Summit Federal Credit Union

Overview / Commentary
100 Wheeler St
Akron, OH 44311

Summit Federal Credit Union is headquartered in Akron and is the 103rd largest credit union in the state of Ohio. It is also the 2,346th largest credit union in the nation. It was established in 1951 and as of September of 2023, it had grown to 14 employees and 4,799 members at 2 locations. Summit Federal Credit Union's CD rates are 5X the national average, and it has a B+ health rating.

Field of Membership Restrictions

Summit Federal Credit Union is open to employees or members of eligible companies and organizations, as well as their immediate family members. (A complete list of requirements and member groups are listed on the credit union's website)
See current membership details


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 relatively low asset base.

Health Grade Components

NCUA #7182
Year Chartered1951
Primary Regulator
Profit Margin
Return on Assets - YTD1.63%
Return on Equity - YTD12.91%
Annual Interest Income$1.7MM
Assets and Liabilities
AssetsQ3 2023vs Q3 2022$57.3MM$59.3MM
LoansQ3 2023vs Q3 2022$32.1MM$29.6MM
DepositsQ3 2023vs Q3 2022$49.6MM$52.6MM
Equity CapitalQ3 2023vs Q3 2022$7.3MM$6.4MM
Loan Loss AllowanceQ3 2023vs Q3 2022$208K$206K
Unbacked Noncurrent LoansQ3 2023vs Q3 2022$112K$13K
Real Estate OwnedQ3 2023vs Q3 2022$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

0.20%$101-Regular Shares
0.20%$101-Club Account
0.20%$101-IRA Passbook Account

Summit Federal Credit Union Money Market Rates

0.55%$2k-Silver Money Market Checking

Summit Federal Credit Union CD Rates

5.15%$2.5k-6 Month Share Certificate
4.75%$500-12 Month Share Certificate
4.50%$2.5k-9 Month Share Certificate
4.25%$2.5k-3 Month Share Certificate
3.50%$500-18 Month Share Certificate
3.25%$500-24 Month Share Certificate
2.25%$500-60 Month Share Certificate
2.00%$500-48 Month Share Certificate
2.00%$500-54 Month Share Certificate
1.75%$500-36 Month Share Certificate
1.75%$500-42 Month Share Certificate

Summit Federal Credit Union Locations
Branch Office100 Wheeler StAkron, OH 44311-1122
Branch Office1070 E State St Ste CSalem, OH 44460-2200

The financial institution, product, and APY (Annual Percentage Yield) data displayed on this website is gathered from various sources and may not reflect all of the offers available in your region. Although we strive to provide the most accurate data possible, we cannot guarantee its accuracy. The content displayed is for general information purposes only; always verify account details and availability with the financial institution before opening an account. Contact [email protected] to report inaccurate info or to request offers be included in this website. We are not affiliated with the financial institutions included in this website.