Welcome Summit!
We are excited that you are here.
A message from Ray Shams
President and Chief Executive Officer, San Francisco Federal
We are pleased to welcome you and grateful for the opportunity to serve you. As we come together, our priority is to ensure a seamless transition while providing you with exceptional service, trusted financial guidance, and expanded products and services that support your financial goals.
Your financial life continues without interruption or compromise. The privilege is ours.
Your assets are protected. Your wealth carries the same federal protection it always has, held within an institution built on decades of financial strength.
A seamless transition, by design. Every account, every access point, and every arrangement you rely on continues without interruption.
Everything you value at Summit, and more. The people, the standards, and the relationships that defined Summit remain. What you gain is access to an expanded suite of financial products, enhanced digital capabilities, and a broader network built to serve clients with complex, evolving financial needs, like you.
Two institutions, stronger together. Summit and San Francisco Federal were built on the same belief: that exceptional banking is personal. This union brings together the relationship-driven culture of Summit with the financial depth and institutional strength of one of the Bay Area's most established credit unions.
NCUA insured up to $250,000, the same level of protection as any major bank
Rated 5 stars by BauerFinancial
Recognized by Newsweek as one of America's best credit unions
Need to submit your Opt-In form?
If you would like to enjoy the full benefits of membership, please submit your Opt-In form and include your control number. There are three ways to send it:
Online
Click the Opt-In button below to fill out and submit the form online.
Click welcomesummit@sanfranciscofcu.com to send us an email and attach your signed Opt-In form.
You can return the Opt-In form using the self-addressed envelope provided or mail to:
San Francisco Federal Credit Union
ATTN: Partnership Care Group
770 Golden Gate Ave
San Francisco, CA 94102
If you need another copy of the Opt-In form, you can download one here.
Summit Financial Members
Frequently Asked Questions (FAQs)
Your financial life continues, uninterrupted. Your team, your access, your standards: unchanged. What's new is the institution behind it all: a 5-star BauerFinancial rated, Newsweek's Best Credit Union two years running, and a network built for clients who expect more. The privilege is ours. Need anything? Your dedicated team is one call away.
Welcome to San Francisco Federal
Summit Bank has become part of San Francisco Federal. This partnership brings together two organizations with a shared commitment to personalized service, local decision-making, and supporting our communities.
By joining forces, we can provide customers with expanded products, enhanced technology, additional branch access, and greater financial resources while maintaining the relationship-focused service you value. This partnership is a strategic move to strengthen and expand our shared mission of community-based banking. By joining with San Francisco Federal, you will gain access to broader financial services, enhanced digital tools, and a member-first philosophy, without losing the local relationships and personalized service you
value.
As part of our transition to becoming part of the San Francisco Federal family, the Summit Bank name will change to Summit Financial. The new name reflects our expanded future while preserving the trusted Summit brand that customers and communities have known for years. While the name is changing, our commitment to providing exceptional service, personalized relationships, and financial expertise remains the same.
Yes. All three branches—Oakland, Emeryville, and Walnut Creek—will remain open and operational. The service and team you know will remain familiar. We are here to make this a seamless and welcoming transition.
Not just yet. While Summit and San Francisco Federal are coming together, we are still in the process of aligning our teams, systems, and expertise to ensure a seamless experience for all members. At this time, Summit accounts continue to be serviced through Summit channels. We’re working behind the scenes to equip all associates across both organizations to fully support members—no matter where they visit.
We’ll share updates as soon as in-branch support becomes available. In the meantime, please continue to reach out through your existing Summit service channels for assistance.
Absolutely. One of the greatest strengths of this merger is the dedicated Summit Financial team you already know and trust. Summit Financial was built by family, nurtured by local relationships, and has grown alongside the East Bay community—it is a legacy we deeply respect and are proud to carry forward. San Francisco Federal is committed to preserving these meaningful connections and ensuring that the familiar faces you rely on remain part of your banking experience. By keeping these relationships intact, we’re honoring the heart of Summit Financial while building a stronger future together.
