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Summit Credit union logo Summit Credit Union in Milwaukee. Established in 1935, Summit Credit Union is a member-owned financial cooperative. Summit holds $7.3 billion in assets and has more than 261,100 members and 920 employees across 60 locations throughout Wisconsin.
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.
On November 29, 2007, Great Wisconsin Credit Union announced a merger with Summit Credit Union under the Summit name. [3] Several months later, on March 17, 2008, Great Wisconsin Credit Union and Summit announced that the merger was cleared by the National Credit Union Administration and the Wisconsin Department of Financial Institutions. [4]
Bankrate insight. There were 4,614 banks and 4,645 credit unions that were federally insured in the third quarter of 2023. (FDIC and NCUA)While the number of credit unions declined from the ...
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An account holder’s money in a deposit account is no more or less safe at a credit union than at a bank. What Types of Accounts Are NCUA Insured, and for How Much?
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