The Summit Blog

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

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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A family sitting in front of a wall that they are painting

5 Steps to Prepare for a Big Purchase

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. 

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Shared Branching – What It Is and How You Can Benefit

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.

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The Summit Celebrates Graduating Seniors With College Scholarships

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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local events and community support

Taste of Syracuse 2022: Meet the Beneficiaries

June 2, 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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First Time Homebuyer? Make Sure You’re Prepared for These 7 Hidden Costs.

June 1, 2022

Current low mortgage rates may make it seem like the perfect time to purchase your first home. One of the biggest mistakes first-time homeowners make is spending more than they can afford by overlooking the “true” cost of homeownership. Here are 7 often overlooked costs that can have a big impact on your bottom line.

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Why You Should Consider Refinancing Your Student Loan

May 25, 2022

When you refinance a student loan, you take out a new loan to pay off an existing loan to take advantage of a lower interest rate. Before you do, ask yourself these questions:

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open a new debit card

Saving for Vacation

May 6, 2022

The past two years have changed the way that we travel, or even plan for travelling. Here are some great tips for financing your next trip of a lifetime.

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Financial Literacy Now Ensures Financial Health Later – Advice for College Students

April 5, 2022

By Dawn Kellogg April is Financial Literacy Month! As college students, financial literacy is especially important now as it’s a sign of how financially successful you’ll be later in life. A national study by the Financial Industry Regulatory Authority (FINRA) found that only 34% of Americans could answer basic financial literacy questions. Adopting basic financial skills […]

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Student Loan 101

March 24, 2022

By Dawn Kellogg Congratulations! Your child has just been accepted to the university of their choice!  You cry happy tears, knowing that the next exciting chapter of their life is about to unfold. Then, reality sets in and, possibly, anxiety as you think about how much a degree costs. You might have been setting aside […]

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GreenPath Offers Resources for Members of the Summit

March 15, 2022

By Dawn Kellogg If you’ve ever had a chance to explore The Summit’s website (and we hope you have), you may have noticed some articles and links to GreenPath, The Summit’s Financial Education partner. GreenPath has a wealth of resources available to members of The Summit. Their certified experts can help you navigate the big moments […]

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HELOC 101

March 9, 2022

By Dawn Kellogg What is a Home Equity Line of Credit?  And who/what is it good for? A home equity line of credit, or HELOC, is a type of home equity loan – basically, a second mortgage. It allows you to draw funds as you need them and repay the money at a variable interest rate. […]

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