The Summit Credit Union

The Summit Credit Union is headquartered in ROCHESTER and is the 23^rd largest credit union in the state of New York. It is also the 300^th largest credit union in the nation. It was established in 1941 and as of December of 2011, it had grown to 223 employees and 74,221 members. The Summit Credit Union's money market rates are 25% higher than the national average, and it boasts a 5-star health rating.

The Summit Credit Union Checking Account Rates

The Summit Credit Union Savings Account Rates

The Summit Credit Union Money Market Rates

The Summit Credit Union CD Rates

Data for Q4 2011

Institution Statistics THE SUMMIT NCUA # 4580 BankRate Report View Year Chartered 1941 Employees 223 Primary Regulator Assets and Liabilities Assets $663.38 million Loans $429.43 million Deposits $584.68 million Equity Capital $61.58 million Loan Loss Allowance $1.65 million Unbacked Noncurrent Loans $1.87 million Real Estate Owned $133,000 Historic Data - December 2010 Assets $624.43 million Equity Capital $61.15 million Loan Loss Allowance $1.58 million Unbacked Noncurrent Loans $1.95 million Real Estate Owned $646,000 Profit Margin - Quarterly Net Interest Margin 4.54% Return on Assets 0.37% Return on Equity 4.01% Interest Income $24.57 million Non-Interest Income $9.28 million

Institution Health Overall Score: 5 out of 5 Texas Ratio The Texas Ratio is an indicator of how much funds a bank has available compared to the total value of loans considered at risk. As of December 31, 2011 The Summit Credit Union had $2 million in non-current loans and owned real-estate with $63.23 million in equity and loan loss allowances on hand to cover it. This gives The Summit Credit Union a Texas Ratio of 3.16% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk. Texas Ratio Trend The Texas Ratio for The Summit Credit Union decreased slightly from 4.14% as of December 31, 2010 to 3.16% as of December 31, 2011, resulting in a positive change of 23.55%.This indicates that the balance sheet and financial strength for The Summit Credit Union has improved slightly in recent periods. Deposit Growth In the past year, The Summit Credit Union has increased its total deposits by $33.45 million, resulting in 6.07% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth The Summit Credit Union has shown is excellent. Capitalization Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. The Summit Credit Union has $663.38 million in assets with $63.23 million in equity, resulting in a capitalization level of 9.53%, which is average.

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