The Summit Federal Credit Union


Overview / Commentary
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 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.

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

Reviews

No reviews have been left for this bank yet. Be the first to review.



Health

Health Grade Components

Overall
NCUA #4580
Year Chartered1941
Employees245
Primary Regulator
Profit Margin
Return on Assets - YTD0.74%
Return on Equity - YTD7.24%
Annual Interest Income$31.8MM
Assets and Liabilities
AssetsQ2 2024vs Q2 2023$1.38B$1.3B
LoansQ2 2024vs Q2 2023$1.13B$1.09B
DepositsQ2 2024vs Q2 2023$1.22B$1.13B
Equity CapitalQ2 2024vs Q2 2023$138.6MM$119.3MM
Loan Loss AllowanceQ2 2024vs Q2 2023$6.6MM$5.5MM
Unbacked Noncurrent LoansQ2 2024vs Q2 2023$3.4MM$3.2MM
Real Estate OwnedQ2 2024vs Q2 2023$0$0
Rates
Report an Issue

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

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.10%$0-IRA Savings
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
1.50%*$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 | 0.90% $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
4.80%$75k-6 Month Jumbo CD
4.65%$75k-12 Month Jumbo CD
4.55%$500-6 Month CD
4.55%$50-6 Month Youth CD
4.40%$500-12 Month CD
4.40%$50-12 Month Youth CD
4.25%$75k-18 Month Jumbo CD
4.25%$75k-24 Month Jumbo CD
4.00%$500-90 Day CD
4.00%$500-18 Month CD
4.00%$500-24 Month CD
4.00%$75k-30 Day Jumbo CD
4.00%$50-90 Day Youth CD
4.00%$50-18 Month Youth CD
4.00%$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%$500-4-10 Year CD
3.00%$50-30 Month Youth CD
3.00%$50-36 Month Youth CD
3.00%$50-42 Month Youth CD
3.00%$50-4-10 Year Youth CD

The Summit Federal Credit Union IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
4.55%$500-6 Month IRA
4.40%$500-12 Month IRA
4.00%$500-90 Day IRA
4.00%$500-18 Month IRA
4.00%$500-24 Month IRA
3.00%$500-30 Month IRA
3.00%$500-36 Month IRA
3.00%$500-42 Month IRA
3.00%$500-4-10 Year IRA
Locations

Availability



The financial institution, product, and APY (Annual Percentage Yield) data displayed on this website is gathered from various sources and may not reflect all of the offers available in your region. Although we strive to provide the most accurate data possible, we cannot guarantee its accuracy. The content displayed is for general information purposes only; always verify account details and availability with the financial institution before opening an account. Contact [email protected] to report inaccurate info or to request offers be included in this website. We are not affiliated with the financial institutions included in this website.