What Are Credit Reports and Credit Scores and What Should I Know About Them?
Your credit history is considered to be of high importance to many different professionals and organizations. These include banks, companies that...
Financial Protections for Military Personnel and Their Families
We here at Somerville Bank salute and appreciate each and every servicemember – whether past or present. We also extend our appreciation to the...
Do I Need a Bank Account?
In short, yes, you need a bank account. According to statistics, approximately 7 million households in the United States do not have a bank account....
Out with the Old, In with the New – Reshaping Your Future by Setting New Financial Goals
Schools have reopened their doors and are in full swing, restrictions have been lifted in the travel industry, businesses are operating at full...
You Are at Immediate Risk of Becoming a Victim of Identity Theft
Many people believe that becoming a victim of identity theft is rare; however, statistics associated with this crime indicate that most are at...
Protect Your Identity with IDTheftSmart
Create a Financial Plan to Keep You Afloat During Tough Times
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....
How to Get a Free Credit Report
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,...
How to Make the Most of Your Money in the New Year and Beyond
The previous year proved to be highly challenging due to the worldwide pandemic. The nation experienced a lockdown, illnesses abounded, job loss was...
Locating a Long-Lost Safe Deposit Box or Bank Account
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...
Stimulus Checks and Fraud
As Americans anticipate a second stimulus check, institutions have time to prepare for the inevitable. With this comes an influx of potential...
Gift Cards – A Comprehensive Consumer Guide
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,...
Don’t Fall Victim to Scams This Holiday Season
As the COVID-19 pandemic continues, more and more people are becoming increasingly leaning towards shopping online rather than in-person at local...
Teaching Kids about Money
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...
Many Consumers Who Are Used to Paying with Cash Find Themselves Experiencing Numerous Complications Amid the COVID-19 Pandemic
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...