Summit Federal Credit Union


Overview / Commentary
330-376-3626
100 Wheeler St
Akron, OH 44311

Summit Federal Credit Union is headquartered in Akron and is the 104th largest credit union in the state of Ohio. It is also the 2,300th largest credit union in the nation. It was established in 1951 and as of March of 2025, it had grown to 15 employees and 4,730 members at 2 locations. Summit Federal Credit Union 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)
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Health
B+
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

Overall
NCUA #7182
Year Chartered1951
Employees15
Primary Regulator
Profit Margin
Return on Assets - YTD1.12%
Return on Equity - YTD7.49%
Annual Interest Income$637K
Assets and Liabilities
AssetsQ1 2025vs Q1 2024$58.4MM$56.6MM
LoansQ1 2025vs Q1 2024$32.2MM$32.7MM
DepositsQ1 2025vs Q1 2024$49.7MM$48.5MM
Equity CapitalQ1 2025vs Q1 2024$8.5MM$7.7MM
Loan Loss AllowanceQ1 2025vs Q1 2024$187K$193K
Unbacked Noncurrent LoansQ1 2025vs Q1 2024$138K$93K
Real Estate OwnedQ1 2025vs Q1 2024$0$0
Rates

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Locations


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

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