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The Summit Federal Credit Union


TODAY'S FEATURED RATES
Member FDIC
APY APY = Annual Percentage Yield Rates as of 1/26/2025
3.80%
Our Rating
4.2  / 5
American Express®
High Yield Savings Account
See Offer
Sponsored Note: Interest compounds daily, deposited monthly
Overview / Commentary
www.summitfcu.org
585-453-7000
100 Marina Dr
Rochester, NY 14626

The Summit Federal Credit Union is headquartered in ROCHESTER and is the 20th largest credit union in the state of New York. It is also the 347th largest credit union in the nation. It was established in 1941 and as of September of 2024, it had grown to 246 employees and 95,042 members at 14 locations. The Summit Federal Credit Union's CD rates are 5X the national average, and it boasts 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.
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Health
A+

Data as of Q3 2024

Learn why bank health matters

Health Grade Components

Overall
NCUA #4580
Year Chartered1941
Employees246
Primary Regulator
Profit Margin
Return on Assets - YTD0.85%
Return on Equity - YTD8.13%
Annual Interest Income$49.1MM
Assets and Liabilities
AssetsQ3 2024vs Q3 2023$1.35B$1.29B
LoansQ3 2024vs Q3 2023$1.14B$1.13B
DepositsQ3 2024vs Q3 2023$1.19B$1.1B
Equity CapitalQ3 2024vs Q3 2023$142.7MM$127.4MM
Loan Loss AllowanceQ3 2024vs Q3 2023$6.3MM$5.7MM
Unbacked Noncurrent LoansQ3 2024vs Q3 2023$3.7MM$3.9MM
Real Estate OwnedQ3 2024vs Q3 2023$0$0
TODAY'S FEATURED RATES
Member FDIC
APY APY = Annual Percentage Yield Rates as of 1/26/2025
3.80%
Our Rating
4.2  / 5
American Express®
High Yield Savings Account
See Offer
Sponsored Note: Interest compounds daily, deposited monthly
Rates
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Always verify rates and promotions with the bank or credit union. We are not The Summit Federal Credit Union; we are a rate comparison website and cannot provide official rates or promotions.

* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

The Summit Federal Credit Union Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.10%$0-IRA Savings
0.60%*$10k*-Health Savings Account
OTHER TIERS: 0.15% → $100 - $2.5k | 0.30% → $2.5k - $10k
0.20%$0-RoundUp Savings
0.05%$100-Primary Savings
0.05%$0-Safari Savings Club
0.05%$0-Forward Bound Savings Club
0.05%$100-Regular Savings
0.05%$100-Saver’s 1000 Savings
0.05%$100-Holiday Club Savings
0.05%$100-Vacation Club Savings
0.05%$100-Club Savings

The Summit Federal Credit Union Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.50%*$150k*-MoneyMax
OTHER TIERS: 1.10% → $1.5k - $75k | 1.20% → $75k - $150k
1.10%*$50k*-Money Market
OTHER TIERS: 0.50% → $1.5k - $10k | 0.80% → $10k - $25k | 1.00% → $25k - $50k

The Summit Federal Credit Union Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.15%$1k-Premium Checking
0.15%$7.5k-Business Premium Checking

The Summit Federal Credit Union CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
4.25%$75k-12 Month Jumbo CD
4.15%$75k-6 Month Jumbo CD
4.10%$75k-18 Month Jumbo CD
4.10%$75k-24 Month Jumbo CD
4.00%$500-12 Month CD
4.00%$75k-30 Day Jumbo CD
4.00%$50-12 Month Youth CD
3.95%$500-6 Month CD
3.95%$50-6 Month Youth CD
3.85%$500-90 Day CD
3.85%$500-24 Month CD
3.85%$50-90 Day Youth CD
3.85%$50-24 Month Youth CD
3.80%$500-18 Month CD
3.80%$50-18 Month Youth CD
3.00%$500-30 Month CD
3.00%$500-36 Month CD
3.00%$500-42 Month CD
3.00%$50-30 Month Youth CD
3.00%$50-36 Month Youth CD
3.00%$50-42 Month Youth CD
2.75%$500-4-10 Year CD
2.75%$50-4-10 Year Youth CD

The Summit Federal Credit Union IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
4.00%$500-12 Month IRA
3.95%$500-6 Month IRA
3.85%$500-90 Day IRA
3.85%$500-18 Month IRA
3.85%$500-24 Month IRA
3.00%$500-30 Month IRA
3.00%$500-36 Month IRA
3.00%$500-42 Month IRA
2.75%$500-4-10 Year IRA
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