Tax Season is Here: Access Your Bank Statements with Ease
Posted On: January 20, 2025 by Prevail Bank in: Banking
(2025) It’s that time of year again—tax season! Having access to your bank statements and tax forms is crucial, and we’re here to help make it easy for you.
Accessing Your Statements OnlineIf you use online or mobile banking, you can quickly and securely view your monthly bank statements and important tax documents, such as Forms 1098 and 1099. By January 31, these forms will be ready for viewing, downloading, or printing.
Helpful Tip for...6 Money Tips for New Parents
Posted On: January 16, 2025 by Prevail Bank in: Banking
Becoming a parent is one of life’s most exciting and rewarding experiences. It also brings new financial responsibilities that can feel overwhelming. With proper planning, however, you can confidently navigate this new chapter. Here are some practical money tips to help new parents prepare and thrive financially, along with ways Prevail Bank can support you.
One of the first steps to financial readiness...
Cozy Up & Conquer: 7 Personal Finance to-dos for Cold Weather Days
Posted On: January 15, 2025 by Prevail Bank in: Banking
Get comfortable with a warm cup of coffee or tea and crunch some numbers this winter. Knowing your net worth can be a first step in setting realistic financial goals from paying down debt to planning for retirement. Your net worth is the sum of all your assets minus the sum of all your liabilities. Assets are anything of value that you own – checking/savings account balances, real estate, or retirement accounts to name a few. Liabilities are your financial obligations,...
Prevail Empowers Communities, Inspires Change, Supports the Future
Posted On: December 30, 2024 by Prevail Bank in: Banking, Community
(2024 Year in Review)
At Prevail Bank, community impact drives everything we do. Throughout 2024, we’ve embraced our mission to foster growth, inspire dreams, and bring meaningful change to the lives of our neighbors. Through charitable contributions, educational programs, sustainability initiatives, and community collaborations, we’ve demonstrated what it truly means to be a bank that cares.
Survive Winter & the Holidays with Our Helpful Savings Tips
Posted On: November 5, 2024 by Prevail Bank in: Banking
With inflation driving up costs, many people are struggling to prepare for winter and the holiday season. Here are tips to help you save money and stay financially secure:
Lower Your Heating Costs Lower the thermostat: Dropping it by 1°F can cut 3% off your bill. A bigger drop (10-15°F) for 8 hours daily can save 5-15%. Use a programmable thermostat for convenience. Turn down your water heater: Lowering it to 120°F can reduce costs by 4-22%. Shortening...Stay Savvy: How to Avoid Holiday Online Shopping Scams
Posted On: October 30, 2024 by Prevail Bank in: Banking
The holiday season is a time for joy, festivities, and shopping! While online shopping offers convenience, it also comes with risks. Scammers use this busy season to trick people out of their hard-earned money. At Prevail Bank, we want you to shop safely. Here’s how to spot online shopping scams and protect yourself.
1. Red Flags for Online Shopping ScamsToo-Good-To-Be-True Deals: Extremely low prices on high-demand items are often scams. If the price seems...
Prepare for Your Tax Return
Posted On: October 28, 2024 by Prevail Bank in: Banking
Take a proactive approach to your taxes by preparing for your tax forms arrival and filing early. A few reasons why you should file as early as you can:
You’ll receive your tax refund quicker. Gives you more time to prepare payment for any taxes you owe. Provides you with important financial information. Helps prevent tax return identity theft from occurring. Where to Find Your Tax Form Data from Prevail Bank On Your Computer Click the Accounts...Account takeovers are on the rise. What can you do about it?
Posted On: October 10, 2024 by Prevail Bank in: Banking
What is an Account Takeover?
An account takeover occurs when cyber criminals gain control of your online accounts using stolen credentials. They typically purchase consumer PII (Personally Identifiable Information) from the dark web, which is often sourced from data breaches, phishing scams, or malware. PII includes information like your name, address, email, phone number, date of birth, social media login details, and passwords.
Once a criminal has access to this...
90 Years of Growth: To Our Customers We Say, 'Thank You'
Posted On: September 25, 2024 by Prevail Bank in: Banking, Community
This month we celebrate nine decades of banking and helping our communities grow. Over the last 90 years, the bank has grown from one Federal Savings and Loan Association in Medford with $2,881 in assets, to over $930,000,000 in assets and nine Wisconsin locations from as far south as Baraboo to the beautiful Northwoods of Phillips. In 2019, we added three new branches and commercial lending and business deposits to the bank’s product mix to help make Prevail Bank a true...
Smart Debt: Choices That Shape Your Financial Future
Posted On: September 13, 2024 by Prevail Bank in: Banking
Some people avoid debt entirely, choosing to pay for everything with cash or their debit card. This approach is valid and keeps spending in check, but it may not help build credit for future borrowing needs.
For most of us, debt is a part of life, used for everyday expenses and major purchases. When managed wisely, debt can be a valuable investment in yourself and your future.
Examples of Positive Debt: Student Loans:Investing in education through a...