A Great Way to Give Your Team More

Valuable benefits for employees and their families. Strategic value and high returns for the employer.

The Summit employee benefit solution brings a full array of financial solutions to the workplace at no cost to the employer! In addition to the gift of “ownership” and highly valuable benefits to employees and their families, The Summit is also a strategic solution for employers who are concerned about the well-being and productivity of their workforce.

Benefits

Employers

  • Free, no-cost enhancement to your employee benefit program

  • Supports a positive corporate image, recruitment, and retention

  • Fast, easy enrollment

  • Full curriculum of free financial seminars

  • Dedicated account management

  • Health, benefit and wellness fair support

  • Unlimited site visits to raise credit union awareness and assist member-employees

  • Employee Home Ownership Solutions

  • Employee Home Ownership Solutions

  • Ongoing savings and promotional opportunities

Employees

  • Membership is available to the entire family

  • Free checking with direct deposit1

  • Nationwide shared-branch network and surcharge-free ATMs

  • Personalized one-on-one financial consultation

  • Mobile, online and telephone support services

  • Free smartphone app, Mobile Check Deposit and many other sophisticated, leading-edge capabilities

  • Mortgage products to meet your needs including First Home Club

  • Retirement and investment planning

1 See our Rate and Fee Schedule for details.


Offering The Summit is Easy!

Every organization is unique, so we take the time to understand your needs and tailor our approach to complement the culture of your organization. Best of all, we do all of the “heavy lifting” to make the implementation process easy and compatible with your business.

Contact us today!

  • Tina Longwell, Sr. Business Relations Specialist, longwell@summitfcu.org –  (585) 453-7272 or (800) 836-7328, extension 7272

Financial Education Programs

At The Summit, we’re somewhat unique in our desire to help you understand the fundamentals of financial services and money management so you can make positive decisions and handle your finances effectively. Check out these presentations for valuable information you can use starting today.

These presentations and information are available at no cost to you and are provided as an educational and informative service to both our members and member companies. For more information, please call (585) 453-7272 or (800) 836-7328 extension 7272.


10 Tips for Establishing Good Financial Habits

  • Set a budget for meals and fun. Take the amount out at the ATM once per week. When this cash is gone, you have no more to spend that week for “treats.” Try not to withdraw more cash unless it is a true emergency. This will help prevent impulse buys and reduce any ATM fees you may be incurring. If you have cash left over at the end of the week, add it to your emergency fund or long term savings account.

  • What do you spend in a month? Create a monthly budget and track expenditures versus income each month to see if you are on track.

  • Save for emergencies. Establish a savings account that doesn’t allow ATM withdrawals. You’ll be less inclined to take the funds out if you have to visit a branch and they will be there when you need them.

  • Get the right terms on a car purchase. When considering an auto loan, try to keep your loan term to no more than 48 months for a used car and 60 months for a new car.

  • Keep it old school. It might be “old school,” but use a check register to accurately track your spending. This is the best way to know exactly where your money is going.

  • Be protected while establishing credit. Get a credit card with a limit you can afford to pay off monthly since your debit card does not help establish your credit history. The limit should be no more than roughly 50% of your monthly income. Credit is also a safer option when making online purchases, and you will need a credit card if you ever need to rent a car, make a plane reservation, or rent a hotel room. Look for a card with no annual fee and a reasonable rate of interest.

  • Don’t let student loans get you down. Keep up with student loan payments, as late loan payments hurt your credit score. If you can’t make payments, contact your student loan lender to see if you qualify for any deferral programs.

  • Set long-term financial goals. Write down your goals and set aside a percentage of your income each month toward them. Vacation? New car? These objectives will be more attainable if you save little by little.

  • Another option for establishing credit. Open a small line of credit tied to your checking account and pay it off monthly. This will help your credit score, and prevent fees for overdrafts or insufficient funds. Don’t use the line of credit intentionally; it should only be an emergency backup.

  • Start saving for retirement now. Participate in your employer-sponsored retirement plans or 401k to the greatest extent you can. Start with at least enough to get the full benefit of any employer match.


Additional Resources

For more helpful information on managing your finances, check out our:

If you’re interested in learning more about the benefits of offering The Summit to your employees, complete and submit this form online. We will be in touch with you shortly.