The Summit Federal Credit Union
Popular Accounts at this Credit Union
| APY | ACCOUNT TYPE | ACCOUNT NAME |
|---|---|---|
| 2.00% | 1-year CD | 13 Month CD Special |
| 0.05% | Savings | Regular Savings |
| 1.80% | 3-year CD | 36 Month CD 2.35% - Synchrony Bank 36 Month CD |
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 338th largest credit union in the nation. It was established in 1941 and as of December of 2017, it had grown to 221 employees and 84,184 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.
See current membership details
Related Posts
Great neighborhood credit union!
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!
Data as of Q4 2017
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 4580 |
| Year Chartered | 1941 |
| Employees | 221 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.47% |
| Return on Equity - YTD | 5.07% |
| Annual Interest Income | $28.7MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q4 2017vs Q4 2016 | $863.7MM$838.1MM |
| Loans | Q4 2017vs Q4 2016 | $812.9MM$764.4MM |
| Deposits | Q4 2017vs Q4 2016 | $760.0MM$745.7MM |
| Equity Capital | Q4 2017vs Q4 2016 | $79.5MM$75.6MM |
| Loan Loss Allowance | Q4 2017vs Q4 2016 | $2.6MM$2.5MM |
| Unbacked Noncurrent Loans | Q4 2017vs Q4 2016 | $2.6MM$2.8MM |
| Real Estate Owned | Q4 2017vs Q4 2016 | $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.
The Summit Federal Credit Union Savings Account Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 0.55% | - | - | 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
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
|---|---|---|---|---|---|
| 0.95%* | $150k* | - | MoneyMax | ||
| OTHER TIERS: 0.55% → $1,500 - $75k | 0.80% → $75k - $150k | |||||
| 0.55%* | $50k* | - | Money Market | ||
| OTHER TIERS: 0.35% → $1,500 - $10k | 0.45% → $10k - $25k | 0.50% → $25k - $50k | |||||
The Summit Federal Credit Union Checking Account Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 0.05% | $1k | - | Premium Checking | |
| 0.05% | $7,500 | - | Business Premium Checking |
The Summit Federal Credit Union CD Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 2.25% | $500 | - | 4-10 Year CD | |
| 2.25% | $75k | - | Jumbo 13 Month Promotional CD | |
| 2.25% | $50 | - | 4-10 Year Youth CD | |
| 2.05% | $75k | - | 30 Month Jumbo CD | |
| 2.05% | $75k | - | 36 Month Jumbo CD | |
| 2.05% | $75k | - | 42 Month Jumbo CD | |
| 2.00% | $10k | - | 13 Month CD Special | |
| 2.00% | $75k | - | 18 Month Jumbo CD | |
| 2.00% | $75k | - | 24 Month Jumbo CD | |
| 1.80% | $500 | - | 30 Month CD | |
| 1.80% | $500 | - | 36 Month CD | |
| 1.80% | $500 | - | 42 Month CD | |
| 1.80% | $50 | - | 30 Month Youth CD | |
| 1.80% | $50 | - | 36 Month Youth CD | |
| 1.80% | $50 | - | 42 Month Youth 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 | |
| 1.00% | $75k | - | 6 Month Jumbo CD | |
| 0.85% | $75k | - | 120 Day Jumbo CD | |
| 0.75% | $500 | - | 6 Month CD | |
| 0.75% | $75k | - | 90 Day Jumbo CD | |
| 0.75% | $50 | - | 6 Month Youth CD | |
| 0.70% | $75k | - | 60 Day Jumbo CD | |
| 0.65% | $75k | - | 30 Day Jumbo CD | |
| 0.50% | $500 | - | 90 Day CD | |
| 0.50% | $50 | - | 90 Day Youth CD |
The Summit Federal Credit Union IRA Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 2.25% | $500 | - | 4-10 Year IRA | |
| 2.00% | $10k | - | 13 Month Promotional IRA | |
| 1.80% | $500 | - | 30 Month IRA | |
| 1.80% | $500 | - | 36 Month IRA | |
| 1.80% | $500 | - | 42 Month IRA | |
| 1.75% | $500 | - | 18 Month IRA | |
| 1.75% | $500 | - | 24 Month IRA | |
| 1.50% | $500 | - | 12 Month IRA | |
| 0.75% | $500 | - | 6 Month IRA | |
| 0.50% | $500 | - | 90 Day IRA |
