Summit Credit Union
Popular Accounts at this Credit Union
| APY | ACCOUNT TYPE | HOW THEY COMPARE |
|---|---|---|
| 1.15% | 1-year CD | 2.75% - Barclays 12 Month Online CD |
| 0.15% | Savings | 0.26% - National Average |
| 1.35% | 3-year CD | 2.85% - Barclays 36 Month Online CD |
Summit Credit Union is headquartered in Greensboro and is the 16th largest credit union in the state of North Carolina. It is also the 881st largest credit union in the nation. It was established in 1935 and as of December of 2018, it had grown to 103 employees and 37,463 members at 6 locations. Summit Credit Union's money market rates are 70% higher than the national average, and it boasts 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 | 103 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.79% |
| Return on Equity - YTD | 5.85% |
| Annual Interest Income | $12.0MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q4 2018vs Q4 2017 | $260.5MM$235.2MM |
| Loans | Q4 2018vs Q4 2017 | $177.8MM$163.0MM |
| Deposits | Q4 2018vs Q4 2017 | $225.2MM$201.7MM |
| Equity Capital | Q4 2018vs Q4 2017 | $33.3MM$30.5MM |
| Loan Loss Allowance | Q4 2018vs Q4 2017 | $1.6MM$1.3MM |
| Unbacked Noncurrent Loans | Q4 2018vs Q4 2017 | $785.00K$1.3MM |
| Real Estate Owned | Q4 2018vs Q4 2017 | $0$0 |
Always verify rates and promotions with the bank or credit union. We are not Summit Credit Union; we are a rate comparison website and cannot provide official rates or promotions.
Summit Credit Union Savings Account Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 0.75% | $100 | - | IRA Accumulator | |
| 0.25% | $100 | - | Christmas Club | |
| 0.25% | $5 | - | Kirby Kangaroo | |
| 0.15% | $100 | - | Membership Savings | |
| 0.15% | $100 | - | Additional Savings |
Summit Credit Union Money Market Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 0.75% | $10k | - | Money Market Investor | |
| 0.50% | $1k | - | Money Market |
Summit Credit Union CD Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 2.25% | $10k | - | 39 Month Jumbo CD Special | |
| 2.00% | $10k | - | 27 Month Jumbo CD Special | |
| 1.75% | $10k | - | 36 Month Jumbo CD | |
| 1.75% | $500 | - | 39 Month CD Special | |
| 1.75% | $10k | - | 15 Month Jumbo CD Special | |
| 1.50% | $10k | - | 24-35 Month Jumbo CD | |
| 1.50% | $500 | - | 27 Month CD Special | |
| 1.35% | $500 | - | 36 Month CD | |
| 1.35% | $10k | - | 12-23 Month Jumbo CD | |
| 1.35% | $500 | - | 15 Month CD Special | |
| 1.25% | $500 | - | 24-35 Month CD | |
| 1.25% | $10k | - | 6-11 Month Jumbo CD | |
| 1.15% | $500 | - | 12-23 Month CD | |
| 1.00% | $500 | - | 6-11 Month CD |
Summit Credit Union IRA Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 2.25% | $10k | - | 39 Month Jumbo IRA Special | |
| 2.00% | $10k | - | 27 Month Jumbo IRA Special | |
| 1.75% | $10k | - | 36 Month Jumbo IRA | |
| 1.75% | $10k | - | 15 Month Jumbo IRA Special | |
| 1.75% | $500 | - | 39 Month IRA Special | |
| 1.50% | $10k | - | 24-35 Month Jumbo IRA | |
| 1.50% | $500 | - | 27 Month IRA Special | |
| 1.35% | $500 | - | 36 Month IRA | |
| 1.35% | $10k | - | 12-23 Month Jumbo IRA | |
| 1.35% | $500 | - | 15 Month IRA Special | |
| 1.25% | $500 | - | 24-35 Month IRA | |
| 1.25% | $10k | - | 6-11 Month Jumbo IRA | |
| 1.15% | $500 | - | 12-23 Month IRA | |
| 1.00% | $500 | - | 6-11 Month IRA |
| Summit Credit Union Locations | ||
|---|---|---|
| Branch Office | 102 1st Ave NE | Hickory, NC 28601-6224 |
| Branch Office | 800 Summit Ave | Greensboro, NC 27405 |
| Branch Office | 8210 W Market St | Greensboro, NC 27409 |
| Branch Office | 3840 Ed Dr Ste 100 | Raleigh, NC 27612-8097 |
| Branch Office | 1100 S Stratford Rd Ste 400B | Winston Salem, NC 27103-3217 |
| Branch Office | 128 College St | Oxford, NC 27565 |