Relationships are a core value at First Southern National Bank. They matter a lot – in our faith, our families, our friendships and our work. That’s why we want to introduce our team to you by featuring our team members! Learn more about Krystal Gunderson, a loan officer at the Russellville branch. What
They say there’s no place like home, but does that mean you have to purchase one to get the benefits? Just like everything else, buying a home has its pros and cons. Pros of Buying a Home Fulfilling a DreamThere’s a reason buying a home is considered a major part of the American Dream. It’s
Borrowing money makes it possible to afford things that you couldn’t otherwise, but make sure you understand what you’re signing up for to avoid falling into overwhelming debt. Paying it Back Let’s be clear right from the beginning: when you pay for something with credit, you’re still on the hook for that money.
Coach: Workplace Cybersecurity HOW IT WORKS Interacting with technology at work is almost impossible to avoid. Do you know how to keep safe from the threats of malware, hackers, and scammers? It only takes one little slip-up to cause a big problem. This Coach session works like a training session, quizzing and improving four areas within your personal
Student Loan Payoff Calculator HOW IT WORKS By adding just a bit to your monthly student loan payment, you can greatly reduce the time it takes to pay off the loan as well as lessen the amount you pay in interest. This calculator will demonstrate how much time and money you can save by adding a certain amount
Home Equity Line of Credit Calculator HOW IT WORKS A HELOC (Home Equity Line of Credit) is a line of credit that allows you to tap into your home’s equity and borrow against it. This calculator will help you estimate the limit you could be approved for. Start by entering the value of your home. Next, enter the
Coach: What Auto Loan Can I Afford? HOW IT WORKS You need a car, but how much can you actually afford? This Coach starts by walking you through a doable monthly payment, based on your income and expenses, then shows you a purchase price range that fits your budget. You’ll learn more about auto loans and
Coach: Term Life Insurance HOW IT WORKS Most people realize the value of term life insurance to protect and provide for loved ones after they are gone but haven’t taken the next step to figure out just how much insurance they need. In this Coach session, you’ll figure out why you need life insurance and receive
Rule of 72 Calculator HOW IT WORKS The Rule of 72 predicts how long an investment will take to double based on a fixed annual interest rate. The rule is this: 72 divided by the interest rate number equals the number of years for the investment to double in size. For example, if the interest rate is 12%,
Emergency Fund Calculator HOW IT WORKS An emergency fund can be used to pay for essential expenses and propel you through a tough time. It should cover your take home pay for at least three months, but ideally six. This calculator shows you how much you need to save each month to reach your emergency fund savings goal.
Simple Interest vs Compound Interest You want to earn as much interest as possible on your savings but not pay more than you have to when you borrow. One of the biggest factors in both is whether you’re accruing simple or compound interest. Simple Interest: Calculated annually on the amount you deposit or owe. Compound Interest: Interest earned
Inflation Calculator HOW IT WORKS Inflation measures the rate of rising prices in an economy. Contributing factors include an increase in the cost to produce goods or an increase in the demand for goods or services. No matter the reason, inflation is typical and the Fed has an inflation target of approximately 2% (this helps a healthy
