We're Here to Help (315) 735-8571

Youth Month Winners

June 1, 2017

April was National Credit Union Youth Month, and to encourage our younger Members to start (or continue) a savings habit, we created a contest. Everyone who made a deposit to a youth account during the month of April was entered to win one of five prizes.

We had a great turnout, with many of our youth Members making deposits. From among all the entries, we randomly chose our five winners. Winners of Utica Zoo passes are:
From left to right: Rocco B., Colin P., Evan D., Andrew W.

Our grand prize winner, who will go on a special Utica Zoo Animal Encounter, is Francesca D. Watch for a great picture of Francesca on her Animal Encounter next month.

Thanks to everyone who entered. Keep up those savings habits, and you’ll all be big winners as your savings grow!

Big Changes at the Utica Zoo

June 1, 2017

For many years, the Utica Zoo has been building on their long and rewarding tradition of bringing education and entertainment to the Mohawk Valley and Central New York. Now, they are digging into even bigger plans.

Back in September of 2016, we sponsored the Zoo’s Dream Big Master Plan Unveiling Initiative, where we announced a $60,000 contribution to the Utica Zoo Sinnott Education Center, a facility dedicated to giving attendees a glimpse behind the scenes of their ambassador and education animals. These animals are usually only visible when they travel to school classrooms, fairs, and other events to help people learn about the zoo’s important conservation work, and about the natural world. The Sinnott Center will give us a chance to see these wonderful animals during their training, both before and during their time visiting people outside of the facility.

Preparation for the new center has begun, as demolition of the old structure is completed. Renovations to the new space are beginning, and First Source CEO Mike Parsons joined other community leaders in celebrating the start of work with a ceremonial “shovel-ready” event on the site.

From left to right: Utica Zoo Executive Director Andria Heath, Joan M. Sinnott, PhD, Mayor Robert M. Palmieri, Senator Joe Griffo, First Source Federal Credit Union CEO Mike Parsons

We look forward to seeing the new Sinnott Education Center take shape, along with the other exciting new initiatives at the Utica Zoo in the months and years ahead!

Simple Requirements for a Boat Loan

June 20, 2017

Man driving a boat

Covering the Right Boat

A Boat Loan can be used to finance boats of many sizes, from tracker, ranger, and bass boats up to inboard or outboard motor boats, runabouts, and pontoon boats (party barges). For a smaller craft, like a kayak, canoe, or even a jet ski, a Recreational or Personal Loan is recommended. Our staff can talk to you about which loan matches your needs.

Determining the Length of Your Boat Loan

Boat Loans come in a variety of terms and rates that depend on the length of the loan as well as your credit and financial standing. For new and late model boats, terms can be from 12 months to 180 months (1 to 15 years). For older craft, terms can range from 12 months to 120 months (1 to 10 years). Interest rates generally rise as the length of the loan increases. If you are approved for financing, we can help you work out a length of loan and terms that match your financial and budgetary needs and capabilities.

Figuring Out if You Qualify

The answer depends on the loan you are trying to obtain—the amount, length, and any other specific needs you have. Generally, you’ll want good credit standing, an income that is compatible with your loan amount, and good financial footing. Your individual life circumstances, finances, and credit standing will help determine if you are qualified. We’ll cover them when we meet with you, explain how financing works, and see if you qualify for the terms you need to fit your budget and lifestyle.

What if You Don’t Meet the Requirements?

If an analysis of your financial and credit standing reveal that you do not yet qualify for the Boat Loan you want, we can make recommendations for different loan amounts or terms, and help you make a plan to improve your credit-worthiness.

You can get an idea of what your payments would be under different repayment lengths and interest rates by checking our Boat Loan rates page or using our Boat Loan Calculator.

Learn More

Visit our Boat Loan page to learn more about how Boat Loans work, then Live Smarter by setting up an appointment with one of our friendly representatives to discuss your needs. 




How to Finance a Motorcycle

June 20, 2017

Man about to ride a motorcycle he financed
Getting ready to apply for a Motorcycle Loan

1. Find Out if You Qualify

You’ve dreamed about this bike for some time, but it’s not a good idea to rush in blindly when it comes to financing. We’re here to breakdown the process and answer your questions.

In many ways, financing a motorcycle is a lot like financing any other road-worthy vehicle. There are just a few key factors to consider if you want to know if you can qualify for a new or used motorcycle loan:

  • Your credit standing
  • Your debt to income ratio (cash flow)
  • Your cash in hand

Secondary issues will affect if and how you can pay back your loan, such as the length, interest rate, and other terms of your loan.

Learn more about our Motorcycle Loans here.

2. Check Your Credit Standing

This includes your credit history and credit-worthiness. You can check your own credit ahead of time and we’ll take a look during the loan approval or pre-approval process. Have you always made loan payments on time? Do you keep your credit within practical limits (avoid over-extending yourself)? Do you have a limited number of loans you are currently paying? Do you have high balances on your credit cards? These and other factors can affect your credit standing.

Talking with a loan representative can help you discover the details about your situation, and if your credit needs improvement, we can suggest some great moves to help.

