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Bankers Blog

How Community Banks Play a Pivotal Role in Retirement Preparation

Building a Financially Secure Future Through Savings Retirement is a milestone that deserves careful planning and preparation. Retirement savings are a cornerstone of financial planning and security, representing a crucial aspect of one’s future well-being. They provide a safety net, ensuring financial independence and stability during the golden years when regular income diminishes or ceases. […]

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Credit Unions Don’t Pay Taxes?

Taking a Closer Look at Community Banks and Credit Unions That’s right, credit unions don’t pay taxes.  When I tell people that, they are almost always surprised.  I find it interesting that it continues to be such an unknown fact. As President and CEO of Jarrettsville Federal, a true community bank, it is incredible to […]

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Financial Literacy Is The Foundation

Educating Customers for Better Money Management Financial literacy is the foundation for making sound financial decisions and managing your money effectively. It involves having the knowledge and skills to navigate complex financial concepts. By improving your financial literacy, you gain the confidence and ability to take control of your financial well-being. By understanding the concepts […]

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Money Market vs Savings Accounts

Examining the Advantages of Two Types of Money Saving Accounts What is the difference between a money market account and a savings account? Understanding the similarities and differences can help you decide which type of account is best suited to meet your needs. They are both interest-bearing accounts that allow for the withdrawal and saving […]

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Understanding FDIC Insurance for Depositors

FDIC explained

Advantages to Choosing an FDIC Insured Bank The Federal Deposit Insurance Corporation (FDIC) is an agency of the US government that protects bank depositors against the loss of insured deposits. FDIC insurance is backed fully by the US government if an FDIC-insured bank or savings association fails.  Any sum up to $250,000 in a bank […]

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