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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 23rd largest credit union in the state of New York. It is also the 325th largest credit union in the nation. It was established in 1941 and as of December of 2016, it had grown to 208 employees and 82,361 members at 17 locations. The Summit Federal Credit Union's CD rates are 44% higher than 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

Related Posts

The Summit FCU (NY) Raises Rate On 1-Year Jumbo CD - 8/26/2016

The Summit FCU (western NY state) has raised the rate on its 1-year Jumbo Share Certificate (1.40% APY). Minimum deposit is $75k, with no balance cap.

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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 - YTD0.43%
Return on Equity - YTD4.74%
Annual Interest Income$25.8MM
Assets and Liabilities
AssetsQ4 2016vs Q4 2015$838.1MM$780.5MM
LoansQ4 2016vs Q4 2015$764.4MM$690.8MM
DepositsQ4 2016vs Q4 2015$745.7MM$685.6MM
Equity CapitalQ4 2016vs Q4 2015$75.6MM$72.9MM
Loan Loss AllowanceQ4 2016vs Q4 2015$2.5MM$1.8MM
Unbacked Noncurrent LoansQ4 2016vs Q4 2015$2.8MM$2.0MM
Real Estate OwnedQ4 2016vs Q4 2015$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

0.40%--Coverdell IRA Savings
0.40%--Roth IRA Savings
0.40%--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: 0.40% $25k - $75k | 0.45% $75k - $150k
0.40%*$50k*-Money Market
OTHER TIERS: 0.20% $1,500 - $10k | 0.25% $10k - $25k | 0.30% $25k - $50k

The Summit Federal Credit Union Checking Account Rates

0.05%$1k-Premium Checking

The Summit Federal Credit Union CD Rates

1.75%$500-4-10 Year CD
1.40%$500-30 Month CD
1.40%$500-36 Month CD
1.40%$500-42 Month CD
1.30%$75k-1 Year Jumbo CD
1.25%$500-18 Month CD
1.25%$500-24 Month CD
1.05%$500-1 Year CD
0.65%$500-6 Month CD
0.50%$75k-30 Day Jumbo CD
0.45%$500-90 Day CD

The Summit Federal Credit Union IRA Rates

1.75%$500-4-10 Year IRA
1.40%$500-30 Month IRA
1.40%$500-36 Month IRA
1.40%$500-42 Month IRA
1.30%$75k-1 Year Jumbo IRA
1.25%$500-18 Month IRA
1.25%$500-24 Month IRA
1.05%$500-1 Year IRA
0.65%$500-6 Month IRA
0.50%$75k-30 Day Jumbo IRA
0.45%$500-90 Day IRA

The Summit Federal Credit Union has 17 locations. Click to view all The Summit Federal Credit Union locations.