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Summit Credit Union

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Summit Credit Union Rates & Review March 2026

Q: How many branches does Summit Credit Union operate?

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

Q: Is a member application needed to join Summit Credit Union?

Yes, to access services at Summit Credit Union, 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.

Q: Is there a first-time homebuyer program?

Currently, Summit Credit Union 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.

Q: Are credit management and repair services offered?

While formal credit repair services are not currently listed, Summit Credit Union 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: March 12, 2026

Summit Credit Union's 16-Month CD rates are at 4.00%, 8-Month CD rates are at 3.85%. Summit Credit Union's Mortgage 30 Year Fixed rates are at 6.12%. MonitorBankRates evaluates the financial stability of Summit Credit Union with a 5.0 Star Rating, an A Overall Health Grade, and a Texas Ratio of 6.45%. Rates were last updated on 03/12/2026.

Summit Credit Union 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? Share your experience about Summit Credit Union by leaving a review below, or read customer reviews before you decide to use Summit Credit Union.

Overall Health & Safety Grade

Excellent Health Score: 97/100

MonitorBankRates Rating

5.0

Exceptional Out of 5.0 Stars

Texas Ratio

6.45%

Excellent Higher than avg

Summit Credit Union
Cottage Grove Headquarters

1709 Landmark Dr
Cottage Grove, WI 53527 8957

https://www.summitcreditunion.com

Summit Credit Union CD Rates

Product	Rate	APY
16-Month Certificate	3.93%	4.00%
Min Balance $5,000 Last Updated 03/12/2026 Institution Ratings 5.0 Star Rating A Health Grade ◈ Texas Ratio: 6.45%
8-Month Certificate	3.78%	3.85%
Min Balance $5,000 Last Updated 03/12/2026 Institution Ratings 5.0 Star Rating A Health Grade ◈ Texas Ratio: 6.45%

Summit Credit Union Mortgage Rates

Product	Rate	Points	APR
Express Mortgage Refinance 20 Year Fixed	-	-	5.99%
No additional details. Last Updated 03/12/2026 Institution Ratings 5.0 Star Rating A Health Grade ◈ Texas Ratio: 6.45%
Mortgage 30 Year Fixed	6.13%	-	6.22%
No additional details. Last Updated 03/12/2026 Institution Ratings 5.0 Star Rating A Health Grade ◈ Texas Ratio: 6.45%

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.

Methodology & Data Sources

MonitorBankRates Star Rating

Our rating for Summit Credit Union 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 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's official website for the most current offers and terms.

Credit Union Profile & Overview

Credit Union Name Summit Credit Union

Website https://www.summitcreditunion.com

Address 1709 Landmark Dr, Cottage Grove, WI 53527 8957

Phone 608-243-5000

Fax

President Dan Kaiser

CEO Kim Sponem

Full-Time Employees 838

Part-Time Employees 61

Branch Locations 57

ATM Locations 56

NCUA Insured ✓ Yes — Up to $250,000 per depositor

Financials

MonitorBankRates Star Rating

5.0 / 5.0 ★

Overall Health & Safety Grade

A (97/100)

Texas Ratio

6.45%

Return on Assets (ROA)

0.8723%

Return on Equity (ROE)

8.7119%

Non-Performing Loans Ratio (NPL)

0.82%

Total Assets

7,958,777,885

Total Amount of Shares and Deposits

6,376,884,802

Total Shares and Deposits < 1 Year

6,010,810,878

Total Shares and Deposits 1 3 Years

316,115,484

Total Shares and Deposits > 3 Years

49,958,440

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

991,249,528

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

991,249,528

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

5,385,635,274

Total Interest Expense (Sum of items 6 8)

139,963,181

Share Certificates

74,274

Number of Accounts for Share Drafts

207,373

IRA KEOGH Accounts

13,189

Number of Accounts for Regular Shares

359,510

All other shares

2,223

Non Member Deposits

261

Money Market Shares

34,285

Total Cash on Deposit (Amounts Deposited in Financial Institutions)

611,088,545

Total Liabilities

7,186,885,231

Source: NCUA — Last Updated 09/30/2025

Customer Reviews

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

Average Rating

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Total Reviews

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Frequently Asked Questions About Summit Credit Union

Is Summit Credit Union a safe place to deposit money?

Yes, Summit Credit Union is considered a safe financial institution. With a Texas Ratio of 6.4531041519973%, the institution's financial health is rated as excellent. Your accounts are federally insured by the NCUA (National Credit Union Administration) up to $250,000 per depositor, for each account ownership category.

How many branches does Summit Credit Union operate?

Summit Credit Union 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?

Yes, to access services at Summit Credit Union, 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 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 provides members with tools to manage their accounts and build a solid financial history.

Does Summit Credit Union offer online and mobile banking?

Most modern institutions like Summit Credit Union 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.