What are the current interest rates at Summit Federal Credit Union?

Current rates for Summit Federal Credit Union include: 12-Month CD: 2.85%, 18-Month CD: 2.65%, 24-Month CD: 2.65%, 60-Month CD: 2.25%

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Summit Federal Credit Union

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Summit Federal Credit Union Rates & Review October 2026

Q: Is a member application needed to join Summit Federal Credit Union?

Yes, to access services at Summit Federal Credit Union, a member application is required. As a credit union, membership is based on specific eligibility criteria such as where you live, work, or your organizational affiliations.

Q: Are credit management and repair services offered?

While formal credit repair services are not currently listed, Summit Federal Credit Union provides members with tools to manage their accounts and build a solid financial history.

Content reviewed by

Brian McKay

| Editorial Disclosure | ✓Fact Checked | Rates Last Updated and Verified: October 12, 2026

Summit Federal Credit Union's top rates as of October 12, 2026 are 2.85% APY on its 12 Month Term CDs CD, and personal loans from 7.75% APR, according to rates verified by MonitorBankRates. Other Summit Federal Credit Union CD rates include 9 Month Term CDs at 2.85%, 18 Month Term CDs at 2.65%, and 24 Month Term CDs at 2.65%. MonitorBankRates evaluates the financial stability of Summit Federal Credit Union with a 5.0 Star Rating, an A+ Overall Health Grade, and a Texas Ratio of 1.90%. Rates last updated and verified on 10/12/2026.

Summit Federal Credit Union money market rates, and other rates, are continually updated to reflect market conditions. We recommend checking back frequently to get the best money market rates and other rates available. Have you opened an account or have any experiences at Summit Federal Credit Union? Share your experience about Summit Federal Credit Union by leaving a review below, or read customer reviews before you decide to use Summit Federal Credit Union.

Verified Healthy Q2 2026 Use This Badge on Your Credit Union Website

Overall Health & Safety Grade

A+

Exceptional Health Score: 99/100

MonitorBankRates Rating

5.0

Exceptional Out of 5.0 Stars

Texas Ratio

1.90%

Excellent Lower than avg

Health Trend

Very strong 12 quarters

Full history ›

Summit Federal Credit Union
Akron Office

100 Wheeler St
Akron, OH 44311-1122

https://www.summitfcu.com

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Financial health data as of Q2 2026 (NCUA 5300 call report for the quarter ended June 30, 2026). This is the most recent call report available. The NCUA publishes credit union call reports about ten weeks after each quarter ends.

Summit Federal Credit Union CD Rates

Product	Rate	APY	Term
12 Month Term Share Certificates	2.813%	2.85%	12 months
Min Deposit $500 Details Compounding: Monthly Last Updated 10/12/2026 Rate History No change since Oct 8, 2026 · 2.85% APY · checked 2 times Institution Ratings 5.0 Star Rating A+ Health Grade ◈ Texas Ratio: 1.90%
9 Month Term Share Certificates	2.813%	2.85%	9 months
Min Deposit $2,500 Details Compounding: Monthly Last Updated 10/12/2026 Rate History No change since Oct 8, 2026 · 2.85% APY · checked 2 times Institution Ratings 5.0 Star Rating A+ Health Grade ◈ Texas Ratio: 1.90%
18 Month Term Share Certificates	2.618%	2.65%	18 months
Min Deposit $500 Details Compounding: Monthly Last Updated 10/12/2026 Rate History No change since Oct 8, 2026 · 2.65% APY · checked 2 times Institution Ratings 5.0 Star Rating A+ Health Grade ◈ Texas Ratio: 1.90%
24 Month Term Share Certificates	2.618%	2.65%	24 months
Min Deposit $500 Details Compounding: Monthly Last Updated 10/12/2026 Rate History No change since Oct 8, 2026 · 2.65% APY · checked 2 times Institution Ratings 5.0 Star Rating A+ Health Grade ◈ Texas Ratio: 1.90%
3 Month Term Share Certificates	2.423%	2.45%	3 months
Min Deposit $2,500 Details Compounding: Monthly Last Updated 10/12/2026 Rate History No change since Oct 8, 2026 · 2.45% APY · checked 2 times Institution Ratings 5.0 Star Rating A+ Health Grade ◈ Texas Ratio: 1.90%
6 Month Term Share Certificates	2.423%	2.45%	6 months
Min Deposit $2,500 Details Compounding: Monthly Last Updated 10/12/2026 Rate History No change since Oct 8, 2026 · 2.45% APY · checked 2 times Institution Ratings 5.0 Star Rating A+ Health Grade ◈ Texas Ratio: 1.90%
60 Month Term Share Certificates	2.227%	2.25%	60 months
Min Deposit $500 Details Compounding: Monthly Last Updated 10/12/2026 Rate History No change since Oct 8, 2026 · 2.25% APY · checked 2 times Institution Ratings 5.0 Star Rating A+ Health Grade ◈ Texas Ratio: 1.90%
48 Month Term Share Certificates	1.982%	2.00%	48 months
Min Deposit $500 Details Compounding: Monthly Last Updated 10/12/2026 Rate History No change since Oct 8, 2026 · 2.00% APY · checked 2 times Institution Ratings 5.0 Star Rating A+ Health Grade ◈ Texas Ratio: 1.90%
54 Month Term Share Certificates	1.982%	2.00%	54 months
Min Deposit $500 Details Compounding: Monthly Last Updated 10/12/2026 Rate History No change since Oct 8, 2026 · 2.00% APY · checked 2 times Institution Ratings 5.0 Star Rating A+ Health Grade ◈ Texas Ratio: 1.90%
36 Month Term Share Certificates	1.736%	1.75%	36 months
Min Deposit $500 Details Compounding: Monthly Last Updated 10/12/2026 Rate History No change since Oct 8, 2026 · 1.75% APY · checked 2 times Institution Ratings 5.0 Star Rating A+ Health Grade ◈ Texas Ratio: 1.90%
42 Month Term Share Certificates	1.736%	1.75%	42 months
Min Deposit $500 Details Compounding: Monthly Last Updated 10/12/2026 Rate History No change since Oct 8, 2026 · 1.75% APY · checked 2 times Institution Ratings 5.0 Star Rating A+ Health Grade ◈ Texas Ratio: 1.90%

