Summit Federal Credit Union is headquartered in Akron and is the 104th largest credit union in the state of Ohio. It is also the 2,357th largest credit union in the nation. It was established in 1951 and as of September of 2024, it had grown to 14 employees and 4,770 members at 2 locations. Summit Federal Credit Union has a B+ 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 | 1.63% |
Return on Equity - YTD | 11.08% |
Annual Interest Income | $2MM |
Assets and Liabilities | ||
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Assets | Q3 2024vs Q3 2023 | $54.8MM$57.3MM |
Loans | Q3 2024vs Q3 2023 | $32.8MM$32.1MM |
Deposits | Q3 2024vs Q3 2023 | $46.3MM$49.6MM |
Equity Capital | Q3 2024vs Q3 2023 | $8.2MM$7.3MM |
Loan Loss Allowance | Q3 2024vs Q3 2023 | $161K$208K |
Unbacked Noncurrent Loans | Q3 2024vs Q3 2023 | $164K$112K |
Real Estate Owned | Q3 2024vs Q3 2023 | $0$0 |
Sorry, we do not have rate data for Summit Federal Credit Union.
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 |