Sep, 30, 2025 — SUMMIT CREDIT UNION is a federally insured state chartered credit union headquartered in GREENSBORO, NC with 8 branch locations and about $361.99 million in total assets. Opened 91 years ago in 1935, SUMMIT CREDIT UNION has about 37,582 members and employs 107 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | SUMMIT CREDIT UNION |
|---|---|
| Address: (Main Office) | 8210 W Market St GREENSBORO, NC 27409 |
| Phone: | (336) 662-6200 |
| Fax: | (336) 662-6100 |
| Website: | https://www.summitcu.org |
| Branches: | 8 branch locations |
| Members: | 37,582 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 63020 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1935 |
| Last Audited: | Mar 01, 2025 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $361,989,264 |
| CEO/Manager: | Samuel W Whitehurst |
| Chairperson: | Daniel C Greene |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 25,154,532 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 128,039,962 |
| Unsecured Loans | 24,286,966 |
| Other Loans | 80,481,153 |
| TOTAL LOANS | 232,808,081 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -2,739,942 |
| Land And Building | 6,140,636 |
| Other Fixed Assets | 2,909,004 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 2,765,121 |
| All Other Assets | 0 |
| TOTAL ASSETS | 361,989,264 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 309 |
| Notes & Interest Payable | 10,000,000 |
| Accounts Payable & Other Liabilities | 4,587,336 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 54,435,646 |
| Regular shares | 111,967,393 |
| All Other Shares & Deposits | 127,560,919 |
| TOTAL SHARES & DEPOSITS | 293,963,958 |
| TOTAL LIABILITIES | 308,551,603 |
| Regular Reserve | 0 |
| Other Reserves | 17,027,375 |
| Undivided Earnings | 36,410,286 |
| TOTAL EQUITY | 53,437,661 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 361,989,264 |
| INCOME & EXPENSE | |
| Loan Income | 12,437,887 |
| Investment Income | 2,220,906 |
| Other Income | 3,281,061 |
| Total Employee Compensation & Benefits | 6,643,359 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 6,177,430 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 2,536,688 |
| Cost of Funds | 2,604,345 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 1,394,861 |
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