Members - The Summit Federal Credit Union

T H E SU M M I T F E D E R A L CR E D I T UN I O N
Our Commitment to the Credit Union
Philosophy, Our Members, and
the Communities We Serve
Inside
Overview of
The Summit Federal
Credit Union
Our Commitment to …
“People not Profits”
Our Commitment to …
The Credit Union Philosophy
Our Commitment to…
Members
Our Commitment to…
Youth Members
Our Commitment to…
The Communities We Serve

Commitment
contents
1 Overview of The Summit
Federal Credit Union
3 Our Commitment to
“People not Profits”
4 Our Commitment to
The Credit Union Philosophy
6 Our Commitment to
Members
7 Our Commitment to
Youth Members
8 Our Commitment to
The Communities We Serve

Summit Highlights
Total assets over $400 million and growing strong
Over 600 Member Companies throughout Western New York
A full, competitive, and affordable portfolio of products and services
for members
Nine convenient branch locations across the region, from Seneca Falls to
Rochester to Buffalo
A comprehensive regional network of over 125 surcharge-free ATMs
available in Western New York
Over 3,000 nationwide Credit Union Shared Service Center branches
for members to seamlessly conduct their Summit transactions, all
without fees
CU SERVICE
CENTERS
Members have secure and private access to their accounts anytime day or
night, online or by phone, plus free online bill payment for all members
Serving the financial needs of members in places that have been
designated as underserved areas; City of Rochester, City of Buffalo,
City of Geneva, Town of Amherst, Town of Henrietta
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Over 52,000 members now rely on The Summit
to serve their financial needs

Products & Services
Savings & Checking Products
• Savings Accounts
• Club Accounts (Vacation, Holiday)
• Variety of Checking Accounts
• Money Market Accounts
• Share Certificates
• Youth Share Certificates
• IRA, Roth and Coverdell
• Education Accounts
• Safari Club and Forward Bound Youth Accounts
Mortgage Products
• Mortgages
-Fixed Rate or Adjustable Rate
-Purchase or Refinance
-Low Down Payment Options
• Home Equity Loans and Lines of Credit
Loan Products
• New and Used Automobile and RV Loans
• Summit Express SM : Auto Financing Direct
from the Dealer
• VISA ® Credit Cards
Home Improvement, Personal Loans, and
• Many other loan products
Easy Access to Your Money
24-Hours a Day, 7 Days a Week
• Summit Online Access
• FREE Online Bill Payment for all Members
• Online Statements
• Online Brokerage Services
• Online Loan Applications
• Online Check Images & Check Ordering
• Quik Tran, 24-hour “Teller by Phone” Service
Other Services
• Direct Deposit
• Overdraft Protection/Line of Credit
• Summit VISA ® Check Cards
• VISA ® Gift Cards
• BALANCE SM Financial Fitness Program
• Travelers Cheques
• Notary Public at our branches
• Money Orders
• Coinstar ® Machines
• Foreign Currency Exchange
Investment Services
MEMBERS Financial Services Program
Mutual Funds & Annuities
Retirement Planning
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•
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• College Planning
• Insurance
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Our Commitment to
“People not Profits”
Credit Unions are designed for People, not Profits. The Summit Federal Credit
Union is a not-for-profit financial cooperative owned and operated exclusively by
our members. That means there are no outside stockholders who require a return
on their investment, which allows us to return the profits back to our members in
the form of higher rates on deposits, lower loan rates, low/no fees plus other
valuable benefits.
As a member-owned, not-for-profit financial cooperative, The Summit Federal
Credit Union is deeply committed to our members. We uphold our fundamental
responsibility to actively serve people within our field of membership, and as
appropriate, the communities they live in. We treat all members with the utmost
respect and dignity; and we provide honest, fair financial services to all members at
all times.
We provide a wide array of low cost financial products and services to meet the
needs of our diverse group of current and potential members. We consistently
seek new and better ways to reach out to the underserved areas in our field of
