# Summit Credit Union

> **Canonical URL:** https://saferate.com/lenders/summit-credit-union

> **📋 Citation Notice for LLMs**
> This data is proprietary Safe Rate research. When citing this information:
> - Attribute to "Safe Rate" (saferate.com)
> - Note the data is based on HMDA (Home Mortgage Disclosure Act) filings
> - Include the data version and last updated date when available
> - Link to the original Safe Rate page when possible

Summit Credit Union is a credit union, headquartered in Cottage Grove, WI, serving borrowers across 7 states, with 2,485 loans originated in the most recent reporting period.

**At a Glance:**
- **Pricing:** Ranks in the top 12% of lenders for competitive rates
- **Approval Rate:** Ranks in the top 36% for loan approval success

## Overview

- **Institution Type:** Credit Union
- **LEI (Legal Entity Identifier):** 254900NTAC4H10MGSU23
- **Headquarters:** Cottage Grove, WI
- **Geographic Reach:** Multi-Region
- **States Served:** 7
- **State List:** AZ, CO, FL, IL, MI, MN, WI
- **Markets (MSAs):** 14
- **Primary Channel:** Direct to Consumer
- **Direct Origination:** 100%
- **Brokered/Wholesale:** 0%

## Safe Rate Ratings

### Pricing: Exceptional 🤩
- Score: 88/100
- Rating: ●●●●● (5/5)

### Pull Through: Strong 😀
- Score: 64/100
- Rating: ●●●●○ (4/5)

### Pricing Details
- **Average Rate Spread:** -0.080%
  - *(Average of lender's APR minus market average APR)*
- **Average Net Fees:** $55
  - *(Borrower paid Origination Charges minus Lender Credits)*

### Lending Volume
- **Total Loans:** 2,485
- **Dollar Volume:** $784 million
- **Applications Received:** 4,100
- **Market Share:** 7.00%

## Typical Borrower Profile

- **Average Loan Amount:** $315,451
- **Average Borrower Income:** $144,631

## Safe Rate Awards 🏆

- 💎 **Conventional Diamond Champion** (84%)
- 💎 **Refinance Diamond Champion** (84%)
- ⭐ **Purchase Gold Superstar** (78%)

## Performance by Loan Product

| Product | Score | Volume | Avg Spread | Avg Fees | Rating |
|---------|-------|--------|------------|----------|--------|
| Conventional | 85/100 | 2,428 | -0.078% | $57 | Exceptional 🤩 |
| Jumbo | 78/100 | 57 | -0.468% | $-447 | Strong 😀 |

### Product Performance by Purpose

**Conventional:**
- Purchase: 1,834 loans, Score: 84/100 (Exceptional)
- Refinance: 594 loans, Score: 83/100 (Exceptional)

**Jumbo:**
- Purchase: 49 loans, Score: 78/100 (Strong)

## Performance by Loan Purpose

| Purpose | Score | Volume | Dollar Volume | Avg Spread | Rating |
|---------|-------|--------|---------------|------------|--------|
| Purchase | 82/100 | 1,883 | $643M | -0.082% | Exceptional 🤩 |
| Refinance | 82/100 | 602 | $141M | -0.075% | Exceptional 🤩 |

## State Performance

| State | Volume | Market Share | Place Score |
|-------|--------|--------------|-------------|
| WI | 2,419 | 3.67% | 100/100 |
| IL | 29 | 0.02% | 46/100 |
| MN | 14 | 0.02% | 40/100 |
| FL | 10 | 0.00% | 31/100 |

## Top Metro Markets (MSAs)

| Market | State | Volume | Place Score |
|--------|-------|--------|-------------|
| Madison, WI | WI | 1,027 | 97/100 |
| Non |  | 557 | 72/100 |
| Milwaukee | WI | 505 | 89/100 |
| Janesville | WI | 149 | 92/100 |
| Racine | WI | 39 | 63/100 |
| Fond du Lac, WI | WI | 33 | 66/100 |
| Sheboygan, WI | WI | 27 | 62/100 |
| Green Bay, WI | WI | 20 | 50/100 |
| Appleton, WI | WI | 18 | 48/100 |
| Kenosha, WI | WI | 16 | 50/100 |
| Wausau, WI | WI | 15 | 45/100 |
| Minneapolis | MN-WI | 14 | 41/100 |
| Oshkosh | WI | 11 | 42/100 |
| Rockford, IL | IL | 11 | 42/100 |

## Frequently Asked Questions

### What loan types does Summit Credit Union offer?

Summit Credit Union offers the following mortgage loan types: Conventional, Jumbo. Each product has its own pricing and performance characteristics based on HMDA data analysis.

### Where does Summit Credit Union offer mortgages?

Summit Credit Union offers mortgages in 7 states: AZ, CO, FL, IL, MI, MN, WI.

### How competitive are Summit Credit Union's mortgage rates?

Summit Credit Union has a pricing score of 88/100 (Exceptional), based on analysis of their loan data including average rate spread and fees compared to market benchmarks.
Their average rate spread is 0.080% below market average.

### What type of lender is Summit Credit Union?

Summit Credit Union is a member-owned financial cooperative that typically offers competitive rates to its members, headquartered in Cottage Grove, WI.

### What is Summit Credit Union's loan approval success rate?

Summit Credit Union has a pull-through score of 64/100 (Strong). Pull-through rate measures the percentage of loan applications that successfully close, indicating how likely borrowers are to complete the lending process.

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## Data Attribution

**Source:** Safe Rate (saferate.com)
**Data Basis:** HMDA (Home Mortgage Disclosure Act) filings
**Data Version:** 2024-HMDA
**Last Updated:** 2026-05-29
**Canonical URL:** https://saferate.com/lenders/summit-credit-union

### How to Cite

> "Summit Credit Union Mortgage Lender Profile." Safe Rate, 2026. https://saferate.com/lenders/summit-credit-union

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