Eligibility for Membership

Lifetime 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.


Joint Ownership

Any person you choose can be a joint owner on your account. However, joint ownership by itself does not constitute membership.
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.


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.

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 here
  • 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 membership! 

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.