The Summit Federal Credit Union

Headquarters

100 Marina Dr
Rochester, NY 14626
See all branch locations →

Notable Rates	APY	Vs.Others
Savings	0.05%	4.66% →
1-Year CD	4.20%	4.59% →
2-Year CD	4.10%	4.25% →
5-Year CD	2.65%	4.20% →
30-Year Mortgage	N.A.	4.91% →
15-Year Mortgage	N.A.	4.39% →
HELOC	N.A.	0.99% →

Overview
Membership
Deposit Rates
Loan Rates
Branches
Climate
Financial Details
FAQs
Reviews

2025 Overview

General Credit Union Information

The Summit is an NCUA insured institution located in Rochester, NY. It was founded in 1941 and has approximately $1374.96 millions in assets.

Who can join?

You're eligible to join if:

You're an employee, retiree, or volunteer of one of The Summit's member companies.

You're related to or share a permanent residence with a Summit member or potential member

You live, work, worship, volunteer, or attend school within the geographic boundaries of one of The Summit's Community Charters:
City of Buffalo
City of Geneva
City of Rochester
City of Syracuse
City of Tonawanda
Town of Amherst
Town of Henrietta
Town of Tonawanda
Cortland County


NCUA Insured	Yes / Federally Chartered
Charter Number #	# 4580
Date Established	1941
Assets	$1,374.96 million
Loans	$1,123.93 million
Deposits	$1,211.05 million
Capital	$147.78 million

Field of Membership Restrictions

Membership in The Summit Federal Credit Union is open to those who live, work, worship, volunteer or attend school in the City of Buffalo, City of Geneva, City of Rochester, City of Syracuse, City of Tonawanda, Town of Amherst, Town of Henrietta, Town of Tonawanda, or Cortland County. Employees, retirees, or volunteers of a member company are also eligible to join, as are the relatives of existing Credit Union members.

Deposit Rates - July 6, 2025

Your Current Location: New York, NY 10116

Savings and Money Market Rates (Share Account Rates)	APY	MIN	MAX
SAV	0.05%	$100	-	Learn More Reviews
Money Market	0.50%	$1,500	$9,999	Learn More Reviews
Money Market	0.80%	$10,000	$24,999	Learn More Reviews
Money Market	1.00%	$25,000	$49,999	Learn More Reviews
Money Market	1.10%	$50,000	-	Learn More Reviews
Money Market	1.20%	$75,000	$149,999	Learn More Reviews
Money Market	1.40%	$150,000	-	Learn More Reviews

CD Rates (Share Certificate Rates)	APY	MIN	MAX
6 Mo CD	3.95%	$500	-	Learn More Reviews
6 Months Jumbo	4.20%	$75,000	-	Learn More Reviews
12 Mo CD	3.95%	$500	-	Learn More Reviews
12 Mo CD	4.20%	$75,000	-	Learn More Reviews
18 Mo CD	3.85%	$500	-	Learn More Reviews
18 Mo CD	4.10%	$75,000	-	Learn More Reviews
24 Mo CD	3.85%	$500	-	Learn More Reviews
24 Months Jumbo	4.10%	$75,000	-	Learn More Reviews
30 Mo CD	3.00%	$500	-	Learn More Reviews
36 Mo CD	3.00%	$500	-	Learn More Reviews
48 Mo CD	2.65%	$500	-	Learn More Reviews
60 Mo CD	2.65%	$500	-	Learn More Reviews

Loan Rates - July 6, 2025

Your Current Location: New York, NY 10116

There are currently no loan rates available for The Summit

Please contact the bank for questions about their loan products. In the meantime you may wish to consider these offerings:

Featured - New York 30 Year Fixed Mortgage Rates 2025

Lender	APR	Rate (%)	Points	Fees	Monthly Payment	Learn More
NMLS ID: 292473	6.357%	6.250%	0.50	$3,633	$1,971	Learn More
NMLS ID: 401822	6.632%	6.500%	0.75	$4,395	$2,023	Learn More
NMLS ID: 3030						Learn More
NMLS ID: 401822						Learn More

