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The signs are clear. Inflation is running high right now, and we are experiencing the effects every day at the grocery store, gas pump, and many other places.  As necessities increase in price, household budgets everywhere are exploding. Suddenly the money that was allocated on a monthly basis to pay for things like gas, groceries,

Spring and summer are popular times to buy a car.  Whether you’re a recent graduate looking for your first car or a veteran driver who wants to upgrade to something that better fits your lifestyle, these are some tips for helping you find a car that is just right for you. Assess Your Needs Notice

Shop Local for National Small Business Week Federated Bank encourages local residents to put their hard-earned dollars to work in their local communities by shopping with small businesses during National Small Business Week, May 2-6, 2022. Small businesses have accounted for 62 percent of new job creation since 1995, which means support for these businesses

The idea of “sustainability” is linked to a lot of our local activities these days—whether it’s reusing or recycling products, sampling culinary delights from the local bakery, or choosing to buy American-made products to support our national economy. There are plenty of reasons why eating, dining, and banking locally makes good economic sense. If you’ve

In recognition of Community Banking Month in April, Federated Bank is reminding consumers about why banking locally with a community bank matters. It starts with valuing relationships. At Federated Bank we value the relationships we have with our customers and are always striving to provide the very best customer service and product offerings to meet

Perhaps no other season in Central Illinois threatens as much unpredictability and potential for disaster as tornado season.  Storms can blow up out of nowhere or turn deadly without more than a moment’s notice.  However, while you can’t predict where a tornado may spin up or touch down, you can be prepared in tornado season

In recognition of National Ag Day, Federated Bank is celebrating the contributions of America’s local farmers, ranchers, and agricultural enterprises. At Federated Bank, we recognize the essential role of agriculture, which is central to our country’s health and prosperity. Federated Bank pledges to do all we can to support these stewards of the land and

There are always unscrupulous people that are trying to take advantage of others for their own personal gain.  The specific schemes or the tools used may change, but the intent is the same.  Scammers want to take your money away from you and keep it for themselves.  This is a sad fact of life.  While

Have you heard of BNPL programs? Short for Buy Now, Pay Later, BNPL programs have been around for a while, but they have increased in popularity as online purchasing has become more common.  It isn’t hard to see the appeal of these plans that allow you to take possession of a purchase while postponing the

The New Year is a great time to look at your life and make some needed changes.  This is especially true for your personal finances.  If you’re ready to make your personal finances in 2022 work for you, then here are some places where you might consider changing your approach. Be More Engaged It can