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Empower Your Financial Savvy

Through our free workshops members learn practical tips on how to reach goals and improve their personal finances.

We're committed to keeping a tight lid on borrowing costs.

Our aim is to fill this page with the smallest numbers possible. After all, lower loan rates keep your interest charges down and monthly payments under control.

Buy a home. Finance a car. Cover college costs. And much more. Summit Credit Union loans make many of life's milestones possible.

Auto Loans

Term Rate Type Rates as Low as Annual Percentage Rate** (APR)
Up to 48 Months Fixed 3.50% 3.50%
49 to 72 Months Fixed 3.75% 3.75%
73 to 96 Months Fixed 4.75% 4.75%

New or used, same low rate; Auto financed for 96 months at 4.75% APR would have a payment of approximately $12.54 per $1,000 borrowed.

Motorcycle/Boat/RV Loans

Term Rate Type Rates as Low as Annual Percentage Rate** (APR)
Up to 48 Months Fixed 4.50% 4.50%
49 to 72 Months Fixed 4.75% 4.75%
73 to 96 Months Fixed 5.75% 5.75%

New or used, same low rate; Auto financed for 96 months at 5.45% APR would have a payment of approximately $13.02 per $1,000 borrowed.

Home Loans

Purchase or refinance, fixed- and variable-rate home loans are available. Rates may change daily. If you have questions about the home loan process, credit requirements, down payment needed, etc. feel free to call our Home Loan Center at 336-662-6206 or 877-223-9563. Our home loan specialists will take time to find the option that fits you best and will guide you step-by-step through the entire loan process.

Loan Type Rate Type Term Rate as Low as
Home Loan, 15-year Fixed 180 5.500%
Home Loan, 30-year Fixed 360 6.375%

Home Loan rates are subject to change and based on an excellent credit history and 90% combined loan-to-value (LTV) ratio; your rate could differ. Last updated on 2022-06-16.

Home Equity Line of Credit and Home Equity Loans

Loan Type Rate Type Term Rate as Low as Annual Percentage Rate** (APR)
Home Equity Loan (1st position) Fixed 120 3.75% 3.75%
Home Equity Loan (2nd position) Fixed 120 4.75% 4.75%
Home Equity Line of Credit Variable 180 5.00% 5.00%

Home Equity Lines of Credit rates are based on an evaluation of credit history and LTV (combined loan-to-value ratio), so your rate may differ. Home Equity Lines of Credit are available for primary residences, second homes, and investment properties. Variable APR applies; payments or term may change.

Fixed Home Equity rates are based on an evaluation of credit history and LTV (loan-to-value) ratio. Fixed Equity Loans are available for primary residences, second homes, and investment properties. A sample loan payment based on $30,000 at 3.50% APR for 10 years is $297. Closing costs may occur based on offer, property location, and Equity Loan amount.

Visa® Credit Cards

Loan Type Rate Type Rate as Low as Annual Percentage Rate** (APR)
Visa® Platinum Non-Variable 8.95% 8.95%
Visa® Platinum Rewards Non-Variable 9.95% 9.95%

Repayment terms of 2% of outstanding balance or $25, whichever is greater. Variable APRs apply to purchases, balance transfers, and cash advance transactions.

Transaction Fees: ATM Cash Advance - None if performed at a Summit Credit Union branch or network ATMs. Otherwise, transactions may be subject to a $1.00 fee plus any fees accessed by non-network ATMs. No fee assessed if balance exceeds limit.

Personal Loan

Loan Type Rate Type Term Rate as Low as Annual Percentage Rate** (APR)
Line of Credit Fixed Up to 60 months 10.95% 10.95%
Installment Fixed Up to 60 months 11.95% 11.95%
Club Loans Fixed Up to 10 months 11.95% 11.95%
Emergency Loans Fixed Up to 90 days 17.95% 17.95%
Share Secured Loans Fixed Up to 60 months 4.00% 4.00%

Credit Builder Loans

Loan Type Type Term Rate as Low as Annual Percentage Rate** (APR)
Credit Builder Loan Fixed Up to 60 months 9.50% 9.50%
Credit Builder Visa® Credit Card Secured Revolving Line 16.95% 16.95%

Summit Credit Union is a full-service financial institution with eight branches throughout North Carolina.

Frequently Asked Questions

Current employees of any of our business partners and their immediate family are able to join. To become a member, you must open a new Savings account by depositing at least $5. Opening a Savings account is fast and easy.

We have eight branches across North Carolina with locations in Greensboro, Hickory, High Point, Oxford, Raleigh, and Winston-Salem.

Banking Where You Need It

Bank from anywhere, anytime. Digital Banking is available to members 24/7.

* APY = Annual Percentage Yield.
** APR = Annual Percentage Rate. Rates are based on an evaluation of credit history, so your rate may differ.

Last updated on 6/26/2022. Rates are subject to change.