Summit Credit Union (67190), a $8.0B credit union headquartered in Madison, WI, led by CEO Sponem, reported $6.3B in outstanding loans at the end of 2025 Q3, an increase of $487.0M (+8.4%) compared to the same quarter last year.
The credit union's 98.7% loan-to-share ratio indicates aggressive lending relative to deposit base, which may require liquidity management attention. With 255,494 loans outstanding to 273,364 members, the average loan balance stands at $25K.
Taken together: deposit gathering becomes strategic priority for growth.
Portfolio Composition
Summit Credit Union's loan portfolio is dominated by Business Loans, comprising 17.2% of total loans. This diversified approach balances risk across multiple loan categories.
Loan Portfolio Breakdown
| Loan Type | Balance | % of Portfolio |
|---|---|---|
| Business Loans | $1.1B | 17.2% |
| Used Vehicles | $688.8M | 10.9% |
| Indirect Loans | $602.2M | 9.6% |
| Credit Cards | $210.2M | 3.3% |
| New Vehicles | $170.9M | 2.7% |
| Other Unsecured | $66.4M | 1.1% |
Source: NCUA 5300 Call Reports (2025_Q3)
Quarterly Loan Trends
Sustained loan growth of this magnitude typically reflects competitive pricing, expanded indirect lending channels, or successful member acquisition campaigns.
Quarterly Trend
| Period | Total Loans | QoQ Change | Loan/Share |
|---|---|---|---|
| 2024 Q2 | $5.7B | 99.4% | |
| 2024 Q3 | $5.8B | +1.3% | 98.3% |
| 2024 Q4 | $6.0B | +2.6% | 101.0% |
| 2025 Q1 | $6.0B | +1.0% | 98.7% |
| 2025 Q2 | $6.2B | +2.4% | 98.7% |
| 2025 Q3 | $6.3B | +2.2% | 98.7% |
Source: NCUA 5300 Call Reports
Credit Quality & Risk
Summit Credit Union reports $51.4M in loans delinquent 60+ days, representing a 0.82% delinquency rate. This moderate delinquency rate is consistent with industry norms.
Year-to-date net charge-offs of $14.5M represent a 0.23% annualized loss rate. This low charge-off rate indicates strong credit performance.
Historical Context: Since the 2008 Crisis
Summit Credit Union's loan portfolio has grown 1561% since Q3 2008, when the financial crisis was at its peak. At that time, the credit union held $379.1M in loans with a 0.81% delinquency rate.
Today's delinquency rate of 0.82% exceeds crisis-era levels, signaling potential stress in the current lending environment.
Peer Comparison
Among 103 credit unions in its $4.0B–$11.9B asset peer group, Summit Credit Union ranks in the 72nd percentile for loan growth.
Outlook
With strong loan growth momentum, Summit Credit Union appears well-positioned for continued portfolio expansion. Key factors to monitor include deposit growth to fund lending, credit quality trends, and competitive dynamics in the WI market.
Summit Credit Union's Q4 2025 results, expected in early 2026, will provide further insight into whether this growth trajectory can be sustained.
Track This Credit Union
Monitor Summit Credit Union's quarterly loan performance, credit quality metrics, and portfolio composition with Finleet Terminal.
Data Sources: NCUA 5300 Call Reports (2025_Q3), NCUA Historical Data (2007-present), Finleet Proprietary Analysis
Methodology: Year-over-year growth calculated comparing 2025_Q3 to same quarter prior year. Peer groups defined as credit unions within 50% asset range. Delinquency rate calculated as loans 60+ days past due divided by total loans. Crisis comparison uses Q3 2008 as baseline.