Fidelity Cooperative Bank’s Post

Hey Professionals, It’s Giving Grace. 🥂🤌🏽 A Fidelity Vintage Account makes sure your golden years are stress-free and filled with total peace of mind. Enjoy life’s finest moments without worry. Start planning for your future today with Fidelity Bank. #FidelityVintageAccount #WeAreFidelity #TheLifestyleBank

Planning a summer vacation? Before you leave for your trip, let us know so that your debit card is travel-ready too. Consider also setting up alerts to manage your card usage and accounts, and we'll notify you with important updates via text or email. Keep a close eye on your credit card statements and credit report to check for anything suspicious. The sooner you detect fraudulent activity, the sooner recovery can begin. Safe travels from your friends at Falcon National Bank! https://hubs.ly/Q02Br_s-0

For Dave and Darcy Johnson, being a customer for life means a lot more. Waypoint Bank – Cambridge customers, Johnson Angus Ranch, have banked there since they were kids. Read more about their story here: https://lnkd.in/gpuTCnSQ #WaypointBank #LongTerm #CustomerForLife

It’s unsettling to hear “Fintechs are largely exempt from {fill in the consumer protection law here}, or “this (law) doesn’t really apply in the same manner for a Fintech.” This is largely untrue—and yet I hear it often. Don’t be next! Reach out if I can help; particularly with Fair Lending and UDAAP.

Do you have a real relationship with your bank? If so, when was the last time your banker reached out to see how things are going? Does your banker know your retirement date, if you have any kids getting ready to go to college, kids getting married, etc. The point I'm trying to make is that there are key milestones in life that many people aren't ready for. If you have a true relationship with your bank, you have people ready to help you plan for those milestones. At First National Bank of Waterloo, customers come first. I know you're going to say, "Every bank says that." How many bankers take an interest in your personal life? What banks do you see making an actual difference in your community? Do they just throw money into the community or are they physically present at various events? We make it our goal to practice what we preach. Our bankers don't want to provide customer service, they want to provide customer experiences. Come into any of our 16 locations and see what First National Bank of Waterloo has to offer!!

Fidelity does it again. Have you ever wondered what it's like to have National backing with local service? Work with us and find out... https://zurl.co/cPQf #TrustworthyTitle #Homeownership #SecureTransactions #PropertyOwnership

My dog is friendly, super sweet, playful and a great banks thinker. She is also a border collie mix with a strong protective nature. As such, she is always on high alert. A car pulls into the driveway and she goes nuts. Amazon or USPS delivers something and she goes nuts. A dog barks from seven houses away and she goes nuts. You know when she doesn't go nuts? When we walk by a house around the corner that has a very cool Halloween decoration (see picture). And given it is Pennywise and Georgie from It, she should go nuts. She should bark, get her hair up, show her teeth and act as ferocious as possible. I mean it is Pennywise the f'ing killer clown! Come on. I'll even admit that the It scene staging disturbs me a little bit deep in my plumbs and I'm a grown man. So, I got to thinking today about why this clown montage doesn't bother her at all. I think because it is there every day. She isn't surprised when she sees it. It is now a "known" part of the neighborhood. So, even though it is a clown that tears little kids' arms off, it is well known and not bothersome to her. This reminds me of how some investors are reacting to certain credit quality data these days. Subprime credit card and auto finance data continue to deteriorate at fairly rapid paces. Ally Financial (this is public and not my opinion) warned on delinquencies and losses a few weeks ago at the Barclays Financials conference in New York. And yet some sellside analysts and some buyside analysts seem quite relaxed about it. Why? I realize there are many factors at play here, but at its core I think it is because this credit quality issue is "known". If all of sudden electric vehicle credits or Steak and Shake franchise credits started to materially underperform, then those same analysts and investors would likely react more negatively. Why? Even though they would likely be small in magnitude, they would be "new" and perhaps indicative of something different. Weird how that works right? So, I'm guessing the market is hopeful we don't hear about any "new" credit issues starting Friday when banks like J.P. Morgan Chase and Wells Fargo. I feel that way too; however, I also remain focused on the Pennywises of the world. Even though it is known, it is still scary as sh*t and can destroy both your portfolio as well as your limbs. #doyourwork #askhardquestions #dontbeabagholder

The Evolve Bank and Synapse bankruptcy has been a fascinating thing to watch. It is testing how FDIC insurance and regulators deal with the rise of Fin-Tech companies that are not technically banks. From my understanding is that if you had funds with Yotta, Yieldstreet, or Juno, your funds are in a limbo. Synapse is bankrupt... but they are not a bank and they are they are not the ones who hold user funds. The funds are held by Evolve bank. Which does have the consumer funds, but is not releasing them. So the FDIC can't do anything, there isn't a bank that has failed. Consumers are stuck. This has many people wondering whether their "bank" is actually a bank and what it means for them. In my case, I use Wealthfront for some of my emergency fund earning 5%+ interest. Wealthfront isn't a bank. They lean on GreenDot for their banking and spread their account balances across multiple partner banks. I am personally not concerned. But it is definitely good to understand where your money actually is. I am hoping the Synapse bankruptcy leads to better consumer protections in cases like this.

Diving Into AI Deepfakes & Crypto Scams 🤖💰 How can technology better detect and prevent fraudulent schemes in the digital age?

Whether you're chasing dreams on the go or right here at home—focus on what matters most. At First State Bank, we'll take care of the rest, so you can keep moving forward with confidence. 🏀✈️💼 #FocusOnLife #FirstStateBank #HereForYou