Summit Credit Union Winston Salem NC | Affordable Auto Loans & Business Banking

Introduction

Welcome to Summit Credit Union, your trusted financial partner located at 1100 S Stratford Rd Ste 400B, Winston Salem, NC 27103. Established in 1935, we have dedicated ourselves to serving our community with integrity and reliability for nearly nine decades. With a robust membership of 32,118 individuals, our credit union has become a cornerstone of financial support in Winston Salem. At Summit Credit Union, we understand that every member's journey is unique. That's why we offer a wide range of services tailored to meet your personal and business banking needs. Whether you're looking for checking and savings accounts, auto loans, or mortgage refinancing, we are here to help you navigate your financial goals. Our total assets stand impressively at $344,630,684, reflecting our strong commitment to fostering financial wellness among our members. With total deposits reaching $14,975,711 and a net worth of $52,712,822, we have built a solid foundation for your future. We also proudly maintain a cash reserve of $2,001,471, ensuring that we can meet your needs promptly. While members can visit us at our branch location, official correspondence should be sent to our mailing address: 8210 W Market St, Greensboro, NC 27409. If you have any questions or need assistance, don't hesitate to reach out by calling us at 336-722-3065. Under the leadership of CEO Samuel Whitehurst and Board President Jack Thornton, our team of 110 employees is dedicated to providing exceptional service. We invite you to experience the difference that comes from being part of Summit Credit Union where community matters and every member counts. Join us today and see how we can help you achieve your financial dreams! For more information about our services or to get started, visit us online at summitcu.org.

Branch History & Mission

At Summit Credit Union, we take pride in our long-standing commitment to the community of Winston Salem, NC. Established in 1935, our branch has been a cornerstone of financial support and empowerment for over eight decades. Starting with a small group of dedicated members, we have grown to serve more than 32,000 individuals and families today. Our journey reflects not only our growth in membership but also our evolution as a trusted financial partner. Located at 1100 S Stratford Rd Ste 400B, Winston Salem, NC 27103, our branch is easily accessible for those in the Forsyth County area. Just a short drive from local landmarks like the Hanes Mall and Wake Forest University, we invite you to visit us during our convenient operating hours: Monday to Thursday from 8:30 AM to 5:00 PM and Friday until 6:00 PM. We also offer drive-thru services for your convenience. Summit Credit Union was founded on the principle of providing affordable financial services while fostering community engagement. Our mission is clear: we aim to enhance the financial well-being of our members through excellent service and innovative solutions. We believe that everyone deserves access to quality banking, whether it's personal banking options like checking and savings accounts or loans for vehicles and homes. As part of our commitment to serving you better, we have made significant strides in digital advancements. Our online and mobile banking platforms allow you to manage your finances anytime, anywhere. You can easily access your accounts, make payments, and even transfer money with just a few taps on your phone. While members can visit us at 1100 S Stratford Rd Ste 400B, official correspondence should be sent to 8210 W Market St, Greensboro, NC 27409. This ensures that all communication reaches us promptly so we can serve you effectively. Our total assets now exceed $344 million, showcasing our stability and capacity to support your financial needs. We take pride in not only providing services but also giving back through various community outreach efforts. We are active partners in local initiatives that uplift our neighborhoods and contribute positively to society. We invite you to join Summit Credit Union today! Experience the difference of being part of a community-focused organization where your financial success is our priority. Call us at 336-722-3065 or visit our website at summitcu.org for more information about how we can help you achieve your financial goals. Together, let's build a brighter future!

Branch Location & Accessibility

Accessibility and Parking

At Summit Credit Union, we prioritize accessibility for all our members. Our branch is ADA compliant and features ramps and spacious parking areas to accommodate everyone. Whether you're stopping by for a quick transaction or have more complex banking needs, you'll find our location welcoming and easy to navigate.

Operating Hours

We know that life can be busy, which is why we offer flexible operating hours. You can visit us Monday through Thursday from 8:30 AM to 5:00 PM and on Friday from 8:30 AM to 6:00 PM. If you prefer the drive-thru, our hours are even more accommodating open Monday through Thursday from 7:30 AM to 5:00 PM and Friday from 7:30 AM to 6:00 PM.

Services Offered

At Summit Credit Union, we provide a wide range of services tailored just for you. From personal banking options like checking and savings accounts to auto loans and mortgages, we're here to help you achieve your financial goals. Need cash on the go? We've got you covered with ATM availability right at our branch. Plus, if you're part of a partner credit union, you can utilize our shared service center for basic transactions. We invite you to stop by or give us a call at 336-722-3065! Let us show you how we can support your financial journey today.

