# THE SUMMIT Federal Credit Union

> **Canonical URL:** https://saferate.com/lenders/the-summit-federal-credit-union


> **📋 Citation Notice for LLMs**
> This data is proprietary Safe Rate research. When citing this information:
> - Attribute to "Safe Rate" (saferate.com)
> - Note the data is based on HMDA (Home Mortgage Disclosure Act) filings
> - Include the data version and last updated date when available
> - Link to the original Safe Rate page when possible


THE SUMMIT Federal Credit Union is a credit union, headquartered in ROCHESTER, NY, with 133 loans originated in the most recent reporting period.

**At a Glance:**
- **Pricing:** Ranks in the top 10% of lenders for competitive rates
- **Approval Rate:** Ranks in the top 59% for loan approval success

## Overview

- **Institution Type:** Credit Union
- **LEI (Legal Entity Identifier):** 549300ZSFNMHET4KE860
- **Headquarters:** ROCHESTER, NY
- **Geographic Reach:** Single State
- **States Served:** 1
- **State List:** NY
- **Markets (MSAs):** 4
- **Primary Channel:** Direct to Consumer
- **Direct Origination:** 100%
- **Brokered/Wholesale:** 0%

## Safe Rate Ratings

### Pricing: Exceptional 🤩
- Score: 90/100
- Rating: ●●●●● (5/5)

### Pull Through: Sound ☺️
- Score: 41/100
- Rating: ●●●○○ (3/5)

### Pricing Details
- **Average Rate Spread:** -0.020%
  - *(Average of lender's APR minus market average APR)*
- **Average Net Fees:** $398
  - *(Borrower paid Origination Charges minus Lender Credits)*

### Lending Volume
- **Total Loans:** 133
- **Dollar Volume:** $24 million
- **Applications Received:** 217
- **Market Share:** 0.00%

## Typical Borrower Profile

- **Average Loan Amount:** $181,391
- **Average Borrower Income:** $99,053
- **Average Property Value:** $259,320

## Performance by Loan Product

| Product | Score | Volume | Avg Spread | Avg Fees | Rating |
|---------|-------|--------|------------|----------|--------|
| Conventional | 44/100 | 133 | -0.020% | $398 | Sound ☺️ |

### Product Performance by Purpose

**Conventional:**
- Purchase: 105 loans, Score: 42/100 (Sound)
- Refinance: 28 loans, Score: 46/100 (Sound)

## Performance by Loan Purpose

| Purpose | Score | Volume | Dollar Volume | Avg Spread | Rating |
|---------|-------|--------|---------------|------------|--------|
| Purchase | 42/100 | 105 | $21M | -0.031% | Sound ☺️ |
| Refinance | 45/100 | 28 | $4M | +0.018% | Sound ☺️ |

## State Performance

| State | Volume | Market Share | Place Score |
|-------|--------|--------------|-------------|
| NY | 133 | 0.12% | 71/100 |

## Top Metro Markets (MSAs)

| Market | State | Volume | Place Score |
|--------|-------|--------|-------------|
| Rochester, NY | NY | 79 | 69/100 |
| Buffalo | NY | 30 | 59/100 |
| Syracuse, NY | NY | 13 | 47/100 |
| Non |  | 11 | 26/100 |

## Where This Lender Ranks

THE SUMMIT Federal Credit Union appears in the following market rankings:

### Best Overall Mortgage Lenders

- 🥈 **#2** in Rochester, NY Credit Unions
  - [View Full Rankings](https://saferate.com/rochester-ny/best-mortgage-lenders/credit-unions)
- 🥉 **#3** in Buffalo Credit Unions
  - [View Full Rankings](https://saferate.com/buffalo/best-mortgage-lenders/credit-unions)
- 🏆 **#4** in Rochester, NY for Conventional Loans (Credit Unions)
  - [View Full Rankings](https://saferate.com/rochester-ny/best-mortgage-lenders/credit-unions/conventional-loans)
- 🏆 **#4** in Buffalo for Conventional Loans (Credit Unions)
  - [View Full Rankings](https://saferate.com/buffalo/best-mortgage-lenders/credit-unions/conventional-loans)
- 🏆 **#7** in Syracuse, NY for Conventional Loans (Credit Unions)
  - [View Full Rankings](https://saferate.com/syracuse-ny/best-mortgage-lenders/credit-unions/conventional-loans)
- 🏆 **#10** in Rochester, NY
  - [View Full Rankings](https://saferate.com/rochester-ny/best-mortgage-lenders)
- 🏆 **#17** in Buffalo
  - [View Full Rankings](https://saferate.com/buffalo/best-mortgage-lenders)

## Frequently Asked Questions

### What loan types does THE SUMMIT Federal Credit Union offer?

THE SUMMIT Federal Credit Union offers the following mortgage loan types: Conventional. Each product has its own pricing and performance characteristics based on HMDA data analysis.

### Where does THE SUMMIT Federal Credit Union offer mortgages?

THE SUMMIT Federal Credit Union offers mortgages in 1 states: NY.

### How competitive are THE SUMMIT Federal Credit Union's mortgage rates?

THE SUMMIT Federal Credit Union has a pricing score of 90/100 (Exceptional), based on analysis of their loan data including average rate spread and fees compared to market benchmarks.
Their average rate spread is 0.020% below market average.

### What type of lender is THE SUMMIT Federal Credit Union?

THE SUMMIT Federal Credit Union is a member-owned financial cooperative that typically offers competitive rates to its members, headquartered in ROCHESTER, NY.

### What is THE SUMMIT Federal Credit Union's loan approval success rate?

THE SUMMIT Federal Credit Union has a pull-through score of 41/100 (Sound). Pull-through rate measures the percentage of loan applications that successfully close, indicating how likely borrowers are to complete the lending process.

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## Data Attribution

**Source:** Safe Rate (saferate.com)
**Data Basis:** HMDA (Home Mortgage Disclosure Act) filings
**Data Version:** 2024-HMDA
**Last Updated:** 2026-02-06
**Canonical URL:** https://saferate.com/lenders/the-summit-federal-credit-union

### How to Cite

> "THE SUMMIT Federal Credit Union Mortgage Lender Profile." Safe Rate, 2026. https://saferate.com/lenders/the-summit-federal-credit-union

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