Summit and GMCU complete merger

Madison-based Summit Credit Union and West Allis-based Greater Milwaukee Credit Union have completed their merger.

The merger, announced in September, integrates GMCU’s $14 million in assets and 2,000 members. Summit now has total assets of $1.9 billion and more than 136,000 members across the state.

GMCU members are now part of Summit, and can use the credit union’s 28 branches and several Shared Service Center Network locations in the Milwaukee and Madison markets. They will also have access to Summit’s phone and web account services.

Summit Credit Union signs will replace GMCU signs at its one West Allis location on March 3.

Lori Pook, former chief executive officer of GMCU, will become assistant vice president—enterprise risk management at Summit. Kim  Sponem remains president and CEO of Summit. No other changes were made to the labor force.

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