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Summit Credit Union

Engaged Employer

Summit Credit Union reviews

3.8

66% would recommend to a friend

(208 total reviews)

Kim Sponem

75% approve of CEO

65% positive business outlook

Summit Credit Union has an employee rating of 3.8 out of 5 stars, based on 208 company reviews on Glassdoor which indicates that most employees have a good working experience there. The Summit Credit Union employee rating is in line with the average (within 1 standard deviation) for employers within the Financial Services industry (3.7 stars).

Reviews by job title

208 reviews
4.0
Oct 24, 2023
Recommend
CEO approval
Business Outlook

Pros

Good experience for someone who is looking into getting into the banking industry.

Cons

management styles are different within branches, high goals.

1.0
Oct 23, 2023
Recommend
CEO approval
Business Outlook

Pros

I want to be fair and point out that there are a number of good things about working for Summit. -The company has an excellent PTO earning program, they offer good health insurance, and their retirement plan is slightly better than average if you can stick it out for at least five years. -Summit offers tuition reimbursement and will reimburse you for other professional improvement costs such as industry certifications and approved trainings. -The company obviously cares about giving back to the community and will pay you to volunteer. -Summit has a modern HQ building that offers a lot of amenities such as a café, fitness center, meditation rooms, treadmill desks, etc. -The company focuses on hiring diverse talent and has many opportunities throughout the year where staff diversity is recognized and celebrated. -There is a bonus, called the gain share, each year. Usually, the gain share bonus is 3-5% of your yearly salary, though in theory it could be as high as 10-12%. -Many of your coworkers and direct managers will be pleasant people who genuinely want to work with you and see you grow and succeed. -The company does not often fire people and I have never heard of mass layoffs here to save money or balance the budget.

Cons

TL;DR: Summit, specifically the C-suite, Senior VPs, and HR, will lie to you, underpay you, take advantage of you, overwork you, and ignore any feedback that isn’t overwhelmingly positive. Summit's senior leadership expects their employees to live, breathe, and die for the company in exchange for 20% below average wages and a mug with the Summit logo on it. -HR in particular likes to make verbal promises that appear to be in good faith, but when you follow up, HR will ask “do you have that in writing?” or “show me where I promised that”. -Middle and lower-level managers will be ignored when they voice concerns or advocate for their teams. These managers are not given any actual control over their direct reports, team direction, or where they spend their budget. Upper management rules everything with an iron fist through a thin illusion of managerial independence. -Summit does not allow employees to negotiate their hiring salary or benefits. This might not be a problem if they were consistent, but they’re not. Two employees with similar experience hired for the same job will not be paid the same. Often, a candidate who knows somebody higher up in Summit will make substantially more than even their more experienced counterparts. -To cover this, my manager was always sure to remind me “we don’t discuss HR-related information" (really meaning compensation and pay). He would always be sure to remind me verbally as putting this in writing would be illegal. I received this reminder every time I was given a raise or I discussed my pay with my manager. -Summit leadership sets the company's gain share bonus goals each year. In addition to the standard “business growth” goals, there are goals frontline employees have no ability to influence (like employee turnover). That doesn’t stop leadership from blaming their frontline staff when these goals are missed. -Relating to the gain share: Summit leadership likes to brag to staff about how much money is in the gain share pool for bonuses. Just because money is in the pool does not mean it's given to employees. Often the vast majority of funds are not distributed because the business misses some goal set by leadership. -Most days you will feel like Summit is actively trying to run you into the ground and burn you out. Almost every department works more than 40-hour weeks with many topping the 50-hour mark. Salaried employees on teams like Information Security, Application Development, and IT Operations should expect to see at least one 60+-hour week every month or so. -Several managers expressed their views that a 45 to 50-hour week is what they expect to see from their teams during my time there. No allowances are made for incident response, long project workdays, or on-call issues. Working a 14-hour day on Monday does not buy you any leniency on Tuesday or the rest of the week. While this can be an occasional occurrence at many jobs, at Summit it is the norm. -Leadership is constantly telling you to “pace yourself” or to “take some time away if you’re feeling stressed”, but this is undercut by the tremendous workload, a never-ending flood of priority tasks, and emergency changes caused by management’s shortsightedness and lack of planning. When you ask how you’re supposed to take time away, or who will cover your workload, there is never any answer. -Be prepared to hear things like “we have to do more with less”, “sometimes you just need to buckle down”, “you gotta do what you gotta do”, and “I know it’s hard now, but it will get better” just about every day. There are never any slower days. There is never time to catch up on work. The best you can hope for is “I didn’t fall too far behind today.” I found myself working almost every night and weekend to try and catch up or “get a jump” on the next week’s workload. -Regardless of inflation, how good you are at your job, how you improve yourself professionally, or what management may or may not have promised you, raises will not be above 6%. A promotion is not a guarantee of a raise either. Summit likes to hide promotions under the cover of “lateral movement” or will simply not mention pay in hopes the employee will forget about it. -Most responsibility creep results from one “special exception” which then just becomes part of your daily duties. Within six months you’ll likely find your job has expanded to include the work that should be handled by two other people. Summit refuses to spend the money on an appropriately sized staff and everyone besides leadership pays the price. -Summit leadership also likes to “reorganize” departments periodically when problems get too big. This allows them to give everybody a new job title and set of responsibilities. In reality this is an ultimatum: sign the “I’ll do more work for the same money” paperwork or we will consider this your voluntary termination. -Raises are "competitive" within teams. Each year, each team is given enough money for all members to receive a 4ish% raise. For you to receive a 5% raise, somebody else on your team can only get a 3% raise. This turns your coworkers into competitors instead of teammates. -There is no interest from leadership in fixing the company’s mountain of technical debt. There is no desire to address the company-wide morale issues. Middle managers are not given the tools required to retain talented employees in any department and are then blamed for high staff turnover. Summit breeds a toxic work environment where employees cannot trust their managers to get anything done (despite many managers’ sincere desire to make positive changes), employees cannot trust HR to be on their side (because HR only exists to gaslight staff into thinking they’re the problem), and they cannot trust the company to care about them (because leadership only seems to have an interest in keeping “yes men”).

