100 MARINA DR
Rochester, NY 14626
| 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
Your Current Location: Virginia, VA 20146
| Savings and Money Market Rates (Share Account Rates) | APY | MIN | MAX | |
|---|---|---|---|---|
| Savings
|
0.15% | $100 | - | Learn More |
|
Money Market
|
0.60% | $1,500 | $9,999 | Learn More |
|
Money Market
|
0.70% | $10,000 | $24,999 | Learn More |
|
Money Market
|
0.80% | $25,000 | $49,999 | Learn More |
| Premium Money Market Account
|
0.90% | $1,500 | $74,999 | Learn More |
| Fixed IRA Rates | APY | MIN | MAX | |
|---|---|---|---|---|
|
|
2.45% | $500 | $74,999 | Learn More |
| CD Rates (Share Certificate Rates) | APY | MIN | MAX | |
|---|---|---|---|---|
| 3 Mo CD
|
0.75% | $500 | $74,999 | Learn More |
| 3 Mo CD
|
1.00% | $75,000 | - | Learn More |
|
|
1.30% | $500 | $74,999 | Learn More |
| 6 Mo CD
|
1.55% | $75,000 | - | Learn More |
|
|
2.45% | $500 | $74,999 | Learn More |
| 12 Mo CD
|
2.70% | $75,000 | - | Learn More |
|
|
2.70% | $500 | $74,999 | Learn More |
|
|
2.70% | $500 | $74,999 | Learn More |
| 24 Mo CD
|
2.95% | $75,000 | - | Learn More |
|
|
2.75% | $500 | $74,999 | Learn More |
|
|
2.75% | $500 | $74,999 | Learn More |
| 48 Mo CD
|
2.90% | $500 | - | Learn More |
| 60 Mo CD
|
2.90% | $500 | - | Learn More |
| Variable IRA Rates | APY | MIN | MAX | |
|---|---|---|---|---|
| Var IRA
|
0.90% | $1 | - | Learn More |
| Int Checking Rates | APY | MIN | MAX | |
|---|---|---|---|---|
| Int Ckg
|
0.15% | $1,000 | - | Learn More |
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:
| Lender | APR | Rate (%) | Points | Fees | Monthly Payment |
Learn More |
|---|---|---|---|---|---|---|
NMLS ID: 3030 |
4.500% | 4.500% | 0.00 | $0 | $1,267 | Learn More |
NMLS ID: 3030 |
5.250% | 5.250% | 0.00 | $0 | $1,381 | Learn More |
| Lender | APR (%)? | Monthly Payment? | Learn More |
|---|---|---|---|
PenFed Credit Union |
5.500 %
|
$0 |
Learn More
More Info |
Third Federal Savings and Loans |
4.490 %
|
$0 |
Learn More
More Info |
Note to THE SUMMIT
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:
Ashburn,Virginia
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.
| 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%.
| 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.
A federal credit union, registered with the NCUA under certificate #4580.
Learn more about credit unions here.
No, credit unions are not insured by the FDIC. They are insured by the National Credit Union Administration. The insurance provisions of the NCUA are similar to, but not identical to, FDIC insurance.
Please see Field of Membership information above for information on who is eligible to join.
The Summit has total capital of $89.13 million. Full information on The Summit's financial position is located above.
Credit Unions are owned by their members.
See branch locations nearby.
Compare home equity lines of credit rates here.
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Last Update on June 16, 2019
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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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