Uncategorized Archive

Community Foundation Makes Pledge

Friday, August 6th, 2010

First Savings Community Foundation has pledged $50,000 to the Lutheran Community at Telford. “The five year Capital Campaign has been instituted to update and expand our facilities to provide enhanced services for our residents, their families and the community,” noted Terry Kolaz, Chief Executive Officer and President of the Lutheran Community. “We’re very grateful to the First Savings Foundation for their very generous pledge.”

At the heart of the expansion is a state-of-the-art Healthcare Center which will house the skilled nursing care and memory support personal care services.

Fred Schea presents a check to Terry Kolaz

“We’re pleased that First Savings Community Foundation is able to continue to support organizations such as the Lutheran Community and the good work they do for members of our communities,” said Fred Schea, President and CEO of First Savings. “During 2009, our Community Foundation donated over $170,000 to more than 65 not-for-profit organizations and charities.”

Consumer Tips: Buying a Wireless Phone

Tuesday, August 3rd, 2010
Remember those days when you called up Ma Bell to have phone service installed in your house? Those days are rapidly fading and it seems we use our phones everywhere except our house these days.

Deciding on a new wireless provider and cell phone can be easy, but not if wireless service providers have anything to say about it. All wireless companies are competing for the right to send you a monthly bill. They offer a multitude of calling plans, free phones, and other incentives to get your business. The good news is that you can find the perfect plan for you, if you apply a Who, Where, What, and When strategy.

Who asks which wireless provider has the strongest signal in your area? It is the most important consideration for most consumers. All wireless providers are not created equal in all areas. Talk to friends, family and co-workers to find out which provider has the best reception in your area. Everyone’s bottom line is a strong cell phone signal.

To figure out Who you also need to figure out Where. Will you use your phone mostly at home, the office, or in your car with a hands-free set? Will you be traveling overseas to Europe or Asia? Do you live in a large city surrounded by tall buildings? Do you use your cell phone mostly indoors or outdoors in the open country air?

Where is important because there are two different wireless networks operating in the US. The Code Division Multiple Access (CDMA) network is very strong in the US, particularly in rural areas. The Global System for Mobile Communications (GSM ) network has more global coverage. Both of these networks are used by wireless service providers. But they are used exclusively, so when a wireless provider offers the GSM network, it does not offer the CDMA network.

You’ve chosen a wireless service provider. Now it’s time to choose a plan. What will you mostly use your phone for? Will you be calling more than texting? How about checking emails or browsing the internet?

When you make calls is also important in choosing a plan. How many minutes a month will you use in peak times, those daytime hours where minutes count against your monthly total? Off-peak minutes are in the evening and on weekends, and normally do not count against your monthly minutes. Know when off-peak hours start and stop. Find out if your plan carries over un-used minutes from one month to the next. Also ask about plans that offer free minutes any time of day to friends you call frequently, or to friends that use the same wireless provider.

The final step is choosing a phone. All wireless service providers have many models. When you select a phone, focus on comfort and ease of use. Does the phone fit in your hand when talking and typing? Access the menu screen. Does it feel intuitive? Can you read the screen without straining your eyes?

There are many websites that offer impersonal advice on buying cell phones. It’s easier to figure out in advance how you will use your new phone and then ask friends and co-workers about their experiences. Most phones come with a contract and penalty for premature service cancellation. To avoid this penalty do your research and get the best phone the first time around.

This information is provided with the understanding that the association is not engaged in rendering specific legal, accounting, or other professional services. If specific expert assistance is required, the services of a competent, professional person should be sought. Provided as a public service by the Pennsylvania Association of Community Bankers.

Yes! You Can Control Your Spending

Thursday, July 22nd, 2010

We’re excited to announce that we’ve expanded our suite of personal online banking products to include FinanceWorks™, a FREE online financial management solution. This new and exciting feature is made available through Digital Insight, an Intuit company, and provides tools to better understand your financial picture, establish budget goals, and gain more control over spending, which in turn helps you to save more money!
With FinanceWorks™, you can:

Manage your finances in one place.
View your complete financial picture across 16,000+ financial institutions and creditors. Checking, savings, loans and credit cards…you can see them all with just one login.

See where you’re spending your money.
FinanceWorks™ automatically categorizes your transactions from your accounts
so you can control spending more easily, stay on budget and save more.

Ensure bills are paid on time.
Track your bills in one place no matter how you pay them.

Know how much you really have to spend.
View your projected balance based on upcoming transactions and paycheck deposits.

