Announcements

San Francisco Federal Credit Union and Summit Bank, a respected community bank serving the East Bay since 1982, jointly announced today that they have entered into a definitive agreement whereby San Francisco Federal Credit Union will purchase substantially all the assets and liabilities of Summit Bank in an all-cash transaction. This strategic move, the second of its kind in California, strengthens San Francisco Federal Credit Union’s ability to provide financial solutions for individuals and families, expands commercial services for all member businesses, and increases its branch presence in the Bay Area. With the addition of three new branches in Oakland, Walnut Creek, and Emeryville, we are prepared to welcome new members to the San Francisco Federal Credit Union family, expand our services for existing members, and continue building a strong financial future together. 

Through this transition, the well-being of our members and employees is our top priority. Our leadership will provide timely updates to ensure clear, transparent communication at all times. For more information, please click below to read the Frequently Asked Questions (FAQ) for members and employees.