Summit Federal Credit Union is headquartered in Akron and is the 106th largest credit union in the state of Ohio. It is also the 2,433rd largest credit union in the nation. It was established in 1951 and as of September of 2020, it had grown to 14 employees and 4,921 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 | 14 |
Primary Regulator |
Profit Margin | |
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Return on Assets - YTD | 0.33% |
Return on Equity - YTD | 2.7% |
Annual Interest Income | $1.0MM |
Assets and Liabilities | ||
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Assets | Q3 2020vs Q3 2019 | $50.0MM$46.5MM |
Loans | Q3 2020vs Q3 2019 | $30.3MM$28.1MM |
Deposits | Q3 2020vs Q3 2019 | $43.6MM$40.3MM |
Equity Capital | Q3 2020vs Q3 2019 | $6.2MM$6.0MM |
Loan Loss Allowance | Q3 2020vs Q3 2019 | $217.00K$247.00K |
Unbacked Noncurrent Loans | Q3 2020vs Q3 2019 | $20.00K$32.00K |
Real Estate Owned | Q3 2020vs Q3 2019 | $0$0 |
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.
APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
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0.10% | $101 | - | Regular Shares | |
0.10% | $101 | - | Club Account | |
0.10% | $101 | - | IRA Passbook Account |
APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
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0.15% | $2k | - | Silver Money Market Checking |
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 |