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Summit Credit Union company history timeline

1935

The new association held its first meeting on January 27, 1935 in Kansas City, Missouri.

CUNA, Inc. founded CUNA Credit Union, known today as Summit Credit Union, on September 17, 1935 in Madison, Wisconsin to serve the credit union movement and anyone else who was in need of credit union services.

1936

In 1936, the CUNA Supply Cooperative was established to provide advertising materials and supplies to member credit unions.

1937

Filene died in Paris in 1937 before the fruits of his efforts truly blossomed.

1939

In 1939, Madison became CUNA's permanent headquarters.

1950

In 1950, CUNA relocated to new headquarters at 1617 Sherman Avenue.

After the war, credit unions rebound: New York State’s credit unions by 1950 number 790 with $67.6 million in assets and 364,824 members

1954

In its March 1954 newsletter, the Madison Chamber of Commerce and Foundation explained that Filene House was "a living memorial to the organization's founder--Edward A. Filene.

1956

In 1956, Charles F. Eikel, Jr. was named president of CUNA Mutual.

1958

1958: CUNA Mutual's insurance-in-force reaches $4.2 billion, and assets total $25 million.

1959

In addition to life savings and loan protection, by 1959 the organization's offerings included individual life, group life, league group life, home protection, family security, and major medical expense insurance.

1960

In September 1960, it relocated to a $1.5 million, three-story building at 5910 Mineral Point Road in Madison.

1965

In 1965, a Vietnam Provision pertaining to loan protection and life savings contracts was implemented to benefit veterans.

1970

CUNA Mutual had evolved into North America's 15th largest life insurance company, insuring more than 23,700 of the world's credit unions and recording premium income of $117 million in 1970, with $15.5 billion of insurance-in-force.

Founded in 1970, it represented 67 countries and promoted credit unions around the world.

1975

Prior to joining the association in 1975, he was an attorney in Madison.

1976

Insurance-in-force exceeded $34 billion that year, a $5 billion hike from 1976.

1980

1980: CUNA Mutual's campus expands and is renamed the World Credit Union Center.

1986

In the February 17, 1986 issue of the Capital Times, Rob Zaleski described Curry as "an astute, cordial, mild-mannered individual who looks the part of a Wall Street businessman, minus the glitter."

1988

Finally, in May 1988, CUNA Mutual mourned the death of former CEO Charles Eikel, who passed away at the age of 80.

1996

Temporarily replaced by Pete Crear, Swoboda was eventually succeeded in July 1996 by Daniel A. Mica, an insurance trade association executive and former Florida congressman.

In alignment with Kitchen's vision, the company reorganized in 1996.

2002

2002: Total assets reach $2.28 billion.

2005

Post, who was brought in to lead a company restructuring in 2005, is retiring.

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Founded
1935
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Headquarters
Madison, WI
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Zippia gives an in-depth look into the details of Summit Credit Union, including salaries, political affiliations, employee data, and more, in order to inform job seekers about Summit Credit Union. The employee data is based on information from people who have self-reported their past or current employments at Summit Credit Union. The data on this page is also based on data sources collected from public and open data sources on the Internet and other locations, as well as proprietary data we licensed from other companies. Sources of data may include, but are not limited to, the BLS, company filings, estimates based on those filings, H1B filings, and other public and private datasets. While we have made attempts to ensure that the information displayed are correct, Zippia is not responsible for any errors or omissions or for the results obtained from the use of this information. None of the information on this page has been provided or approved by Summit Credit Union. The data presented on this page does not represent the view of Summit Credit Union and its employees or that of Zippia.

Summit Credit Union may also be known as or be related to CUNA Inc, CUNA Inc., SUMMIT CREDIT UNION and Summit Credit Union.