Credit union
Summit Credit Union
Greensboro, North Carolina, Guilford County, NC
$369M in total assets and 30,745 members, the 920th largest of 4,298 US credit unions and 17th of 57 headquartered in North Carolina.
- NCUA charter
- 63020
- Charter
- State chartered (NC)
- Chartered
- 1935
- NCUA insured since
- 1975
- Low-income designation
- Yes
- Website
- http://www.summitcu.org
At a glance
Compared with 15 federally insured credit unions in North Carolina with $100 million to $1 billion in assets, as of June 30, 2026.
| Measure | This credit union | Percentile | Peer range, middle 90% | Peer median |
|---|---|---|---|---|
| Total assets | $369M | 60% | $284M | |
| Loans | $234M | 73% | $169M | |
| Deposits (shares) | $298M | 53% | $249M | |
| Members | 30,745 | 60% | 20,686 | |
| Return on assets | 0.92% | 67% | 0.76% | |
| Net interest income to assets | 4.62% | 98% | 3.88% | |
| Efficiency ratio | 68.4% | 13% | 79.3% | |
| Net worth ratio | 15.44% | 93% | 11.06% | |
| Loans to shares | 78% | 87% | 68% | |
| Cost of deposits | 1.02% | 47% | 1.12% |
Ratios are annualized from year-to-date figures. Return on assets uses average assets, as NCUA does. Cost of deposits includes dividends on shares.
Growth
Total assets grew 7.0% a year over 10 years and 2.1% a year over the last 5, including 4 mergers in the last 10 years. Membership fell 4.1% a year over 5 years, to 30,745.
Dashed lines mark larger mergers, listed below.
Mergers and acquisitions
| Closed | Absorbed | Assets at last filing |
|---|---|---|
| Dec 2019 | Lincoln National Federal Credit Union Credit union, Greensboro, NC | $13M |
| Oct 2018 | Triad Partners Federal Credit Union Credit union, Greensboro, NC | $27M |
| Oct 2017 | Century Employees' Savings Fund Credit Union Credit union, Hickory, NC | $9M |
| Feb 2017 | Corning Cable Systems Credit Union Credit union, Hickory, NC | $34M |
| Aug 2015 | Oxford Credit Union Credit union, Oxford, NC | $17M |
| Dec 2013 | United Chemi-Con Manufacturing Emp. Credit Union Credit union, Lansing, NC | $4M |
| Dec 2011 | The News and Observer Credit Union Credit union, Raleigh, NC | $3M |
Where they operate
8 branches in 5 counties.
Largest counties by branches
| County | Branches | Share of all branches | Rank |
|---|---|---|---|
| Guilford County, NC | 4 | 2.5% | 13 of 40 |
| Catawba County, NC | 1 | 2.1% | 11 of 21 |
| Forsyth County, NC | 1 | 0.8% | 21 of 33 |
| Granville County, NC | 1 | 9.1% | 5 of 7 |
| Wake County, NC | 1 | 0.3% | 35 of 56 |
Credit unions do not report deposits by branch, so these are branch counts: this credit union's branches against every bank and credit union branch in the county. Rank is among all banks and credit unions with a branch there.
Branches by year
| Year end | Branches | Change |
|---|---|---|
| 2016 | 6 | |
| 2017 | 7 | +1 |
| 2018 | 6 | −1 |
| 2019 | 8 | +2 |
| 2020 | 8 | 0 |
| 2021 | 8 | 0 |
| 2022 | 8 | 0 |
| 2023 | 8 | 0 |
| 2024 | 8 | 0 |
| 2025 | 8 | 0 |
| Jun 2026 | 8 | 0 |
Member-serving offices as listed in NCUA call reports. Changes include branches gained in mergers.
Earnings and credit
Return on assets
Year to date, annualized, with the peer median.
Credit and capital
| This credit union | Peer median | |
|---|---|---|
| Delinquent loans, 60+ days | 0.71% | 0.67% |
| Net worth ratio | 15.44% | 11.06% |
| Loans to shares | 78% | 68% |
Delinquent loans are two or more months past due. Net worth is NCUA's capital measure for credit unions.
Related
Credit unions of similar size in North Carolina
Most branches in Guilford County, NC
Figures as of June 30, 2026 from the credit union's NCUA call report (Form 5300), NCUA's credit union locator and FFIEC merger records.