Get organized and simplify tax time.
Tax Watch report automatically tracks many tax deductible expenses such as child care and charitable contributions.

Conduct Simple Small Business Accounting.
Track business income and expenses within your personal accounts. You can generate a simple income/expense report and simplify tax time.

To learn more and take a virtual tour of FinanceWorks, visit our website, www.FirstSavingsOnline.comRemember, FinanceWorks is FREE with our personal online banking!!

Are You Aware of New Overdraft Rules for ATM and Debit Card Transactions?

Thursday, July 1st, 2010
 Stay Protected, Opt In for Overdraft Privileges 

 

The Independent Community Bankers of America (ICBA) and First Savings want consumers to be aware of new rules that will go into effect this summer governing overdraft coverage and fees.  These rules prohibit financial institutions from charging overdraft fees on ATM withdrawals and debit card purchases unless the consumer has opted into the overdraft coverage service. The new rules take effect July 1 for new accounts and Aug. 15 for existing accounts.

“Sometimes consumers need the convenience and protection that overdraft coverage offers.  Under these new rules, if community bank customers wish to continue to receive this service, all they have to do is let their bank know they want to keep on receiving overdraft coverage and are willing to pay the relevant fee,” said Jim MacPhee, ICBA chairman.

Under the new rules, consumers must be given an explanation of their bank’s overdraft payment services, including any relevant fees.  Customers will only receive overdraft coverage on ATM withdrawals and debit card purchases if they actively choose to opt in, and they are free to change their minds and opt out even after signing up for the service. Community banks still maintain the ability to pay or return items that create the need for an overdraft of the customer’s account and charge a fee for the returned item. 

It is also important for consumers to know that no community bank will discriminate against those customers who choose not to opt in for overdraft services.

Still, the best protection against unnecessary fees is to manage your account wisely.  ICBA and First Savings offer these tips to help consumers avoid overdraft situations:

  • Keep an eye on your account balance prior to withdrawing cash or using your debit card. Prevention is your best medicine.
    • Review your transactions on an ongoing basis.
    • Use services, such as online banking, that we provide to help you keep up-to-date with your balance.
    • Remember to record and deduct checks, automatic recurring payments and debit card transactions and to add any deposits that have not yet been posted to your account.
    • Do not use your debit card as you would use a credit card. Your debit card is like an electronic check and the funds are automatically deducted from your account.

 

  • Ask us about all of our overdraft services. First Savings offers other types of overdraft services, such as overdraft lines of credit and transfers or sweeps from a savings account or another checking account.
    • Overdraft lines of credit charge interest but provide a safety net. They may also have transaction and/or annual fees. If needed, disbursements can be repaid over a period of time.
    • Transfer or sweep arrangements from another account, such as a savings account, allow customers to cover overdrafts using their own funds for a small transaction fee.
    • We may also pay an overdrafted check or preauthorized debit to avoid consumers having the inconvenience of returned transactions, which include embarrassment, fees and hassles from merchants. While there is a fee for this service, it is also the same fee as if the item was not paid and the check is returned.
    • Talk to us about the best choice(s) for you.

“Community bankers are committed to providing our customers with the information they need to make well-informed decisions about managing their finances,” said Todd Hurley, First Savings Executive Vice President and Chief Operating Officer. If you have any questions or if you can’t decide whether to opt in, the best person to talk to is your community banker, we’ll explain the new rules and how they will benefit you.”  

For more information about ICBA, visit www.icba.org

 

About ICBA

The Independent Community Bankers of America, the nation’s voice for community banks, represents nearly 5,000 community banks of all sizes and charter types throughout the United States and is dedicated exclusively to representing the interests of the community banking industry and the communities and customers we serve. For more information, visit www.icba.org.

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Hot Diggity Dog!!

Friday, June 11th, 2010

Mark your calendar!  

For the fifteenth consecutive year, customers of First Savings are invited to have a hot dog and soda on Friday, June 18 in celebration of the bank’s  anniversary.  “This is just a small token of appreciation to our customers,” said Fred Schea, president and chief executive officer of the bank.  “We’re very fortunate to have such a large base of loyal customers in the communities that we serve, and this is an opportunity to thank them for the trust and confidence that they have shown us.”

The free hotdogs and beverages will be available at all nine bank branch locations of First Savings and will be prepared and served by bank officers and staff members from 3:00p.m. to 6:00p.m.  “Our annual Hot Dog Day is just one way our staff comes together with management to interact and thank all of our customers.”  Founded on June 22, 1922, this year marks the financial institution’s 88th anniversary.