THE SUMMIT

100 MARINA DR
Rochester, NY 14626

Overview
Membership
Deposit Rates
Loan Rates
Branches
Financial Details
Reviews

2019 Overview

General Credit Union Information


NCUA Insured	Yes
Charter Number #	# 4580
Date Established	1941
Assets	$901.88 million
Loans	$852.40 million
Deposits	$796.04 million
Capital	$89.13 million

The Summit is an NCUA insured institution located in Rochester, NY. It was founded in 1941 and has approximately $901.88 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

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 - April 21, 2019

Your Current Location: Virginia, VA 20146

Savings and Money Market Rates (Share Account Rates)	APY	MIN	MAX
Savings	0.15%	$100	-	Learn MoreShow Less
Compare with 2.25% APY Platinum Online Savings Account from Northfield Bank \| Advertiser Disclosure
Money Market	0.60%	$1,500	$9,999	Learn MoreShow Less
Money Market	0.70%	$10,000	$24,999	Learn MoreShow Less
Money Market	0.80%	$25,000	$49,999	Learn MoreShow Less
Premium Money Market Account	0.90%	$1,500	$74,999	Learn MoreShow Less

Fixed IRA Rates	APY	MIN	MAX
	2.50%	$500	$74,999	Learn MoreShow Less

CD Rates (Share Certificate Rates)	APY	MIN	MAX
3 Mo CD	0.75%	$500	$74,999	Learn MoreShow Less
3 Mo CD	1.00%	$75,000	-	Learn MoreShow Less
	1.30%	$500	$74,999	Learn MoreShow Less
6 Mo CD	1.55%	$75,000	-	Learn MoreShow Less
	2.50%	$500	$74,999	Learn MoreShow Less
12 Mo CD	2.75%	$75,000	-	Learn MoreShow Less
	2.75%	$500	$74,999	Learn MoreShow Less
	2.75%	$500	$74,999	Learn MoreShow Less
24 Mo CD	3.00%	$75,000	-	Learn MoreShow Less
	2.85%	$500	$74,999	Learn MoreShow Less
	2.85%	$500	$74,999	Learn MoreShow Less
48 Mo CD	3.00%	$500	-	Learn MoreShow Less
60 Mo CD	3.00%	$500	-	Learn MoreShow Less

Variable IRA Rates	APY	MIN	MAX
Var IRA	0.90%	$1	-	Learn MoreShow Less

Int Checking Rates	APY	MIN	MAX
Int Ckg	0.15%	$1,000	-	Learn MoreShow Less

Loan Rates - April 21, 2019

Your Current Location: Virginia, VA 20146

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 - Virginia 30 Year Fixed Mortgage Rates 2019

Lender	APR	Rate (%)	Points	Fees	Monthly Payment	Learn More
NMLS ID: 3030	5.375%	5.375%	0.00	$0	$1,400	Learn More
NMLS ID: 2925 License#: MC-1875	4.030%	4.000%	0.38	$892	$1,194	Learn More

See More Mortgage Rates →

Featured - Virginia Home Equity Line Of Credit Rates 2019

Lender	APR (%)^?	Monthly Payment^?	Learn More
PenFed Credit Union	5.500 %	$0	Learn More More Info
Variable APR of Prime + 0% (Floor 3.75%). APR based on LTV of 80% or lower, for loan amounts $10,000 - $400,000. Save when you borrow from PenFed! Equal housing lender. Available to members online seven days a week, 24 hours a day Federally insured by NCUA
Third Federal Savings and Loans	4.490 %	$0	Learn More More Info
Conditions… Variable APR of Prime minus 1.01% in OH/FL; Prime minus .76% in all other states. Min loan amount $10,000. Max loan amount $150,000. 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

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:
Ashburn,Virginia

The Summit Locations

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
6.91%	7.49

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, 2018, The Summit had $6,297,350 in non-current loans and $50,000 in owned assets. To cover these potential losses it had $89,125,907 in net worth and $2,680,988 in loans loss reserves. That gives it a Texas Ratio of 6.91%.

Net Worth

The Summit	U.S. Average
9.88%	13.61%

The Summit FCU has a net worth of 9.88% versus the BestCashCow average of 13.61. 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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