Summit Credit Union is headquartered in Greensboro and is the 17th largest credit union in the state of North Carolina. It is also the 931st largest credit union in the nation. It was established in 1935 and as of December of 2022, it had grown to 102 employees and 36,109 members at 8 locations. Summit Credit Union's money market rates are 2X the national average, and it has an A health rating.
Field of Membership Restrictions
Membership is open to employees and retirees of Wake Forest University, Wake Forest University Baptist Medical Center, Wake Forest University School of Medicine, and over 200 Select Employer Groups.
See current membership details
not too bad
I like my credit union for the most part. I hate the customer service on the phone since it never works and I always have to speak with an operator and the website is down a lot but the fees are great and the options are pretty good. Overall I am satisfied with summit credit union. I think there is much room for improvement but I prefer it over my current bank. the operators always help but the automated system never works. I like that there are many ways to help build credit and I like all of the people I have met at my credit union. I intend to stay with them. I think credit unions have a slight edge over normal banks in my opinion
Health Grade Components
| Overall | |
|---|---|
| NCUA # | 63020 |
| Year Chartered | 1935 |
| Employees | 102 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.78% |
| Return on Equity - YTD | 6.78% |
| Annual Interest Income | $12.7MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q4 2022vs Q4 2021 | $336.6MM$337.6MM |
| Loans | Q4 2022vs Q4 2021 | $193.8MM$181.8MM |
| Deposits | Q4 2022vs Q4 2021 | $294.3MM$293.0MM |
| Equity Capital | Q4 2022vs Q4 2021 | $39.1MM$42.2MM |
| Loan Loss Allowance | Q4 2022vs Q4 2021 | $1.1MM$832.00K |
| Unbacked Noncurrent Loans | Q4 2022vs Q4 2021 | $725.00K$925.00K |
| Real Estate Owned | Q4 2022vs Q4 2021 | $0$0 |