The 2025 numbers, with 2024 alongside
Condensed and rounded from the audited statements, with the prior year shown for comparison.
This is a demonstration website; rates, products, and figures shown are illustrative only.
What sat behind the numbers
Six things that moved in 2025, and what each one cost or returned.
Net income of $77.3 million did not leave the building it became your capital
A shareholder-owned bank would distribute a share of that to investors. Summit has no investors, so the whole of it was retained as members' equity, lifting the capital ratio from 10.6% to 10.9%. Capital is the cushion that absorbs a bad year without changing how members are treated in it.
How to read this report in ten minutes
Start with the net worth ratio. It is the single best measure of safety, and anything above 7% counts as well capitalised. A ratio that rises year over year, as Summit's did in 2025, means the credit union earned more than it needed to run itself and put the difference into reserve.
Then compare dividends against operating expense, because that pair tells you where the money actually went. In 2025, 36 cents of every revenue dollar came back to members as deposit dividends and 48 cents paid for branches, staff, technology and fraud prevention. The remainder covered credit loss provisions and the retained earnings that became capital.
Finish with delinquency and the auditor's letter. Delinquency tells you how likely next year's losses are; the auditor's opinion is short and worth reading whole. If a number here does not match what you expected, bring it to the annual meeting or write to the board through contact us, and compare it against today's rates to see how the results translate into pricing.
About the 2025 results
Can I see the full audited statements?
Yes. Members may request the complete audited financial statements, including the notes and the independent auditor's opinion. The supervisory committee, a group of member volunteers, appoints that auditor and reports to the membership rather than to management.
Why did dividends jump so much in 2025?
Deposit balances shifted toward high-yield savings and share certificates, which pay considerably more than a basic share account. Summit chose to hold those yields rather than trim them, so dividend expense rose $44.4 million while net income still improved.
Is a 10.9% capital ratio good or just adequate?
It is comfortably strong. The regulatory threshold for well capitalised is 7%, so Summit carries roughly half again as much capital as required. That headroom is what allows loan pricing to stay steady when funding costs move.
Where do the community giving figures sit in the accounts?
The $41,500 donated and $42,500 in scholarships awarded in 2025 run through operating expense, not through a separate fundraising line. Details of who received what are set out on the Summit Foundation page.
Are my deposits insured?
Deposits are federally insured to at least $250,000 per depositor for each ownership category. Many households are covered well beyond that once individual, joint and retirement accounts are counted separately. Ask a branch to map your own coverage.
Questions about the numbers?
Members can request the full statements or bring questions to the annual meeting in spring.