What is Summit FCU?

In 1951, Summit Federal Credit Union ( then known as Summit School Employees Federal Credit Union), like all credit unions, was organized because a handful of people believed in an idea and were willing to work, to serve, to create, to bring to reality a cooperative financial institution. We organized for mutual protection and financial assistance to our members. Self-managed under federal law, we provide members with a variety of financial services at competitive rates and strive to meet all their financial needs.

In 1974, our field of membership was expanded to include employees of Summit County Government. Since that time, our membership has expanded to include many employee groups and family members. But our mission has remained the same...to provide quality, confidential, personalized services to meet the financial needs of members while maintaining safety, soundness and financial stability.

Unlike other financial institutions, credit unions are owned and controlled by their members. Credit unions are not-for-profit cooperatives. There are no outside stockholders and no paid board of directors. All of your credit union's excess earnings are returned to members in the form of lower interest rates on loans and higher dividend rates on deposits. The all volunteer Board of Directors is democratically elected by the membership, and each member is entitled to one vote regardless of the amount they have on deposit.

Deciding to do financial business with Summit Federal is easy. We offer a large variety of member services at competitive prices in a friendly, personal atmosphere. At Summit Federal, you're a member, not an account number! Let us know what we can do for you!

 

Summit FCU Mission Statement

Summit Federal Credit Union is a member-owned and member-controlled financial cooperative formed and operated by people whose purpose is to support and promote:

 4the provision of a broad range of high-quality, cost-effective financial services,

 4the education and assistance of members in achieving their financial goals, and

 4the assurance of the credit union’s continuing financial stability

while upholding the credit union philosophy of “people helping people".