A Note from Our President
It is my privilege to serve you, our member-owners, as The Summit Federal Credit Union’s new President and CEO. All of us here at The Summit work for you and are dedicated to you, and we’re excited to carry on our mission to make your lives better and help you reach your financial goals.
Your needs are the guideposts we use to make every decision and action. We listen closely so that we can continually provide a positive experience for you. Our priority is to earn your trust each day, bringing you the most up-to-date, relevant services and products, and providing the friendly, personal attention for which we are known.
If you are not yet a member of The Summit, please take a look at our website to learn more about us, call our Member Service Center at (585) 453-7030 or (800) 836-7328 extension 7030, or come into any branch and speak to one of us in person. Or join today.
Thank you for being a member of our family, and for the opportunity to serve you.
President and CEO
Board of Directors
Our Board of Directors is a diverse team of volunteers who live and work throughout New York State from Buffalo to Syracuse and everywhere in between. They are lawyers, professors, agency presidents, and community members. They provide knowledge and leadership to keep us focused on our members and our mission.
Current Board Members
- Chris Modesti, Chair
- Thomas B. Quirk, Vice Chair
- Augustin Melendez, Vice Chair
- Kofi Appiah Okyere, Treasurer
- Daryl Wolf, Secretary
- Clarence “Chip” Turner
- Elizabeth A. Dudman
- Gerald K. Gebauer
- Sarah Sorensen
- William A. Reifsteck
- Kate Sweeney
Board Election News 2020
Each year, the terms of several Summit Board Members expire and a Nominating Committee, comprised of Summit members, is formed to nominate members for the Board of Directors. This year, the Committee has nominated the following individuals:
Mr. Modesti was selected to the Board of Directors in 2013. In addition, he has proudly served the credit union on the Supervisory Committee for over 4 years, and has also been the Chairman of that committee.
He is EVP and CFO of Sweeteners Plus, LLC, a manufacturer and distributer of sugar products in Lakeville, NY. Chris has been in that role since May 2019. He was formerly President of Biomaxx, Inc. He remains on the Board there. Mr. Modesti has also held senior management level positions at Superior Energy, Energy East Corporation and Energetix, Inc.
Mr. Modesti has a BS degree in Business Management and Marketing from Cornell University and an MBA from the William E. Simon Graduate School of Business Administration at the University of Rochester. He is also a Board Director at Highland Hospital, and the Rochester Chapter of Financial Executives International. Chris is a Trustee of the University of Rochester Newman Interfaith Chapel. He resides in Fairport, New York with his wife Lisa and three sons.
Ms. Sweeney has been a Summit Board member since 2018 and is also a member of the Investments Committee. She previously was a member of the Supervisory Committee and served as an Associate Board member from 2016 – 2018.
She is currently employed as the Senior Financial Analyst for the National Technical Institute for the Deaf at Rochester Institute of Technology. Prior to joining RIT, Kate held Financial Analyst and External Reporting Accountant positions with Paychex, Inc.
Ms. Sweeney has a B.S. in Business Administration and Finance from Nazareth College, and a MBA with concentrations in Accounting and Management & Leadership from Rochester Institute of Technology.
CLARENCE “CHIP” TURNER
Mr. Turner was elected to the Board of Directors in 2010. He has proudly served the credit union on the Board and Supervisory Committee for over 20 years. He is employed at the Rochester Institute of Technology as senior budget analyst. He has over 20 years of experience in financial analyses, forecasting and information systems.
Mr. Turner is also active in the Rochester community. He has coached youth sports in the Gates-Chili and Greece area. He currently sits on the Board of Directors for the non-profit organization Youth For Christ. In addition, he is active leading various outreach and care programs through The Father’s House church. He and his wife are happily married and have three children. They reside in the town of Chili, NY.
Mr. Wolf was elected to the Board of Directors in 2013, and currently serves as Board secretary. He has been an active member of The Summit since 1985. During that time he served 10 years on the Nominating Committee (3 as Chairman) and 1 year on the Supervisory Committee. He currently serves on the Executive Committee and as Chair of the Benefits and Pension Committee.
He is Vice President of Construction for Wegmans Food Markets Inc. where he has been employed for over 24 years. Prior to working at Wegmans he was Project Manager and Estimator for a local general contractor for 12 years and a Structural Designer for 7 years.
Mr. Wolf has a BS in Civil Engineering from Syracuse University. He has been active in the Greece and Hilton community as a coach and volunteer for many baseball and basketball organizations. He has also been active with many church related activities with St. Mark’s Church. He and his wife Julie live in Greece with their three sons Carl, Mitchell, and Brian.
Under guidelines specified by the National Credit Union Administration (NCUA), members interested in petitioning to run for a volunteer position on the Board of Directors may do so by complying with these procedures:
1. A petition must be signed by 1% of our membership (at least 500) members. Signatures must be legible and include the member’s account number.
2. Included with your petition must be a statement of qualification and a biography with information about your current job, related credit union or financial experience and any other committee involvement.
3. Petitions must be received by February 13, 2020, and sent to Daryl Wolf, The Summit FCU, Canal Ponds Business Park, 100 Marina Drive, New York 14626.
4. The election will not be conducted by ballot and there will be no nomination from the floor when the number of nominees equals the number of positions filled.
The Supervisory Committee is a five-member committee of volunteer members who are appointed by The Summit Federal Credit Union’s Board of Directors. The committee works independently of the credit union’s management overseeing the work of internal and external auditors, and is responsible for ensuring that member assets are adequately safeguarded, accurate records are maintained, and proper business practices are followed.
In addition, reviewing and resolving member complaints that cannot be rectified through normal channels is another responsibility of the Supervisory Committee. However, most issues can be resolved efficiently by credit union staff in the branches, or through email at firstname.lastname@example.org or at (585) 453-7030 or (800) 836-SFCU extension 7030.
If you are unable to resolve an issue or discrepancy in your account through normal channels, you may contact the Supervisory Committee at PO Box 26477, Rochester, NY 14626, Attn: Supervisory Committee.
For more insight on our operations, feel free to review our current and past Annual Reports.