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Established in 1935, Summit Credit Union is a member-owned financial cooperative. Summit holds $7.3 billion in assets and has more than 260,300 members and 922 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.
In March 2016, MSUFCU merged with Clarkston Brandon Community Credit Union (CBCCU), headquartered in Clarkston, Michigan, with a branch in Ortonville. [ 11 ] [ 12 ] CBCCU had previously been conserved by state and federal regulators amid an embezzlement scandal that January, [ 13 ] and had 8,536 members and $41 million in assets at the time of ...
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State Employees' Credit Union was originally incorporated on June 4, 1937 by employees of the State of North Carolina. The credit union began with $437 in assets and 17 members and was first operated from the basement of Raleigh's Agriculture Building. [ 6] By 1960, the credit union grew to serve over 70,000 members and had assets of almost $25 ...
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Great Wisconsin Credit Union, formerly known as CUNA Credit Union until 2005, was a credit union that was founded on September 17, 1935, in Madison, Wisconsin. The credit union had been started to serve employees of the CUNA Mutual Group and the local community. By 2007, Great Wisconsin Credit Union had approximately 46,000 members and 428 ...
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 ...