The Summit Blog

Insights and tips to help you with your finances, plus information from The Summit’s community partners.

Everything You Need to Know about Balance Transfers

January 12, 2024

We have annual checkups for our physical health, so why not take care of your financial health and do a financial checkup at the beginning of the year? This annual assessment might include taking an in-depth look at your credit card balances. If you carry over a balance, consider transferring some of those to a lower rate card.

Read More
Laurie Baker

Community Support in the New Year

January 4, 2024

As we enter the New Year, I have started to outline The Summit’s major 2023 accomplishments in preparation for our spring Annual Meeting. Reflecting upon the past year, I am reminded how much The Summit gives back to our local communities and the possibilities 2024 holds.

Read More

Money Mindfulness: Practicing Financial Self-Care

December 28, 2023

The prevalence of self-care messaging reminds us to nurture our physical and mental well-being—with mindfulness practices, exercise routines, and virtual detoxing. But what about financial self-care?

When we cultivate positive money habits and plan for our future we are (quite literally) investing in ourselves. Financial self-care is rooted in self-awareness, discipline, and intentionality. Here are several ways you can practice financial self-care, starting now.

Read More

The Homeownership Dream Come True

December 22, 2023

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.

Read More

5 Tips to Limit (or Completely Avoid) Overdraft Fees

December 19, 2023

Savings, checking, and other accounts offered by your financial institution are important tools that impact your overall financial wellness. To improve confidence around healthy account practices, it’s important to understand the ins and outs of overdraft fees (or “Courtesy Fees” as they are known at The Summit).

Read More

Our Phone System Has Been Upgraded, Offering Better Service Than Ever Before.

December 1, 2023

Our phone system will be upgraded soon, offering better service than ever before. Our new phone system will offer capabilities to get you speaking to a live person as quickly as possible. These features are user-friendly and aim to get you to the right representative for your specific questions.

Read More

The Beauty of Shared Branching

November 27, 2023

One of the things that differentiates credit unions from banks, and even The Summit from some other credit unions, is its membership in the Co-Op Shared Branching Network.

Read More

Protect Your Investment – Winterizing Your Car

November 17, 2023

It is important that you protect that investment and take care of your car or truck in all seasons. In our region, it is inevitable that winter will take a toll on vehicles whether it be the salt used to add traction on highways, unplowed roads, or potholes. 

Here are some tips to prepare you for the long winter season and to help make sure that your vehicle in good shape for winters to come.

Read More

Fraud and Scams – There’s a big difference

November 15, 2023

We hear the terms “fraud” and “scam” often and sometimes interchangeably. Both are ways of separating honest people with their hard-earned money, and no one wants to be a victim of either. However, the two are not synonymous.

Read More

Protect Your Investment – Winterizing Your Home

November 7, 2023

In the region of the country where we live, winter inevitably takes a toll on our property. Your home is your biggest asset, so why not take extra steps to protect it as we near the colder weather? The purpose of winterizing your home is to avoid higher energy costs and any damage caused by ice and snow. Even if you are a renter, it’s important to protect your contents against the ravages of winter.

Read More
Laurie Baker

The Role of Financial Wellness in Today’s Workplace

November 2, 2023

As a credit union, we have the unique opportunity to help other businesses and organizations promote the wellbeing and effectiveness of their workforce. We accomplish this by partnering with hundreds of companies and organizations throughout our regions through The Summit at Work Program.

Read More

Not All Credit Scores are the Same

October 16, 2023

Credit Scores are a snapshot of your individual credit profile at a specific point in time when the scores are generated. There are two main credit scoring models used to determine your credit score: FICO® and VantageScore®. Both use data obtained from consumer credit reports to generate credit scores. Depending upon which model is being used, data affects scores differently and your credit score could vary between the two models.

Read More