First Federal Bank

Recent Posts

Deducting Medical Expenses

May 07, 2021 by First Federal Bank

No matter your income or financial situation, medical bills can take an enormous bite out of your budget. If you face big recurring costs or recently went through a high-priced operation or hospital stay, you might benefit from claiming a medical expense deduction on your taxes.

Topics: Taxes

Home Equity Line of Credit vs. Home Equity Loan

May 05, 2021 by First Federal Bank

If you’re in need of funds for home repairs, renovations, or paying down high-interest debt, you may have considered a home equity loan or a home equity line of credit. While both of these financial options allow you to borrow against the equity of your home, they each come with their own set of rules and benefits. To help you decide which is...

Topics: Financial Education, Personal Lending, Home Owners

Saving Money in College

May 03, 2021 by First Federal Bank

Between paying for tuition and covering living expenses, you may find it challenging to save up money while in college. However, by following these simple tips, you may be able to graduate from college with some cash already in your savings account:

Topics: Saving Money, College

Borrowing From Your 401(k)

April 30, 2021 by First Federal Bank

If money is tight, you may have considered drawing from your 401(k) retirement savings plan. While it’s generally best to leave your investments intact, there are circumstances in which tapping into your account can be a safer move than obtaining other kinds of loans. Here’s a look at a few factors to consider before you commit to borrowing...

Topics: Retirement, Personal Lending

Negotiating with a Car Dealer

April 28, 2021 by First Federal Bank

If the thought of negotiating the purchase price of a new vehicle at a car dealership makes your heart race and your palms sweat, take solace. Many car buyers feel daunted by the task. Why? Because buying a car can be a stressful, complicated, and expensive process. With these tips, you’ll be able to keep your cool, negotiate like a pro, and...

Topics: Vehicles

Dow vs. Nasdaq

April 26, 2021 by First Federal Bank

We’ve all heard about the Dow and the Nasdaq. At times, it’s almost as if the terms are used interchangeably when discussing the economy or stocks. However, these are simply two tools that investors can use to check on the health of the market. Here’s a look at what you need to know about stock market indices — and how they differ:

Topics: Investing, Financial Education

The Basics of Securing Your Check Book

April 23, 2021 by First Federal Bank

Even though financial transactions today are increasingly paperless, there are still advantages to using a check book. They can help you avoid processing fees, leave behind a useful paper trail for your spending, and give you a means of transferring funds should the internet be unavailable. But are check books safe? How do you secure your check...

Topics: Personal Banking, Financial Education

Retirement Plans That Fit Your Business

April 21, 2021 by First Federal Bank

Running your business with passion every day is key to success in the long run. But you also need to think about your individual needs down the line — specifically, how you’ll get to the point where you have the money you need to retire. As a small-business owner, you’re responsible for setting yourself up for retirement. Fortunately, you have...

Topics: Small Business, Retirement

82,338 Great Reasons to Buy a Home Today

April 21, 2021 by First Federal Bank

The financial benefits of buying a home as compared to renting one are always up for debate. However, one element of the equation is often ignored – the ability to build wealth as a homeowner.

Topics: Home Buying

Optimizing for Google RankBrain

April 19, 2021 by First Federal Bank

As a small business competing against larger companies with greater brand presence, it’s important local patrons still find you. If you don’t optimize your website correctly, you could be lost among the sea of competitors. Achieving high search engine rankings depends on pleasing Google’s algorithm RankBrain. Here’s a basic guide for doing that:

Topics: Technology, Small Business, Entrepreneurship

No form selected

Select an existing form you've made previously, or create a brand new one.

Leave us a comment and join the conversation.