Summit Credit Union

Overview / Commentary
8210 W Market St
Greensboro, NC 27409

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

Reviews (1)

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

NCUA #63020
Year Chartered1935
Primary Regulator
Profit Margin
Return on Assets - YTD0.78%
Return on Equity - YTD6.78%
Annual Interest Income$12.7MM
Assets and Liabilities
AssetsQ4 2022vs Q4 2021$336.6MM$337.6MM
LoansQ4 2022vs Q4 2021$193.8MM$181.8MM
DepositsQ4 2022vs Q4 2021$294.3MM$293.0MM
Equity CapitalQ4 2022vs Q4 2021$39.1MM$42.2MM
Loan Loss AllowanceQ4 2022vs Q4 2021$1.1MM$832.00K
Unbacked Noncurrent LoansQ4 2022vs Q4 2021$725.00K$925.00K
Real Estate OwnedQ4 2022vs Q4 2021$0$0
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Summit Credit Union Savings Account Rates

1.00%$100-IRA Accumulator
0.50%$100-Christmas Club
0.50%$5-Kids Club
0.05%$100-Membership Savings
0.05%$100-Special Savings

Summit Credit Union Money Market Rates

1.00%$10k-Money Market Investor
0.60%$1k-Money Market

Summit Credit Union CD Rates

4.25%$10k-15 Month Jumbo CD Special
4.25%$10k-27 Month Jumbo CD Special
4.00%$10k-39 Month Jumbo CD Special
3.00%$500-15 Month CD Special
3.00%$500-27 Month CD Special
2.75%$500-39 Month CD Special
2.25%$10k-36 Month Jumbo CD
2.00%$500-36 Month CD
2.00%$10k-24-35 Month Jumbo CD
1.75%$500-24-35 Month CD
1.75%$10k-12-23 Month Jumbo CD
1.50%$500-12-23 Month CD
1.50%$10k-6-11 Month Jumbo CD
1.25%$500-6-11 Month CD

Summit Credit Union IRA Rates

4.25%$10k-15 Month Jumbo IRA Special
4.25%$10k-27 Month Jumbo IRA Special
4.00%$10k-39 Month Jumbo IRA Special
3.00%$500-15 Month IRA Special
3.00%$500-27 Month IRA Special
2.75%$500-39 Month IRA Special
2.25%$10k-36 Month Jumbo IRA
2.00%$500-36 Month IRA
2.00%$10k-24-35 Month Jumbo IRA
1.75%$500-24-35 Month IRA
1.75%$10k-12-23 Month Jumbo IRA
1.50%$500-12-23 Month IRA
1.50%$10k-6-11 Month Jumbo IRA
1.25%$500-6-11 Month IRA

Summit Credit Union Locations
Branch Office102 1st Ave NEHickory, NC 28601-6207
Branch Office800 Summit AveGreensboro, NC 27405
Branch Office8210 W Market StGreensboro, NC 27409
Branch Office3840 Ed Dr Ste 100Raleigh, NC 27612-8097
Branch Office1100 S Stratford Rd Ste 400BWinston Salem, NC 27103-3217
Branch Office128 College StOxford, NC 27565
Branch Office1743 Westchester DrHigh Point, NC 27262
Branch Office2917 S Elm Eugene StGreensboro, NC 27406

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