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 342nd largest credit union in the nation. It was established in 1941 and as of June of 2024, it had grown to 245 employees and 95,008 members at 14 locations. The Summit Federal Credit Union's CD rates are 5X the national average, and it has an A health rating.
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
Overall | |
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NCUA # | 4580 |
Year Chartered | 1941 |
Employees | 245 |
Primary Regulator |
Profit Margin | |
---|---|
Return on Assets - YTD | 0.74% |
Return on Equity - YTD | 7.24% |
Annual Interest Income | $31.8MM |
Assets and Liabilities | ||
---|---|---|
Assets | Q2 2024vs Q2 2023 | $1.38B$1.3B |
Loans | Q2 2024vs Q2 2023 | $1.13B$1.09B |
Deposits | Q2 2024vs Q2 2023 | $1.22B$1.13B |
Equity Capital | Q2 2024vs Q2 2023 | $138.6MM$119.3MM |
Loan Loss Allowance | Q2 2024vs Q2 2023 | $6.6MM$5.5MM |
Unbacked Noncurrent Loans | Q2 2024vs Q2 2023 | $3.4MM$3.2MM |
Real Estate Owned | Q2 2024vs Q2 2023 | $0$0 |
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.
APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
---|---|---|---|---|
0.15% | $1k | - | Premium Checking | |
0.15% | $7.5k | - | Business Premium Checking |