First Federal Savings Bank's Fun Fridays Help Support Non-Profits
Each month, employees at First Federal Savings Bank vote for a local non-profit to support with their "Fun Fridays". The employees select the organizations supported and are able to wear blue jeans to work for a small donation each Friday. Our employees are very passionate about supporting local non-profits and the missions they serve. From December 2022 to March 2023 our team has donated a total of $1,977 to Maple Seed Farms, McKenzie's Hope, New Life Ministries and The Open Door.
Have Travel Plans? Make Sure to Turn on Travel Notices with Card Valet
Manage your finances while guarding against fraud by using the latest version of the CardValet app:
- Turn your credit cards on and off
- Establish transaction controls for dollar amount limits, merchant categories and geographic locations
- Receive alerts when your card is used, approved, or exceeds the transaction controls set by you
- Stay informed of potential fraud with alerts on attempted and declined transactions
- Get real-time balances for your accounts
Congrats to the 2023 Winners of the Annual "Swipe to Win" Competition!
First Federal Savings Bank held a “Swipe-to-Win” contest from November 21 to December 31, 2022. First Federal Savings Bank business and retail debit card holders were automatically entered in a drawing to win one of two $500 prizes every time they used their debit card. The two winners were drawn in the first quarter of 2023 and came in to accept their $500 checks in January.
April is Financial Literacy Month: What are the Benefits of Financial Literacy?
By now, you probably are starting to understand the power of financial literacy. You probably are also piecing together the benefits this will have on your present and future finances. And you have the tips to get you on the right path. But if you need some further convincing, here are some of the benefits of becoming financially literate.
You gain control
Instead of letting money control you, now you hold the reins to your personal finances. This empowers you and makes you feel more confident and decisive with your money. Additionally, your attitude towards finances changes. The way you look and think about money alters for the better.
Eliminating and avoiding debt
Debt is one of the biggest hurdles many younger generations are facing today. When you have financial education, you start to really understand how debt works, interest rates, and how to avoid debt disasters. It can also help you create a plan to attack any current debt and save yourself thousands of dollars.
Value financial goals
As you gain financial knowledge, you’ll be more inclined to set goals for yourself. And besides that, you may find yourself excited and more determined to work towards achieving those goals.
Being able to identify fraud
It might not be talked about often, but financial literacy can impact your knowledge about identity theft and scams in the finance space.
You can start to catch any red flags with investing, banking, or any other money-making schemes. Take your time when making any financial decisions. Certainly, consult with someone if you need help, but now you can also tell if someone is offering you terrible advice or services that may rip you off. It enables you to ask the right questions and evaluate your options.
Article by: Todd Kunsman with Invested Wallet: 8 Simple Ways You Can Become Financially Literate On Your Own (investedwallet.com)
Meet the Staff!
Matthew Bochard joined the First Federal Savings Bank team as AVP Commercial Lending and Business Development. Matthew graduated with a Bachelor of Arts degree in International Studies from Indiana University. Prior to joining the First Federal Savings Bank team, Matthew previously worked as a Small Business Lending Officer and Financial Center Manager. Matthew is part of the Syracuse-Wawasee Rotary Club, a Kosciusko County Chamber Ambassador, Rudy’s Dog Park Board, Warsaw Bizlink Board, Tour Des Lakes Committee, and Fort Wayne Trails Resource Development.