The Summit Federal Credit Union
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Current Share Certificate Rates*


Rates effective March 3 through March 10, 2010

Description Minimum Balance Dividend Rate Annual Percentage Yield (APY)
   90 Days $500 0.698 0.700
   6 Months $500 0.747 0.750
   1 Year $500 0.995 1.000
   18 and 24 Months $500 1.242 1.250
   30/36/42 Month $500 1.784 1.800
   Long-Term 4-10 Year $500 2.469 2.500
   Jumbo 30 Days $75,000    0.995 1.000
   Jumbo 1 Year $75,000    1.242 1.250

Rates are subject to change at any time. APY = Annual Percentage Yield.

Rate Hotline: (585) 453-RATE or (800) 836-7328 extension 7283.

For a full listing of share certificate rates, please visit our Share Certificate Rate Schedule.

*Subject to change. Not responsible for typographical errors. A penalty will be imposed for early withdrawal. Fees may reduce earnings.

If you're a current member and you would like to open a share certificate, please visit our Applications Section, call our Member Service Center at (585) 453-7030 or (800) 836-SFCU, or stop by any Summit branch. If you'd like to join The Summit today, please visit the Membership section of our site. Funds on deposit are insured by the National Credit Union Administration (NCUA) up to the legal limit of $250,000.

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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Current Loan Rates*

Rates are subject to change at any time.
APR = Annual Percentage Rate

 
Fixed rates effective 3/1/10 through 3/15/10 as low as

Type of Loan  Term  Fixed APR
w/Auto. Pmt.
Payment Per
$1,000.00
Fixed APR
w/Billing
Payment Per
$1,000.00
  New Car       48 5.15 23.10 5.40 23.21
  New Car       60 5.25 18.99 5.50 19.10
  New Car       72 5.85 16.50 6.10 16.62
  Used Car
(2002 & Newer)
36 5.15 30.04 5.40 30.15
  Used Car
(2004 & Newer)
48 5.25 23.14 5.50 23.26
  Used Car (2006 & Newer)       60 5.65 19.17 5.90 19.29
  Used Car (2008 & Newer)       72 6.20 16.67 6.45 16.79
  Consolidation   36 10.45 32.48 10.70 32.60
  Personal 24 7.45 44.98 7.70 45.09
  Personal 48 7.95 24.39 8.20 24.51
  New Recreational Vehicle 48 5.95 23.46 6.20 23.58
  New Recreational Vehicle 60 6.15 19.40 6.40 19.52
  Home Improvement 60 6.25 19.45 6.50 19.57
  College Wise Up to 96 mos. Variable rate - Please call
(585) 453-7030
for most current rate

For a full listing of loan rates, please click here or call The Summit's Loan Rate Hotline at (585) 227-LOAN.

*Your exact loan rate and payment will be determined once your loan has been approved, based on your past credit performance. The above rates are subject to change without notice. Not responsible for typographical errors. Call The Summit for fixed rate first mortgage rates. Variable rates available for all loan types. 100% financing available on car loans and recreational vehicle loans. The Summit FCU is an Equal Housing Lender. We do business in accordance with the Fair Housing Law and the Equal Credit Opportunity Act.


Apply for a loan

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Current Home Equity Line Rates*
Rates are subject to change at any time.(1)
APR = Annual Percentage Rate

Rates effective 3/1/10 through 3/15/10
Summit pays closing costs. (2) Resulting APR will be .25% lower if member pays.
Home Equity Line of Credit Up to 85% Loan to Value Loan Amount Index + Margin Resulting APR Payment per $1000
$15,000 or less Prime + 0.95% 4.20% $6.80
$15,001 - $50,000 Prime + 0.75% 4.00% $6.60
over $50,000 Prime + 0.25% 3.50% $6.20
 
 
Home Equity Line of Credit Up to 95% Loan to Value Loan Amount Index + Margin Resulting APR Payment per $1000
$0 - $35,000 Prime + 1.70% 4.95% $7.40

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Current Home Equity Loan Rates*
Rates are subject to change at any time.(1)
APR = Annual Percentage Rate

Rates effective 3/1/10 through 3/15/10
Summit pays closing costs. (2) Resulting APR will be .25% lower if member pays.

Home Equity Loan Up to 85% Loan to Value

Term Fixed APR with Automatic Payment (3) Payment Per $1000
60 months 5.95% $19.27
120 months 6.25% $11.21
180 months 6.40% $8.64
 
 
Home Equity Loan Up to 95% Loan to Value Term Index + Margin Resulting APR Payment per $1000
Up to 180 months Prime + 1.45% 4.70% $18.74


*Rate subject to change. Not responsible for typographical errors.
Notes:
(1) All rates and terms are subject to change without notice. The variable rate is subject to change based on the highest Prime Lending Rate quoted in The Wall Street Journal plus or minus a margin. A change in the APR will result in a change in the payment amount. The APR may increase after consummation of your line of credit or loan but may not exceed 18.00%. For current home equity product rates, call our Member Service Center at 453-7030.

