2024-05-10T09:37:49-07:00 2023-12-31 990 2023-01-01 560432082 STATE CHARTERED CREDIT UNIONS IN NORTH CAROLINA STAT 3366626200 8210 W MARKET ST GREENSBORO NC 27409 Derek Williamson CFO 3366626200 2024-05-10 Derek Williamson 999009999 1 1 11 0 AAL2 X 2023 2023-04-26 12:10:37Z Sam Whitehurst 8210 West Market St Greensboro NC 27409 21859593 0 X summitcu.org X STATE CHARTERED CREDIT UNION 1935 NC To provide loans and services to members at reasonable rates and costs. # of loans=20,978. Amount=$217,881,704. # of members=33,025. 9 33025 100 9 347519 48091 0 0 16931114 19666593 1520049 1845481 250791 347519 18701954 21859593 0 0 0 0 7591373 8164368 0 0 0 8462158 10995486 16053531 19159854 2648423 2699739 336647250 338211628 297572148 294447434 39075102 43764194 To provide loans and services to members at reasonable rates and costs. 0 0 19159854 To provide loans and services to members at reasonable rates and costs 0 0 0 19159854 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 1 100 1 1 1 0 0 0 0 0 0 0 X 9 33025 0 0 0 0 1 0 0 1 1 0 1 1 0 1 1 1 0 1 0 0 0 NC X Summit Credit Union 3366626200 8210 W MARKET ST GREENSBORO NC 27409 Sam Whitehurst CEO/President 50 0 X 464325 0 0 Derek Williamson SVP/CFO 45 0 X 173605 0 0 G A Thornton Chairman 4 0 X 0 0 0 Dan Greene Vice-Chairman 4 0 X 0 0 0 Paul Francis Treasurer 4 0 X 0 0 0 Sharisse Fuller Secretary 2 0 X 0 0 0 Roger Pyatt Board Member 2 0 X 0 0 0 Tom Welch Board Emeritus 2 0 X 0 0 0 Rick Miller Board member 2 0 X 0 0 0 Paul Martino Board Member 2 0 X 0 0 0 Brenda Gibson Board Member 2 0 X 0 0 0 637930 0 0 2 0 1 0 0 0 Int on Loans 522130 13603582 13603582 0 0 Debit card inc/late fees/NSF and Paid NSF fees 522130 4085214 4085214 0 0 Visa inc/RETC fees/Ins reimb/EAS/Safety dep boxes 522130 927714 927714 0 0 Other Ins reimb/Truestage/GAP Ins 522130 986805 986805 0 0 ShareBranch/Deluxe/Sallie Mae Inc 522130 63278 63278 0 0 0 0 0 0 19666593 1845481 1845481 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Warranty Inc 522130 38600 0 38600 0 Lincoln Fin Inc 522130 305979 0 305979 0 Cuso Inc 522130 2940 0 2940 0 0 0 0 0 347519 21859593 21512074 347519 0 X 5952498 5952498 408674 408674 605846 605846 1197350 1197350 6691 6691 762858 762858 492286 492286 814475 814475 356021 356021 503229 503229 126269 126269 1692313 1692313 408209 408209 21672 21672 Assoc Dues/Mbship fees/SDA&ACH exp/Loan Exp 54360 54360 0 0 Loan Serv/Coll exp/ Credit reports 649282 649282 0 0 Credit/Debit card exp 2615408 2615408 0 0 Prov for loan loss/Ins prem/Supervision fees 2492413 2492413 0 0 0 19159854 19159854 0 0 2743141 2339615 116674092 108440225 0 260849 278706 0 0 192655897 212257764 0 1567815 1698427 14677662 6644362 7446092 8033300 15299364 5163591 336647250 338211628 3292063 13594777 294280085 280852657 297572148 294447434 X 0 0 0 0 39075102 43764194 39075102 43764194 336647250 338211628 2699739 1989353 0 0 0 0 X 1 X 1 0 0 984737 0 984737 8952847 0 3481128 5471719 250319 721620 175974 795965 3694146 0 2929998 764148 73993 0 57262 16731 8033300 Share accounts 112635317 Reclass Negative Shares 103140 Money Market accts 62638370 IRA/Certificate of Dep 54772346 Share draft accts 50703484 280852657 0 0 0 Sam Whitehurst CEO/President 321432 0 142891 0 0 0 0 0 0 0 464323 0 0 0 Derek Williamson SVP/CFO 159481 0 16923 0 0 0 0 0 0 0 176404 0 0 0 Form 990, Part VI, Section A, Line 6 33,025 members Form 990, Part VI, Section B, Line 11b Is approved by the board after the 990 is due/filed. Form 990, Part VI, Section B, Line 12c Performed by the audit and compliance dept. Form 990, Part VI, Section C, Line 19 Financials are posted monthly in each branch lobby for viewing Form 990, Part IX, Line 24e Loan Servicing expenses, DP exp, Processing exp, provision for loan loss, Bond Exp,Misc operating expenses