The Summit Federal Credit Union


100 Marina Dr
Rochester, NY 14626
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Notable Rates APY Vs.Others
Savings 0.05% 1.65% →
1-Year CD 0.80% 2.02% →
2-Year CD 0.70% 3.00% →
5-Year CD 0.90% 3.35% →
30-Year Mortgage N.A. 6.31% →
15-Year Mortgage N.A. 5.86% →
HELOC N.A. 2.79% →

2022 Overview

General Credit Union Information

The Summit is an NCUA insured institution located in Rochester, NY. It was founded in 1941 and has approximately $1206.94 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 $1,206.94 million
Loans $963.04 million
Deposits $1,086.76 million
Capital $114.49 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 - June 25, 2022

Your Current Location: California, CA 92111

Savings and Money Market Rates (Share Account Rates) APY MIN MAX
0.05% $100 - Learn More
Money Market
0.10% $1,500 - Learn More
Money Market
0.15% $10,000 - Learn More
Money Market
0.25% $25,000 - Learn More
CD Rates (Share Certificate Rates) APY MIN MAX
6 Mo CD
0.35% $500 - Learn More
12 Mo CD
0.55% $500 - Learn More
12 Mo CD
0.80% $75,000 - Learn More
18 Mo CD
0.70% $500 - Learn More
24 Mo CD
0.70% $500 - Learn More
30 Mo CD
0.80% $500 - Learn More
30 Mo CD
0.25% $75,000 - Learn More
36 Mo CD
0.80% $500 - Learn More
48 Mo CD
0.80% $500 - Learn More
60 Mo CD
0.90% $500 - Learn More

Loan Rates - June 25, 2022

Your Current Location: California, CA 92111

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 - California 30 Year Fixed Mortgage Rates 2022

Lender APR Rate (%) Points Fees Monthly
Learn More
Quicken Loans NMLS #3030
NMLS ID: 3030
6.129% 5.990% 1.00 $3,750 $1,498 Learn More

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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:
San Diego,California

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
4.45% 4.85

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, 2021, The Summit had $5,228,592 in non-current loans and $30,450 in owned assets. To cover these potential losses it had $114,487,696 in net worth and $3,748,223 in loans loss reserves. That gives it a Texas Ratio of 4.45%.

Net Worth
The Summit U.S. Average
9.48% 12.36%

The Summit FCU has a net worth of 9.48% versus the BestCashCow average of 12.36. 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

  • 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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