Summit Federal Credit Union

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A short history of Summit FCU

Since its inception in 1951 the Summit Federal Credit Union has been serving its members in the AKRON, Ohio area with exceptional financial products. You can find their current interest rates on used car loans, new car loans, 1st mortgage loans and interest rates on both fixed and adjustable mortgages here on these pages. Currently led by Sharon Arthur, the Summit FCU has grown its membership to over 5,140 with assets of more than $47,266,720. They have a main office and 2 branch offices. Please see the credit unions website or contact them by phone at (330) 376-3626 or email them at to get exact details . There are many other credit unions in the local area. See them all here. Credit Unions in AKRON, OH.

General Information For Summit FCU was taken from their 6/30/2017 quarterly report, which is the most current available public information.

Charter Number 7182
Address P O BOX 1460 
State Ohio 
Zip-Code 44309
Phone Number (330) 376-3626
Fax Number (330) 376-7196
Email Address:
CEO/President Sharon Arthur
Members 5,140 
Full-Time Employees 14 
Part-Time Employees
Number of Branch Offices
Total Assets 47,266,720 

Compare Summit Federal Credit Union To Other Local Credit Unions

Credit Union Name
Branch Name
Zip Code
Phone Number
ATM Access
Distance (Miles)
Akron Municipal Employee's CU Akron Municipal Employees C.U. 146 S High St 44308 (330) 375-2020 No 0.10
Firstenergy Family CU Massillon Branch 2600 Erie St S 44646 (330) 830-7041 No 0.30
Bfg CU Main Office 445 S Main St 44311 (330) 374-2990 No 0.59
Buckeye State CU Canton 4100 Munson St NW 44735 (330) 492-5700 No 1.23
Goodyear Employees CU Goodyear Employees 501 Kelly Ave 44306 (330) 724-9391 No 2.90

Summit Federal Credit Union Financial Performance Charts

Performance Charts

Website Image

Financial Data

Summit Federal Credit Union Lowest Loan Rates With State and USA Rankings

Unsecured Credit Card New Car Loans Used Car Loans 1st Mortgage Loans Other Real Estate
Rate N/A 2.49 2.49 3.58 4.00
Mean Rate For All USA Based Credit Unions 10.56 3.72 5.00 4.48 4.95
Rank Among All USA Credit Unions N/A 83 51 80 100
Rank Among All Ohio Credit Unions N/A 12 5 13 13

Summit Federal Credit Union Highest Deposit Rates With State and USA Rankings

Checking Regular Savings Money Market Certificates of Deposits IRA/KEOGH
Rate N/A 0.05 0.10 0.57 0.57
Mean Rate For All USA Based Credit Unions 0.19 0.26 0.29 0.73 0.66
Rank Among All USA Credit Unions N/A 143 134 246 217
Rank Among All Ohio Credit Unions N/A 28 38 70 50
Summit Federal Credit Union Loans and Leases

Interest Rate Number of Loans Amount
Unsecured Credit Card Loans 0.00000
All Other Unsecured Loans/Lines of Credit 7.0005912,986,298
Short-Term, Small Amount Loans (STS) (Federal CU Only) 26.0004921,314
Non-Federally Guaranteed Student Loans 0.00000
New Vehicle Loans 2.49060911,236
Used Vehicle Loans 2.4906485,844,454
Total 1st Mortgage Real Estate Loans/Lines of Credit 3.58023910,502,590
Total Other Real Estate Loans/Lines of Credit 4.0001332,493,792
Leases Receivable 0.00000
Total All Other Loans/Lines of Credit 6.5002521,694,977
TOTAL LOANS & LEASES 1,97224,454,661

Summit Federal Credit Union Real Estate Loans and Lines of Credit


No. of Loans Outstanding Amt of Loans Outstanding No. of Loans Granted Year- to-Date Amount Granted Year-To-Date
Fixed Rate
    a. > 15 years 151,736,5533336,300
    b. 15 Years or less 1637,196,8419545,700
    a. > 15 years 4401,35400
    b. 15 Years or less 0000
Other Fixed Rate 0000
Adjustable Rate 1 yr or less 571,167,84222229,452
Adjustable Rate > 1 yr 0000


Closed-End Fixed Rate 611,336,3685143,600
Closed-End Adjustable Rate 0000
Open-End Adjustable Rate 721,157,42426144,196
Open-End Fixed Rate 0000
TOTALS 37212,996,382651,399,248


Interest Only & Payment Option 1st Mortgage Loans 000
Interest Only & Payment Option Other RE/LOC Loans 000
    a. Federally Insured Home Equity Conversion Mortgage (HECM) 0000
    b. Proprietary Reverse Mortgage Products 0000

Summit Federal Credit Union Member Offerings
First Time Homebuyer Program No
Real Estate Loans Yes
Pay Day Lending No
Share Secured Credit Cards No
Overdraft Protection/Courtesy Pay Yes
Overdraft Lines of Credit No
ATM/Debit Card Program Yes
Interest Only and Payment Option 1st Mortgage Loans No
Check Cashing Yes
Money Orders No
No Surcharge ATMs Yes
Home Banking Via Internet Website Yes