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 2,362nd largest credit union in the nation. It was established in 1951 and as of September of 2022, it had grown to 13 employees and 4,787 members at 2 locations. Summit Federal Credit Union has an A 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

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 relatively low asset base.

Health Grade Components

Overall
NCUA #7182
Year Chartered1951
Employees13
Primary Regulator
Profit Margin
Return on Assets - YTD0.31%
Return on Equity - YTD2.88%
Annual Interest Income$991.00K
Assets and Liabilities
AssetsQ3 2022vs Q3 2021$59.3MM$55.9MM
LoansQ3 2022vs Q3 2021$29.6MM$27.2MM
DepositsQ3 2022vs Q3 2021$52.6MM$49.4MM
Equity CapitalQ3 2022vs Q3 2021$6.4MM$6.2MM
Loan Loss AllowanceQ3 2022vs Q3 2021$206.00K$213.00K
Unbacked Noncurrent LoansQ3 2022vs Q3 2021$13.00K$37.00K
Real Estate OwnedQ3 2022vs Q3 2021$0$0
Rates

Rates for Summit Federal Credit Union are currently being reviewed.

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.