The Summit Blog

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

Starting from Scratch: How to Build Credit – Part 1

August 30, 2023

The first in a four-part series about credit: what it is, why is it important, and how to build your credit.

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Student Loan Repayment, Simplified

August 14, 2023

After a historical hiatus throughout the pandemic, borrowers now face federal student loan repayment. Evaluating your full financial picture and making a repayment plan goes a long way towards reducing stress and uncertainty.

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How to Stay Safe Using Digital Payment Apps

July 26, 2023

There’s no doubt, the convenience of using cash apps to pay family and friends cannot be underestimated. According to a survey by SMS marketing platform, SimpleTexting, 6 in 10 people prefer to use apps, compared to 8% who like to pay in cash. As with any online account, it’s important to stay safe to avoid scams and minimize fees. Here are some tips:

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5 Tips to Jump-Start Your Savings Plan

July 14, 2023

It’s human nature. We’re all wired to meet our immediate wants, whether it’s indulging in a tempting bowl of ice cream, spending more time than we planned scrolling through social media, or treating ourselves to an impulse purchase.

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Reasons to Make a Budget

5 Reasons to Make a Budget

July 5, 2023

Making a budget is important for managing your finances in more ways than you might realize.

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Retirement Savings: All About IRAs

Protecting Your Loved Ones from Elder Fraud

June 13, 2023

Financial exploitation is a reality many seniors face, especially in the age of online scams. Here are actions you can take to help financially safeguard your loved ones. 

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Taste of Syracuse: Meet the 2023 Beneficiaries

May 25, 2023

.With average attendance of over 250,000 people, Taste of Syracuse is the biggest two-day event in Central New York and The Summit has been the title sponsor since 2017. Each year, two local charities are named to be the beneficiaries of the event.

This year’s event will raise funds for two Central New York organizations, each working to make a difference in the lives of area children: Sleep in Heavenly Peace, and PEACE Inc. Big Brothers Big Sisters of Onondaga County.

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Laurie Baker

81st Annual Meeting – Reflecting on 2022 and Looking Forward

May 22, 2023

At our recent annual meeting, held on May 10th, I had the opportunity to briefly reflect on 2022 – a year of exciting new member products and positive strategic growth, and share these thoughts with our members. If you were not able to join us, either in person, or virtually, I wanted to share these with you on this platform, which has become increasingly popular with those visiting our website.

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sweet home

How to Determine the Equity in Your Home

April 17, 2023

Equity. We hear this term a lot with regards to property. But what exactly is it and how do you determine how much you have?

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Laurie Baker

Why The Summit is a Safe and Stable Place for Your Money

March 14, 2023

You may have seen or heard the recent news about the collapse of two financial institutions. We want to reassure our members that The Summit Federal Credit has no relationship to, or investment in, either of these financial institutions.
We are committed to the financial wellness of our members and take our responsibility to protect your money very seriously.

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Certificates 101

March 3, 2023

If you have some extra savings and want to earn higher dividends than a regular savings or money market account, a share certificate might just be the perfect way.

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Common Cents for Couples: How to Manage Money Together

February 8, 2023

For some couples, February might be a month for romantic connection – celebrating Valentine’s Day with dinner reservations or romantic gifting. For others, solidarity and closeness can be found in boycotting Cupid together. Regardless of whether you have a love or hate relationship with the cherubic matchmaker who wields heart-tipped arrows, one thing is certain: cohabitating couples will enjoy a more harmonious relationship when they align on money matters.

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