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    Market Update

    Federal Spending Strengthens U.S. Dollar

    The S&P 500 Index grew 5.8% in the first quarter in response to the massive fiscal stimulus and the anticipation of a significant economic rebound. The recent passage of the $1.9 trillion federal stimulus package added to the previous five major stimulus bills totaling over $5.2 trillion. Lawmakers as well as the Federal Reserve have responded dramatically to the COVID pandemic flooding the market with liquidity and the markets responded positively. The COVID-relief money flooding into depository institutions is being used for consumption and investment and helping corporate earnings rebound quickly.
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    Security and Fraud Prevention

    IRS Lists Dirty Dozen Tax Scams

    on March 22, 2021 | By Margo Leiter, CISM
    It’s the time of year when the Internal Revenue Service (IRS) releases its list of the latest tax scams. Scammers routinely use the anxiety of tax season to prey on the unsuspecting, and this year, they’re also using the pandemic and the government’s Economic Impact Payments to steal money and identities from taxpayers.
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    Security and Fraud Prevention

    “Funny Money” No Laughing Matter

    on March 12, 2021 | By Bradley Ruhmann
    iTestCash is a company dedicated to helping big and small businesses throughout the U.S. and abroad. Its CEO, Alex Reichmann, comes from a family that has spent their lives focused on the protection of people’s money. His grandfather’s company invented the counterfeit detector pen that many banks and retail businesses use to identify counterfeit bills.
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    Estate Planning

    Economic Recovery Is Underway

    With the completion of the fourth quarter of 2020 corporate earnings releases, investors are monitoring daily COVID headlines, rising interest rates, and the potential for a new stimulus program. Corporate earnings were mostly better than expected and guidance for the year ahead was surprisingly strong.
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    Estate Planning

    Initial Market in President Biden's First Days

    The S&P 500 Index was down 1% in January based on investors’ revised expectations of corporate revenue growth and earnings. First, the COVID-19 vaccine distribution and inoculation process is proceeding slowly while the virus is mutating. The new strains appear to be slightly more virulent and the vaccination timeline will take longer and delay economic normalization.
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    Business

    Why Should I Use My Debit Card?

    on January 13, 2021 | By Bradley Ruhmann
    You may already be using it for dining and entertainment, groceries, gas, shopping online, and monthly bills like utilities, cell phone plans, gym membership, auto insurance, and much more. What are some of the other advantages of using a debit card?
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    Market Update

    Investment Market Update: Positive Takeaways From 2020

    2020 was an unusual and volatile one with the S&P 500 Index’s 34% decline in 30 days in March followed by a retracement and rise of over 16% by year-end. This proved once again that a longer-term outlook is required in successful equity investing.
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    Security and Fraud Prevention

    Stop Ransomware Before It Stops You!

    on December 16, 2020 | By Margo Leiter, CISM
    Ransomware is a type of malicious software that encrypts files, preventing access until a demanded sum of money is paid in exchange to unlock files. Individuals and businesses have become targets in this growing online fraud.
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    Security and Fraud Prevention

    8 Ways to Avoid Online Fraud

    on November 9, 2020 | By Margo Leiter, CISM
    Cyberattacks are becoming more and more sophisticated and common. According to the 2019 Norton Cyber Security Insights Report, 152 million U.S. consumers were victims of cybercrime – more than half of the country’s adult online population – with losses totaling nearly $11.3 billion. Crews Bank & Trust is highlighting ways to help consumers protect themselves against online fraud.
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    Security and Fraud Prevention

    A Dozen Ways to Protect Your Mobile Device from Hackers

    on October 26, 2020 | By Margo Leiter, CISM
    As of January 2020, there were approximately 246.3 million mobile internet users in the United States, accounting for 87 percent of the population, according Statista, a provider of market and consumer data. Review 42 reports that the average user will tap, swipe, and click their phone 2,617 times a day and spend 171 minutes a day on a device.
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