Yes. We have no interest in changing what worked. Summit's relationship-driven approach, expertise, standards, and people are assets we are proud to carry forward. The personal service you value continues, now backed by even more resources.
Not right away. From now through November 1, 2026, your accounts, digital banking, automatic transfers, and payment arrangements all continue without interruption. After November 1, your accounts will be merged onto San Francisco Federal’s systems and we will guide you every step of the way. You will receive information well in advance so you understand what is changing and when.
You will gain access to an expanded suite of financial products, including enhanced lending options, competitive rates, Private Banking and Wealth Management, and an expanded ATM and branch network.
One of the most exciting aspects of this partnership is our shared commitment to community. San Francisco Federal is deeply involved in local causes, financial literacy, and inclusive banking initiatives. We look forward to building on Summit Bank’s legacy of community support and expanding our impact in the East Bay.
Membership Questions
Yes. To take full advantage of products and services offered by San Francisco Federal, Summit Bank customers will need to become members. While you may opt-in after the transaction is completed, we encourage you to do so as soon as possible to avoid any delay in receiving member services. We also recommend checking this page www.sanfranciscofcu.com/Welcome-Summit periodically for updates and additional information.
You will receive instructions on how to opt-in and establish your membership. The process is simple and can be completed online, by mail, or with assistance from our team.
No. Membership requires opening and maintaining the minimum share account balance as outlined in the membership materials.
Loans and Credit
Your existing loan agreements remain in effect with the same terms. As we integrate, you may be offered the opportunity to transition to San Francisco Federal products that could offer additional benefits.
Continue making payments exactly as you do today until you are notified otherwise.
Yes. Great news: San Francisco Federal brings a strong suite of business products and services. From enhanced cash management tools to commercial lending expertise, you’ll gain access to a broader range of resources to help your business grow.
Deposits and Insurance
Yes, absolutely. Both Summit Financial and San Francisco Federal are financially sound and federally insured institutions. Your accounts will continue to be protected by the NCUA (National Credit Union Administration), just as they currently are by the FDIC (Federal Deposit Insurance Corporation). In addition, San Francisco Federal earned a 5-star rating from BauerFinancial and has been named Best Credit Union two years in a row by Newsweek.
Credit union deposits are insured by the National Credit Union Administration through the National Credit Union Share Insurance Fund, providing coverage up to applicable limits.
At this time, simply watch for communications from us and complete your membership opt-in when requested.
Customer Support
We welcome your questions and are here to assist you throughout this transition. For inquiries regarding the transaction, please contact Krystle Johnson, Operations Administrator at Summit Financial, at 510-839-8800 ext. 1224 or via email at kjohnson@summitbanking.com. You may also reach out to your personal banker or visit any Summit Bank branch.
For branch locations and contact details, please visit www.summitbanking.com. While you can opt-in now that the transaction is completed, we encourage you to do so as soon as possible to avoid any delay in receiving member services. We also recommend checking this page www.sanfranciscofcu.com/Welcome-Summit periodically for updates and additional information.
Important Dates
The acquisition was finalized on July 1, 2026. After that, you will begin receiving additional communications about the transition of your accounts to San Francisco Federal.
We will keep you informed every step of the way, including providing advance notice, guidance, and resources related to any updates to your accounts, services, or systems. Our goal is to ensure you feel prepared and supported throughout the transition.
Legal Day 1 – July 1, 2026
• Summit Bank officially becomes part of San Francisco Federal
• Customers continue banking as usual
Operational Conversion – November 1, 2026
• Systems, technology platforms, and operational processes are expected to be fully integrated
• Detailed instructions and support will be provided well in advance
Our Commitment to You
Throughout this transition, our priority is making the experience as seamless as possible. We are committed to keeping you informed, protecting your accounts, and continuing to provide the personalized service you expect. If you have questions at any time, please reach out—we are here to help every step of the way.