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.
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
Overall | |
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NCUA # | 7182 |
Year Chartered | 1951 |
Employees | 13 |
Primary Regulator |
Profit Margin | |
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Return on Assets - YTD | 0.31% |
Return on Equity - YTD | 2.88% |
Annual Interest Income | $991.00K |
Assets and Liabilities | ||
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Assets | Q3 2022vs Q3 2021 | $59.3MM$55.9MM |
Loans | Q3 2022vs Q3 2021 | $29.6MM$27.2MM |
Deposits | Q3 2022vs Q3 2021 | $52.6MM$49.4MM |
Equity Capital | Q3 2022vs Q3 2021 | $6.4MM$6.2MM |
Loan Loss Allowance | Q3 2022vs Q3 2021 | $206.00K$213.00K |
Unbacked Noncurrent Loans | Q3 2022vs Q3 2021 | $13.00K$37.00K |
Real Estate Owned | Q3 2022vs Q3 2021 | $0$0 |
Rates for Summit Federal Credit Union are currently being reviewed.
Summit Federal Credit Union Locations | ||
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Branch Office | 100 Wheeler St | Akron, OH 44311-1122 |
Branch Office | 1070 E State St Ste C | Salem, OH 44460-2200 |