First Federal Bank

Recent Posts

Are You Putting Enough Money into Your Savings Account?

May 17, 2023 by First Federal Bank

There is a balance between just enough and too much when it comes to money in your savings account. Even though saving as much as you can while still paying your bills and enjoying life is a respectable goal, a savings account doesn’t often yield the highest return. If you’re wondering if you’re putting enough or too much into your savings...

Topics: Financial Education

5 Unique and Thoughtful Wedding Gifts

May 15, 2023 by First Federal Bank

If a soon-to-be-married couple has a wedding registry, buying them a gift should be an easy task. But what if you’d like to give them something more personal and memorable — or there’s no registry to choose from? Here are some ideas for unique and thoughtful wedding gifts that will make the couple’s special day even better:

Topics: Lifestyle

Can You Buy a House with No Credit History?

May 12, 2023 by First Federal Bank

At First Federal Bank, we understand that many first-time home buyers face an additional challenge of having non-existent credit history. It’s important to remember that while your credit score may be limited, it doesn’t mean you can’t be trusted to repay a loan. We offer alternative loan options with flexible credit requirements to help those...

Topics: Financial Education, Homeowners, Mortgages / Home Equity

The Impact of Inflation on Mortgage Rates

May 12, 2023 by First Federal Bank

Topics: Mortgages / Home Equity

How to Help Your Teen Build Credit Now

May 10, 2023 by First Federal Bank

Teaching your teen about money management and finances is an important step in their education. The lessons you teach now can help them grow into financially responsible adults with a bright and profitable future. Now is the time to help your teen build credit, and here a few ways to do it:

Topics: Financial Education, Family

4 Retro Video Games to Revisit for Nostalgia

May 08, 2023 by First Federal Bank

Since the 1980s, video games have gone from a niche hobby to a global juggernaut raking in billions of dollars a year. If gaming was an integral part of growing up, you have no shortage of opportunities to recapture the joy of your youth. Retro video games are all the rage across consoles and PCs, and that means some of the most popular and...

Topics: Family, Lifestyle

Should You Take Money from Your IRA to Pay Off Debt?

May 05, 2023 by First Federal Bank

As you near your target retirement age, you’ll want to reduce your existing debt to give yourself financial freedom. This includes paying off your credit card balances, student loan debt, car loans, and your mortgage. If you’ve grown a hearty IRA, you’ll wonder if you can use those retirement funds early to knock out your debt. Is that a wise way...

Topics: Retirement, Financial Education

How Does Video Banking Benefit You?

May 03, 2023 by First Federal Bank

As technology has evolved, so has the need for mobile video banking solutions in addition to in-branch and web solutions. Customers expect greater efficiency and flexibility from their financial institutions, especially after becoming accustomed to new virtual service options during the pandemic.

Topics: Personal Banking, Financial Education

Language Tips and Tools for International Travel

May 01, 2023 by First Federal Bank

Traveling to a new country can be an exciting experience. But if you’ve been hesitating to finalize your plans because of a possible language barrier, there are a few straightforward tips to help you over that hurdle:

Topics: Lifestyle

Short-Term Vs Long-Term Loans: Which Is Better for Your Business?

April 28, 2023 by First Federal Bank

As implied by their names, the main difference between short-term and long-term loans is how long your business has to repay them. Depending on the lender, short-term loans may last from a few months to a year, while long-term loans can last for a much longer period. When determining what type of loan is better for your business, you need to...

Topics: Small Business

The content on this site is intended for informational purposes only and should not be considered accounting, legal, tax, or financial advice. First Federal Bank recommends that customers conduct their own research and consult with professional legal and financial advisors before making any financial decisions. Links to third-party websites may be provided for your convenience; however, First Federal Bank does not guarantee the reliability, accuracy, or safety of the information, products, or services offered on these external sites. We are not liable for any damages resulting from the use of these links, and we do not investigate, verify, or endorse the content or opinions expressed on any third-party sites.

Leave us a comment and join the conversation.