The Summit Federal Credit Union

Coronavirus Scams Increase

March 20, 2020

COVID-19 coronavirus scams are on the rise. These scams trick people into giving up personal information, allowing scammers to access accounts and withdraw funds. Scams may ask for donations to help victims of the virus. Other scams offer bogus virus prevention or treatment solutions. Others may “alert” you to virus cases nearby. These scams can […]

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Handwashing Under Running Faucet

New Scams Take Advantage of Coronavirus Concerns

March 9, 2020

Cybercriminals are using concerns about COVID-19, the 2019 novel coronavirus, to launch phishing attacks. A phishing email is sent to individuals with the logo of the CDC (Center for Disease Control) Health Alert Network with claims to have a list of local active infections. Upon clicking the link in the email, recipients are instructed to […]

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Blue Home With Sold Tag

Selling a Home

March 6, 2020

Even in a seller’s market, selling a home can be a difficult task. As a result, you’ll want to do your homework ahead of time to ensure that you will be able to sell your home quickly and at the best possible price. Timing is everything You can’t always choose when to put your home […]

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Madelyn George, winner of The Summit's 2019 college scholarship.

Reflecting on The Summit’s College Scholarship

February 24, 2020

What The Summit FCU Scholarship Meant to Me  Madelyn George was The Summit’s 2019 scholarship winner. Here are her thoughts on how the scholarship helped her at the University of Connecticut this year. As time is quickly approaching for The Summit Federal Credit Union’s next scholarship winner to be announced, I reflect on why I […]

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closeup of three people using smart phone.

Scams Targeting People Over 50 Becoming More Prevalent

February 14, 2020

Financial scams are rampant, and those who perpetrate them are becoming craftier each day. It’s increasingly important to be on the lookout for these scams, many of which target people age 50 and above, particularly the elderly. What is a scam? A scammer exploits your trust to get your money. They trick you into revealing […]

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Person with a calculator writing in a ledger book.

Estimating Your Retirement Income Needs

January 27, 2020

You know how important it is to plan for your retirement, but where do you begin? One of your first steps should be to estimate how much income you’ll need to fund your retirement. That’s not as easy as it sounds, because retirement planning is not an exact science. Your specific needs depend on your […]

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Representatives from The Summit and the AHA at the Buffalo Wine and Chocolate Festival 2019

Buffalo Niagara American Heart Association Helps Our Region Stay Healthy

January 21, 2020

Michelle Mason is the Director of Development for the Buffalo Niagara American Heart Association (AHA), beneficiary of our Buffalo Wine and Chocolate Festival to be held January 25, 2020. We asked her to tell us about the AHA’s local impact. I remember the day just like any other. I was a little girl, maybe 8 […]

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woman thinking about money

Five New Money Habits for the New Year

January 9, 2020

As 2019 becomes 2020, lots of people vow to make physical fitness a regular practice in the New Year. But what about financial fitness? Here are 5 money habits that will tone up your financial wellness. 1. Keep watch on your accounts. Getting into the habit of knowing what’s going on in your accounts can […]

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Woman in a Santa Hat Shopping Online with a Credit Card.

Be Smart When Buying Gifts for the Holidays

December 10, 2019

Credit Card Tips for Stress-free Holiday Shopping Shopping is on lots of people’s minds this time of year. With so much enticing merchandise and all those sales grabbing your attention, it can be hard to keep expenditures under control, particularly when using a credit card. Though it doesn’t sparkle or smell like nutmeg, being smart […]

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laptop with credit cards

Should I Transfer My Credit Card Balances?

November 4, 2019

  Why Transferring Balances to a New Card May Be a Good Idea What does it mean to carry a balance? Having a credit card lets you borrow money from the card issuer for purchases. The amount of money you charge during one billing cycle (usually a month) is really a loan. The total amount […]

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