(2) 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 attorney 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.

(3) 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. If you would like to be billed, your APR will be .25% higher than the APR with automatic payment.

All loans are subject to credit approval. You must be a member of The Summit FCU to take advantage of its products and services. Additional restrictions may apply. The Summit FCU is an Equal Housing Lender. We do business in accordance with the Fair Housing Law and the Equal Credit Opportunity Act. Our main office is located at 100 Marina Drive, Rochester, NY 14626.

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Current Mortgage Rates

Fixed Mortgage Rates (1)

Rates are subject to change at any time.
APR = Annual Percentage Rate

Rates last updated on 03/10/10

Term of Loan Rate APR Payment per $1000
Borrowed
Points*
30 year 5.000% 5.053% $5.37 0
20 year 4.750% 4.839% $6.46 0
15 year 4.250% 4.318% $7.52 0
10 year 4.125% 4.221% $10.18 0
40 year 5.375% 5.429% $5.08 0
 
 

One Year Adjustable Rate Mortgage (1)

Rates are subject to change at any time.
APR = Annual Percentage Rate
The APR may be increased after consummation.

Rates last updated on 03/10/10

Term of Loan

Rate APR Payment per $1000
Borrowed
Points
15 or 30 years 3.500% 3.536% $4.50 0
The payment amount and interest rate are fixed for the first year only. 
 

Home Starter (2)

Rates are subject to change at any time.
APR = Annual Percentage Rate

Rates last updated on 03/10/10

Term of Loan

Rate APR Payment per $1000
Borrowed
Points*
30 year 5.375% 5.439% $5.61 0

(1) Rates quoted assume that the standard closing costs are paid. For our no closing costs option, add 0.75% to the correspinding rate with closing costs. Maximum Loan Amount $417,000.00.

(2) Contact The Summit FCU for information on whether or not you qualify for this unique mortgage program.

*Additional discount point options may be available.

Loans are subject to credit approval. Loan-level price adjustments may be assessed based upon certain loan features, including credit score, loan purpose, occupancy, number of units, product type, the presence of subordinate financing, etc. You may be subject to higher rates or points.

All mortgage rates quoted are for a 60 day lock-in period. Rates are not guaranteed until locked in with a Summit Mortgage Representative. Rates quoted are subject to change more than once daily without notice. They are subject to market conditions. Annual Percentage Rate (APR) calculations are based on a loan amount of $175,000.00 with a 20% down payment with no PMI. Your actual APR and closing costs may be different depending on the actual amount you borrow, the amount of your down payment and any other discount points you may pay in connection with your loan.

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Current Credit Card Rates*
Rates are subject to change at any time.
APR = Annual Percentage Rate
Type of Card Index + Margin Minimum APR Maximum APR
VISA Classic Prime + 7.5% 10% 18%
VISA Gold Prime + 4.25% 7% 18%
VISA Platinum Prime + 5.75% 8.5% 18%

*Rates subject to change. Rates listed apply to all new VISA cards. These rates will go into effect for existing cardholders on 1/8/10 for Classic and 1/18/10 for Hilton Classic, Gold and Platinum. Not responsible for typographical errors.
Please click here for a full listing of VISA Rates and Terms.

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Current Savings Rates*

Rates are subject to change at any time.
APY = Annual Percentage Yield

Description Minimum Balance Dividend Rate Annual Percentage Yield (APY)
Primary/Safari/Forward Bound/Regular/Saver's 1000 Savings Accounts $100 0.200 0.200
Variable Rate IRA $0 0.747 0.750
Premium Checking $1,000 0.150 0.150
Money Market $1,500 0.349 0.350
Money Market $10,000 0.499 0.500
Money Market $25,000 0.648 0.650
Money Market $50,000 0.747 0.750
MoneyMax $25,000 0.747 0.750
MoneyMax $75,000 0.995 1.000
MoneyMax $150,000 1.243 1.250

Rate Hotline: (585) 453-RATE
*Rates subject to change. Rates may change after account is opened. Not responsible for typographical errors. Fees may reduce earnings. ** Rate is for month ending 2/28/10.

For your copy of The Summit's Rate and Fee Schedule, please click here.

If you are interested in opening any of these accounts, please call our Member Service Center at (585) 453-7030 or (800) 836-SFCU, or stop by any Summit branch!

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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