the SUMMIT FEDERAL CREDIT UNION

Member Benefits Program

Your accounts work together to earn you extra benefits.

Our Member Benefits Program rewards members for building fuller and more sizeable relationships with the credit union. The more combined Savings, Certificate, Loan, VISA® and Mortgage account balances you have at The Summit, the more FREE benefits you'll receive. Plus, if you have Checking with Direct Deposit with us, you're automatically exempt from the Account Maintenance Fee.1

How is your Member Benefit Level determined?

On the last business day of each month, we'll determine your Combined Balance2 and set your Benefit Level3 for that month which will determine your benefits for the following month.

What are the different Member Benefit Levels?

  • Partnership Level:
    Balances under $2,500. Learn more about the benefits of the Partnership Level.
  • Signature Level:
    Balances ranging from $2,500.00 to $24,999.99. Learn more about the benefits of the Signature Level.
  • Affinity Level:
    Balances ranging from $25,000 to $49,999.99. Learn more about the benefits of the Affinity Level.
  • Pinnacle Level:
    Balances of $50,000 or more. Learn more about the benefits of the Pinnacle Level.
     

Want to see what benefits you'll receive? View our Member Benefits Program Benefit Level Chart on the Rate and Fee Schedule.

 

  1. Account Maintenance Fee: If applicable, the $5.95 fee will be deducted from Primary Savings account on the last day of the month. If funds are not available, Account Maintenance Fee will be deducted from your Checking account (if applicable). No Account Maintenance Fee will be imposed if you meet one of the exemptions below. However, other applicable fees disclosed on the Benefit Level Chart still apply based on your Benefit Level.
    1. Members 22 years of age and younger
    2. Members 65 years of age and older
    3. Account Maintenance Fee Exemption (application must be completed and approved)
    4. Multiple Account Exemption (Affinity and Pinnacle Benefit Levels)
    5. Accounts opened for less than 3 months
    6. Non-profit organizations
    7. Business Accounts
    8. Checking with Direct Deposit (at least one direct deposit must be received per quarter in order to maintain this exemption)
    9. Have a debit card with Checking and perform 10 or more Point of Sale (POS) transactions during the month.
       
  2. Your Combined Balance for each account is the sum of: the average daily balance for the month in each of your savings accounts; all loan and certificate account balances as of the last business day of the month; your VISA® credit card balance on the day prior to the last day of the month; and your mortgage balance on the day prior to the last day of the month.
  3. Benefit Level: On the last business day of the month we will determine your Combined Balance. If we determine that you are in the Partnership Level (with no exemptions), the Account Maintenance Fee will be assessed. Your Combined Balance will set your benefits for the following month.

 

NCUA

Your savings federally insured to at least $250,000 and backed by the full faith and credit of the United States Government.
National Credit Union Administration, a U.S. Government Agency

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Serving Central & Western New York
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