI Mortgage Rates

Product	Rate	Points	APR	Term
Express Mortgage Refinance	7.389%	-	7.389%	20 Year Fixed
No additional details. Last Updated 10/09/2026 Rate History No change since Oct 2, 2026 · 7.39% APR · checked 3 times Institution Ratings 5.0 Star Rating A+ Health Grade ◈ Texas Ratio: 4.84%
Mortgage	7.375%	-	7.487%	30 Year Fixed
No additional details. Last Updated 10/09/2026 Rate History 2 changes since Oct 2, 2026 · 7.49% → 7.49% ▼ 0.00 pts · high 7.61% / low 7.49% Oct 9, 20267.49%▼ from 7.61% Oct 5, 20267.61%▲ from 7.49% Oct 2, 20267.49%first recorded Institution Ratings 5.0 Star Rating A+ Health Grade ◈ Texas Ratio: 4.84%

Summit Credit Union Cottage Grove, WI Home Equity & HELOC

Product	Rate	Points	APR	Term	View More
Home Equity HELOC	-	0.00%	6.50%
Details 0.00% APR for 3 months, 6.50% variable rate after that Last Updated 10/09/2026 Rate History 1 change since Sep 14, 2026 · 6.25% → 6.50% ▲ 0.25 pts · high 6.50% / low 6.25% Sep 26, 20266.50%▲ from 6.25% Sep 14, 20266.25%first recorded Institution Ratings 5.0 Star Rating A+ Health Grade ◈ Texas Ratio: 4.84%

Summit Credit Union Cottage Grove, WI Auto Loan Rates

Product	Rate	Points	APR	Term	View More
Auto Loan	-	-	5.54%
Details No Payments for 90-Days Last Updated 10/09/2026 Rate History 1 change since Sep 14, 2026 · 5.29% → 5.54% ▲ 0.25 pts · high 5.54% / low 5.29% Oct 5, 20265.54%▲ from 5.29% Sep 14, 20265.29%first recorded Institution Ratings 5.0 Star Rating A+ Health Grade ◈ Texas Ratio: 4.84%

Important: Rates, terms, and conditions are subject to change without notice. The rates displayed are for information purposes only. Please confirm all rates and terms directly with the financial institution. We strive to keep this information accurate but cannot guarantee it.
Banks and Credit Unions: If you identify an incorrect rate or wish to request the removal of your institution's data from MonitorBankRates.com, please contact us here.

Financial Health History

Summit Credit Union Cottage Grove, WI’s Texas Ratio rose from 4.23% in Q3 2023 to 4.84% in Q2 2026, so its financial health has stayed very strong over the past 12 quarters. Over the same period its Star Rating moved from 5.0 to 5.0. Lower Texas Ratios are healthier; the green zone below the amber 15% line is where a credit union must stay to qualify for the MBR Verified Healthy badge. Hover over or tap a point for that quarter’s figures.

Swipe the chart sideways to see every quarter.

Texas Ratio, left axis (lower is healthier)MBR Star Rating, right axis (1 to 5)Health Grade15% Verified Healthy limit (green zone below = healthy)

How to read this chart: the two lines move in opposite directions by design. The Texas Ratio (blue) measures trouble, so a rising blue line means more non-performing assets against capital. The Star Rating (green) and Health Grade chips measure strength, so they fall when the Texas Ratio climbs and recover when it drops.

Show the quarterly figures

Quarter	Total assets	Texas Ratio	Star Rating	Health Grade
June 30, 2026	$8.5B	4.84%	5.0	A+
March 31, 2026	$8.3B	4.39%	5.0	A+
December 31, 2025	$8.1B	5.41%	5.0	A+
September 30, 2025	$8.0B	6.09%	5.0	A
June 30, 2025	$7.8B	6.31%	5.0	A
March 31, 2025	$7.6B	4.39%	5.0	A+
December 31, 2024	$7.5B	4.96%	5.0	A+
September 30, 2024	$7.5B	5.38%	5.0	A+
June 30, 2024	$7.3B	5.72%	5.0	A+
March 31, 2024	$7.2B	5.52%	5.0	A+
December 31, 2023	$6.9B	5.36%	5.0	A+
September 30, 2023	$6.8B	4.23%	5.0	A+

Source: NCUA 5300 call reports, MonitorBankRates analysis. Ratings shown are recomputed for each quarter with the current methodology and exclude member reviews.

Methodology & Data Sources

MonitorBankRates Star Rating

Our rating for Summit Credit Union Cottage Grove, WI is derived from comprehensive financial data published quarterly by the NCUA. Our proprietary rating system evaluates financial stability (including the Texas Ratio and capitalization) and combines it with member feedback (user reviews) to help you make informed banking decisions.

Texas Ratio

We calculate the Texas Ratio using standard industry methodology. This ratio compares the credit union's non-performing assets to its tangible common equity and loan loss reserves to assess financial health.

