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Summit Federal Credit Union

Popular Accounts at this Credit Union

APYACCOUNT TYPEACCOUNT NAME
1.10%5-year CD54 Month Share Certificate
2.25% - Ally Bank High Yield 5 Year CDAdvertisement
0.20%1-year CD12 Month Share Certificate
1.50% - Ally Bank No Penalty 11-Month CDAdvertisement
0.05%SavingsRegular Shares
1.30% - Synchrony Bank High Yield SavingsAdvertisement
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 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 June of 2017, it had grown to 14 employees and 5,140 members at 2 locations. Summit Federal Credit Union 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.
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Health
B+

Data as of Q2 2017

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 - YTD0.24%
Return on Equity - YTD2.11%
Annual Interest Income$592.00K
Assets and Liabilities
AssetsQ2 2017vs Q2 2016$47.3MM$44.2MM
LoansQ2 2017vs Q2 2016$24.5MM$24.3MM
DepositsQ2 2017vs Q2 2016$41.7MM$38.7MM
Equity CapitalQ2 2017vs Q2 2016$5.4MM$5.3MM
Loan Loss AllowanceQ2 2017vs Q2 2016$153.00K$80.00K
Unbacked Noncurrent LoansQ2 2017vs Q2 2016$123.00K$69.00K
Real Estate OwnedQ2 2017vs Q2 2016$0$0
Rates
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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
0.05%$101-Roth IRA Passbook Account
0.05%$101-Education IRA

Summit Federal Credit Union Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.10%$2k-Silver Money Market Checking

Summit Federal Credit Union CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.25%$500-60 Month Share Certificate
1.10%$500-54 Month Share Certificate
1.00%$500-48 Month Share Certificate
0.80%$500-42 Month Share Certificate
0.60%$500-36 Month Share Certificate
0.40%$500-24 Month Share Certificate
0.20%$500-12 Month Share Certificate
0.15%$2,500-6 Month Share Certificate
0.15%$2,500-9 Month Share Certificate
0.10%$2,500-3 Month Share Certificate

Summit Federal Credit Union IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.25%$500-60 Month IRA Share Certificate
1.10%$500-54 Month IRA Share Certificate
1.00%$500-48 Month IRA Share Certificate
0.80%$500-42 Month IRA Share Certificate
0.60%$500-36 Month IRA Share Certificate
0.40%$500-24 Month IRA Share Certificate
0.20%$500-12 Month IRA Share Certificate
0.15%$2,500-6 Month IRA Share Certificate
0.15%$2,500-9 Month IRA Share Certificate
0.10%$2,500-3 Month IRA Share Certificate
Locations


Summit Federal Credit Union Locations
Branch Office100 Wheeler StAkron, OH 44311-1122
Branch Office1446 State Route 344Salem, OH 44460-3838