2. Summit Federal Credit Union

Summit Federal Credit Union

Popular Accounts at this Credit Union

APYACCOUNT TYPEACCOUNT NAME
2.15%5-year CD54 Month Share Certificate
2.03% - National Average
1.25%1-year CD12 Month Share Certificate
2.45% - Barclays 12 Month Online CDAdvertisement
0.05%SavingsRegular Shares
1.80% - American Express National Bank High Yield Savings AccountAdvertisement
View all Summit Federal Credit Union rates »

Overview / Commentary
www.summitfcu.com
330-376-3626
100 Wheeler St
Akron, OH 44311-1122

Summit Federal Credit Union is headquartered in Akron and is the 99th largest credit union in the state of Ohio. It is also the 2,369th largest credit union in the nation. It was established in 1951 and as of June of 2018, it had grown to 14 employees and 5,057 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
B+

Data as of Q2 2018

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 low asset base.

Health Grade Components

Overall
NCUA #7182
Year Chartered1951
Employees14
Primary Regulator
Profit Margin
Return on Assets - YTD0.66%
Return on Equity - YTD5.62%
Annual Interest Income$675.00K
Assets and Liabilities
AssetsQ2 2018vs Q2 2017$48.8MM$47.3MM
LoansQ2 2018vs Q2 2017$26.9MM$24.5MM
DepositsQ2 2018vs Q2 2017$42.9MM$41.7MM
Equity CapitalQ2 2018vs Q2 2017$5.7MM$5.4MM
Loan Loss AllowanceQ2 2018vs Q2 2017$160.00K$153.00K
Unbacked Noncurrent LoansQ2 2018vs Q2 2017$248.00K$123.00K
Real Estate OwnedQ2 2018vs Q2 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
0.30%$2k-Silver Money Market Checking

Summit Federal Credit Union CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.30%$500-60 Month Share Certificate
2.15%$500-54 Month Share Certificate
2.00%$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
1.25%$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
2.30%$500-60 Month IRA Share Certificate
2.15%$500-54 Month IRA Share Certificate
2.00%$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
1.25%$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 feedback@depositaccounts.com 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.