Business Details
50+ Years
experience
Your Trusted Partner for Financial Solutions in Akron, OH
Established in 1951, Summit Federal Credit Union has dedicated itself to providing personalized financial services rooted in cooperative principles. Our mission centers on mutual protection and financial assistance for members, offering competitive rates across a comprehensive suite of banking solutions. With a focus on community-driven service, we prioritize member needs through accessible savings accounts, checking options, and lending programs. Our team combines decades of experience with a commitment to financial education, ensuring clients receive expert guidance tailored to their unique circumstances.As a federally insured institution, we maintain rigorous standards of security and transparency while fostering long-term relationships with our members. Our dual emphasis on technological innovation and traditional service values positions us to meet modern financial demands without compromising personal touch. Through strategic growth, we've expanded our service offerings while preserving the core ethos of our founding members.
Services
Savings Accounts
Checking Accounts
Auto Loans
Mortgage Loans
Credit Cards
Financial Literacy
Mobile Banking
ATM Services
Loan Refinancing
Youth Accounts
Details
- Year established: 1951
Highlights and features
- We offer member-owned cooperative financial services since 1951
- Our competitive rates apply to all savings and loan products
- We provide 24/7 surcharge-free access through 33,000+ ATMs nationwide
- Our financial literacy programs include FoolProof educational resources
- We maintain dual insurance coverage for member deposits up to $500,000
Associations and certifications
- NCUA
- Excess Share Insurance, Inc.
Services
Savings Accounts
Our savings accounts provide secure wealth-building opportunities with competitive dividend rates. Members benefit from daily compounding interest and multiple account types including youth savings, club accounts, and regular share savings. All accounts maintain federal insurance up to $500,000 through dual coverage programs. Minimum deposit requirements start at $5 with additional benefits for balances exceeding $101.
Checking Accounts
We offer diverse checking solutions including free Essential Checking, Secure 24 with identity protection, and Fresh Start for rebuilding financial history. All accounts include mobile banking, bill pay, and surcharge-free ATM access. Special features include card valet security and round-up savings integration. Account conversion options support financial improvement over time.
Auto Loans
Our auto loan programs cover new and used vehicle purchases with competitive interest rates and flexible terms. Financing options extend to motorcycles, boats, and RVs. Members receive personalized rate quotes and pre-approval assistance. Loan calculators help determine optimal payment structures while our loan saver tool compares potential savings from refinancing existing debt.
Mortgage Loans
We provide comprehensive mortgage solutions for home purchases, refinancing, and equity loans. Our programs support first-time buyers through competitive rates and flexible down payment options. Equity loan products enable home improvement financing while refinance options help reduce monthly payments. Dedicated loan officers guide members through the entire process.
Financial Literacy
Our financial education platform offers interactive tools for improving money management skills. Members access FoolProof's self-paced courses covering budgeting, credit management, and investment basics. Youth programs include age-specific educational materials and incentive-based savings challenges. All resources emphasize practical application of financial concepts in real-world scenarios.
Questions
How do I open a new account?
Visit our website to start the application process or contact our Akron office. You'll need $5 to open a share savings account, which grants full membership access to all services.
What loan options are available for bad credit?
Our Fresh Start checking program helps rebuild financial history. We also offer secured credit cards and small personal loans designed for credit improvement purposes.
Are there mobile banking options?
Yes, our mobile app provides 24/7 account access with features like mobile check deposit, card controls, and real-time transaction alerts through the Card Valet app.
How does the Round Up Savings Program work?
This program automatically rounds up debit card purchases to the nearest dollar and transfers the difference to your savings account, creating effortless daily savings.
What insurance protections exist for deposits?
All deposits receive $250,000 NCUA insurance plus an additional $250,000 through Excess Share Insurance, totaling $500,000 in coverage for member funds.
Do you offer student loan options?
Yes, we provide private student loans with competitive rates for education expenses not covered by federal programs, including flexible repayment terms for students and parents.