membership. In all facets of operations, we will continually demonstrate the
benefits and value of membership in The Summit Federal Credit Union.
The Summit Federal Credit Union exists to serve our members with the goal of helping them
to become financially self-sufficient and successful. We place the greatest importance on
financial literacy and education to assist our members in their everyday lives.
The Summit strives to offer services designed to improve the economic and social well
being of all members from all socio-economic backgrounds, including our low- and
moderate-income members, and to return financial value to all those who participate
in our member- owned financial cooperative.
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Our Commitment
to the Credit Union Philosophy
The Summit Federal Credit Union will work to build and strengthen our unique credit
union movement by providing financial and in-kind resources to others within the credit
union community. We will actively advocate for the credit union at all levels of
government and in other appropriate public forums. We will participate in local, state
and national cooperative activities as appropriate, and will strive to build and strengthen
relationships with other sectors of the national cooperative movement.
Buffalo Credit Unions Join Together
We’ve enhanced important relationships with other
Buffalo area credit unions by taking a leadership role
in the establishment of the Erie/Niagara Credit Union
Cooperative group. The mission is to raise the
awareness of all credit unions in an effort to provide
affordable financial services to members in that region.
This is a long term cooperative plan of action
including joint advertising, a website explaining the
benefits of credit union membership
www.acreditunioncan.com, plus other key legislative
and educational initiatives.
Randy Saltzman, VP Marketing,
Michael Vadala, President & CEO,
Buffalo Mayor Byron Brown,
Mark Gregory, VP Lending
Spirit of Cooperation
1. Waived Surcharge Partnerships with Other Financial Institution. We are proud to
partner with fellow credit unions and even some banks to provide surcharge-free
access to hundreds of ATMs across out Wester New York region. Why? Because
it provides more convenience and cost-savings for our valued members.
2. Board positions and participation on Committees for the New York State Credit
Union League, Rochester Chapter and Buffalo Chapter
3. Member of the USNet and national CU Service Centers shared branching networks
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The Summit Federal Credit Union will endeavor to preserve credit union
democratic principles, including demographic representation and volunteer
participation in credit union activities. Here are some of the ways that we are
involved in the credit union movement on a local, regional, state,
and national level:
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Volunteer Board Members
Michael S. Vadala, CEO of The Summit Federal Credit Union,
former Board Chair of the National Association of Federal
Credit Unions (NAFCU)
Laurie A. Baker, COO of The Summit, serves on The Board of
The New York State Credit Union League
Rochester Chapter Council
Rochester Chapter Communications Council
Rochester Chapter Meetings/Events
Buffalo Chapter
Financial Education Committee
Credit Union Awards
and Achievements
Jeffrey W. Peters, Chairman of
the Board of Directors and
Michael S. Vadala, President
& CEO
The Summit is proud to be actively involved in the credit union movement through our
advocacy and through the actions of our staff and volunteers. Many of our
achievements have been recognized by the NY State Credit Union League including:
2005 Desjardins Youth Financial Literacy Award for numerous youth financial education
programs.
2006 Volunteer of the Year Award to Bill Reifsteck, Summit volunteer and long standing Board
Member for his many years of service to The Summit and other nonprofit organizations.
2006 Hillman Marketing Award for our outstanding shared branching media campaigns over the
past two years.
2007 Outstanding Professional Award to Michael Vadala, President and CEO of The Summit
FCU for his exemplary accomplishments and dedication to the credit union movement.

