The Summit Federal Credit Union

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A short history of The Summit FCU

Since its inception in 1941 the The Summit Federal Credit Union has been serving its members in the ROCHESTER, New York area with exceptional financial products. You can find their current interest rates on used car loans, new car loans, 1st mortgage loans and interest rates on both fixed and adjustable mortgages here on these pages. Currently led by MIKE VADALA, the The Summit FCU has grown its membership to over 83,306 with assets of more than $878,871,814. They have a main office and 17 branch offices. Please see the credit unions website or contact them by phone at (585) 453-7000 or email them at mservice@summitfcu.org to get exact details . There are many other credit unions in the local area. See them all here. Credit Unions in ROCHESTER, NY.

General Information For The Summit FCU was taken from their 6/30/2017 quarterly report, which is the most current available public information.

Charter Number 4580
Address 100 MARINA DR 
City ROCHESTER 
State New York 
Zip-Code 14626
Phone Number (585) 453-7000
Fax Number (585) 453-7039
Email Address: mservice@summitfcu.org
CEO/President MIKE VADALA
Members 83,306 
Full-Time Employees 212 
Part-Time Employees 13 
Number of Branch Offices 17 
Total Assets 878,871,814 
Website http://WWW.SUMMITFCU.ORG 

Compare The Summit Federal Credit Union To Other Local Credit Unions


Credit Union Name
Branch Name
Address
Zip Code
Phone Number
ATM Access
Distance (Miles)
Greece Community CU Greece Community FCU 1795 English Rd 14616 (585) 865-2560 No 1.93
Lexington Avenue CU Lexington Ave Federal Credit Union 1275 Lexington Ave 14606 (585) 254-4543 No 3.62
Spencerport CU Main Office 2775 Spencerport rd 14559 (585) 352-6890 No 3.89
Focus First CU main 1546 Lyell Ave 14606 (585) 458-9220 No 4.32
Advantage CU Highland Hospital 1000 South Ave 14624 (585) 454-5900 No 4.67

The Summit Federal Credit Union Financial Performance Charts


Performance Charts

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Financial Data


The Summit Federal Credit Union Lowest Loan Rates With State and USA Rankings

Unsecured Credit Card New Car Loans Used Car Loans 1st Mortgage Loans Other Real Estate
Rate 8.40 3.95 3.95 3.25 4.25
Mean Rate For All USA Based Credit Unions 10.56 3.72 5.00 4.48 4.95
Rank Among All USA Credit Unions 115 270 195 44 132
Rank Among All New York Credit Unions 14 104 61 11 39

The Summit Federal Credit Union Highest Deposit Rates With State and USA Rankings

Checking Regular Savings Money Market Certificates of Deposits IRA/KEOGH
Rate 0.05 0.05 0.23 1.05 0.85
Mean Rate For All USA Based Credit Unions 0.19 0.26 0.29 0.73 0.66
Rank Among All USA Credit Unions 125 143 109 166 178
Rank Among All New York Credit Unions 19 38 29 31 40
The Summit Federal Credit Union Loans and Leases

Interest Rate Number of Loans Amount
Unsecured Credit Card Loans 8.40020,38229,021,143
All Other Unsecured Loans/Lines of Credit 16.95019,82223,016,790
Short-Term, Small Amount Loans (STS) (Federal CU Only) 0.00000
Non-Federally Guaranteed Student Loans 0.00000
New Vehicle Loans 3.95011,250266,549,626
Used Vehicle Loans 3.95013,977204,035,086
Total 1st Mortgage Real Estate Loans/Lines of Credit 3.2502,826176,933,374
Total Other Real Estate Loans/Lines of Credit 4.2503,82487,301,277
Leases Receivable 0.00000
Total All Other Loans/Lines of Credit 3.250163796,345
TOTAL LOANS & LEASES 72,244787,653,641

The Summit Federal Credit Union Real Estate Loans and Lines of Credit

REAL STATE LOANS FIRST MORTGAGE

No. of Loans Outstanding Amt of Loans Outstanding No. of Loans Granted Year- to-Date Amount Granted Year-To-Date
Fixed Rate
    a. > 15 years 79678,075,289729,698,425
    b. 15 Years or less 1,16466,610,849736,769,820
Balloon/Hybrid
    a. > 15 years 0000
    b. 15 Years or less 0000
Other Fixed Rate 0000
Adjustable Rate 1 yr or less 86632,247,236453,100,151
Adjustable Rate > 1 yr 0000

OTHER REAL ESTATE

Closed-End Fixed Rate 67515,270,679351,389,600
Closed-End Adjustable Rate 3407,044,083125,800
Open-End Adjustable Rate 2,80964,986,5152078,337,630
Open-End Fixed Rate 0000
TOTALS 6,650264,234,65143329,321,426

MISCELLANEOUS REAL ESTATE LOANS/LINES OF CREDIT INFORMATION

Interest Only & Payment Option 1st Mortgage Loans 000
Interest Only & Payment Option Other RE/LOC Loans 18,0000
REVERSE MORTGAGES
    a. Federally Insured Home Equity Conversion Mortgage (HECM) 0000
    b. Proprietary Reverse Mortgage Products 0000

The Summit Federal Credit Union Member Offerings
First Time Homebuyer Program Yes
Real Estate Loans Yes
Pay Day Lending No
Share Secured Credit Cards No
Overdraft Protection/Courtesy Pay Yes
Overdraft Lines of Credit Yes
ATM/Debit Card Program Yes
Interest Only and Payment Option 1st Mortgage Loans No
Check Cashing Yes
Money Orders Yes
No Surcharge ATMs Yes
Home Banking Via Internet Website Yes