Summit Credit Union Raleigh NC | Low Mortgage Rates & Auto Loans

Introduction

Welcome to Summit Credit Union, your trusted financial partner located at 3840 Ed Dr Ste 100, Raleigh, NC 27612. Since our founding in 1935, we have proudly served our community with a commitment to providing exceptional banking services tailored to your needs. With a robust membership of over 32,000 and total assets exceeding $344 million, we are dedicated to helping you achieve your financial goals. At Summit Credit Union, we understand that every member's journey is unique. That's why we offer a range of services from personal banking, including checking and savings accounts, to auto loans, mortgages, and credit cards with rewards. Whether you're looking to consolidate debt or finance your next vehicle, our experienced team is here to guide you every step of the way. While you can visit us at our Raleigh branch for all your banking needs, official correspondence can be sent to our mailing address at 8210 W Market St, Greensboro, NC 27409. Our leadership team, led by CEO Samuel Whitehurst and Board President Jack Thornton, is passionate about fostering a supportive environment for our members. With a dedicated staff of 110 employees, we strive to create meaningful connections within the community and ensure that your experience with us is nothing short of excellent. With total deposits reaching $14.98 million and cash in hand amounting to $2 million, you can trust that your finances are in safe hands. Join us today and discover the difference of being part of a credit union that truly cares about its members. Feel free to reach out to us at 919-571-0767 for any inquiries or visit our website at Summit Credit Union for more information. We're excited to serve you!

Branch History & Mission

Welcome to Summit Credit Union, a cornerstone of financial support and community service in Raleigh, North Carolina. Established in 1935, our branch has proudly served the local community for over eight decades, evolving alongside the needs of our members. Today, we continue to stand strong with a total membership of over 32,000 individuals who trust us for their financial needs. Our branch is conveniently located at 3840 Ed Dr Ste 100, Raleigh, NC 27612, an area that thrives with local businesses and vibrant neighborhoods. Whether you're stopping by for personal banking or seeking advice on loans and mortgages, we are here to help you navigate your financial journey. While members can visit us at this address, official correspondence should be sent to our mailing address at 8210 W Market St, Greensboro, NC 27409. At Summit Credit Union, our mission is clear: we strive to provide exceptional financial services while fostering a sense of community. We offer a range of products including checking and savings accounts, auto loans, mortgage refinancing options, personal loans, and business banking services. Our commitment extends beyond just banking; we aim to empower our members through education and support that promotes financial wellness. Over the years, we have achieved significant milestones. With total assets now exceeding $344 million, we have maintained our commitment to growth and stability. Our focus on digital advancements means that our members enjoy convenient online and mobile banking services tailored to their busy lives. We also prioritize accessibility with ADA compliance throughout our facilities. Our community outreach initiatives are an integral part of who we are. We partner with local organizations to support various causes and encourage volunteerism among our staff. This dedication not only strengthens ties within the community but also enriches the lives of those we serve. As we look to the future, we invite you to join Summit Credit Union. Experience firsthand the benefits of becoming a member of an institution that truly cares about your financial health and well-being. Connect with us today at 919-571-0767 or visit summitcu.org to learn more about how we can help you achieve your financial goals!

Branch Location & Accessibility

Operating Hours

We invite you to visit us during our lobby hours: Monday through Thursday from 8:30 AM to 5:00 PM, and on Fridays until 6:00 PM. Whether you're looking to open a new account or discuss loan options, our dedicated team is here to help.

Services Offered

At Summit Credit Union, we offer a variety of personal banking services including checking and savings accounts, auto loans, mortgage loans, credit cards with rewards, and business banking solutions. While we do not have ATM or drive-thru services available at this location, we partner with other credit unions for shared services that allow basic transactions such as deposits and withdrawals for their members. If you have any questions or would like more information about what we offer, please feel free to reach out at 919-571-0767. We're excited to serve you and look forward to seeing you soon!