Summit Federal Credit Union Home Equity & HELOC

Product	Rate	Points	APR	Term
Home Equity Line of Credit	-	-	6.75%	300 Months
Details As Low As; Variable; Variable rate based on Wall Street Journal Prime Rate -0.25%; Residence must be owner-occupied within Ohio Last Updated 10/12/2026 Rate History 1 change since Sep 12, 2026 · 6.50% → 6.75% ▲ 0.25 pts · high 6.75% / low 6.50% Oct 4, 20266.75%▲ from 6.50% Sep 12, 20266.50%first recorded Institution Ratings 5.0 Star Rating A+ Health Grade ◈ Texas Ratio: 1.90%
Home Equity Closed End	-	-	7.00%	Up to 180 Months
Details As Low As; Fixed; Residence must be owner-occupied within Ohio; Property insurance required Last Updated 10/12/2026 Rate History No change since Sep 12, 2026 · 7.00% APR · checked 9 times Institution Ratings 5.0 Star Rating A+ Health Grade ◈ Texas Ratio: 1.90%

Summit Federal Credit Union Auto Loan Rates

Product	Rate	Points	APR	Term	View More
Cars & Trucks (single axle drive unit only) (New and Used) Loan	-	-	3.99%	24 - 66 Months
Details As Low As; Rate applies up to 66 mo.; Terms as long as 96 months available Last Updated 10/12/2026 Rate History No change since Sep 12, 2026 · 3.99% APR · checked 8 times Institution Ratings 5.0 Star Rating A+ Health Grade ◈ Texas Ratio: 1.90%

Summit Federal Credit Union Personal Loan Rates

Product	APR	Term	View More
Signature (Unsecured/Personal) Loan	7.75%	Up to 60 Months
Details As Low As Last Updated 10/12/2026 Rate History No change since Sep 12, 2026 · 7.75% APR · checked 8 times Institution Ratings 5.0 Star Rating A+ Health Grade ◈ Texas Ratio: 1.90%

Summit Federal Credit Union Other Rates

Product	Rate	Points	APY/APR	Term
Home Improvement Loan	-	-	7.00%	Up to 180 Months
Details As Low As Last Updated 10/12/2026 Rate History No change since Sep 12, 2026 · 7.00% APR · checked 8 times Institution Ratings 5.0 Star Rating A+ Health Grade ◈ Texas Ratio: 1.90%
Stretch Pay Loans	-	-	26.00%	6 Months
Details As Low As Last Updated 10/12/2026 Rate History No change since Sep 12, 2026 · 26.00% APR · checked 8 times Institution Ratings 5.0 Star Rating A+ Health Grade ◈ Texas Ratio: 1.90%

Important: Rates, terms, and conditions are subject to change without notice. The rates displayed are for information purposes only. Please confirm all rates and terms directly with the financial institution. We strive to keep this information accurate but cannot guarantee it.
Banks and Credit Unions: If you identify an incorrect rate or wish to request the removal of your institution's data from MonitorBankRates.com, please contact us here.

Financial Health History

Summit Federal Credit Union’s Texas Ratio stayed near 1.48% in Q3 2023 to 1.90% in Q2 2026, so its financial health has stayed very strong over the past 12 quarters. Over the same period its Star Rating moved from 5.0 to 5.0. Lower Texas Ratios are healthier — this credit union’s entire history sits far below the 15% threshold for the MBR Verified Healthy badge. Hover over or tap a point for that quarter’s figures.

Swipe the chart sideways to see every quarter.

Texas Ratio, left axis (lower is healthier)MBR Star Rating, right axis (1 to 5)Health Grade

How to read this chart: the two lines move in opposite directions by design. The Texas Ratio (blue) measures trouble, so a rising blue line means more non-performing assets against capital. The Star Rating (green) and Health Grade chips measure strength, so they fall when the Texas Ratio climbs and recover when it drops.

