Summit Credit Union Info + Review

Summit Credit Union is the CU I’ll be focusing on here for you. We’ll be taking a look at important info like history, membership, and what financial products/services they offer.

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*Routing #: 275979034

A Little History

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This Wisconsin CU was started around the same time as many others like it, during the mid-1930’s. It was originally CUNA Credit Union and had a name change later on.

Instead of being formed by or for a specific group of employees, Summit was established to serve anyone who wanted to put their money into a credit union.

The founders also formed CUNA mutual soon after to offer insurance services. They really laid the ground work for a large suite of offerings back then.

Summit Credit Union Membership

Membership is open to anyone, anywhere. There aren’t too many other CU’s that I’ve seen do that. This might even be the first!

What They Offer

You will find a competitive suite of offerings at this CU. Those include personal products and business offerings.

You can get checking, savings, money market accounts, certificates, IRAs, and manage all of it with digital banking services.

Summit Credit Union also offers a handful of different credit cards. There’s the Ultimate CashPerks card, Visa Platinum Rewards, Visa Platinum, Student Rewards, and the Global Good Card.

Then there’s lots of different loan options, like their various mortgage products. Those include ones for buying a home, refinancing, construction loans, investment properties, and even second/vacation homes.

Even More Products

If you’re thinking about buying a vehicle, Summit Credit Union has a lot of different products for that, too. Those can cover new vehicles, used ones, and recreational vehicles. You can also get discounted auto insurance and mechanical repair coverage there.

They can offer you personal loans and personal lines of credit. Those funds can be used for anything, too. That means a surprise car repair or even a little vacation are fair game.

Summit Credit Union Offers Investments, Insurance, and Business Services

This CU can help you plan for your future by investing, so, you can be ready for retirement or anything else later on. They can work with you for mutual funds, managed accounts, stocks/bonds, IRAs and annuities.

Summit Credit Union also offers a lot of different insurance products, so, you and your purchases will be safe. You can work with them to insure products like auto, home, and loan protection.

They can give you life, health, long-term care, and accidental death & dismemberment insurance. Let’s not forget the business offerings here, too.

You can choose from checking, savings, credit cards, loans, and cash management services for your business. There’s definitely enough here to keep you busy looking at everything!

Let’s take a closer look at the personal checking accounts they offer.

Personal Checking at Summit Credit Union

You can choose from five different checking accounts at this CU. Those are the Balance Account, Free Checking, Student Free Checking, Dividend Checking, and Ultimate Checking.

There are a lot of options, so, you’re bound to find one that fits you and your money. Each account comes standard with a debit card, digital banking, Zelle, access to 5,000 ATMs, overdraft protection, and eligibility for Cash Boomerang rewards.

That’s Summit Credit Union’s cash back rewards program. Basically, the more you save /borrow with Summit, the bigger payout you get.

According to their site, the Boomerang is calculated based on a few things. Here’s what they said for 2020’s calculation:

“A percentage of the interest you paid and the dividends you received from 10/1/19 through 9/30/20 on all accounts on which you’re the primary owner.”

Also, there’s a fixed payout for a few things. Summit Financial Advisor relationships, first mortgages, credit cards, and the length of your membership.

Summit Credit Union – Final Thoughts

No doubt about it, there are a lot of options at Summit. Whether you live nearby in Wisconsin or far away Florida, they welcome you to join.

You can get just about any financial product imaginable through them. That can be very convenient if you don’t want to mess around with multiple places. Check out Summit Credit Union at now.

Do you have a review on this credit union? Send it to [email protected] and we’ll add it in!

*All information in this article was current at the time of this writing, however, it could change without notice. We do our best to keep these updated, however, there is no guarantee you will find the same information on the CU’s website or at the time of opening an account with them.

*This site is not affiliated with the Credit Union mentioned in this article.

Bob Buckley

Bob Buckley writes about food and business.