Member Eligibility

At Summit, we believe that everyone deserves a chance to be part of a caring community that supports their financial journey. Becoming a member is simple and welcoming! If you live, work, worship, or attend school in the Raleigh area, you're likely eligible to join us. We strive to create an inclusive environment where all members can access valuable resources and services tailored to your needs. To learn more about the specific eligibility requirements, feel free to visit our detailed page at . Joining Summit opens the door to a range of financial benefits designed just for you. From personal banking solutions like checking and savings accounts to auto loans and credit cards with rewards, we are here to help you thrive financially. Ready to start your membership journey? It's easy! Just give us a call at (919) 571-0767, or stop by our branch located at 3840 Ed Dr Ste 100 Raleigh Nc 27612 during lobby hours: Monday through Thursday from 8:30 AM to 5:00 PM, and Friday from 8:30 AM to 6:00 PM. We can't wait to welcome you into our family!

Business Banking & Commercial Services

Merchant Services That Make a Difference

Imagine running your operations smoothly, knowing you have reliable merchant services at your fingertips. At Summit, we provide businesses with essential tools to accept payments efficiently, ensuring you never miss out on sales. With easy-to-use payment processing options, your customers can pay however they prefer making it simple for them and beneficial for you. With an outstanding commercial loan portfolio of $0, we continue to drive economic growth by financing new and expanding businesses. Visit us at 3840 Ed Dr Ste 100 Raleigh Nc 27612 in Raleigh, NC, or give us a call at (919) 571-0767 to learn how we can support your business journey today!

Tailored Lending Options

Our commitment to supporting businesses is evident, with investments in business growth through our commercial lending programs: - We've funded over $0 in commercial loans for our members, helping businesses scale and succeed. - We also support the broader business community with $40 in non-member commercial loans, providing flexible financing solutions.

Comprehensive List Of Services

ATM & Cash Withdrawal Services

While we currently do not have ATMs at our branch location, we ensure that cash withdrawal services are easily accessible through shared service centers and partner networks.

Auto Loans & Vehicle Financing

Thinking about buying a new car? Our Auto Loans & Vehicle Financing options are tailored to meet your needs. With competitive rates and flexible terms, you'll find the perfect plan that allows you to drive away in your dream vehicle without breaking the bank.

Business Banking

If you're an entrepreneur or small business owner, our Business Banking services can support your growth. From Merchant Services to Business Loans, we provide the resources necessary to help your business thrive in today's competitive market.

Credit Cards with Rewards

Looking for more from your credit card? With our Credit Cards featuring rewards programs, every purchase can bring you closer to exciting rewards like travel, merchandise, or cashback. It's not just spending; it's earning while you shop!

Mortgage Loans & Refinancing

Buying a home is one of the biggest decisions you'll ever make. At Summit, we offer Mortgage Loans & Refinancing solutions that help simplify this process. Our knowledgeable staff can guide you through every step, ensuring you find a mortgage that works for your budget and future plans.

Online & Mobile Banking

In today's fast-paced world, convenience matters. That's why Summit offers robust Online & Mobile Banking features. Access your accounts anytime, anywhere whether you're checking balances on the go or transferring money between accounts at home.

Personal Banking

Managing your day-to-day finances is made easy with our personal banking services. We offer Checking & Savings Accounts that fit your lifestyle, giving you the flexibility to access your funds when you need them. Imagine having a savings account that grows with you, helping you reach that dream vacation or unexpected expense without any hassle.

Personal Loans & Debt Consolidation

Need some extra cash for an important project or want to consolidate debt? Our Personal Loans & Debt Consolidation options allow you to take control of your financial situation. Picture being able to manage multiple payments into one simple monthly installment, making life just a little easier.

Shared Branch Transactions

As part of our commitment to community banking, we also offer Basic Shared Branch Transactions for deposits and withdrawals for members of partner credit unions. This ensures that even if you're away from home, managing your finances remains simple and straightforward. At Summit, we're here for all of your financial needs. Our friendly team is ready to assist you in navigating through these options and finding what best suits your individual circumstances. Reach out today at (919) 571-0767 or visit us at 3840 Ed Dr Ste 100 Raleigh Nc 27612 in Raleigh, NC! Your journey towards better financial health starts here!

