Overview / Commentary
8210 W Market St
Greensboro, NC 27409

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

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 - YTD0.79%
Return on Equity - YTD5.85%
Annual Interest Income$12.0MM
Assets and Liabilities
AssetsQ4 2018vs Q4 2017$260.5MM$235.2MM
LoansQ4 2018vs Q4 2017$177.8MM$163.0MM
DepositsQ4 2018vs Q4 2017$225.2MM$201.7MM
Equity CapitalQ4 2018vs Q4 2017$33.3MM$30.5MM
Loan Loss AllowanceQ4 2018vs Q4 2017$1.6MM$1.3MM
Unbacked Noncurrent LoansQ4 2018vs Q4 2017$785.00K$1.3MM
Real Estate OwnedQ4 2018vs Q4 2017$0$0
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Summit Credit Union Savings Account Rates

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

0.75%$10k-Money Market Investor
0.50%$1k-Money Market

Summit Credit Union CD Rates

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

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 Office102 1st Ave NEHickory, NC 28601-6224
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

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