Eligibility for Membership
Summit Federal Credit Union's policy is "Once A Member, Always A Member!" This
means that once you join the Credit Union, you retain your membership for as
long as you wish, no matter where you work or live.
To open your account at SFCU, you must deposit and maintain $50.00 in a regular
share account and pay a $5.00 membership fee. To join, simply complete the
Membership Application and return it to the credit union with your
check for $55.00 or more.
Any person you choose can be a joint owner on your account. However, joint
ownership by itself does not constitute membership.
Membership at Summit Federal is open to any employees or members of eligible
companies' and organizations. Click here to find out if
your company or organization is a member.
Joint ownership does allow another person(s) to make deposits and withdrawals
on your account at any time. If you want a joint owner on your account, let us
know, and we will forward the necessary paperwork to you.
Those also eligible for membership include the following:
Immediate family members of existing members, including: spouse, mother,
father, sister, brother, son, daughter, grandparent, grandchild,
stepparents, stepchildren, step-siblings, and adoptive relationships
Students of all schools within the field of membership of Summif FCU
Spouses of persons who died while within the field of membership of SFCU
Persons retired as pensioners or annuitants from the employers listed
And organizations of such persons
Employers and Organizations Looking To Obtain Membership
How will your company or organization benefit?
As an employer, one of your greatest challenges is attracting and
retaining qualified employees. By incorporating credit union membership as
an additional employee benefit, the company will gain a far-reaching employment
advantage. As members of Summit Federal Credit Union, your employees will
have the opportunity to satisfy their personal financial needs with a
financially sound organization. This peace of mind will have a positive
influence on morale and productivity. It will make employees feel good
about their employer, who made this opportunity possible. Credit union
membership is one of the few work-related benefits that reaches into the home.
Because family members may also join, they can share in the benefits of
Along with the extended purchasing power of their paychecks, provided by
our competitive interest rate structure, we offer many other cost-saving
products and services – some at no cost at all. Under one roof, your
employees will have access to all of the financial products and services they
need to attain their personal goal of financial security. All this at no
cost to you!
If your company or organization is ready to be a member group or if you
have any questions, please call and ask for a member of our management team.
We’ll answer your questions and tell you how to become a member group to make
all of your employees eligible for membership. It’s very easy and well
worth your time.