1.0
Oct 19, 2023
Recommend
CEO approval
Business Outlook

Pros

- Fantastic Benefits if you are living in WI, if you are remote good luck - Great for entry level Devs with 0 experience in the workforce. But expect to be overworked. - Great training resources - IT managers are great

Cons

- Compensation, they say they are competitive but anyone can go compare 1 to 1 job title to job title and see they are low balling all positions to pay as little as possible. Most cases are 20k lower then market average. (Developers positions) - Career growth is non existent. They expect that you do 10 times what your job title asks of you to even be considered as a long shot to move up in the company. You will be better off getting a few years experience and then cutting ties and going to a company that has real career growth opportunities. - Company hates remote work culture. They try everything possible to avoid hiring remote positions and try to require hybrid at the least. They will require you to travel back to Madison/Cottage Grove 4+ times per year for an in person meeting that can easily be done remote(it was done remote during the middle of the COVID pandemic). - The C-Suite has no idea how to run a successful Software Engineering department. They try to cut costs everywhere and keep the minimum amount of devs they can to get something done, but expect that this same amount of devs to get done 2 to 3 times what is even reasonable. - Work Life balance is horrible, you are expected to be available at almost all hours to put out fires should any arise, and if you don't dedicate every second of your day to the company its looked down on and you will get reprimanded. - They promote the wrong people, people who only fit a specific mindset and criteria. The people who shouldn't have power to make decisions because they either A. Don't have the knowledge background. B. Don't accept the feedback of their direct reports. or C. Don't understand how a Software Engineering division should run. - Bonuses are tied to goals, most of the time these goals are outrageous. If you are in the IT department you cannot affect this goals directly at all, only indirectly by helping keep the front office running, which is really demoralizing. Goals also should never be changed to be higher then what they were at the start of the year, changing the requirements after a goal is met is demoralizing and alienates your workforce.

Viewing 67 - 69 of 208 Reviews

Glassdoor has 213 Summit Credit Union reviews submitted anonymously by Summit Credit Union employees. Read employee reviews and ratings on Glassdoor to decide if Summit Credit Union is right for you.