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The Summit Federal Credit Union


TODAY'S FEATURED RATES
Member FDIC
APY APY = Annual Percentage Yield Rates as of 7/11/2025
4.00%
Our Rating
4.2  / 5
CIT Bank
Platinum Savings
See Offer
Sponsored Note: Earn more with a min. balance of $5K. Savings starts at $100. FDIC Insured.
Member FDIC
APY APY = Annual Percentage Yield Rates as of 7/11/2025
3.80%
Our Rating
4.2  / 5
SoFi® Bank, N.A.
SoFi Checking and Savings
See Offer
Sponsored Note: +0.20% boost to 4.00% for up to 6 months on new accounts with eligible direct deposit. Terms apply.
Member FDIC
APY APY = Annual Percentage Yield Rates as of 7/11/2025
3.60%
Our Rating
4.3  / 5
American Express
American Express® High Yield Savings Account
See Offer
Sponsored Note: Interest compounds daily, deposited monthly
Member FDIC
APY APY = Annual Percentage Yield Rates as of 7/11/2025
4.31%
Our Rating
4.0  / 5
Vio Bank
Cornerstone Money Market
See Offer
Sponsored Note: Interest is compounded daily, growing your money fast
Member FDIC
APY APY = Annual Percentage Yield Rates as of 7/11/2025
3.50%
Our Rating
4.4  / 5
Capital One
360 Performance Savings
See Offer
Sponsored Note: It only takes about 5 minutes to open a fee-free account. Member FDIC.
Member FDIC
APY APY = Annual Percentage Yield Rates as of 7/11/2025
4.44%
Our Rating
4.3  / 5
Peak Bank
Envision High Yield Savings
See Offer
Sponsored Note: Member FDIC: Insured up to $250,000. $100 Deposit Earns Interest Immediately.
Member FDIC
Bonus Amount
up to $300
Our Rating
4.2  / 5
SoFi® Bank, N.A.
SoFi Checking and Savings
See Offer
Sponsored Note: Earn up to $300 with direct deposit, plus 2-day-early-pay. FDIC insured!
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 342nd largest credit union in the nation. It was established in 1941 and as of March of 2025, it had grown to 252 employees and 95,069 members at 14 locations. The Summit Federal Credit Union's CD rates are 5X the national average, and it 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

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Health
A

Data as of Q1 2025

Learn why bank health matters

Health Grade Components

Overall
NCUA #4580
Year Chartered1941
Employees252
Primary Regulator
Profit Margin
Return on Assets - YTD1%
Return on Equity - YTD9.18%
Annual Interest Income$17MM
Assets and Liabilities
AssetsQ1 2025vs Q1 2024$1.4B$1.36B
LoansQ1 2025vs Q1 2024$1.12B$1.1B
DepositsQ1 2025vs Q1 2024$1.24B$1.2B
Equity CapitalQ1 2025vs Q1 2024$150.8MM$135.7MM
Loan Loss AllowanceQ1 2025vs Q1 2024$6.5MM$6.6MM
Unbacked Noncurrent LoansQ1 2025vs Q1 2024$2.7MM$2.4MM
Real Estate OwnedQ1 2025vs Q1 2024$0$0
TODAY'S FEATURED RATES
Member FDIC
APY APY = Annual Percentage Yield Rates as of 7/11/2025
4.00%
Our Rating
4.2  / 5
CIT Bank
Platinum Savings
See Offer
Sponsored Note: Earn more with a min. balance of $5K. Savings starts at $100. FDIC Insured.
Member FDIC
APY APY = Annual Percentage Yield Rates as of 7/11/2025
3.80%
Our Rating
4.2  / 5
SoFi® Bank, N.A.
SoFi Checking and Savings
See Offer
Sponsored Note: +0.20% boost to 4.00% for up to 6 months on new accounts with eligible direct deposit. Terms apply.
Member FDIC
APY APY = Annual Percentage Yield Rates as of 7/11/2025
3.60%
Our Rating
4.3  / 5
American Express
American Express® High Yield Savings Account
See Offer
Sponsored Note: Interest compounds daily, deposited monthly
Member FDIC
APY APY = Annual Percentage Yield Rates as of 7/11/2025
4.31%
Our Rating
4.0  / 5
Vio Bank
Cornerstone Money Market
See Offer
Sponsored Note: Interest is compounded daily, growing your money fast
Member FDIC
APY APY = Annual Percentage Yield Rates as of 7/11/2025
3.50%
Our Rating
4.4  / 5
Capital One
360 Performance Savings
See Offer
Sponsored Note: It only takes about 5 minutes to open a fee-free account. Member FDIC.
Member FDIC
APY APY = Annual Percentage Yield Rates as of 7/11/2025
4.44%
Our Rating
4.3  / 5
Peak Bank
Envision High Yield Savings
See Offer
Sponsored Note: Member FDIC: Insured up to $250,000. $100 Deposit Earns Interest Immediately.
Member FDIC
Bonus Amount
up to $300
Our Rating
4.2  / 5
SoFi® Bank, N.A.
SoFi Checking and Savings
See Offer
Sponsored Note: Earn up to $300 with direct deposit, plus 2-day-early-pay. FDIC insured!
Rates
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* 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
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
1.35%*$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
4.15%$75k-6 Month Jumbo CD
4.10%$75k-12 Month Jumbo CD
3.90%$500-6 Month CD
3.90%$75k-30 Day Jumbo CD
3.90%$75k-18 Month Jumbo CD
3.90%$75k-24 Month Jumbo CD
3.90%$50-6 Month Youth CD
3.85%$500-12 Month CD
3.85%$50-12 Month Youth CD
3.75%$500-90 Day CD
3.75%$50-90 Day Youth CD
3.65%$500-18 Month CD
3.65%$500-24 Month CD
3.65%$50-18 Month Youth CD
3.65%$50-24 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
2.60%$500-4-10 Year CD
2.60%$50-4-10 Year Youth CD

The Summit Federal Credit Union IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
3.90%$500-6 Month IRA
3.85%$500-12 Month IRA
3.75%$500-90 Day IRA
3.65%$500-18 Month IRA
3.65%$500-24 Month IRA
3.00%$500-30 Month IRA
3.00%$500-36 Month IRA
3.00%$500-42 Month IRA
2.60%$500-4-10 Year IRA
1.10%$0-IRA Savings
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