April 18, 2021
If you are reading this, chances are, you have some sense of familiarity of the proverbial “sinking ship” that seems to occur when tough times hit. You are not alone. Over 90% of the population of the United States alone has experienced some degree of financial hardship – just in the past year. It is […]
Continue ReadingMarch 16, 2021
As a consumer, you are entitled to receive a free copy of your credit report once every twelve months from each of the credit reporting companies, TransUnion, Equifax, and Experian. The easiest method is to go on the internet to annualcreditreport.com. You may also call 1-877-322-8228. To verify your identity to receive your free credit […]
Continue ReadingFebruary 15, 2021
The previous year proved to be highly challenging due to the worldwide pandemic. The nation experienced a lockdown, illnesses abounded, job loss was a common occurrence, and many people lost their lives. Now that we are in a new year, the situation is looking a little more promising. Several vaccines are on the market, we […]
Continue ReadingJanuary 20, 2021
If you are reading this, you may believe that you have either a bank account or a safe deposit box at a financial institution, but you simply may not remember where. Perhaps you are a caretaker and the relative or friend that you care for has made an indication that they have an account or […]
Continue ReadingJanuary 4, 2021
As Americans anticipate a second stimulus check, institutions have time to prepare for the inevitable. With this comes an influx of potential fraud scams targeting consumers and institutions. The top eight warning signs to share with customers are: 1. If you’re told by text there’s a second check; 2. Asked to verify or provide financial […]
Continue ReadingDecember 16, 2020
Now that the holiday season is shifting into high gear, many shoppers are turning to gift cards in an effort to purchase gifts for family, friends, neighbors, and coworkers. These are highly convenient gift choices that offer a high level of versatility for both the giver and the recipient. While an ideal option, it is […]
Continue ReadingNovember 16, 2020
As the COVID-19 pandemic continues, more and more people are becoming increasingly leaning towards shopping online rather than in-person at local retail outlets, such as department stores and malls. It has been forecasted that e-commerce sales will grow by 35% during the upcoming holiday season. While online retailers are quite excited by this turn of […]
Continue ReadingOctober 19, 2020
Teaching kids about money is one of the most advantageous things you can do for their future. As kids, we were often informed that money is not something that grows on trees. Many of us may have received a small allowance for our contributions to the household. Others may have received financial rewards for academic […]
Continue ReadingSeptember 14, 2020
While it is true that Section 31 U.S.C 5103 states that coins and paper currency outlined as “Federal Reserve Notes” are considered to be legal tender for public charges, debts, taxes, and other types of financial dues, many businesses are refusing to accept cash as a form of payment. In fact, there is absolutely no […]
Continue ReadingAugust 28, 2020
August, 2020 Somerville Bank has recently announced the addition of John Muncy to their Board of Directors. John is a prominent member of the New Lebanon community in which Somerville Bank opened its newest location in February 2020. Mr. Muncy obtained his Auctioneer license in 1987, been a licensed real estate broker since 1997, and […]
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