The Summit Blog

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

Set ‘Em and Forget ‘Em: 4 Financial Resolutions You Can Accomplish Now

January 4, 2023

New Year’s resolutions are a mixed bag for many of us. On the one hand: personal betterment! On the other hand: methodical auditing of our refrigerator, checking account, and various vices. On the cusp of a fresh calendar year, we feel compelled to immediately transform our lives, but—as is the case with most good things—change takes time. This is especially true when it comes to financial goals. And in the aftermath of steep holiday spending, our goalposts can feel…far away.   If you want a few financial resolutions that you can achieve early into the new year (because who doesn’t love an easy to-do list??) here are some suggestions. 

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Creative Ways to Save in 2023

December 15, 2022

The New Year offers a great opportunity to make resolutions, whether it’s improving your physical or financial wellbeing. It’s a good time to take stock and make plans to save more cash. Here are some helpful tips!

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Feel Like Folding 2

December 9, 2022

Our origami blogs have been really popular with our members! Here’s a new, easy origami project that you can enjoy. It’s easy enough to involve the entire family!

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Laurie Baker

A Season for Sharing

December 2, 2022

At The Summit Federal Credit Union, we consistently focus on the fundamentals of financial wellness with young people. When we are out in the community talking with students and through our blogs, we always concentrate on the three “S’s”: Save, Spend, and Share.  While we’ve spent a lot of time this year on Saving and Spending, it is “Sharing” that comes to mind especially at this time of year.

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All in the Family

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.

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Money Talk: 6 Family-Proof Financial Topics for Holiday Gatherings

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.

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Secured Credit Cards 101

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.

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Mobile Banking

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.

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Saving for College: It’s Never Too Early to Start!

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.

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Scams and How to Avoid Them

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.

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You’ve Thought About Money FOR College. Now Think About Money AT College

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).

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6 Ideas to Take the Stress out of Back-to-School Shopping

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.

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