Insights and tips to help you with your finances, plus information from The Summit’s community partners.
November 16, 2022
After over 80 years, The Summit is now serving the second, third, and fourth generation of members. Many of our members started their accounts when the credit union was still known as the Rochester Telephone Company Credit Union. Through subsequent mergers with other credit unions, The Summit grew. Like other family traditions, membership to The Summit can be something that just happens…naturally.
November 7, 2022
Festive gatherings—intended to bring people together—can quickly become the backdrop for Grinchy behavior when money enters the conversation. But with some creative questions (and mindful boundary-setting), finance doesn’t have to be a polarizing subject. Here are six conversation starters you can safely steer towards if you don’t want your great uncle or next-door neighbor giving you the side-eye during dinner.
October 12, 2022
Secured credit cards are credit cards for which those with poor or limited credit history can qualify and begin building their credit. They are a wonderful option for people who have never had a credit card before, or who may not qualify for traditional credit cards because they don’t have a long credit history.
October 6, 2022
Not to be confused with banking on a website, which relies on an internet connection, mobile banking is conducted through an app on your smartphone or tablet. Mobile banking doesn’t always require the internet – it can also be accessed through the device’s data connection.
September 26, 2022
The Homebuyer Dream Program (HDP) can make first time homebuying a reality with a $10,000 grant through the Federal Home Loan Bank of NY that includes $9,500 towards a down payment and closing costs and $500 towards homeownership counseling. The best part? The money doesn’t have to be repaid because it is a grant.
September 1, 2022
It’s September. The scent of autumn is in the air and the kids are back at school. It’s also National College Savings Month – a time to recognize the importance of saving early and often when planning for your child’s education.
August 29, 2022
They seem genuine. They appear to know a lot about you. They are the scammers. Scammers are a sad fact of life in today’s world. It is increasingly important to protect yourself against those who use lies and deceit to separate honest people from their money, property, or identity.
August 19, 2022
College costs money. But while parents and students are calculating the expense of tuition, room and board, they can sometimes overlook the fact that students usually need additional funds for things like supplies, transportation and personal items (and maybe pizza).
August 10, 2022
A recent back-to-school survey shows that parents plan to spend an average of $661 per child for back-to-school shopping this year, up 8% from 2021 and 27% from 2019. Clothing and accessories lead the increase, costing 18% more this year on average. School supplies cost 7% more.
July 22, 2022
A financial journey typically includes several twists and turns – such as understanding how to manage spending, build savings and control debt. There might be “speed bumps” in the form of unexpected changes in income. Along the way, you might also navigate milestone purchases such as financing a home or car.
June 28, 2022
Shared Branching is unique to credit unions. Shared Branching is a national network of credit unions from all over the country that share facilities to give members thousands of convenient locations to perform financial transactions.
June 23, 2022
Taste of Syracuse is the biggest 2-day event in Central New York. This year’s event will raise money for Make-A-Wish Central New York, and McMahon Ryan Child Advocacy Center.
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*As of January 25th, 2022, you will be required to validate your account before making a payment to The Summit via EZ Loan Pay