Credit union · NCUA insured
Summit Federal Credit Union
A $59.7M credit union headquartered in Akron, OH, with 4,628 members and 2 branches in Ohio. Best rates: CDs 2.85% and savings 0.55% APY.
Summit Federal Credit Union Carrot Score
84
Carrot Score
Higher than 68% of U.S. banks and credit unions
#7 of 30 in Akron, OH metroHow the score works →
Deposits are federally insured by the NCUA up to $250,000 per depositor.
About Summit Federal Credit Union
- Headquarters
- 100 Wheeler St, Akron, OH 44311-1122
- NCUA charter
- 7182
Branches
2 branches in Ohio
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Ohio
2 branches
Akron area · 1
- Akron OfficeMain office100 Wheeler St, Akron, OH 44311Directions
Salem area · 1
- Salem Branch1070 E State St Ste C, Salem, OH 44460Directions
Walk-in offices from the NCUA directory as of March 31, 2026. Directions open Google Maps. A nearby branch doesn’t mean you can join or open an account.
Financial details
Well capitalizedas reported to the NCUA
| Measure | This credit union | Peers’ middle | Strongest quarter |
|---|---|---|---|
| CapitalNet worth ratio | 15.55% | 14.31% | 19.38% or more |
| Troubled loans60+ days late | 0.56% | 0.70% | 0.18% or less |
| ProfitabilityReturn on assets | 0.95% | 0.65% | 1.19% or more |
| LendingLoans per $100 deposited | $64 | $59 | — |
- CapitalNet worth ratio15.55%Peers’ middle 14.31% · Top 25% 19.38%+
- Troubled loans60+ days late0.56%Peers’ middle 0.70% · Top 25% ≤0.18%
- ProfitabilityReturn on assets0.95%Peers’ middle 0.65% · Top 25% 1.19%+
- LendingLoans per $100 deposited$64Peers’ middle $59
Compared with the 2,478 credit unions with under $100 million in assets. The strongest quarter is what the best 25% of them reach: more capital and profit, fewer troubled loans. Lending has no better end.Troubled loans are loans 60 or more days late.
Regulators’ own ratings of Summit Federal Credit Union are confidential. These figures are what it reports to the NCUA each quarter, set beside its peers; they aren’t a rating.