Sep, 30, 2025 — SUMMIT FEDERAL CREDIT UNION is a federal credit union headquartered in AKRON, OH with 2 branch locations and about $58.78 million in total assets. Opened 75 years ago in 1951, SUMMIT FEDERAL CREDIT UNION has about 4,699 members and employs 17 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | SUMMIT FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 100 Wheeler St AKRON, OH 44311-1122 |
| Phone: | (330) 376-3626 |
| Fax: | (330) 376-7196 |
| Website: | https://www.summitfcu.com |
| Branches: | 2 branch locations |
| Members: | 4,699 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 7182 |
|---|---|
| Membership Type: | Multiple common bond - Primarily educational |
| Corporate Credit Union: | No |
| Year Opened: | 1951 |
| Last Audited: | Jun 01, 2025 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $58,777,280 |
| CEO/Manager: | Tiffany M Katzenmeyer |
| Chairperson: | Sandra L Mason |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 10,003,940 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 15,588,677 |
| Unsecured Loans | 1,805,691 |
| Other Loans | 14,648,210 |
| TOTAL LOANS | 32,042,578 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -154,420 |
| Land And Building | 186,054 |
| Other Fixed Assets | 171,366 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 453,054 |
| All Other Assets | 7,995 |
| TOTAL ASSETS | 58,777,280 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 393,407 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 7,066,432 |
| Regular shares | 29,459,910 |
| All Other Shares & Deposits | 13,020,253 |
| TOTAL SHARES & DEPOSITS | 49,546,595 |
| TOTAL LIABILITIES | 49,940,002 |
| Regular Reserve | 0 |
| Other Reserves | 0 |
| Undivided Earnings | 8,837,278 |
| TOTAL EQUITY | 8,837,278 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 58,777,280 |
| INCOME & EXPENSE | |
| Loan Income | 1,338,036 |
| Investment Income | 616,559 |
| Other Income | 136,319 |
| Total Employee Compensation & Benefits | 794,226 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 681,096 |
| Non-operating Income & (Expense) | 239,903 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 18,568 |
| Cost of Funds | 322,983 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 513,944 |
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