In 1941, three employees of the Rochester Telephone Corporation founded our credit union with a simple goal: to help members save and borrow at attractive rates in order to improve their lives. Over 75 years later, with a vastly expanded array of products and services, The Summit still holds that goal.

Our Board of Directors keeps us mindful of this mission; their diverse array of backgrounds and expertise helps guide The Summit’s management to ensure that our practices are in the best interests of the members. Our annual report outlines these practices along with the financial results, and shows how we fulfilled our goals.

Summit Stats

  • 80,000+ active members

  • $850+ million in assets

  • 700+ member companies

  • 230+ employees

  • 9 branches in the Rochester, NY area

  • 3 branches in the Syracuse, NY area

  • 2 branches in Cortland, NY area

  • 2 branches in the Buffalo, NY area

  • 1 branch in Seneca Falls, NY

History of the Credit Union

The early years

  • In 1937, Harold Madigan introduced the idea of starting a Federal Credit Union during a Departmental Council Meeting of the Rochester Telephone Corporation. View the original letter.

  • Founded in 1941 as Rochester Telephone Federal Credit Union

  • In 1957, we moved into our first headquarters on the 11th floor of the Sibley building in downtown Rochester

1980 – 1989

  • In 1983, The Summit name is born following a contest among members to submit a name for the credit union, and our Seneca Falls branch is opened in an old house next to Goulds Pump

  • In 1984, we introduced ATMs to our members

  • In 1988, we opened our Waring Road branch

1990 – 1999

  • In 1993, the Waring Road branch was relocated to the Hudson Plaza in Irondequoit

  • In 1995, we moved the location of our Seneca Falls branch to its current location on Fall St. and opened an East Rochester branch

  • In 1996, we moved into our new corporate headquarters in Greece with a branch on the ground floor and dedicated the building to John Bryson, our long-serving President and CEO

  • In 1999, we merged with SOD FCU and opened the Blue Cross Blue Shield satellite branch in downtown Rochester

2000 – 2009

  • In 2000, we opened our Henrietta branch in front of Southtown Plaza on Jefferson Road

  • In April 2000, we launched Online Access and Online Bill Payment

  • In 2003, we merged the Buffalo Telephone Employees Federal Credit Union into The Summit adding just over 5,000 members and one branch in downtown Buffalo

  • In 2005, we merged the Hilton Federal Credit Union into The Summit bringing just over 1,500 members and one branch location into the credit union

  • In 2005, we moved the East Rochester branch to Penfield Road in Penfield

  • In 2006, we opened a new Hilton branch and moved the City of Buffalo branch to Clarence

  • In 2006, we also merged the Brighton School Employees Federal Credit Union into our credit union adding over 400 members and one branch location

  • In July of 2006, we opened our new Brighton branch in the TOPS-Brighton Plaza

  • In 2007, we introduced Shared Branching (Co-Op Shared Branch)

  • In 2007, we merged First Link Federal Credit Union into The Summit adding over 1,200 members and opened our 2nd Buffalo branch on Delaware Ave. near Hertel

  • In 2009, we merged Kenton Federal Credit Union into our credit union bringing over 3,000 new members into the Summit family along with one branch location on Sheridan Drive in Tonawanda

  • In 2009, we moved the Irondequoit branch in the Wegmans Plaza to its current location right on Hudson Ave. near Titus Ave. in the same plaza and moved the Brighton branch to Monroe Ave. near the 12 Corners

2010 – today

  • On January 1, 2010 The Syracuse Federal Credit Union merged into The Summit adding over 22,000 members and 7 branches in Syracuse and Cortland

  • In March of 2011, we opened our Main/Winton branch in the city of Rochester

  • In May of 2011, we merged Frontier Federal Credit Union into The Summit adding over 500 new members into the Summit family

  • In August of 2011, we opened a branch on the SUNY Cortland campus in Neubig Hall, plus 3 on campus ATMs

  • In October of 2011, we launched Mobile Banking

  • In November of 2012, we launched Health Savings Accounts

  • In June 2013, we opened our Perinton branch located at 665 Moseley Rd. Fairport, NY 14450

  • In February 2014, we launched Mobile Check Deposit and Mobile Apps for Tablets

  • November 3, 2014, we launched The Summit Retirement & Investment Services

  • December 15, 2014, we launched Popmoney

  • January 9, 2015, we launched Design Your Own Card for our Visa® Credit Cards

  • January 2016, we opened our new Henrietta Branch located at 2087 East Henrietta Road, Rochester, NY 14623

  • June 2016, we opened our new Camillus Branch located at 130 Township Boulevard, Camillus, NY 13031

  • July 2017, we opened our new Taft Road Branch located at 5201 West Taft Road, Syracuse, NY 13212

  • November 2017, we opened our new Cortland Branch located at 877 Route 13, Cortland, NY 13045

Image of historical photos arranged like a file strip

History Book

Our 70+ year legacy is a long and storied one touching thousands of families, friends and neighbors along the way. The credit union remains strong and continues to thrive today operating by the same principles that were first established by our founders in 1941… to help members improve their lives.

Read the entire story of our credit union shown in pictures and words.


A Note from Our President

Dear members,

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.

Laurie Baker
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

Image: Photo of the Board of Directors, in no particular order, Executive Members: Thomas B. Quirk, Chairman; Augustin Melendez, Vice Chair; Kofi Appiah Okyere, Treasurer; Chris Modesti, Secretary Directors: Clarence “Chip” Turner; Daryl Wolf; Elizabeth A. Dudman; Gerald K. Gebauer; Richard W. Murphy; Sarah Sorensen; William A. Reifsteck Associate Board Member: Kate Sweeney Directors Emeritus: Charles J. Faggiano; Joseph E. Thyroff


  • 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


  • Mollene Benison

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.


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 Volunteer Nomination Certificate and Petition must be signed by 500 members. Signatures must be legible and include the member’s account number.
  2. Please include your resume with your petition.
  3. Petitions must be received by November 6, 2020, and sent to John Northrup, 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 nominations from the floor when the number of  nominees equals the number of positions filled.


Supervisory Committee

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 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.

To view our Bylaws, please log into Online Access and click on “Additional Services” or contact The Summit to request a copy.

Annual Reports

For more insight on our operations, feel free to review our current and past Annual Reports.