Featured Savings Rates
Featured Accounts
Overview / Commentary
100 Wheeler St
Akron, OH 44311-1122

Summit Federal Credit Union is headquartered in Akron and is the 100th largest credit union in the state of Ohio. It is also the 2,372nd largest credit union in the nation. It was established in 1951 and as of December of 2017, it had grown to 13 employees and 5,071 members at 2 locations. Summit Federal Credit Union has a B+ health rating.

Field of Membership Restrictions

Membership at Summit Federal is open to any employees or members of eligible companies and organizations, as well as their immediate family members.
See current membership details

Related Posts

View all posts from:


No reviews have been left for this bank yet. Be the first to review.

Additional Factors: Institutions with a small asset base, a short operating history, or negative return on assets can represent an instability risk beyond what their financial ratios indicate. Summit Federal Credit Union has a low asset base.

Health Grade Components

NCUA #7182
Year Chartered1951
Primary Regulator
Profit Margin
Return on Assets - YTD0.38%
Return on Equity - YTD3.25%
Annual Interest Income$1.2MM
Assets and Liabilities
AssetsQ4 2017vs Q4 2016$47.5MM$45.4MM
LoansQ4 2017vs Q4 2016$27.1MM$24.7MM
DepositsQ4 2017vs Q4 2016$41.7MM$39.9MM
Equity CapitalQ4 2017vs Q4 2016$5.5MM$5.4MM
Loan Loss AllowanceQ4 2017vs Q4 2016$174.00K$171.00K
Unbacked Noncurrent LoansQ4 2017vs Q4 2016$159.00K$84.00K
Real Estate OwnedQ4 2017vs Q4 2016$0$0
Skip to rates for:
Report an Issue

Always verify rates and promotions with the bank or credit union. We are not Summit Federal Credit Union; we are a rate comparison website and cannot provide official rates or promotions.

Summit Federal Credit Union Savings Account Rates

0.05%$101-Regular Shares
0.05%$101-Club Account
0.05%$101-IRA Passbook Account
0.05%$101-Roth IRA Passbook Account
0.05%$101-Education IRA

Summit Federal Credit Union Money Market Rates

0.10%$2k-Silver Money Market Checking

Summit Federal Credit Union CD Rates

1.35%$500-60 Month Share Certificate
1.20%$500-54 Month Share Certificate
1.10%$500-48 Month Share Certificate
0.90%$500-42 Month Share Certificate
0.70%$500-36 Month Share Certificate
0.45%$500-24 Month Share Certificate
0.25%$500-12 Month Share Certificate
0.20%$2,500-9 Month Share Certificate
0.15%$2,500-6 Month Share Certificate
0.10%$2,500-3 Month Share Certificate

Summit Federal Credit Union IRA Rates

1.35%$500-60 Month IRA Share Certificate
1.20%$500-54 Month IRA Share Certificate
1.10%$500-48 Month IRA Share Certificate
0.90%$500-42 Month IRA Share Certificate
0.70%$500-36 Month IRA Share Certificate
0.45%$500-24 Month IRA Share Certificate
0.25%$500-12 Month IRA Share Certificate
0.20%$2,500-9 Month IRA Share Certificate
0.15%$2,500-6 Month IRA Share Certificate
0.10%$2,500-3 Month IRA Share Certificate

Summit Federal Credit Union Locations
Branch Office100 Wheeler StAkron, OH 44311-1122
Branch Office1446 State Route 344Salem, OH 44460-3838