Financial Friday - Inflation & Interest Rates

By: Eric Drachenberg, VP - Ag Lender

The Peoples Community Bank is proud to participate in the Farm Service Agency’s (FSA) Preferred Lender Program (PLP), a distinction we have held for several years. As a PLP-designated lender, we are recognized for our extensive expertise in agricultural lending and our proven ability to meet the rigorous standards set forth by the FSA.

According to the FSA, the Preferred Lender Program status is the highest level a lender can achieve...

Managing Finances with our Consumer Online Banking Tools

By: Laura Melby, AVP Personal Banker

Online banking has evolved over time, and there are a variety of ways you may make your banking easier by utilizing options within our online banking.  Let’s take a brief tour of available options.

Manage Cards – Did you know you can block your debit card temporarily within your online banking?  In the event of your card being lost or stolen, you can...

By: Mary Lynn Johnson & Stacy Dyreson - Mortgage Lenders

Owning a home is a significant milestone in a person's life, often a cherished dream for many. Given its importance, it's wise to familiarize oneself with the details of the home buying process. To assist, here is some guidance through a comprehensive mortgage guide put together by our experienced Mortgage Lenders.

1. Get Pre-qualified by visiting your Local Lender

This is a great first step to take...

Quinn B. Christensen – Chief Information Officer & HR Officer

At The Peoples Community Bank, we are committed to "Simply Good Banking," and a significant part of that commitment involves empowering you with clear, concise information.  I am here to explain some quick facts on how Individual Retirement Accounts (IRAs) work. 

Traditional vs Roth IRAs: What's the Difference?

Choosing between a Traditional and Roth IRA is like selecting the route that...

https://consumer.ftc.gov/articles/how-block-unwanted-calls

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By: David Jones, SVP - Commercial Lender

Big news! The Small Business Association (SBA) has announced 0% on its Annual Service Fee and SBA Guaranty Fee (Upfront Fee) for loans of $1,000,000 and less. This feature will run for SBA’s fiscal year, October 1, 2023 through September 30, 2024. 

What is a SBA 7(a) loan you might ask?  The 7(a) Loan Program, SBA’s primary business loan program, provides loan guaranties to lenders that allow them...

In our first customer spotlight video we meet with Chris Hendrickson, owner and operator of K&A Greenhouse. Chris and his wife, Angie, purchased the business together in 2005 and have since expanded to two locations in the Madison area. They recently finished a beautiful expansion to their Mineral Point Road facility. Chris talks about the joys and challenges of running a business and how the simple things are what make you successful.  

David Jones, Lender - Spring Green

One of the most underrated products in banking today is the Home Equity Line of Credit or HELOC.

What is it? How can you use it? Why would you want to?

Consider this, in lending a crucial component of whether a loan is approved or not is collateral. The greater the value of the collateral, the less risk the financial institution must assume, the better the rate and a greater likelihood that the loan will be approved. A HELOC is exactly...

In a perfect world, every parent hopes to give their child the best start in life. You’d send them to a great school and watch as they enter the “real world”, debt-free, leaps and bounds ahead of their constituents. But, the reality is that college costs aren’t what they used to be. In fact, in 1984 the average annual cost of tuition for a 4-year institution was $5,160 (in current $)*. In 2014 that average cost grew to $25,409 per year*, according...