Account Closure | The Summit Federal Credit Union

Looking to close your account?

While you are investigating closing your account at The Summit, please know we don’t want to see you go! Closing an account and starting over can be challenging and we have a variety of products and services that can help you on your financial journey. We are here to help you make decisions to ensure your best financial future.

I’d like to close my account because…

I paid off my loan I’m being charged a fee(s) I had a Member Service issue I’m moving out of the area Other

I Paid Off My Loan

Congratulations on paying off your loan! We may be able to save you money on refinancing another loan you might have. You might also be interested in taking advantage of one of our other great products.

We have options for your financial future:

RoundUp Savings

Turn swipes into savings overnight with a RoundUp Savings account.

Checking & Digital Spend Accounts

Our personal checking and spend accounts have the easy access you need, plus features and benefits to fit your lifestyle.

Visa® Debit Card

A debit card is a convenient way to make purchases in-person or online, pay bills, and make transactions at ATMs.

Credit Cards

From cash back to everyday low rates, we have a credit card to fit your lifestyle.

Mortgage/ Home Equity Loans

Whether you’re purchasing a home, looking into refinancing or want to tap into your home’s equity, we’re here for you with competitive rates.

Personal Loans

A personal loan is a great way to consolidate debt, finance home improvements or cover unexpected expenses. Our quick, affordable personal loan can give you the cash you need, when you need it.

Student Loan and Student Loan Refinancing

We offer affordable private loan lending solutions and student loan refinance options. We also have options to fill college funding gaps with a private education line of credit.

The Summit Blog

Tips and tricks for saving more money by providing useful articles to help you manage your finances.

GreenPath

GreenPath’s certified experts will empower you to eliminate financial stress, get out of debt, increase savings, and achieve your financial goals.

Still looking to close your account?

Close Online | Download Form (print)

I’m Being Charged a Fee(s)

We’re sorry to hear that you want to close your account. You’ll find several options below for ways to avoid a fee based on the type of account you have with us.

Utilize Online/Mobile Banking

Did you know you have access to your account wherever you are? You can check your balances, set low balance alerts, set up scheduled transfers, deposit checks, chat, send secure messages to a Member Service Specialist in your online access and mobile banking accounts. We also offer Zoom appointments for your face-to-face needs.

Set Up Low Balance Alerts

Did you know you can set up low balance text alerts and scheduled transfer features within Online Access? It’s easy to receive notifications when your balance goes below a certain amount.

Use Your Debit Card for 10 Transactions Per Month

If you’re being charged an Account Maintenance fee, did you know that you only need to use your debit card 10 times a month to avoid being charged the fee? Other ways that you can avoid the Account Maintenance Fee are to set up direct deposit, income exemption, multiple accounts exemption or refinance your loan at The Summit. We have great rates and would love to save you even more money!

Add an Overdraft Line of Credit

If you are receiving overdraft fees, we have a product that is tied to your account, providing a revolving line of credit that gives you peace of mind and the flexibility to access funds when and if you need them.

Enroll in Direct Deposit

Electronic deposits are completed faster than with manual, paper-based processes. Plus, on payday, you can also skip a trip to the branch to deposit your paycheck. Your money is already there, so you won’t have to deposit it and then wait for the funds to clear.

Fill Out a Checking Account Conversion

If you’re currently in the Premium Checking account and no longer maintain the minimum balance, contact us to fill out a checking account conversion form and we will transfer you to the Enhanced Checking account at no charge.

Think you were charged unnecessarily?

We’re sorry to hear that we didn’t meet your service expectations. We would like an opportunity to review and address the situation.

Submit Feedback

Other Loan Needs

Did you know the greater your financial relationship with The Summit the higher your membership level is. This will help save you money and give you access to competitive rates and great products.