Applications / Mortgage Analytics / Lenders / North Carolina / Summit Credit Union
Greensboro, NC · Credit union · NCUA · $360 million assets · 275 loans in 2025
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275
loans originated, 2025
334
applications, 2025
1
states and territories
0
gaps bigger than at similar lenders
Our analysis, 2025
Summit Credit Union, a North Carolina credit union, is a home-equity lender rather than a mortgage lender: almost nine in ten of its loans are for home improvement or other purposes, and they are small.
Home improvement accounts for 46.5% of its lending and other purposes for 41.5%; purchases make up just 9.5%. Its typical loan is $65,000, against $105,000 at similar lenders (credit unions making between half and twice as many loans), smaller than nearly all of them. That is the shape of a lender that helps members borrow against homes they already own.
It made 34.6% of its loans in majority-minority neighborhoods, against 12.9% at the typical peer, a higher share than about three in four of them. Its share of loans to low- and moderate-income (LMI) borrowers, 33.1%, is also above its peers' 27.6%, and has risen from 27.9% in 2020.
It made 275 loans in 2025, down 11%, while similar lenders grew 6% and the whole market 10%. For a lender this size the fall amounts to a few dozen loans, and its count remains above the 209 of 2020. Whether the drop reflects weaker demand for home-improvement borrowing among its members or a choice of its own cannot be told from these figures.
It lends only in North Carolina, across 35 counties. It has lent around Greensboro and Winston-Salem since 1990 and ranks 84th of 469 lenders in Greensboro. Its dollar share in Greensboro, 0.2%, may understate its reach, because its loans are a fraction of the size of a typical mortgage.
Similar lenders: same lender type, originations between half and twice the lender's in the data year. Written from the 2025 HMDA data and checked figure by figure against it.
FIG. 1 — LOANS ORIGINATED, 2018–2025
Originated means the loan was made: applications denied, withdrawn or not accepted are not counted. Summit Credit Union took 334 applications in 2025.
SOURCE: FFIEC HMDA, LOANS ORIGINATED (ACTION TAKEN: LOAN ORIGINATED)
FIG. 2 — PRODUCT MIX, 2025
Home improvement 46.5% · Other 41.5% · Purchase 9.5% · Refinance 2.5%
Conventional 100.0% · of 275 loans. Purchase: buying a home. Refinance: replacing an existing mortgage, including cash-out. FHA: insured by the Federal Housing Administration. VA: guaranteed by the Department of Veterans Affairs. Conventional: neither.
SOURCE: FFIEC HMDA 2025, LOANS ORIGINATED
Where it lends, 2025
| State | Loans | Share |
|---|---|---|
| North Carolina | 266 | 96.7% |
Largest metro areas, 2025
| Metro area | Loans |
|---|---|
| Greensboro-High Point | 91 |
| Winston-Salem | 60 |
| Hickory-Lenoir-Morganton | 37 |
| Raleigh-Cary | 29 |
| Charlotte-Concord-Gastonia | 10 |
| Wilmington | 5 |
| Burlington | 3 |
| Durham-Chapel Hill | 3 |
| Asheville | 1 |
| Jacksonville | 1 |
Identifiers
| LEI (Legal Entity Identifier, the global company code HMDA has used since 2018) | 2549006CSAAG67CX8Z55 | 2018–2025 |
| RSSD (the Federal Reserve's identifier for banks and their parents) | 101194 | 2004–2023 |
| Respondent ID (the HMDA filer code before 2018) | 563020 | 1990–2017 |
Established 1 January 1935. Reported under HMDA 1990-2025.
Mergers, name changes, data editions and corrections: Summit Credit Union's data.
Summit Credit Union's data
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Summit Credit Union and its peers, 2018–2025: every application in the HMDA data, cleaned and corrected, as Parquet files, with the Jenner programs that made these pages.
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