Member Eligibility
Joining the Summit family means becoming part of a warm and supportive community that truly cares about your financial well-being. At Summit, we welcome individuals who live, work, worship, or attend school in our local area, along with their family members. This makes it easier for you to access our tailored services designed just for you! If you're interested in finding out more about the specifics of eligibility, you can explore all the details on our website. We believe that everyone deserves a chance to achieve their financial goals, and we're here to help you every step of the way. Opening an account is a breeze! All you need to do is visit us at our convenient location at 128 College St Oxford Nc 27565, or give us a call at (919) 693-7151 if you have any questions. Whether you're looking for checking and savings accounts, auto loans, or even credit cards with rewards, we're excited to assist you in starting your journey with us. Don't hesitate become a member today and experience the difference that comes with being part of Summit!
Financial Strength
At Summit, financial security is not just a goal it's a promise. Our members count on us for stability, and we take that responsibility seriously. With our strong financial foundation, we are well-equipped to support your needs today and in the future. Performance insights and financial data are sourced from the National Credit Union Administration (NCUA) at: https://www.ncua.gov, based on the latest results. With a net worth of $52,712,822, we maintain strong financial health, allowing us to offer better rates, lower fees, and enhanced member services. Our net worth ratio of 15.27% demonstrates a solid capital foundation, ensuring that we can continue providing loans, competitive savings rates, and uninterrupted services even in uncertain economic times. Members' savings are secured through $44,324,851 in share certificates and $9,482,464 in money market shares, offering stable and rewarding financial growth opportunities. Unlike traditional banks, we prioritize our members. With non-member deposits at $4,628,964, we ensure that our resources are focused on benefiting you through better loan rates, lower fees, and exclusive perks. With $31,998,000 in undivided earnings, we reinvest in innovative banking tools and stronger lending options to serve our members better. Our lending capacity supports members' financial goals across various sectors with $4,704 in used auto loans and a total of $225,465,069 in loans and leases. Our operational efficiency is reflected in our net income of $2,615,816, enabling us to continue offering competitive loan rates and solid financial products for our members. We also take pride in having 101 full-time employees and 9 part-time employees, ensuring our branches are always ready to serve you with a knowledgeable team. Net Shares (Funds available for lending and investments): $0. Total Share Accounts: 62,293, showing a strong and growing member base that trusts us with their finances. Our financial strength means we can continue serving you with confidence. Whether you're saving, borrowing, or planning for the future, Summit is your trusted partner. Visit us at 128 College St Oxford Nc 27565 or call 919-693-7151 to learn more about how we can help you achieve your financial goals.
