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

Back-to-School Shopping

July 26, 2019

Earn rewards, including cash back, when you shop

As much as we try to make the most of summer and delay the inevitable, back-to-school shopping is upon us. Make the most of your spending by shopping with a credit or debit card that pays you back! Using reward cards gives you a little something back in the process.

First Source offers both credit and debit cards with rewards. They’re powered by Visa®, yet serviced locally. Our variable rate credit card offers reward points you can redeem for cash back, travel, retail items, gift cards, and more. Our Only One Checking debit card offers rewards such as cash back rebates and ATM fee reimbursement, as well as online and travel coupons.

When you prepare for your back-to-school needs, make sure to earn something back with the power of Visa and the support of First Source.

Ready to shop but don’t yet have these cards? Make an appointment, and Shop Smarter.  

Learn More

Posted in: credit cards, rewards, Visa

Credit Card vs. Pet Loan

April 21, 2017

Which is better for paying your pet’s medical costs?

How are credit cards and loans different?
When you need to finance a serious pet medical expense, your first choice might be to consider a credit card. One of the most popular is a care credit card for healthcare, that can also be applied to pet medical costs. Your second option might be a personal loan, though at First Source, we have a loan that’s even more specialized: a Healthy Pet Loan, designed specifically for pet care financing.  

Credit cards are good for expenses you can ideally pay off within a month (without incurring interest charges, based on rates which can vary widely between cards). Personal loans were designed for a wider array of financing where the rates and terms may not be the ideal choice for this specific need. The Healthy Pet Loan, because of its tailored design, lets you borrow with a generally lower interest rate and favorable loan terms. 

Credit vs. Loan Terms
Generally, on the payment due date of your credit card, you’re required to make a minimum monthly payment, and if you don’t pay the entire amount in full, you’ll start to accrue interest charges. And these are calculated based on the average daily balance for the month, not the ending balance. After a single month’s carryover, the amount you owe grows as time goes on, and the interest keeps being added on. Depending on how long you take to pay it back, the total you pay may be much higher than what you financed, and you may not know how much until the end of your payments. The credit card is also considered “revolving debt”—you are limited to how much you can put on the card, and your available limit depends on how much you spend and how much you repay each month.

A Healthy Pet Loan is paid back in installments; you get the money all at once, and make equal, pre-determined payments over a specific period agreed upon in your loan terms when you are approved. Your payments—the same amount every month—will include principal and interest. There are no surprises. 

Because there are many factors that influence interest rates, a credit card, if it has a low-enough interest rate, may be the right option. If you qualify though, a Healthy Pet Loan is generally a smarter way to pay for expenses like pet surgery, pet medical bills, and other qualifying pet health expenses. With good credit, your interest rate may be lower, your payments will be consistent, and you’ll have much less worry making predictable payments each month. Since it may not be a simple decision, we can help you decide what’s best for you.

Not sure what expenses qualify for coverage? 

Learn more about a Healthy Pet Loan


When you have pet medical expenses, make the smarter choice: a Healthy Pet Loan.

Is a Rewards Credit Card Right for You?

October 17, 2016

Customer paying for their order with a credit card in a cafe.
There are many credit cards to choose from, and the type you choose will be affected by a number of factors, including your personal and financial goals. We’d like to keep it simple, and give you a few factors to consider before deciding if a rewards card is right for you.

A rewards card is simply a card that gives you something back for using the card. Everything from airline miles to merchandise and even cash back can be yours for using your card. Every card’s rewards formula is different, so make sure you understand what your rewards options are before you decide. Many people have no plans (or desire) to earn or use rewards, and shouldn’t apply for this type of card. Keep it simple!

Other factors include your credit history and credit score, which may qualify (or disqualify) you for a particular card. A high credit score and clean credit history tend to allow you many more choices, including lower rates and costs for a rewards card, while the converse can limit your selection of cards. At First Source, we can analyze these factors for you, and see if you qualify for the card you want.

Finally, if you already own a credit card (or a number of cards), you should take a clear-eyed look at your payment history. If you tend to pay off your full balance every month, a rewards card with a variable interest rate will be a positive addition to your wallet. If you tend to carry balances forward and pay interest charges every month, a low-fixed-rate card without rewards may be more practical.

Consider your goals and plans, then make an appointment at your local branch to let us help you make your decision. We look forward to helping you make a smarter, more rewarding choice!

Posted in: Blog Posts

Credit Card Tip #2: Read the fine print

August 12, 2016

Credit card promotions definitely have their benefits, but remember to check the fine print. Balance transfers at 0% are great, but check to see how long you have to pay it off at that rate (it could be only a few months). Also note that 0% is only on the amount transferred; any new purchases fall under the card’s normal APR. And pay attention: find out which purchases get paid off first if you make a payment—the 0% or the standard APR ones.

Posted in: Credit Card





​charity “best “debt “savings 50/30/20 529 about account account” adults advice Amanda L. King Memorial Fund 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 Banzai Berowski Better U Program bike Blog Blog Posts Blogs Blue boat loans borrow Branch breach budget Budgeting business camper cancer Capitol Civic Center Car car loan Car Loans Card Cell Phones For Soldiers 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 debt consolidation plan deposit destinations dividend donation down payment Dream earnings education Entrepreneurs Equifax equity expenses experienced investing experienced investor FDIC FHA Fical Finance Financial financial literacy program financing Firley Moran First First Source Federal Credit Union for Games Genesis Genesis Group gifts giving Giving Tuesday Go Good Good News Center Goodison-Bick Greiner Group guide Halloween HCCC Health healthy pet loan Heart HELOC herkimer holiday Holiday loan holidays home home buying Home Equity Line of Credit Home Equity Loan Home Equity Loans Home Improvement Loan hot tub house House of the Good Shepherd Hug Indoor installation interest invest Investment investments JD Arrante Jessie Joseph R. Carucci Legacy Awards 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 Money Market Account Mortgage Mortgages Motorcycle Financing Motorcycle Loan MVCC National Center for Missing & Exploited Children National Credit Union Youth Month NCMEC NCUA 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 Term Share Certificate testimonial the The American Cancer Society The Genesis Group 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 Valley Health Services 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