3. Decide How Much You Can Afford

Before you apply for motorcycle financing, figure out your budget and get a rough idea of how much you can afford. You don’t want to stretch yourself thin so that you can’t make your loan payments for any reason. Consider how much you have left over each week or month, how much you have saved for a down payment, and how long you can reasonably expect to pay off a loan. We can sit with you and determine what you can afford.

4. Narrow Your Loan Choices

Ask any questions you have before finalizing the loan. We’re here to help, and make it as clear and simple as possible. 

Live Smarter

We want to do everything we can to help you get out on the open road sooner. Live Smarter by learning more, and schedule an appointment with one of our representatives for a Motorcycle Loan.



How to Get Pre-Approval for a Motorcycle Loan

June 20, 2017

Rider traveling down the road on a motorcycle they financed

Learn what you need to know about pre-approval

Once you have all your information in place and are ready to apply for your motorcycle loan, how do you go about getting pre-approved? Is it worth the effort? You may even be asking, “What exactly is pre-approval?” We’re here to answer your questions.

How Do You Apply for Pre-Approval?

You start by submitting a preliminary application for your loan. After we review your credit standing and other factors discussed above, if you qualify, we can recommend a loan. We’ll tell you how much you can borrow, the interest rate, and what the terms of the loan will be.

Is There a Commitment?

When you get pre-approved, you don’t have to make any commitment to get the loan. It’s just ammunition to help you negotiate your motorcycle purchase with the dealer. You can always change your mind. To pre-approve you, we would make sure that your financial standing details are confirmed. Then once you choose a bike, we will need to make sure the loan is worth the value of your purchase before final approval. 

Why Get Pre-approval?

First, you’ll know exactly how much you can borrow. (You can get a rough idea by viewing our motorcycle loan rate page or using our motorcycle loan calculator.) This way you save yourself time and trouble by focusing on the type of bikes you can reasonably afford. 

You can also go into negotiations with the confidence of someone who has cash in hand; you know you can obtain the amount needed, which can also make pricing clearer from a dealer who might otherwise try to sell you on financing options.

Live Smarter

We make it easier for you to apply for loan pre-approval. See what a Motorcycle Loan includes, then Live Smarter by making an appointment with one of our representatives for your financing.







​charity “best “debt “savings 50/30/20 529 about account account” adults advice American Cancer Society American Heart Association American Red Cross Amy DeMetri animals atv financing pre-approval atv pre-approval Auto auto loan back bad credit bank Berowski bike Blog Blog Posts Blogs Blue boat loans borrow Branch breach budget business camper cancer Car car loan Card Challenge charity Check checking checks children Children's Museum Christmas Chuck club College Comets Community compounding consolidation” conventional Corporate Credit Credit Card credit cards credit union Dance the Night Away debt deposit destinations dividend donation down payment Dream earnings education Entrepreneurs Equifax equity expenses experienced investing experienced investor FHA Fical Finance Financial financial literacy program financing Firley Moran First First Source Federal Credit Union for Games Genesis gifts giving Go Good Good News Center Goodison-Bick Greiner Group guide Halloween HCCC Health healthy pet loan Heart herkimer holiday holidays home home buying hot tub house House of the Good Shepherd Hug Indoor installation interest invest Investment investments JD Arrante Jessie Julie Keller KIDS Kid's Oneida kitchen remodel kristy learn lien lienhouse Lilli living smarter LMV loan Loans Local long-term savings manage management Marketing Maxam medical Mel member members mentoring Michael Mike missing money money management Money Market Mortgage Mortgages Motorcycle Financing Motorcycle Loan MVCC National Center for Missing & Exploited Children National Credit Union Youth Month NCMEC Neumann New New Hartford new investors nole North Utica of One Oneida online online safety Only order checks Orsomarso overdraft Pamela paperwork Paralympics Parsons patient pay bills payments personal loans pet care pet financing pet surgery Pete pets plan planning Posts Power Pre-approval presents President/CEO programs protection purchase QR Questions rates recreational loans Red reduce relief renovation Requirements Resolutions resort resorts retirement rewards ride Rome Roth IRAs Run RV Ryan Misencik Safety saving savings savings account savings” Schools Schumer security Sen. service settlement” Sherman Sinnott Education Center ski resort ski trips sled snowboard snowmobile snowmobile trails social media Source South South Utica spending spots SSHS Staff Stevens-Swan Humane Society students Sue Summer system Tammy Cieslak Tanya Taxes teachers Team teens testimonial the The American Cancer Society Tiny's Grill Tips Tom Traditional IRAs travel treatment treats Tricia trip TV Union Unite United United Way Up Utica Utica Children’s Museum Utica Zoo VA vacation vacation financing vacation loan Video Visa volunteer Waggle Walk Walk-A-Thon Way We Wear Wellness Wells Wendy Why wig Wiggle wild Winner winners Winter withdrawal women Women’s Employment & Resource Center Year's York You You’re Young Young Entrepreneurs Academy Young Scholars Program YWCA