Applications / Mortgage Analytics / Lenders / Wisconsin / Summit Credit Union
Cottage Grove, WI · Credit union · NCUA · $8.1 billion assets · 11,414 loans in 2025
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11,414
loans originated, 2025
15,649
applications, 2025
7
states and territories
0
gaps bigger than at similar lenders
Our analysis, 2025
Summit Credit Union remains the largest mortgage lender in Madison, WI, and its originations rose 15% in 2025, faster than the 10% for similar credit unions and the whole market.
Summit Credit Union made 11,414 loans in 2025, up from 9,929, against 16,660 five years earlier. Its growth was higher than about two-thirds of similar lenders (credit unions making between half and twice as many loans). Refinance made up 37.7% of its loans, so the rebound may reflect members refinancing as its typical rate eased from 7.25% to 6.75%.
Home improvement loans were 19.2% of its lending and its typical loan was $105,000, lower than about four in five similar lenders. Every loan was conventional, with no FHA (insured by the Federal Housing Administration) or VA (guaranteed by the Department of Veterans Affairs) lending. That may suggest a lender serving existing owners' equity needs more than first-time buyers.
It ranks 1 of 380 lenders in Madison with 13.7% of the market, down 0.2 points, ahead of UW Credit Union at $856.6M. It is second in Milwaukee-Waukesha and lost 0.9 points in Racine-Mount Pleasant.
Its 11.1% of loans in LMI (low- and moderate-income) tracts was lower than nearly nine in ten similar lenders, and its 4.0% in majority-minority tracts was among the lowest tenth. The makeup of the Wisconsin markets it mainly serves, such as Madison and non-metro Wisconsin, could explain much of this.
Questions the data can answer next
Similar lenders: same lender type, originations between half and twice the lender's in the data year. Written from the 2025 HMDA data and checked figure by figure against it.
FIG. 1 — LOANS ORIGINATED, 2018–2025
Originated means the loan was made: applications denied, withdrawn or not accepted are not counted. Summit Credit Union took 15,649 applications in 2025.
SOURCE: FFIEC HMDA, LOANS ORIGINATED (ACTION TAKEN: LOAN ORIGINATED)
FIG. 2 — PRODUCT MIX, 2025
Refinance 37.7% · Purchase 26.2% · Home improvement 19.2% · Other 16.9%
Conventional 100.0% · of 11,414 loans. Purchase: buying a home. Refinance: replacing an existing mortgage, including cash-out. FHA: insured by the Federal Housing Administration. VA: guaranteed by the Department of Veterans Affairs. Conventional: neither.
SOURCE: FFIEC HMDA 2025, LOANS ORIGINATED
Where it lends, 2025
| State | Loans | Share |
|---|---|---|
| Wisconsin | 11,322 | 99.2% |
| Illinois | 46 | 0.4% |
| Minnesota | 14 | 0.1% |
| Florida | 13 | 0.1% |
| Michigan | 8 | 0.1% |
| Colorado | 6 | 0.1% |
| Arizona | 5 | 0.0% |
Largest metro areas, 2025
| Metro area | Loans |
|---|---|
| Madison | 4,944 |
| Milwaukee-Waukesha | 2,813 |
| Janesville-Beloit | 579 |
| Racine-Mount Pleasant | 181 |
| Sheboygan | 118 |
| Green Bay | 98 |
| Fond du Lac | 89 |
| Kenosha | 80 |
| Wausau | 55 |
| Oshkosh-Neenah | 29 |
Identifiers
| LEI (Legal Entity Identifier, the global company code HMDA has used since 2018) | 254900NTAC4H10MGSU23 | 2018–2025 |
| RSSD (the Federal Reserve's identifier for banks and their parents) | 734499 | 2004–2023 |
| Respondent ID (the HMDA filer code before 2018) | 567190 | 1990–2017 |
Established 1 January 1935. Reported under HMDA 1991-2025.
Mergers, name changes, data editions and corrections: Summit Credit Union's data.
Summit Credit Union's data
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