Summit Federal Credit Union

TODAY'S FEATURED RATES

Member FDIC

3.60%

Our Rating

4.3 / 5

American Express

American Express® High Yield Savings Account

See Offer

Sponsored Note: Interest compounds daily, deposited monthly

Member FDIC

3.80%

Our Rating

4.2 / 5

SoFi® Bank, N.A.

SoFi Checking and Savings

See Offer

Sponsored Note: Earn up to 3.80% APY and up to $300 with direct deposit. Members can unlock our highest savings rate with direct deposit OR by depositing $5,000 or more every 30 days. Terms apply. Member FDIC

Member FDIC

3.50%

Our Rating

4.4 / 5

Capital One

360 Performance Savings

See Offer

Sponsored Note: It only takes about 5 minutes to open a fee-free account. Member FDIC.

Member FDIC

4.44%

Our Rating

4.3 / 5

Peak Bank

Envision High Yield Savings

See Offer

Sponsored Note: Member FDIC: Insured up to $250,000. $100 Deposit Earns Interest Immediately.

Member FDIC

up to $300

Our Rating

4.2 / 5

SoFi® Bank, N.A.

SoFi Checking and Savings

See Offer

Sponsored Note: Earn up to $300 with direct deposit, plus 2-day-early-pay. FDIC insured!

Overview / Commentary

www.summitfcu.com

330-376-3626

100 Wheeler St
Akron, OH 44311

Summit Federal Credit Union is headquartered in Akron and is the 104^th largest credit union in the state of Ohio. It is also the 2,300^th 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's CD rates are 4X 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

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Health

B+

Data as of Q1 2025

Learn why bank health matters

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 Chartered	1951
Employees	15
Primary Regulator

Profit Margin
Return on Assets - YTD	1.12%
Return on Equity - YTD	7.49%
Annual Interest Income	$637K

Assets and Liabilities
Assets	Q1 2025vs Q1 2024	$58.4MM$56.6MM
Loans	Q1 2025vs Q1 2024	$32.2MM$32.7MM
Deposits	Q1 2025vs Q1 2024	$49.7MM$48.5MM
Equity Capital	Q1 2025vs Q1 2024	$8.5MM$7.7MM
Loan Loss Allowance	Q1 2025vs Q1 2024	$187K$193K
Unbacked Noncurrent Loans	Q1 2025vs Q1 2024	$138K$93K
Real Estate Owned	Q1 2025vs Q1 2024	$0$0

TODAY'S FEATURED RATES

Member FDIC

3.60%

Our Rating

4.3 / 5

American Express

American Express® High Yield Savings Account

See Offer

Sponsored Note: Interest compounds daily, deposited monthly

Member FDIC

3.80%

Our Rating

4.2 / 5

SoFi® Bank, N.A.

SoFi Checking and Savings

See Offer

Member FDIC

3.50%

Our Rating

4.4 / 5

Capital One

360 Performance Savings

See Offer

Sponsored Note: It only takes about 5 minutes to open a fee-free account. Member FDIC.

Member FDIC

4.44%

Our Rating

4.3 / 5

Peak Bank

Envision High Yield Savings

See Offer

Sponsored Note: Member FDIC: Insured up to $250,000. $100 Deposit Earns Interest Immediately.

Member FDIC

up to $300

Our Rating

4.2 / 5

SoFi® Bank, N.A.

SoFi Checking and Savings

See Offer

Sponsored Note: Earn up to $300 with direct deposit, plus 2-day-early-pay. FDIC insured!

Rates

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Savings
Money Market
CD
IRA

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Summit Federal Credit Union Savings Account Rates

APY	MIN	MAX	ACCOUNT NAME	VIEW DETAILS
0.20%	$101	-	Regular Shares
0.20%	$101	-	Club Account

Summit Federal Credit Union Money Market Rates

APY	MIN	MAX	ACCOUNT NAME	VIEW DETAILS
0.55%	$2k	-	Silver Money Market Checking

Summit Federal Credit Union CD Rates

APY	MIN	MAX	ACCOUNT NAME
4.30%	$2.5k	-	6 Month Share Certificate Special
3.75%	$2.5k	-	9 Month Share Certificate
3.75%	$500	-	12 Month Share Certificate
3.25%	$2.5k	-	3 Month Share Certificate
3.25%	$2.5k	-	6 Month Share Certificate
3.00%	$500	-	24 Month Share Certificate
3.00%	$500	-	18 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 IRA Rates

APY	MIN	MAX	ACCOUNT NAME	VIEW DETAILS
0.20%	$101	-	IRA Passbook Account

Locations

Summit Federal Credit Union Locations
Branch Office	100 Wheeler St	Akron, OH 44311-1122
Branch Office	1070 E State St Ste C	Salem, OH 44460-2200

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