Members - The Summit Federal Credit Union

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Our Commitment to Members Fee Exemption Program for Members of Modest Means One way we help members each and every day is to provide affordable financial services including reduced fees, higher rates on deposits and lower rates on loans. We strongly believe in providing members of modest means the necessary tools, plus the knowledge to start saving and building credit to begin on the road to a solid financial future. In short, we exist to serve members, and we say it right in our slogan, We’re Here For You. One way that The Summit assists members of modest means is by waiving our monthly Relationship Balance Fee. It’s called the Income Exemption Program. The program offers qualified members an exemption from Relationship Balance Fees for a period of up to 3 years. We believe that it is our duty to help members get on solid financial footing to help them in their daily lives. We currently serve members in a variety of underserved areas including the City of Rochester, Town of Henrietta, City of Geneva, City of Buffalo, and Town of Amherst. Free BALANCE Financial Fitness Program As a not-for-profit member owned financial institution, we live this motto everyday; “We’re Here to Improve Our Member’s Lives.” We may have taken our greatest step toward offering financial stability for members with free and confidential counseling services that are now available to them through our participation in the “BALANCE SM Financial Fitness” program. We believe that this valuable resource may be one of the most significant services ever offered to our members, especially those who face financial challenges. BALANCE serves to help our members manage money and financial issues better than they can on their own, and helps members qualify for credit, or improve their credit scores so that they can obtain credit less expensively. Buffalo Skyline Photo (left) courtesy of Leon Thomas Lewek; Rochester Skyline Photo (right) courtesy of Dixon Schwabl Advertising; Seneca Falls (bottom) courtesy of www.senecafalls.com We’re here to improve the lives of our members, and the BALANCE program is just one of the ways that we can accomplish that. 6
Our Commitment to Members The Summit Federal Credit Union is deeply committed to member and consumer financial education; in addition, we are dedicating staff and other resources to help educate members and consumers alike about the value of credit union membership, philosophy and benefits. SM BALANCE FINANCIAL FITNESS PROGRAM. Our members have access to free and confidential financial counseling and education through BALANCE. BALANCE provides Money Management Counseling, Debt Management, Credit Report Review, Housing Counseling and Identity Theft solutions. WHEELS FOR WORK PROGRAM. Helps people transition from Welfare to work by providing low-cost used vehicles and affordable financing from The Summit for people to use for work. SCHOLARSHIPS PROGRAMS. The credit union participates in the Rochester District and New York State Credit Union League Scholarship programs, each year providing a number of $1,000 college scholarships to high school seniors. LITERACY PROGRAMS. The Roland Williams Youth Financial Literacy Program reached at-risk youth in our community, teaching them the fundamental money management skills needed to help them in their daily lives as they enter college, take a job, and build their financial future. MEMBER COMPANY FINANCIAL EDUCATION SEMINARS. We offer three Financial Education seminars for employees at member companies and local non-profits including: Managing Your Finances, Fraud & Identity Theft and How to Buy Your First Home. These seminars are attended by members and non-members alike, plus many of these companies are located in underserved areas. FINANCIAL EDUCATION EVENTS. The Summit has hosted events such as “Net Worth/Self Worth” for high-school aged youth at the Wegmans LPGA Golf Tournament, as well as financial education classes at East Rochester High School in conjunction with high school curriculums, plus we are active in the community through presentations at adult education classes in as well. 7
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Members - The Summit Federal Credit Union

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