Home Equity Rates


Rates effective  February 16 through February 28, 2018

Summit pays closing costs. Resulting APR will be .25% lower if member pays.

Home Equity Line of Credit Up to 85% Loan to Value

Home Equity Line of Credit Up to 95% Loan to Value

Home Equity Loan Up to 85% Loan to Value

Home Equity Loan Up to 95% Loan to Value

Please click here for our current Home Equity Rate Sheet.


Calculate payments    apply

*APR - Annual Percentage Rate is applicable only to HELOC meeting certain requirements. The introductory APR used during the first 6 months after the open date is not based on the index and margin used to make later adjustments.

**The automatic payment rate is only available when the member authorizes the Credit Union to automatically deduct payments from the member's Auto Loan Pay Share account. To receive the automatic payment rate, the payment transfer must be from a member's Checking Account or Auto Loan Pay Share account.

Your account will be subject to a variable rate which will be based on the highest Prime Rate as published in the Money Rates Section of the Wall Street Journal in effect on the day that any introductory period expires and subsequently on the last Tuesday of the calendar month immediately preceding each change date plus a margin. The APR may not exceed 18.00%.

If you opt not to pay the closing costs associated with your line of credit or loan, we will require you to reimburse us for all the costs we incurred to open your line of credit or loan, unless you keep your account open for at least three years from the date of your home equity line of credit or home equity loan closing. The mortgaged property must be a 1-4 family dwelling located in New York State and occupied by an owner who is a member of The Summit FCU. Closing costs (when applicable) include a title search, abstract redate, mortgage tax, filing fees, flood certificate fee, Credit Union appraisal fee, and title insurance, and are estimated to range from $495 to $1,500. You may receive a specific itemization of these fees upon request. Property insurance is required.

All loans are subject to credit approval. Additional restrictions may apply. The Summit FCU is an Equal Housing Lender.



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

Privacy Policy Notice   |   Disclosures Equal Housing Lender
You must be a member of The Summit FCU to take advantage of its products and services
Serving Central & Western New York
2012 by The Summit Federal Credit Union. All rights reserved

Summit Online Access Enrollment

Enrolling in Online Access is easy - here's how:

If you don't have an Online Access PIN or need assistance, please call (585) 453-7030 or (800) 836-7328.