Rates

Savings
Account Name	Minimun To Open	Rate Type	Minimum To Earn Dividends	Dividend Rate	*Annual Percentage Yield (APY)**	Frequency of Compounding
Membership Savings	$5	Variable	$100	0.05%	0.05%	Quarterly
Special Savings	$0	Variable	$100	0.05%	0.05%	Quarterly
Christmas Club	$0	Variable	$100	0.10%	0.10%	Annually
Kids Club	$5	Variable	$5	0.10%	0.10%	Quarterly
Money Market	$1,000	Variable	$1,000	0.15%	0.15%	Monthly
Money Market Investor	$10,000	Variable	$10,000	0.20%	0.20%	Monthly
Roth and Traditional IRA Accumulator	$0	Variable	$100	0.20%	0.20%	Quarterly

Penalties may apply for early withdrawal on term share accounts. Fees may reduce earnings. Offering rates may change after account opening.

Regular and IRA Certificates
Term	Minimun To Open	Rate Type	Minimum To Earn Dividends	Dividend Rate	*Annual Percentage Yield (APY)**	Frequency of Compounding
6 to 11 Month	$500	Fixed	$500	0.25%	0.25%	Quarterly
12 to 23 Month	$500	Fixed	$500	0.35%	0.35%	Quarterly
24 to 35 Month	$500	Fixed	$500	0.45%	0.45%	Quarterly
36 Month	$500	Fixed	$500	0.55%	0.55%	Quarterly

The APY is an annualized rate that reflects estimated dividend earnings based on the dividend rate and frequency of compounding. Penalties may apply for early withdrawal on term share accounts. Fees may reduce earnings. Offering rates may change.

Jumbo and Jumbo IRA Certificates
Term	Minimun To Open	Rate Type	Minimum To Earn Dividends	Dividend Rate	*Annual Percentage Yield (APY)**	Frequency of Compounding
6 to 11 Month	$10,000	Fixed	$10,000	0.35%	0.35%	Quarterly
12 to 23 Month	$10,000	Fixed	$10,000	0.45%	0.45%	Quarterly
24 to 35 Month	$10,000	Fixed	$10,000	0.55%	0.55%	Quarterly
36 Month	$10,000	Fixed	$10,000	0.65%	0.65%	Quarterly

Auto Loans
Term	Rate Type	Rates as Low as	Annual Percentage Rate (APR)**
Up to 48 Months	Fixed	2.95%	2.95%
49 to 72 Months	Fixed	3.45%	3.45%
73 to 96 Months	Fixed	4.45%	4.45%

New or used, same low rate; Auto financed for 96 months at 4.45% APR would have a payment of approximately $12.40 per $1,000 borrowed.

Motorcycle / Boat / RV Loans
Term	Rate Type	Rates as Low as	Annual Percentage Rate (APR)**
Up to 48 Months	Fixed	3.95%	3.95%
49 to 72 Months	Fixed	4.45%	4.45%
73 to 96 Months	Fixed	5.45%	5.45%

New or used, same low rate; Auto financed for 96 months at 5.45% APR would have a payment of approximately $12.88 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	See Current Rates
Home Loan, 30-year	Fixed	360	See Current Rates

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.

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	3.50%	3.50%
Home Equity Loan (2nd position)	Fixed	120	4.50%	4.50%
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	9.95%	9.95%
Installment	Fixed	Up to 60 months	10.95%	10.95%
Club Loans	Fixed	Up to 10 months	10.95%	10.95%
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%

* 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 1/1/2022. Rates are subject to change.

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