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

The Summit Federal Credit Union is headquartered in ROCHESTER and is the 22nd largest credit union in the state of New York. It is also the 341st largest credit union in the nation. It was established in 1941 and as of March of 2018, it had grown to 230 employees and 84,595 members at 16 locations. The Summit Federal Credit Union's money market rates are 2X 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.
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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 Grade Components

NCUA #4580
Year Chartered1941
Primary Regulator
Profit Margin
Return on Assets - YTD0.73%
Return on Equity - YTD7.84%
Annual Interest Income$7.5MM
Assets and Liabilities
AssetsQ1 2018vs Q1 2017$880.1MM$859.5MM
LoansQ1 2018vs Q1 2017$815.1MM$771.4MM
DepositsQ1 2018vs Q1 2017$778.4MM$765.5MM
Equity CapitalQ1 2018vs Q1 2017$81.1MM$76.6MM
Loan Loss AllowanceQ1 2018vs Q1 2017$2.4MM$2.3MM
Unbacked Noncurrent LoansQ1 2018vs Q1 2017$1.7MM$2.2MM
Real Estate OwnedQ1 2018vs Q1 2017$0$0
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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

0.75%--IRA Savings
0.05%$100-Primary Savings
0.05%$100-Safari Savings Club
0.05%$100-Forward Bound Savings Club
0.05%$100-Regular Savings
0.05%$100-Health Savings Account

The Summit Federal Credit Union Money Market Rates

OTHER TIERS: 0.75% $1,500 - $75k | 0.80% $75k - $150k
0.75%*$50k*-Money Market
OTHER TIERS: 0.45% $1,500 - $10k | 0.50% $10k - $25k | 0.60% $25k - $50k

The Summit Federal Credit Union Checking Account Rates

0.10%$1k-Premium Checking
0.05%$7.5k-Business Premium Checking

The Summit Federal Credit Union CD Rates

2.60%$500-4-10 Year CD
2.60%$50-4-10 Year Youth CD
2.30%$75k-30 Month Jumbo CD
2.30%$75k-36 Month Jumbo CD
2.30%$75k-42 Month Jumbo CD
2.05%$500-30 Month CD
2.05%$500-36 Month CD
2.05%$500-42 Month CD
2.05%$50-30 Month Youth CD
2.05%$50-36 Month Youth CD
2.05%$50-42 Month Youth CD
2.00%$75k-18 Month Jumbo CD
2.00%$75k-24 Month Jumbo CD
1.75%$500-18 Month CD
1.75%$500-24 Month CD
1.75%$75k-12 Month Jumbo CD
1.75%$50-18 Month Youth CD
1.75%$50-24 Month Youth CD
1.50%$500-12 Month CD
1.50%$50-12 Month Youth CD
1.40%$75k-9 Month Jumbo CD
1.10%$75k-6 Month Jumbo CD
1.05%$75k-120 Day Jumbo CD
1.00%$75k-90 Day Jumbo CD
0.90%$75k-60 Day Jumbo CD
0.85%$500-6 Month CD
0.85%$50-6 Month Youth CD
0.80%$75k-30 Day Jumbo CD
0.75%$500-90 Day CD
0.75%$50-90 Day Youth CD

The Summit Federal Credit Union IRA Rates

2.60%$500-4-10 Year IRA
2.05%$500-30 Month IRA
2.05%$500-36 Month IRA
2.05%$500-42 Month IRA
1.75%$500-18 Month IRA
1.75%$500-24 Month IRA
1.50%$500-12 Month IRA
0.85%$500-6 Month IRA
0.75%$500-90 Day IRA


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