Do all banks seem the same? If so, you might want to take a closer look. After all, there are more than 10,000 banks in the U.S., and each one offers its own unique set of services, branch locations, account fees, interest rates, and more. Banks can be categorized into several types, each with distinct functions and target audiences.
First Federal Bank
Recent Posts
What Are the Benefits of a Mutual Bank?
Topics: Personal Banking, Financial Education
How Extreme Heat Effects Your Mental Health
Much of the U.S. has been dealing with extreme heat this summer. We all know the dangers this kind of weather poses to our physical health. But what about our mental wellbeing? Carolina Pena, a licensed professional counselor and mental health therapist, was interviewed by journalist Sam Baker, and explains the ways extreme temperatures can impact...
Topics: Lifestyle
The Truth About Down Payments (It’s Not What You Think)
Topics: Mortgages / Home Equity
5 Expert Tips for Financial Success
Caroline Russell, Senior Marketing Manager at One Day in July, a financial advisory firm, has some important advice for ensuring your financial success. The first step is to understand your current situation. Open up all your accounts: credit cards, checking accounts, student loans, and streaming services. If you don't know what the issues are,...
Topics: Financial Education
Florida Makes Back-to-School Tax Free Holiday Permanent
Governor Ron DeSantis recently announced the return of Florida’s Back-to-School Sales Tax Holiday, which will run Aug. 1 through Aug. 31, giving families a full month of savings on essential school supplies and more. And from now on, the month of savings will be permanent!
Topics: Family
Today’s Tale of Two Housing Markets
Depending on where you live, the housing market could feel red-hot or strangely quiet right now. The truth is, local markets are starting to move in different directions. In some places, buyers are calling the shots. In others, sellers still hold the power. It’s a tale of two markets.
Topics: Mortgages / Home Equity
How Could Social Security Changes Impact Your Retirement Planning?
Social Security has been in the news a lot this year. But it can be hard to understand exactly what is happening, especially when the changes come fast and furious. Whether you are already retired, approaching the golden years, or just starting to think about saving for that stage of your life, how could changes to Social Security impact you?
Topics: Retirement, Financial Education
Is Biking the Best Summer Exercise?
When you think about working out in the summertime, swimming might come to mind. It's an excellent form of exercise. Or maybe you are considering setting up a home gym to stay indoors. Have you considered pulling your bicycle out of the garage? There are many reasons it could be considered the best summer exercise:
Over the past few years, affordability has been the biggest challenge for homebuyers. Between rapidly rising home prices and higher mortgage rates, many have felt stuck between a rock and a hard place.
Topics: Mortgages / Home Equity
A Home Equity Line of Credit, or HELOC, can be a very helpful financial tool for homeowners. Many use the money to make improvements, and summer is a popular time to do so. But a HELOC is not the right solution for every situation. Knowing when to say, "Yes" and when to be clear about, "No" is essential. Financial experts have some advice about...
Topics: Financial Education, Homeowners
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