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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.

The money that helps make every moment count.

Travel wide. Try new things. Spoil the grandkids. Spend sunny afternoons with friends. With our tax-advantaged IRAs, those retirement years really can be golden.

They start as a daydream. But your retirement ideas should quickly turn into an action plan. Ready to start building toward a better tomorrow? At Summit Credit Union, we offer multiple ways to grow your money, and all the help you need to get things headed the right direction.

  • Contribute up to $6,000 a year ($7,000 if over age 50).
  • Traditional and Roth IRAs are available.
  • With Traditional IRAs, you may be able to take a tax deduction every year you make a contribution.
  • With Roth IRAs, all withdrawals are tax-free.
  • With both Traditional and Roth IRAs, your annual interest and dividend interest grows tax-free.

Want to know more? Members can open an IRA at any branch. To schedule an appointment, text or call our Member Service Call Center at 336-662-6200.


Saving Options

There's no one-size-fits-all way to build your retirement savings. At Summit Credit Union, we offer Individual Retirement Arrangements that let you combine several types of accounts.


IRA Accumulator 

  • No minimum balance required on the account.
  • Deposit funds as you would with a regular savings account.
  • Dividends are paid quarterly.
  • If the balance is below $500, there is a $5 quarterly maintenance fee.
  • Annual deposit restrictions may apply. Consult a tax professional for more information on your individual limits.


IRA Certificate

  • An IRA Certificate works just like an ordinary Certificate of Deposit, while also providing tax benefits.
  • An IRA Certificate offers a set rate of interest for a particular period of time. Certificates have an established minimum investment amount and a predetermined maturity period.
  • Deposit a minimum of $500 for a Regular IRA Certificate and $10,000 for a Jumbo IRA Certificate.
  • Dividends are paid quarterly for the length of the term.
  • Annual deposit restrictions may apply. Consult a tax professional for more information on your individual limits.

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

Frequently Asked Questions

Your $5.00 on deposit in your savings account means you own one share of the Credit Union and are a part owner with full voting rights. Once you are a member/owner, you are eligible to take advantage of the other services available at the credit union. If your savings balance falls below the $5.00 requirement, you will need to make a deposit to bring the balance back to $5.00 to maintain your membership.

Our Christmas Club gives you a way to save money for end-of-year expenses. An account can be opened anytime during the yea and can be accessed October 1 each year. You are able to take a partial withdraw prior to October 1 with a $5 fee.

Free Checking

We help you avoid needless fees. Trust us for free checking with no strings attached.