Archive - January 2025
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Getting That Little Negative Mark Off Your Credit Report
January 15, 2025
Categories: Community Banking, Community Banking Advocacy, Electronic Banking, General
This article was written by Jean Chatzky from SavvyMoney Hub. Goodwill deletions and other tips for boosting your credit score. Do one thing: Make sure you are reviewing your credit reports regularly to ensure that the information is accurate. After all, you can’t fix what you don’t know about. When it comes to our credit scores, it pays to know where you stand at all times. After all, the higher your score, the more you can potentially save on mortgage rates, car
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What is Financial Wellness?
January 10, 2025
Categories: Community Banking, Community Banking Advocacy, General
This blog post was published by Jean Chatzky from SavvyMoney Hub, with reporting by Casandra Andrews. Discover where you are on the road to financial wellness with these tips and tools. Improving Your Financial Health is Possible. How we handle our finances can be seriously stressful. Stress Over Finances. This truth applies not just to you — it impacts millions of Americans daily. A March 2024 survey found that nearly half of U.S. adults (47%) admitted that money harms
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The Beige Book: Summary of Commentary on Current Economic Conditions by Federal Reserve District from November 2024
January 9, 2025
Categories: Commercial Loans, Community Banking, Community Banking Advocacy, General
For more in depth information regarding this article, download the entire report here. What is the Beige Book? The Beige Book is a Federal Reserve System publication about current economic conditions across the 12 Federal Reserve Districts. It characterizes regional economic conditions and prospects based on a variety of mostly qualitative information, gathered directly from each District’s sources. Reports are published eight times per year. What is the purpose of the Beige Book? The
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Mastering the Basics of Business Budgeting
January 9, 2025
Categories: Commercial Loans, Community Banking, Community Banking Advocacy, General
Happy New Year all! We hope you enjoyed the holiday season with family and friends. In our previous commercial blog post, we discussed how to apply for a small business loan and what the application process involves. Today, given that it is the beginning of a new year, we will discuss how to develop a budget. The budgeting process varies depending on the size and needs of your business. For larger entities, you will likely work within your accounting software and with your accountant. For smaller
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