CORTLANDVILLE, N.Y. — The Summit Federal Credit Union will soon open a newly constructed branch on Route 13 in the town of Cortlandville, replacing its office in downtown Cortland.
The new 2,000-square-foot branch at 877 Route 13, just outside the Cortland city line, will open for business on Monday, Nov. 13. It will replace The Summit’s location about three miles away at 143 Main St., which will close permanently at 5 p.m. next Thursday, Nov. 9.
The new branch, located in what the credit union calls a popular retail area, will have several amenities not offered in the downtown office, such as an ATM and drive-thru lanes. Additionally, this will be the first branch where employees will each have tablets to assist customers.
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“We’re really mixing the technology that has become so common with banking and the fact that people want a human to answer their questions, especially when it comes to things like buying a house for the first time,” Cheryl Pohlman, VP of marketing and community relations, tells BJNN.
All five employees who worked at The Summit’s Main Street office will move to the new location, Pohlman says. Including a branch manager and director, the Route 13 office will employ seven.
The Summit is leasing the new property from Calabro Properties of Cortland, which managed construction of it. Pohlman declined to disclose Summit’s construction costs.
Rochester–based Summit has 17 offices in Central New York and Western New York, including locations in Syracuse, Rochester, and Buffalo. The credit union was chartered in 1941 and has more than 80,000 active members in 2017.
As of June 30, 2017, The Summit had $879 million in total assets, up from $815 million a year earlier. Its total shares and deposits amounted to $783 million, while loans totaled $788 million.
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