5 Things You Should Never Carry in Your Wallet

March 24, 2023 by First Federal Bank

Although you need to carry important items in your wallet for daily life, like a credit card and your ID, there are a few items better left at home. Now is the time to review the contents of your wallet and make sure the following things are concealed:

Topics: Financial Education

Safety Deposit

March 22, 2023 by First Federal Bank


Topics: Financial Education

The Benefits of Corporate Social Responsibility

March 15, 2023 by First Federal Bank

Corporate Social Responsibility (CSR) refers to the way companies integrate social, environmental, and economic concerns into their business operations and interactions with their stakeholders. A commitment to CSR can include: 

Topics: Financial Education

Borrowing from Your IRA

March 08, 2023 by First Federal Bank

When you’re building for retirement, an IRA is one of the best assets you can have in your portfolio. But can it help if you need money now? Taking money out of your IRA before retirement is possible, but it’s best you know what to expect before seriously considering it as an option.

Topics: Retirement, Financial Education

Why Retirees Should Have an HSA

March 01, 2023 by First Federal Bank

As you plan for retirement, one important tool to consider is a health savings account, or HSA. While HSAs are most frequently used to pay medical costs, they also provide an array of investment options and tax advantages that can give your finances a serious boost once you’ve retired.

Topics: Retirement, Financial Education

4 Brand-New Models for 2023

February 27, 2023 by First Federal Bank

The auto industry is full of well-known cars that are continually being updated and revised for an ever-changing market. But occasionally, all-new models make their way onto the scene looking to make a big impact. Here are four brand-new models for 2023 that seem poised to do just that:

Topics: Financial Education

Pros and Cons of Buying a Car Online

February 24, 2023 by First Federal Bank

Car shopping has changed. You no longer have to trek into a dealership and spend countless hours checking out options, doing test drives, and negotiating financing with a team of dealership experts. You can conduct your research and even do a virtual test drive from the comfort of your home at a time that fits your schedule. But there are limits...

Topics: Financial Education

How to Balance Your Checkbook with Paperless, Online Accounts

February 08, 2023 by First Federal Bank

An important part of staying on top of your financial status is balancing your checkbook. Although this practice may seem outdated, it’s still wise to verify your monthly account statements.

Topics: Personal Banking, Financial Education

Differences Between an ESA and a 529 Plan

January 25, 2023 by First Federal Bank

As the cost of a college education becomes increasingly expensive with each passing year, it’s imperative now more than ever to start saving money for your child or grandchild’s future schooling. But which account is right for your family? Here’s a look at the two most popular options: Coverdell Education Savings Accounts and 529 savings plans....

Topics: Financial Education

3 Ways to Simplify Your Investments

January 06, 2023 by First Federal Bank

Keeping all your investments in order doesn’t need to be overwhelming. Even if you’re balancing a diverse investment portfolio, there are ways to make the process a simpler task. Here are a few ways to streamline your investments and reach your financial goals without constant worry and oversight. “Your financial life should be simple enough that...

Topics: Retirement, Financial Education

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