Digital & Online Banking

Convenient Features for Everyday Banking

Our online banking services come packed with features that make it simple to stay on top of your finances. You can view your account balances, check recent transactions, and transfer funds all from the comfort of your home or while on the go. Plus, with our electronic signature authorization, signing documents is a breeze no more printing and scanning required!

Go Green with E-Statements

If you're looking to cut down on paper clutter, you'll love our e-statements feature. Not only does this help the environment, but it also gives you quick access to your financial statements whenever you need them. Just log in to your account, and they're right there!

Mobile Banking Made Easy

For those who prefer banking on their smartphones, our mobile application provides all the tools you need at your fingertips. You can make person-to-person transfers easily or set up mobile payments to simplify how you shop and pay bills. Whether you're out running errands or enjoying a day off, managing your money has never been more convenient. With all these user-friendly features available through Summit, staying connected to your finances is secure and straightforward. Our commitment to accessibility means you can manage your accounts confidently, knowing that security measures are in place to protect your information. Experience the ease of digital banking today by visiting us at https://www.summitcu.org/ !

Financial Strength

Commitment to Growth

With $31,998,000 in undivided earnings, we reinvest in innovative banking tools, stronger lending options, and enhanced security measures to serve our members better. Our lending capacity supports your financial goals with $4,704 in used auto loans and $225,465,069 in total loans and leases. Our $2,615,816 reflects our operational efficiency, enabling us to continue offering competitive loan rates and solid financial products for our members.

Dedicated Team

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, committed team. Total Share Accounts stand at 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 3840 Ed Dr Ste 100 Raleigh Nc 27612 or call (919) 571-0767 to learn more about how we can help you achieve your financial goals.

Secured Savings

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.

Strong Financial Foundation

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 $1,527 demonstrates a solid capital foundation, ensuring that we can continue providing loans, competitive savings rates, and uninterrupted services even in uncertain economic times.

Loan Offering

Auto Loans

Looking to buy a new car? Our auto loans offer some of the lowest rates in the industry, with over $72,343,501 in used vehicle loans and $8,711,384 in new vehicle loans already helping members get on the road. Whether you're interested in financing a brand-new vehicle or a reliable used option, our competitive rates and flexible terms make it easier than ever to drive away with confidence.

Credit Lines

For those needing extra flexibility with cash flow management, our credit lines provide an easy way to access funds when you need them most. With a total of $39,240,807 available in credit lines, you can handle unexpected expenses without stress. At Summit, we want to make your borrowing experience as smooth as possible. If you're considering refinancing or exploring eligibility options for any of our loans, our knowledgeable team is here to assist you every step of the way. For more information on our loan products or to discuss your specific needs further, feel free to reach out at (919) 571-0767. You can also visit us at 3840 Ed Dr Ste 100 Raleigh NC 27612 during our lobby hours: Monday - Thursday from 8:30 AM - 5:00 PM and Friday from 8:30 AM - 6:00 PM. Performance insights and financial data are sourced from the National Credit Union Administration (NCUA) at: https://www.ncua.gov , based on the latest results. Let us help you take the next step toward achieving your financial dreams!

Mortgage Loans

Thinking about homeownership? Our mortgage options, including Junior Lien 1-4 Family Residential Properties loans totaling $25,575,173, make buying or refinancing simple. We provide personalized guidance throughout the process to ensure you find the right solution for your housing needs.

Unsecured Credit Card Loans

We also offer flexible terms on unsecured credit card loans, with a total of $11,641,437 in loans helping members manage their finances effectively. These cards are designed to give you purchasing power while keeping your budget in check.

Loan Aggregator

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How LendMesh Ensures Accurate Comparisons

Loan data on LendMesh is sourced directly from banks and credit unions that comply with National Credit Union Administration (NCUA) lending standards, based on the latest results (Source: https://www.ncua.gov ). This commitment to accuracy ensures that users receive fair and transparent offers. By using verified data from reputable institutions, LendMesh empowers users to make informed decisions.

SUMMIT CREDIT UNION