Forward Bound

An account with teens in mind.

Your teenage years are filled with firsts - your first job, first car, first prom, and perhaps your first account. That's why we offer the Forward Bound Program, designed specifically for kids ages 13-17, to help you learn more about money management, investing, saving and use of credit.

Financial tips:

Whether you're looking for information about balancing your checkbook, wondering how much you'll need to save to buy a car, or selecting the perfect college, we're here for you.

  • Car loan payments - Use The Summit's handy loan calculator to determine your monthly payments and interest charges on a new or used car for when you're ready.
  • Investing 101 - Check your investment knowledge with this short quiz.
  • Saving for something special? - Use the Savings Calculator to create a savings plan.
  • Educational resources - Visit the Member Education section of our site for additional information about managing your finances wisely.

Are you college bound?

Don't miss out on our Start Smart Package of services that offers everything, from a Checking account to an innovative Sallie Mae Smart Option Student Loan®, to get you off to a great financial start!

Parents - need help saving for future college costs?

Coverdell Savings Accounts: If you're eligible, you can make contributions of up to $2,000 per year to a Coverdell Savings Account (formerly named Education IRAs). Your money grows tax deferred, and any withdrawals you make to pay qualified education expenses are exempt from federal taxes. Qualified education expenses include college tuition, fees, books, supplies, equipment, services, and certain room and board expenses at eligible educational institutions. Contact The Summit Retirement & Investment Services for more information.

529 College Savings Program: All states sponsor tax-advantaged 529 college savings programs to help families save for future college costs. In general, college savings programs don't have any eligibility income limitations. There are 2 main types of 529 plans and each state's plan has its own distinct terms and features.

  • Prepaid tuition plans allow you to pay tuition in advance and lock in the cost based on today's tuition prices. These plans pool investments and aim to keep pace with tuition increases in your state.
  • College savings plans allow you to save money in a special college savings account for tuition and fees, books and supplies, and certain room and board expenses.

These plans provide variable rates of return based on the investments you choose from the available options. Contact The Summit Retirement & Investment Services for more information.

Not a Forward Bound member yet?

It's easy to become a Forward Bound member - visit a Summit branch with a parent or guardian to open your member account or have your parents print a Membership Enrollment Application from this website.

What parents should know:

  • To become a Forward Bound member, your child must first establish Summit membership.
  • Visit any branch or complete a Membership Enrollment Application with your child's information.
  • A $5 minimum deposit is required to open the account.
  • Your child must have a Social Security Number to open the account.
  • Children under 18 must have an accompanying joint member age 18 or older on the account.



Your savings federally insured to at least $250,000 and backed by the full faith and credit of the United States Government.
National Credit Union Administration, a U.S. Government Agency

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Summit Online Access Enrollment

Enrolling in Online Access is easy - here's how:

If you don't have an Online Access PIN or need assistance, please call (585) 453-7030 or (800) 836-7328.