Our Commitment to
Members
Fee Exemption Program for Members of Modest Means
One way we help members each and every day is to provide affordable financial services including
reduced fees, higher rates on deposits and lower rates on loans. We strongly believe in providing
members of modest means the necessary tools, plus the knowledge to start saving and building
credit to begin on the road to a solid financial future. In short, we exist to serve members, and we
say it right in our slogan, We’re Here For You.
One way that The Summit assists members of modest means is by waiving our monthly Relationship
Balance Fee. It’s called the Income Exemption Program. The program offers qualified members
an exemption from Relationship Balance Fees for a period of up to 3 years. We believe that it is
our duty to help members get on solid financial footing to help them in their daily lives.
We currently serve members in a variety of underserved areas including the City of Rochester,
Town of Henrietta, City of Geneva, City of Buffalo, and Town of Amherst.
Free BALANCE Financial Fitness Program
As a not-for-profit member owned financial institution, we live this motto everyday; “We’re Here
to Improve Our Member’s Lives.” We may have taken our greatest step toward offering financial
stability for members with free and confidential counseling services that are now available to
them through our participation in the “BALANCE SM Financial Fitness” program. We believe
that this valuable resource may be
one of the most significant services
ever offered to our members,
especially those who face financial
challenges. BALANCE serves to
help our members manage money
and financial issues better than they
can on their own, and helps
members qualify for credit, or
improve their credit scores so that
they can obtain credit less
expensively.
Buffalo Skyline Photo (left) courtesy of Leon Thomas
Lewek; Rochester Skyline Photo (right) courtesy of
Dixon Schwabl Advertising; Seneca Falls (bottom) courtesy
of www.senecafalls.com
We’re here to improve the lives of
our members, and the BALANCE
program is just one of the ways that
we can accomplish that.
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Our Commitment to
Members
The Summit Federal Credit Union is deeply committed to member and
consumer financial education; in addition, we are dedicating staff and
other resources to help educate members and consumers alike about the
value of credit union membership, philosophy and benefits.
SM
BALANCE FINANCIAL FITNESS PROGRAM. Our members have
access to free and confidential financial counseling and education through
BALANCE. BALANCE provides Money Management Counseling, Debt
Management, Credit Report Review, Housing Counseling and Identity
Theft solutions.
WHEELS FOR WORK PROGRAM. Helps people transition from Welfare to
work by providing low-cost used vehicles and affordable financing from The
Summit for people to use for work.
SCHOLARSHIPS PROGRAMS. The credit union participates in the
Rochester District and New York State Credit Union League Scholarship
programs, each year providing a number of $1,000 college scholarships to
high school seniors.
LITERACY PROGRAMS. The Roland Williams Youth Financial Literacy
Program reached at-risk youth in our community, teaching them the
fundamental money management skills needed to help them in their daily
lives as they enter college, take a job, and build their financial future.
MEMBER COMPANY FINANCIAL EDUCATION SEMINARS. We offer
three Financial Education seminars for employees at member
companies and local non-profits including: Managing Your Finances,
Fraud & Identity Theft and How to Buy Your First Home. These seminars
are attended by members and non-members alike, plus many of these
companies are located in underserved areas.
FINANCIAL EDUCATION EVENTS. The Summit has hosted events such as
“Net Worth/Self Worth” for high-school aged youth at the Wegmans LPGA
Golf Tournament, as well as financial education classes at East Rochester
High School in conjunction with high school curriculums, plus we are active in
the community through presentations at adult education classes in as well.
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Our Commitment to
Youth Members
82
Bugetmania! Game for
High School Students
Teenage
students at the
St. Joseph’s
Villa Avalon
School had a
chance to
contemplate real-life
budgeting questions as
they participated in an
interactive game called
Budgetmania!,
conducted by staff from
The Summit Federal
Credit Union.
Participating students
were assigned an
occupation and received
his or her monthly
income in play money.
Job Shadowing Program
Students from The Community
Place of Greater Rochester
The Summit
has hosted a
number of job
shadowing
events where
teens and atrisk
youth learn
about job skills
and it what it
takes to succeed in a business setting. We
have held these sessions at our branches and
at our corporate headquarters in an effort to
reach as many high-school age kids as
possible. Our staff has volunteered their
Avalon School students participating in
Budgetmania! with the help of
The Summit’s staff.
The students then moved through a variety
of “stations” that mimic the real-life
financial choices and challenges they may
encounter in a typical month. They had to
make many tough choices based on the
amount of money they made and had already
spent. The best news of all, not one student
overspent their budget!
time and talent to help them get a glimpse
of the education and skills needed for
specific
credit
union
jobs.
Job Shadowing Program
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The Communities
Our Commitment to
We Serve
Through direct financial support or other in-kind contributions to
worthwhile local organizations in all markets served, and by
participating in public service activities, The Summit Federal Credit
Union strives to be an active partner in our community.
United Way CASH/VITA Program
Chicken BBQ at Corporate Headquarters
to benefit Eastman Commons
The Summit Federal Credit Union has partnered with The United Way of Greater
Rochester’s CASH/VITA program assisting underserved residents in this area. CASH
stands for Creating Assests, Savings, and Hope. VITA stands for Volunteer Income
Tax Assistance.
The Credit Union has a variety of unique programs that help members in their daily
financial lives. Volunteers from The Summit staff helped hundreds of participants
complete their tax returns at no charge and also counseled people on strategies for
savings, home ownership, and the establishment/repair of their credit. We also reached
out to over 200 unbanked participants and brought them into The Summit’s
membership family, an achievement we’re very proud of.
Deep Community Roots
The values that The Summit Federal Credit Union was founded on is as enduring today as the day we
first began serving members. For over sixty years, we’ve played an active role supporting our members;
where they work, where they live and have made a vigorous commitment to give back to the
communities at large in which we serve.
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The Summit contributes to the
Brighton Education Fund
Summit Employees participate in
the Corporate Challange Road Race

T H E SU M M I T FE D E R A L CR E D I T UN I O N
Rochester
Branch Locations
Brighton
Tops/Brighton Plaza
1900 South Clinton Avenue
Greece/Corporate Office
Canal Ponds Business Park
100 Marina Drive
Henrietta
Southtown Plaza
3333 West Henrietta Road
Hilton
41 Hovey Square
Irondequoit
2111 Hudson Avenue
Penfield
2146 Penfield Road
Seneca Falls
Seneca Falls
123 Fall Street
Buffalo
Clarence
5641 Transit Road
North Buffalo
2290 Delaware Avenue, near Hertel
Shared Branches
Over 30 Additional Credit Union
Shared Branches in the Rochester,
Seneca Falls & Buffalo Areas
www.cuservicecenters.com
www.summitfcu.org
(800) 836-SFCU