Rate Data Aggregation

We gather Summit Credit Union Cottage Grove, WI rates using proprietary online rate aggregation technology. Our systems scan constantly to provide the most recent rates available to our visitors.

Disclaimer: Interest rates are variable and subject to change without notice. While we strive for accuracy, rates can change rapidly based on market conditions. It is always advisable to check with Summit Credit Union Cottage Grove, WI's official website for the most current offers and terms.

Credit Union Profile & Overview

Credit Union Name Summit Credit Union Cottage Grove, WI

Website https://www.summitcreditunion.com

Address 1709 Landmark Dr, Cottage Grove, WI 53527-8957

Phone 608-243-5000

Fax

President Robert Lindner

CEO Kim Sponem

Full-Time Employees 880

Part-Time Employees 58

Branch Locations 57

ATM Locations 59

NCUA Insured ✓ Yes, up to $250,000 per depositor

Financials

MonitorBankRates Star Rating

5.0 / 5.0 ★

Overall Health & Safety Grade

A+ (98/100)

Texas Ratio

4.84%

Return on Assets (ROA)

0.6282%

Return on Equity (ROE)

6.0728%

Non-Performing Loans Ratio (NPL)

0.65%

Total Assets

8,522,236,354

Total Amount of Shares and Deposits

6,850,128,977

Total Shares and Deposits < 1 Year

5,978,320,198

Total Shares and Deposits 1 3 Years

813,885,556

Total Shares and Deposits > 3 Years

57,923,223

Total Uninsured Member Shares and Deposits > $250K (A+A1+B+C+D+E)

1,063,514,591

Total Uninsured Shares and Deposits > $250K (F+J)

1,063,514,591

Total Insured Shares and Deposits > $250K (item 17 less item K)

5,786,614,386

Total Interest Expense (Sum of items 6 8)

98,864,792

Share Certificates

75,678

Number of Accounts for Share Drafts

216,018

IRA KEOGH Accounts

13,258

Number of Accounts for Regular Shares

370,721

All other shares

2,470

Non Member Deposits

272

Money Market Shares

37,215

Net Worth Classification if credit union is not new (Based upon Call Report data only See instructions)

Well Capitalized

Net Worth Classification if credit union is a new credit union

Well Capitalized

Total Cash on Deposit (Amounts Deposited in Financial Institutions)

449,851,663

Total Liabilities

7,663,087,423

Source: NCUA — Last Updated 06/30/2026

Q2 2026 MBR Health & Safety Badge

Summit Credit Union Cottage Grove, WI earned the Verified Healthy badge

Display this badge on your website to show visitors your Q2 2026 MonitorBankRates recognition. The badge links back to this profile page for independent verification.

Copy the HTML below and paste it into your website where you’d like the badge to appear. The badge image is hosted on MonitorBankRates, so there is no need to download or upload anything. Badges are re-tested every quarter; when a new quarter is published, come back to this page for the updated code.

<a href="https://monitorbankrates.com/credit-unions/summit-credit-union-rates-review-67190">
  <img src="https://www.monitorbankrates.com/wp-content/uploads/badges/mbr-badge-tier-c-2026-q2.svg"
       alt="MonitorBankRates Verified Healthy Badge Q2 2026"
       width="160" height="160">
</a>

Learn more about the MBR Health & Safety Badge program on our methodology page.

Customer Reviews

There are no reviews for Summit Credit Union Cottage Grove, WI yet. Feel free to create one below.

Looking for more bank and credit union reviews? Visit our Community Reviews hub to read what other members are saying, ask questions, and join the conversation.

Average Rating

☆☆☆☆☆

Total Reviews

Add Your Rating and Review for Summit Credit Union Cottage Grove, WI

Frequently Asked Questions About Summit Credit Union Cottage Grove, WI

How many branches does Summit Credit Union Cottage Grove, WI operate?

Summit Credit Union Cottage Grove, WI currently maintains approximately multiple branch location(s). Physical branches allow members to access in-person services such as notary consultations and safe deposit boxes.

Is a member application needed to join Summit Credit Union Cottage Grove, WI?

Yes, to access services at Summit Credit Union Cottage Grove, WI, a member application is required. As a credit union, membership is based on specific eligibility criteria such as where you live, work, or your organizational affiliations.

Is there a first-time homebuyer program?

Currently, Summit Credit Union Cottage Grove, WI does not list a specific first-time homebuyer program, but they provide a range of mortgage and home equity products to assist members with property financing.

Are credit management and repair services offered?

While formal credit repair services are not currently listed, Summit Credit Union Cottage Grove, WI provides members with tools to manage their accounts and build a solid financial history.

Does Summit Credit Union Cottage Grove, WI offer online and mobile banking?

Most modern institutions like Summit Credit Union Cottage Grove, WI provide digital access. This includes the ability to check balances, transfer funds, deposit checks via mobile app, and view statements online. You can usually find these services at their official website: https://www.summitcreditunion.com.