SUMMIT Credit Union Profile

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SUMMIT

Charter #7182 | NCUA Region 2 | FCU
Low-Income Designation: Yes
Report Date: 2025

Headquarters Contact & Staff

Contact & Info

Phone: (330) 376-3626

Fax: (330) 376-7196

Founding Date: N/A

Website: https://www.summitfcu.com

Personnel & Operations

President: Mason, Sandra

Manager: Katzenmeyer, Tiffany

FT Employees: 15

PT Employees: 2

Designations & Ratios

MDI Status: No

RBC Ratio: 0%

Membership Type: 34

Branches: 2

Hours: 9:00 am to 5:00 pm Mon - Thur 9:00 am to 6

Credit Union Profile Summary

SUMMIT is a FCU Credit Union. With a total of 4,712 members [1], this institution manages approximately $58,567,391 in total assets [1]. It proudly serves as a Low-Income Designated institution. Key financial indicators show a solid Net Worth Ratio of 14.82% [1] and a strong Loan-to-Share Ratio, with loan growth over the last four quarters at -2.06% [1].

Financial Snapshot

Total Assets [1]
$58,567,391

Total economic resources.

Total Loans [1]
$32,064,720

Total value of outstanding loans.

Total Deposits [1]
$49,583,786

Total funds deposited by members.

Members [1]
4,712

Number of active members.

Performance Ratios

Net Worth Ratio [1]
14.82%

This is the credit union's safety cushion; 7.0% is the regulatory minimum. A higher ratio means the credit union is stable.

Return on Assets (ROAA) [1]
1.26%

Measures profitability. Shows profit generated per dollar of assets. Near 1.0% is considered strong.

Loan-to-Share Ratio [1]
64.67%

Measures lending activity using member deposits. Below 100% is generally healthy, balancing lending and liquidity.

Four-Quarter Growth

Asset Growth (4Q) [1]
↑ 3.47%

Indicates change in total size. Positive growth means the credit union is expanding its operations.

Loan Growth (4Q) [1]
↓ -2.06%

Shows change in lending activity. Positive growth means they are actively increasing their lending business.

Member Growth (4Q) [1]
↓ -1.51%

Indicates change in member count. Positive growth is a sign of a healthy, expanding member base.

Headquarters Location & Map

Headquarters Address

100 Wheeler St

Akron, OH, 44311-1122
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Member Ratings & Reviews

Average Member Rating:

N/A / 5.0

Total Approved Reviews:

0

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Branch Locations

Found 2 branches reported by SUMMIT (Charter #7182).

Main Office

Akron Office Main Office

Type: Corporate Office

100 Wheeler St

Akron, OH 44311-1122

Phone: (330) 376-3626

Services: Member Services, ATM

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Additional Branches

Salem

Salem Branch

Type: Branch Office

1070 E State St Ste C

Salem, OH 44460-2200

Phone: (330) 332-8543

Services: Member Services

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