First Federal Bank Blog

No matter the state of your finances, it’s important to think about what will happen to your accounts if you pass away unexpectedly. After all, this could have a major impact on the well-being of your family. One of the things you can do to help secure their future is to set up beneficiaries.

In early April, First Federal was challenged by another financial institution to help stimulate our local economies. Each FF employee was given $25 by the bank and challenged to spend with a local small business or non-profit, or pay it forward to an essential worker. We were so inspired by our generous and creative employees! 

Whether you’re great at managing your money or find it challenging, there is an easy way to accelerate your savings goals while staying on top of routine expenses - establish two different accounts for your spending and savings.

Keeping your financial records well-organized is important for more than fulfilling regulations or legal requirements. It also helps you better understand your business, now and in the future. Without a proper record-keeping system, it can be easy to lose track of important business details. Give your small business a better chance to survive in...

A friend or family member asking for a loan can be an uncomfortable situation. On the one hand, saying no to a trusted loved one who has asked for help is difficult. On the other, saying yes could result in a number potential issues, including the very real possibility that your money will never be paid back. It can be difficult knowing how to...

Having a professional tax advisor in your corner can help you cut through the dense thicket of paperwork, letting you focus more of your attention and energies where needed.

A business valuation appraises the monetary value of your company. While a business valuation is an essential part of selling a company, it can be useful even if you aren’t looking to sell your small business. An accurate, up-to-date business valuation can enable you to quickly respond to an unexpected opportunity or setback. For instance, if you...

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Wish you could use your attic space for something other than storage? Here are eight alternative uses for this area of your home:Master bedroomTry transforming an attic into a master suite, especially if the original master room your house has is a bit cramped. Think of a room with a natural color scheme and exposed beams. Muted green wallpaper,...

The investment landscape can be volatile and difficult to understand. But investing is a phenomenal way to add to your financial portfolio. The one thing it isn’t, though, is sentimental. That’s why factoring emotions into the way you manage your investments puts you at a high risk for making poor decisions and racking up losses.Disregard personal...