Jun, 30, 2024 — SUMMIT CREDIT UNION is a federally insured state chartered credit union headquartered in GREENSBORO, NC with 8 branch locations and about $344.57 million in total assets. Opened 89 years ago in 1935, SUMMIT CREDIT UNION has about 36,379 members and employs 111 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://summitcu.org |
Branches: | 8 branch locations |
Members: | 36,379 |
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, 2022 |
FHLB Member: | Yes |
Low Income Designation: | No |
Assets: | $344,571,421 |
CEO/Manager: | Samuel W Whitehurst |
Chairperson: | Jack Thornton |
ASSETS: | $ Amount |
---|---|
Cash & Equivalents | 26,738,143 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 85,923,773 |
Unsecured Loans | 22,948,202 |
Other Loans | 78,655,462 |
TOTAL LOANS | 187,527,437 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -934,683 |
Land And Building | 6,718,754 |
Other Fixed Assets | 745,353 |
NCUSIF Deposit | 2,867,173 |
All Other Assets | 0 |
TOTAL ASSETS | 344,571,421 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 2,778,609 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 18,615,502 |
Regular shares | 230,186,912 |
All Other Shares & Deposits | 55,471,213 |
TOTAL SHARES & DEPOSITS | 304,273,627 |
TOTAL LIABILITIES | 307,052,236 |
Regular Reserve | 0 |
Other Reserves | 8,306,692 |
Undivided Earnings | 29,212,493 |
TOTAL EQUITY | 37,519,185 |
TOTAL LIABILITIES, SHARES, & EQUITY | 344,571,421 |
INCOME & EXPENSE | |
Loan Income | 8,200,546 |
Investment Income | 1,039,891 |
Other Income | 2,793,476 |
Total Employee Compensation & Benefits | 5,917,902 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 5,048,439 |
Non-operating Income & (Expense) | 7,000 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 749,014 |
Cost of Funds | 424,987 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 1,660,038 |
↑ Back to Top |