The Summit Federal Credit Union


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

Notable Rates APY Vs.Others
Savings 0.03% 0.85% →
1-Year CD 0.60% 0.75% →
2-Year CD 0.40% 0.80% →
5-Year CD 0.55% 1.25% →
30-Year Mortgage N.A. 2.72% →
15-Year Mortgage N.A. 2.36% →
HELOC N.A. 2.79% →

2021 Overview

General Credit Union Information

The Summit is an NCUA insured institution located in Rochester, NY. It was founded in 1941 and has approximately $1196.4 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 $1,196.40 million
Loans $913.64 million
Deposits $1,082.53 million
Capital $106.46 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 - October 24, 2021

Your Current Location: Connecticut, CT 06828

Savings and Money Market Rates (Share Account Rates) APY MIN MAX
0.03% $100 - Learn More
Money Market
0.07% $1,500 - Learn More
Money Market
0.10% $10,000 - Learn More
Money Market
0.20% $25,000 - Learn More
CD Rates (Share Certificate Rates) APY MIN MAX
6 Mo CD
0.25% $500 - Learn More
12 Mo CD
0.35% $500 - Learn More
12 Mo CD
0.60% $75,000 - Learn More
18 Mo CD
0.40% $500 - Learn More
24 Mo CD
0.40% $500 - Learn More
30 Mo CD
0.50% $500 - Learn More
30 Mo CD
0.25% $75,000 - Learn More
36 Mo CD
0.50% $500 - Learn More
48 Mo CD
0.50% $500 - Learn More
60 Mo CD
0.55% $500 - Learn More

Loan Rates - October 24, 2021

Your Current Location: Connecticut, CT 06828

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 - Connecticut 30 Year Fixed Mortgage Rates 2021

Lender APR Rate (%) Points Fees Monthly
Learn More
Morty, Inc.
NMLS ID: 1429243
2.816% 2.750% 0.88 $2,145 $1,021 Learn More

Featured - Connecticut Home Equity Line Of Credit Rates 2021

Lender APR (%)? Monthly Payment? Learn More
Bethpage Federal Credit Union
Bethpage Federal Credit Union
See Table
Intro APR
2.990 %
After Intro: 3.750 %
Intro Period: 12 months
$25,000 Learn More
More Info
Third Federal Savings and Loan
Third Federal Savings and Loan
See Table
2.240 %
$0 Learn More
More Info

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



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:

The Summit Locations

Climate 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.

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
1.20% 3.79

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 June 30, 2021, The Summit had $1,285,758 in non-current loans and $30,450 in owned assets. To cover these potential losses it had $106,458,196 in net worth and $3,553,833 in loans loss reserves. That gives it a Texas Ratio of 1.20%.

Net Worth
The Summit U.S. Average
8.89% 12.22%

The Summit FCU has a net worth of 8.89% versus the BestCashCow average of 12.22. Net worth measures how much total assets exceed total liabilities. The higher the net worth number the more secure a credit union is considered.

Frequently Asked Questions About The Summit

Branches and Savings

What is The Summit?

A federal credit union, registered with the NCUA under certificate #4580.
Learn more about credit unions here.

Is The Summit FDIC insured?

No, credit unions are not insured by the FDIC. Most, but not all, are insured by the National Credit Union Administration. The insurance provisions of the NCUA are similar to, but not identical to, FDIC insurance. The Summit is insured by the NCUA.

Who can join The Summit?

Please see Field of Membership information above for information on who is eligible to join.

What are The Summit's share account and share certificate rates?

The Summit's deposit account rates are listed above.
You may find better online savings rates here or better local savings rates at banks or credit unions. Tables with the best CD rates are here.

How big is The Summit?

The Summit has total capital of $106.46 million. Full information on The Summit's financial position is located above.

Who owns The Summit?

Credit Unions are owned by their members.

Where are The Summit branches located?

See branch locations nearby.

Are The Summit ATMs Open 24/7?

Do The Summit ATMs accept cash deposits?

Can The Summit customers use other ATMs? What is the charge for withdrawing money from another ATM?

Does The Summit have a mobile app?

Does The Summit have mobile deposit?

Does The Summit have quick pay?

How can The Summit transfer money to other banks or credit unions?

Does The Summit report to credit bureaus?

Does The Summit use Chexsystems?

Does The Summit use Equifax?

What is The Summit's toll free phone number?

What is The Summit's ACH Routing Number?

What is The Summit's SWIFT code?

Where can I find The Summit's wire transfer form?

What is the The Summit address for deposits?

What Products Does The Summit Offer

Does The Summit offer mortgages?

Compare mortgage rates here.

Does The Summit offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does The Summit offer auto and RV loans?

Compare auto loan rates here.

Does The Summit offer student loans or personal loans?

Compare personal loan rates here.

Customer Reviews for The Summit

  • 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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