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Established in 1935, Summit Credit Union is a member-owned financial cooperative. Summit holds $6.9 billion in assets and has more than 256,000 members and 954 employees across 60 locations throughout Wisconsin. Since 2002, Kim Sponem has been CEO & President of Summit Credit Union, formerly known as CUNA Credit Union/Great Wisconsin Credit Union.
The National Credit Union Administration is the U.S. independent federal agency that supervises and charters federal credit unions. As of December 31, 2022, there were 4,760 federally insured credit unions in the United States with 135.3 million members.
The Summit Credit Union referred to in this article is only one of several Summit Credit Unions around the country. That being the case, there would seem to be a need for a disambiguation page. These are the other Summit Credit Union's that I'm aware of: Summit Credit Union in Greensboro, NC ; The Summit Federal Credit Union in Rochester, NY
Banking in theUnited States. Credit unions in the United States served 100 million members, comprising 43.7% of the economically active population, in 2014. [1] [2] U.S. credit unions are not-for-profit, cooperative, tax-exempt organizations. [3] The clients of the credit unions become partners of the financial institution and their presence ...
The Michigan State University Federal Credit Union ( MSUFCU) is a credit union headquartered in East Lansing, Michigan. Primarily serving students and alumni of Michigan State University and Oakland University, MSUFCU is federally chartered and regulated by the National Credit Union Administration (NCUA). MSUFCU is the largest university-based ...
The Federal Credit Union Act is an Act of Congress [1] enacted in 1934. The purpose of the law was to make credit available and promote thrift through a national system of nonprofit, cooperative credit unions. This Act established the federal credit union system and created the Bureau of Federal Credit Unions, the predecessor to the National ...
A credit union is a member-owned nonprofit cooperative financial institution. They may offer financial services equivalent to those of commercial banks, such as share accounts ( savings accounts ), share draft accounts ( cheque accounts ), credit cards, credit, share term certificates ( certificates of deposit ), and online banking.
Summit FCU – originally Yellowstone Teachers Credit Union, they served teachers, faculty and students for area schools before expanding to a community charter. BearPaw FCU - established in 1942 for Great Northern Railway employees — eventually expanding to their families, then to Havre as a whole, then to county and surrounding counties ...