Overview / Commentary
330-376-3626
100 Wheeler St
Akron, OH 44311-1122

Summit Federal Credit Union is headquartered in Akron and is the 101st largest credit union in the state of Ohio. It is also the 2,410th largest credit union in the nation. It was established in 1951 and as of September of 2018, it had grown to 15 employees and 5,044 members at 2 locations. Summit Federal Credit Union's CD rates are 39% higher than the national average, and it 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:


Reviews

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



Health
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

Overall
NCUA #7182
Year Chartered1951
Employees15
Primary Regulator
Profit Margin
Return on Assets - YTD0.5%
Return on Equity - YTD4.18%
Annual Interest Income$1.0MM
Assets and Liabilities
AssetsQ3 2018vs Q3 2017$46.1MM$47.5MM
LoansQ3 2018vs Q3 2017$27.9MM$27.7MM
DepositsQ3 2018vs Q3 2017$40.2MM$41.9MM
Equity CapitalQ3 2018vs Q3 2017$5.7MM$5.4MM
Loan Loss AllowanceQ3 2018vs Q3 2017$188.00K$175.00K
Unbacked Noncurrent LoansQ3 2018vs Q3 2017$185.00K$185.00K
Real Estate OwnedQ3 2018vs Q3 2017$0$0
Rates
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

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.05%$101-Regular Shares
0.05%$101-Club Account
0.05%$101-IRA Passbook Account

Summit Federal Credit Union Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.35%$2k-Silver Money Market Checking

Summit Federal Credit Union CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.35%$500-60 Month Share Certificate
2.20%$500-54 Month Share Certificate
2.05%$500-48 Month Share Certificate
1.85%$500-42 Month Share Certificate
1.75%$500-36 Month Share Certificate
1.50%$500-24 Month Share Certificate
1.40%$500-18 Month Share Certificate
1.25%$500-12 Month Share Certificate
0.90%$2.5k-9 Month Share Certificate
0.75%$2.5k-6 Month Share Certificate
0.45%$2.5k-3 Month Share Certificate

Summit Federal Credit Union IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.35%$500-60 Month IRA Share Certificate
2.20%$500-54 Month IRA Share Certificate
2.05%$500-48 Month IRA Share Certificate
1.85%$500-42 Month IRA Share Certificate
1.75%$500-36 Month IRA Share Certificate
1.50%$500-24 Month IRA Share Certificate
1.40%$500-18 Month IRA Share Certificate
1.25%$500-12 Month IRA Share Certificate
0.90%$2.5k-9 Month IRA Share Certificate
0.75%$2.5k-6 Month IRA Share Certificate
0.45%$2.5k-3 Month IRA Share Certificate
Locations


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.