Wisconsin Bankers Association’s Post

Custom tailored solutions for you and your family's business, delivered by local decision makers, powered by local funding from depositors right here in Michigan. If you are serious about taking your business to the next level, we can seriously help. #BetterThinkingBanking

The culture and attitude is zenith. 

It’s another exciting week for our team! Securityplus Federal Credit Union has been named the TOP ranked credit union in Maryland on Newsweek’s 2024 America's Best Community Banks & Credit Unions list. This recognition reflects our commitment to meeting the evolving needs of our members and the communities we serve through financial education, inclusive access, and exceptional service - and the passion our amazing employees bring to delivering on that every day. We set a bold new vision for the future focused on fostering financial success and resilience, championing financial health, giving back to our communities, and aligning our strategy, culture, and impact to the #future. This honor from Newsweek reaffirms that we're on the right track. Our dedicated employees and volunteers share a passion for #financialhealth and inclusive banking. Together, we're taking bold steps to expand our impact and push the boundaries of excellence. The results speak for themselves. In just our first year of transformation, we set a new vision for the future and clear roadmap how to get there, built a leadership dream team with a shared passion for excellence and the greater good, and achieved historic milestones. We innovated to provide the banking solutions our members need, when and how they need them. We invested in the safety and soundness of our practices. And, created memorable experiences for our members. We're incredibly grateful to our members, partners, employees, and Newsweek for this prestigious ranking. It proves that community-focused institutions like ours can redefine the banking experience. It also reinforces, as we continue to see more industry consolidation and news of (big bank) branch closures, that community-centric financial institutions matter and are essential to the economic vitality of communities, the financial health of individuals, families, and businesses, and future generations. Our roots in #Maryland run deep for more than 85 years, so we understand the needs of our friends and neighbors and are motivated to take continue to take bold step to make #apositivedifference. Thad Egner Jeffrey Gehris Toby Green Brian Holloway, CUCME Obinna Ndukwe, MBA Ray K. Ragan, MPM, CSR, PMP Caitlin Stibitz, MPA, CSME #BestCreditUnions #transformation #culturematters

If you want to learn more about Five Star Bank, listen to this podcast episode.

Good and informative interview!

Listen to this episode of Behind the Vault.

🍂 Fall into Savings with Our Special CD Offer! 🍁 As the color of the leaves start to change and we head into the fall season, now is a perfect time to maximize your savings! Harvest a great return on your deposits for 13 months with our latest CD Special. Call us today or visit any of our branches to take advantage of our latest offer! Member FDIC #FallSavings #CommunityBank #InvestInYourFuture

It's important to believe in and speak highly of your services. But, there's no testimony greater than that of your customers. The two keywords in Thomas's statement is "personalized attention". Come see what he's referring to! #OwnersBank #LibertyBank #CT #CustomerSatisfaction

As I shared in the newsletter for Shelburne Business & Professional Association this week: Happy Valentine’s Day! Banking is romantic, right? The Federal Reserve tracks the number of bank branches across the nation. It hit a recent peak in 2009, with 36 banks per 100,000 residents. It’s declined steadily since then, to 30 per 100,000 in 2019. NBER tracks the density a different way but also shows a decline: there were about 99,000 bank branches in 2009 and 79,000 in 2022. But lack of access to banking has always been a problem, especially for low-income families. Nationally in 2021, FDIC reports that 4.5% of households were “unbanked.” It’s about 3% in Vermont. In our small state, some the nation’s large banks don’t have a presence. Instead we benefit from a strong network of smaller banks and credit unions. 

You see it with banks all the time – Member FDIC But what does FDIC stand for? What is it? And what does it do? FDIC stands for the Federal Deposit Insurance Corporation. The FDIC is an independent federal agency insuring deposits in U.S. banks and thrifts in the event of bank failures. The primary purpose of the FDIC is to prevent "run on the bank" scenarios, which devastated many banks during the Great Depression. In case of bank failure, the FDIC insures deposits up to $250,000 per depositor as long as the institution is a member firm. Meaning, if you have $200k in a savings account and $100k in a CD, you have $50k that is uninsured. #communitybank #memberfdic #fdic #financialiteracy #themoreyouknow #banklocal