The Summit Federal Credit Union


Overview / Commentary
585-453-7000
100 Marina Dr
Rochester, NY 14626-5104

The Summit Federal Credit Union is headquartered in ROCHESTER and is the 21st largest credit union in the state of New York. It is also the 322nd largest credit union in the nation. It was established in 1941 and as of June of 2019, it had grown to 231 employees and 86,956 members at 16 locations. The Summit Federal Credit Union has an A health rating.

Field of Membership Restrictions

Membership in The Summit Federal Credit Union is open to those who live, work, worship, volunteer or attend school in the City of Buffalo, City of Geneva, City of Rochester, City of Syracuse, City of Tonawanda, Town of Amherst, Town of Henrietta, Town of Tonawanda, or Cortland County. Employees, retirees, or volunteers of a member company are also eligible to join, as are the relatives of existing Credit Union members.
See current membership details

Related Posts

Special 11 Month Promotional Rates - 3/14/2019

11 month w/ checking acct. 3% APY 11 month w/ 75K min. 3% APY 11 month w/ checking acct. & 75K min. 3.25% APY They also have some other term accounts that have a decent rate too and of course membership eligibility rules apply.

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Reviews (1)

Great neighborhood credit union!

Posted by: tmorrowny | Nov 12, 2014

When my husband and I were looking for a car loan for my son's car, we knew it was going to be hard because we were heading into the Thanksgiving weekend. Imagine our delight at finding that the Summit Credit Union was available to help. From the first moment we called them, we knew we had found a great match, and even better, the branch nearest us is in our neighborhood.

They managed to get all the paperwork done, and by the Monday after Thanksgiving, we were driving our son's first car home to hide in my parents' garage!



A year later, when my wife needed to trade her car in, it was a no-brainer for us to go back to the Summit Federal Credit Union.



Our branch has a great neighborhood vibe to it, from the friendly tellers to the loan staff. They will always be our go-to lender for auto loans!



Health

Health Grade Components

Overall
NCUA #4580
Year Chartered1941
Employees231
Primary Regulator
Profit Margin
Return on Assets - YTD0.47%
Return on Equity - YTD5.29%
Annual Interest Income$17.8MM
Assets and Liabilities
AssetsQ2 2019vs Q2 2018$989.0MM$898.0MM
LoansQ2 2019vs Q2 2018$850.7MM$825.4MM
DepositsQ2 2019vs Q2 2018$880.7MM$793.8MM
Equity CapitalQ2 2019vs Q2 2018$86.7MM$82.1MM
Loan Loss AllowanceQ2 2019vs Q2 2018$2.6MM$2.4MM
Unbacked Noncurrent LoansQ2 2019vs Q2 2018$3.3MM$2.6MM
Real Estate OwnedQ2 2019vs Q2 2018$0$0
Rates

Rates for The Summit Federal Credit Union are currently being reviewed.

Locations

Availability



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