“Tis the season,” tax return season, that is. The season where many large, consumer purchases are made possible with the down payment a tax return provides. It’s one thing to buy something outright, but increasingly more and more consumer spending is on items that require some level of financing. Getting a loan isn’t a bad… Continue Reading Impulse Purchases: Defending Your Budget
In our previous post we’ve laid out good practices for keeping your account information safe from fraud. But, we understand that consumer fraud is still a risk that our customers could encounter. With the growing complexity of consumer debit card fraud, we have partnered with SHAZAM to help provide us expertise on the process of… Continue Reading Unauthorized Debit Card Transaction?
Scams and fraud have never been more threatening to your everyday life. It is important to keep your main checking account void of any connections to higher-risk areas, such as debit cards, online shopping, or connections to 3rd party vendors such as Paypal, Venmo, etc. With the more auto deposits, auto withdrawals and the amount… Continue Reading Keep Your Checking Account SAFE!
Increased compliance regulation is invading the customer relationship and exhausting locally-owned and managed community banks into consolidating at a historic rate. Since 2010, the year major banking compliance regulation was passed in the form of Dodd-Frank Wall Street Reform and Consumer Protection Act, the United States has lost over 1,800 banks, and 94% of that… Continue Reading Message from the President: The Real Reason for Bank Consolidation
Entering 2018, the 115th year of the First National Bank of Osakis’ existence, it is important to reflect on the vital role locally-owned and managed community banks play in personal finance, economic development, and community leadership for their small communities. Year after year, we read articles (such as this recent one in the WSJ) narrating… Continue Reading Message from the President: Banking Local Matters
During the week of September 4th, 2017, Equifax (one of the three common credit bureaus that report consumer credit) was breached, subjecting, reportedly, 143 million peoples’ personal information. We are suggesting our customers take the following precautions with their credit profiles. According to the company’s press release “(t)he information accessed primarily includes names, Social Security… Continue Reading MUST READ! – Equifax Data Breach
FNB Osakis President, Justin Dahlheimer, was recently featured on the Institute for Local Self-Reliance’ podcast, Building Local Power. Dahlheimer discussed the many benefits, challenges, and opportunities for local community banks. Here’s a quote from that interview: “We’ve got a stake in every customer’s personal financial livelihood. It should be that way. It’s embedded transparency.… Continue Reading FNB Osakis Featured on Podcast for Insight on Community Banking
Congratulations! You’re in the hunt for a home – which for most people is one of the first, and often the largest, long-term investments they will make in their financial future. When the market is heating up, the pressure to make your decision and act quickly can get ahead of the prudent budgeting and planning… Continue Reading House Hunting? What you COULD afford vs. What you SHOULD budget for
“Don’t save what is left after spending, spend what is left after saving.” – Warren Buffet, financial mogul. Whether you are one of the people that are taking actions to create financial stability or not, there is a habit that everyone can benefit from—paying yourself first. It’s common for people to pay for their expenses… Continue Reading Paying Yourself First