See More Mortgage Rates →

Featured - New York Home Equity Line Of Credit Rates 2025

Lender	APR (%)^?	Monthly Payment^?	Learn More
Third Federal Savings and Loan See Table	Intro APR 6.990 % After Intro: 6.990 %	$0	Learn More More Info
Conditions… Variable APR of Prime minus 1.01% in all states. Min loan amount $10,000. Max loan amount $200,000. 30-year term. Annual fee waived for the first year. See conditions for guarantee at thirdfederal.com. Third Federal rate are typically 20% lower than other leaders Guaranteed Lowest Rate No closing costs, prepayment penalties, or minimum draw requirements 10 year draw period
Four Leaf Federal Credit Union See Table	Intro APR 6.490 % After Intro: 7.750 % Intro Period: 12 months	$25,000	Learn More More Info
Rates/terms are subject to change. All offers of credit are subject to credit approval. Applicants may be offered credit at higher rates and other terms. Property insurance (including flood insurance, if applicable) is required. HELOCs not offered in Texas. Membership at FourLeaf is required by opening a minimum $5 share account. Rates shown are based on primary residence, minimum initial draw of $25,000 at account opening, monthly payments via automatic transfers from a FourLeaf checking/savings account, and borrower(s) inputs for credit score and Combined Loan-to-Value. If borrower(s) qualifies for an intro rate, the intro APR is fixed for 12 months. After, standard APR is variable based on the U.S. Prime Rate, plus a margin, and is subject to increase. To obtain an intro rate, borrower(s) must meet credit/loan program requirements, including (but not limited to): 1) maximum CLTV of 75%, 2) minimum credit score of 720 3) initial draw of $25,000 and maintain this balance for 12 months, 4) monthly payments via automatic transfers from a FourLeaf checking/savings account, and 5) have not had an intro rate within the past 5 years. Loan amounts over $500,000 are not available for the intro rate. The standard APR is variable based on the U.S. Prime Rate as published in the Wall Street Journal, plus a margin (if applicable), and is subject to increase after consummation. The current standard APR ranges from 7.50% - 18.00% as of 4/16/2025. Not all applicants will qualify for the lowest rate. The minimum floor APR is 3.25% and maximum is 18%. Prime Rate as of 4/16/2025 = 7.50%. Closing costs for the first $500,000 will be paid by FourLeaf but must be repaid by the borrower(s) if the HELOC is closed within first 36 months of account opening. Fees generally range between $500 - $15,000. Borrower(s) will be responsible for mortgage-related taxes and title insurance costs on the line amounts over $500,000. Fees generally range between $500 -$60,000. Tap into your home's equity & access the funds you need with a HELOC Apply online or speak with a specialist No application, origination & appraisal fees on lines up to $500K[3] On average, access funds within 35 days[5]

See More Home Equity Rates →

Note to The Summit
To upload and update your bank's rates please register. It is free to register and add rates.

Branches

Below are The Summit branches and locations in your neighborhood. Input a different zip code to find branches and locations for any neighborhood in the United States.

Your Location:
New York City,New York

The Summit Locations around zip code 10116

Branch	Distance	Map	View Lobby Hours
CORTLAND	173.84	A	View Lobby Hours
SUNY Cortland	174.27	B	View Lobby Hours
ERIE	196.76	C	View Lobby Hours
GENESEE	197.25	D	View Lobby Hours
Cicero	203.23	E	View Lobby Hours
LIVERPOOL	205.07	F	View Lobby Hours
SENECA FALLS	212.06	G	View Lobby Hours
Perinton Branch	244.23	H	View Lobby Hours
BRIGHTON	252.16	I	View Lobby Hours
City of Rochester	252.64	J	View Lobby Hours
HENRIETTA	253.23	K	View Lobby Hours
IRONDEQUOIT	256.90	L	View Lobby Hours
The Summit FCU	259.71	M	View Lobby Hours
GREECE	259.71	N	View Lobby Hours
HILTON	268.23	O	View Lobby Hours
CLARENCE	294.64	P	View Lobby Hours
DELAWARE	300.41	Q	View Lobby Hours
Camillus	1287.88	R	View Lobby Hours

View Branches Nationwide →

Climate Policy and Initiatives

THE SUMMIT is encouraged to provide us with this information. When we receive this information from the credit union, we will provide it here.

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Financial Details

The Summit Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of The Summit. The data is provided by the NCUA. All credit unions on BestCashCow, except those specified as not NCUA-insured in the overview section above, are NCUA-insured. Depositors should be careful to remain within NCUA insurance limits.

Texas Ratio

The Summit	U.S. Average
6.99%	7.07

The Texas Ratio compares the amount of loans at risk and assets repossessed with the amount a credit union has on hand to cover any losses. The closer the Texas Ratio is to 1-to-1 or 100%, the less capital and reserves a credit union has to absorb its loan losses.

As of December 31, 2024, The Summit had $10,575,445 in non-current loans and $51,818 in owned assets. To cover these potential losses it had $147,775,847 in net worth and $4,310,192 in loans loss reserves. That gives it a Texas Ratio of 6.99%.

Net Worth

The Summit	U.S. Average
10.74%	14.25%

The Summit FCU has a net worth of 10.74% versus the BestCashCow average of 14.25. Net worth measures how much total assets exceed total liabilities. The higher the net worth number the more secure a credit union is considered.

Customer Reviews for The Summit

ashes201@verizon.net

April 12, 2019

Your website states 11 months IRA CD at 3% but when I called in morning, I was told that it expired on 4/10. please update your website.

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