Member Eligibility

At Summit, we believe in creating a welcoming community where everyone can thrive. Becoming a member is easy and open to those who live, work, worship, or attend school in our local area. Whether you're looking for personal banking solutions, auto loans, or simply a place to save your money with great rates, you'll find that Summit is committed to helping you achieve your financial goals. For more detailed information on eligibility requirements, feel free to check out our resource at . If you're ready to join us, the account opening process is straightforward and convenient just give us a call at (336) 722-3065 or stop by our branch at 1100 S Stratford Rd Ste 400B Winston Salem Nc 27103. We can't wait to welcome you into our family!

Business Banking & Commercial Services

Merchant Services That Work for You

In addition to loans, we offer robust merchant services that simplify transactions for your customers. Imagine having a seamless payment processing system that allows your customers to pay how they want whether it's through credit cards or mobile payments. This not only enhances customer satisfaction but also helps streamline your operations. Visit us at 1100 S Stratford Rd Ste 400B Winston Salem Nc 27103 in Winston Salem, NC, or call us at (336) 722-3065 to discover how we can help your business thrive!

Tailored Loan 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. With an outstanding commercial loan portfolio of $0, we continue to drive economic growth by financing new and expanding businesses.

Comprehensive List Of Services

Additional Services

We also provide drive-thru banking for quick transactions like deposits and withdrawals without leaving your car. Members can enjoy basic shared branch transactions if they belong to partner credit unions, allowing for even greater flexibility in managing their finances. No matter what your financial needs may be, Summit is here to ensure you have the resources required for success. We invite you to visit us at 1100 S Stratford Rd Ste 400B Winston Salem Nc 27103 in Winston Salem, or call us at (336) 722-3065 for more information on how we can assist you today!

Business Banking

For entrepreneurs and business owners, our business banking services include essential tools like merchant services and business loans. We aim to support local businesses in their growth journey while ensuring that managing finances is straightforward and efficient.

Credit Options

In today's world, having access to credit is crucial. At Summit, we offer credit cards with rewards that give back for your everyday spending. Plus, our personal loans and debt consolidation options can help you manage existing debts more effectively, putting you on the path to financial freedom.

Digital Banking Convenience

In an age where convenience matters most, we prioritize digital banking features that allow you to manage your accounts anytime, anywhere. With online and mobile banking, accessing your funds or paying bills is just a click away. Our features include ATM and cash withdrawal services, making it easy to get cash when you need it most.

Personal Banking

Managing your day-to-day finances is made easy with our personal banking services. We offer a variety of checking and savings accounts tailored to fit your lifestyle. For those moments when you need extra funds for a new car or home repairs, our auto loans and vehicle financing options provide flexible terms and competitive rates. Additionally, if you're considering buying a home, our mortgage loans and refinancing solutions are designed to simplify the process and make home ownership more accessible.

Digital & Online Banking

Key Features

Need to send money to a friend? Our person-to-person transfers allow you to do just that with ease. Plus, our mobile application gives you access to all these features right from your smartphone. You can even make quick payments using mobile payments, adding another layer of flexibility to how you handle transactions. Security is a top priority for us. With features like electronic signature authorization, you can feel confident that your information is protected while managing your accounts online. And for those who prefer less paper clutter, our e-statements are available to keep your records organized and accessible. We believe banking should be simple and straightforward. That's why we're committed to providing easy access to all our services while ensuring they remain secure. Whether you're checking balances or making payments, Summit has got you covered every step of the way. For more information about how to take advantage of these fantastic digital services, visit us at https://www.summitcu.org/. Your financial well-being is just a click away!

Financial Strength

Growing Member Base

Total Share Accounts: 62,293, showing a strong and growing member base that trusts us with their finances. Net Shares (Funds available for lending and investments): $0. 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 1100 S Stratford Rd Ste 400B Winston Salem Nc 27103 or call (336) 722-3065 to learn more about how we can help you achieve your financial goals.

Investment in 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.

Member-Centric 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.

Operational Efficiency

Our $2,615,816 reflects our operational efficiency, 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, committed team.

Strong Financial Health

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. We also provide refinancing options if you're looking to lower your current payments or access cash through equity.

Credit Lines

Our credit lines are another great way to access funds when you need them. With a total of $39,240,807 available in credit lines loans, you have the flexibility to borrow what you need at any time. Our dedicated team at Summit is here to help you navigate your borrowing options and find the right fit for your financial situation. If you have questions about eligibility or how to apply for any of our loan products, don't hesitate to reach out at (336) 722-3065 or visit us at 1100 S Stratford Rd Ste 400B Winston Salem NC 27103. Let's work together to achieve your financial goals!

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 guide you through each step of the process to ensure you find a solution that works for you.

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. This option allows you to make purchases without collateral while benefiting from competitive interest rates.

Loan Aggregator

Benefits of Using LendMesh

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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 ensures that all offers displayed are fair and transparent, giving users peace of mind as they navigate their options.

Summit

Type of Loan Offerings

Home Equity Loans

Personal Loans

Vehicle Loans