As always, family members of eligible members can also join Summit CU. Ask at the Credit Union for details.

For Young Investors (FYI) provides teenagers (ages 12-17*) the opportunity to experience the responsibility of proper money handling within comfort zones.

The FYI checking account features:

• no minimum balance
• no monthly service fee
• first box of personalized checks free
• local school mascots available to have imprinted on checks
• ATM card
• Telephone Teller Companion
• FYI loans available*
• FYI VISA available*

(*qualified co-signer may be required)

Get Your Student Loan from Summit CU
Congratulations! You’ve been accepted to a school and have completed your FAFSA (Free Application for Federal Student Aid) to find out if you qualify for financial aid. When the letter arrives, it will indicate the financial aid program for which you qualify and may be accompanied by loan applications and a list of lenders provided by your school’s financial aid office.

Problem! What if your credit union isn’t on your school’s list of lenders? Don’t worry, you can still come to Summit CU for your student loan.

Solution! You are not obligated to use the lenders on your school’s list. Simply fill in our name where specified on the student loan application to indicate you want us to be your lender.

Simplify your finances. Let your Credit Union be your lender. See us for education loans. Contact an FSR at 656-2409 to request a Federal Stafford or Federal Plus loan application today.

Financial Institutions Target Teens
If you’re approaching your 20s, you must be feeling pretty special. Your mailbox fills up with credit card offers, department stores are eager to issue you their credit cards, and credit card companies set up special booths at schools each spring to help you fulfill your dream of an awesome spring break.

What makes you so irresistible to credit card companies? Of course you’re smart and good looking, but it’s your future they’re really after. They want to capture your attention, your business, and your loyalty now, so when you’re older and making more money you’ll still be their customer.

Even by today’s standards, teens like you have a lot of money to spend. As a group, you earn more than $100 billion each year, with 18-and 19-year-olds making nearly $700 a month. Because many parents still help pay for housing and living expenses, many teens can spend their money however they please. It could be you’re buying stereos, cars, and personal computers. You like to go to movies, eat out, and shop. This makes you an attractive target for financial service providers.

The Privilege and Responsibility Combination
Remember, with the privilege of credit comes responsibility. While credit cards are convenient, plastic makes some people spend more money than they can afford to pay back. Keep in mind that each transaction with a credit card is in fact a loan transaction.

Sure, it’s fun to whip out a credit card and buy a new outfit or tickets to a concert, but it’s not nearly as much fun to whip out your checkbook at the end of each month and pay off your bill in full.

Caution Light
If you start using a few different cards, the combined minimum monthly payments alone may be more than you can handle. Pretty soon you might stop opening your bills, or start hiding them in a drawer hoping they’ll just go away. They won’t, but your good credit rating will. And a bad credit rating can hurt your ability to get an apartment, buy a car, or even get a job.

Many lenders may want you to have their credit cards, but they don’t always teach you how to use them properly. When you belong to Summit CU you’re a member, not just a customer. We’re committed to helping members learn how to manage their money, whether it’s a share savings account, a checking account, or a credit card. Plus, you’re likely to earn more money when you save at, and pay lower interest when you borrow from, your credit union.

We want a long-term relationship with you, too. But we won’t take advantage of your inexperience in the process. That’s the credit union difference. Call us when you are ready to learn more about a credit card that grows with you.

We’d like to help you "Plan to Succeed!" See Mapping Your Future for lots of pertinent information on colleges, careers and financial planning to make you a success!  It’s the place for information on careers, colleges and financial aid for higher education.