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.
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
Membership is available to the entire family
Free checking with direct deposit
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
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, email@example.com – (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.
MONEY MANAGEMENT 101 // A Guide to Smart Budgeting
This presentation provides you with the information and secrets to help you manage your monthly expenses. We provide you with tips and useful resources to assist our members in getting their finances “in order”. By utilizing these valuable resources you will learn how to evaluate your current spending habits, create your own budget and how to save and invest your new found “extra” money.
HOME SWEET HOME // The Road to Home Ownership
This valuable presentation takes prospective homebuyers through the entire process, from down payments to mortgage applications and through to closing. This presentation contains information that even those buying their second or third home will find useful.
CREDIT 101 // Navigating the Credit Highway
This presentation covers the pitfalls of taking on more debt than you can manage and the importance of establishing a good credit history. In addition, we explain Credit Reports, what type of behavior negatively affects your personal credit, and share ideas on the most effective ways to improve your Credit Score.
PROTECTING YOURSELF AGAINST FRAUD AND IDENTITY THEFT
Learn how to take a proactive approach to dealing with this widespread problem. The Summit’s internal Fraud and Loss Prevention Department has outlined the keys to avoiding Fraud and Identity Theft while providing valuable information that can be put into practice starting today!
THE SUMMIT RETIREMENT & INVESTMENT SERVICES
The Summit Retirement & Investment Services provides information and education on a variety of insurance and investment products that complement those available at The Summit Federal Credit Union.
Learn more about our Retirement and Investment Services.
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:
Subscribe to our promotional emails to get the latest news and promotions