Show the quarterly figures

Quarter	Total assets	Texas Ratio	Star Rating	Health Grade
June 30, 2026	$59M	1.90%	5.0	A+
March 31, 2026	$60M	1.38%	5.0	A+
December 31, 2025	$60M	1.53%	5.0	A+
September 30, 2025	$59M	1.20%	5.0	A+
June 30, 2025	$59M	1.45%	5.0	A+
March 31, 2025	$58M	1.60%	5.0	A+
December 31, 2024	$55M	1.79%	5.0	A+
September 30, 2024	$55M	1.96%	5.0	A+
June 30, 2024	$57M	1.56%	5.0	A+
March 31, 2024	$57M	1.17%	5.0	A+
December 31, 2023	$55M	1.26%	5.0	A+
September 30, 2023	$57M	1.48%	5.0	A+

Source: NCUA 5300 call reports, MonitorBankRates analysis. Ratings shown are recomputed for each quarter with the current methodology and exclude member reviews.

Methodology & Data Sources

MonitorBankRates Star Rating

Our rating for Summit Federal Credit Union is derived from comprehensive financial data published quarterly by the NCUA. Our proprietary rating system evaluates financial stability (including the Texas Ratio and capitalization) and combines it with member feedback (user reviews) to help you make informed banking decisions.

Texas Ratio

We calculate the Texas Ratio using standard industry methodology. This ratio compares the credit union's non-performing assets to its tangible common equity and loan loss reserves to assess financial health.

Rate Data Aggregation

We gather Summit Federal Credit Union rates using proprietary online rate aggregation technology. Our systems scan constantly to provide the most recent rates available to our visitors.

Disclaimer: Interest rates are variable and subject to change without notice. While we strive for accuracy, rates can change rapidly based on market conditions. It is always advisable to check with Summit Federal Credit Union's official website for the most current offers and terms.

Credit Union Profile & Overview

Credit Union Name Summit Federal Credit Union

Website https://www.summitfcu.com

Address 100 Wheeler St, Akron, OH 44311-1122

Phone 330-376-3626

Fax 330-376-7196

President Sandra Mason

CEO Tiffany Katzenmeyer

Full-Time Employees 17

Part-Time Employees 0

Branch Locations 2

ATM Locations 1

NCUA Insured ✓ Yes, up to $250,000 per depositor

Financials

MonitorBankRates Star Rating

5.0 / 5.0 ★

Overall Health & Safety Grade

A+ (99/100)

Texas Ratio

1.90%

Return on Assets (ROA)

0.4769%

Return on Equity (ROE)

3.0670%

Non-Performing Loans Ratio (NPL)

0.56%

Total Assets

59,224,276

Total Amount of Shares and Deposits

49,701,984

Total Shares and Deposits < 1 Year

49,524,082

Total Shares and Deposits 1 3 Years

168,342

Total Shares and Deposits > 3 Years

9,560

Total Uninsured Member Shares and Deposits > $250K (A+A1+B+C+D+E)

1,549,456

Total Uninsured Shares and Deposits > $250K (F+J)

1,549,456

Total Insured Shares and Deposits > $250K (item 17 less item K)

48,152,528

Total Interest Expense (Sum of items 6 8)

184,486

Share Certificates

414

Number of Accounts for Share Drafts

2,121

IRA KEOGH Accounts

121

Number of Accounts for Regular Shares

6,121

All other shares

Money Market Shares

142

Net Worth Classification if credit union is not new (Based upon Call Report data only See instructions)

Well Capitalized

Net Worth Classification if credit union is a new credit union

Well Capitalized

Total Cash on Deposit (Amounts Deposited in Financial Institutions)

8,422,703

Total Liabilities

50,014,602

Source: NCUA — Last Updated 06/30/2026

Q2 2026 MBR Health & Safety Badge

Summit Federal Credit Union earned the Verified Healthy badge

Display this badge on your website to show visitors your Q2 2026 MonitorBankRates recognition. The badge links back to this profile page for independent verification.

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Frequently Asked Questions About Summit Federal Credit Union

How many branches does Summit Federal Credit Union operate?

Summit Federal Credit Union currently maintains approximately multiple branch location(s). Physical branches allow members to access in-person services such as notary consultations and safe deposit boxes.

Is a member application needed to join Summit Federal Credit Union?

Yes, to access services at Summit Federal Credit Union, a member application is required. As a credit union, membership is based on specific eligibility criteria such as where you live, work, or your organizational affiliations.

Is there a first-time homebuyer program?

Currently, Summit Federal Credit Union does not list a specific first-time homebuyer program, but they provide a range of mortgage and home equity products to assist members with property financing.

Are credit management and repair services offered?

While formal credit repair services are not currently listed, Summit Federal Credit Union provides members with tools to manage their accounts and build a solid financial history.

Does Summit Federal Credit Union offer online and mobile banking?

Most modern institutions like Summit Federal Credit Union provide digital access. This includes the ability to check balances, transfer funds, deposit checks via mobile app, and view statements online. You can usually find these services at their official website: https://www.summitfcu.com.