Say “Hello” to HELOC.

A HELOC is a Home Equity Line Of Credit. Basically, that means it’s a line of credit secured by the equity you have in your home. With home prices going up, you may have more equity than you realize. Wanna Make Something Of It? You can use a HELOC in a variety of ways, from making home improvements to consolidating debt to covering medical expenses. HELOCs are flexible. They also allow you to draw on your line of credit on an as-needed basis. Points Of Interest Before you take out a HELOC, you should know that many HELOCs offer variable…

 

Turns out you can put a price on love.

According to the FBI, victims of romance scams lost over $600 million last year. So how can you tell the difference between dating and defrauding, and what can you do to protect yourself? We’re here to help. As friends, of course. Speed Dating vs. Too Speedy Dating Relationships take time to progress. They don’t go from, “Nice to meet you” to “Add me to your financial accounts” in a matter of weeks. If someone is moving too fast or you feel pressured, it should raise some red flags. At the very least, you’ve got to ask yourself if you really…

 

A Letter From Our CEO

To Our FMS Bank Community, What a year. Whoever thought we’d encourage people to wear masks in the bank? Or face so many unexpected challenges, both as an organization and in our communities? It was, however, a year of unexpected opportunities as well, and FMS Bank made the most of them. We set an internal record for the number of loans we originated, helping more of our neighbors start or grow their businesses, and get into new homes than any year in our history. We also led all banks our size in PPP loans for the state of Colorado. For…

 

Give Some Thought To Holiday Spending.

The most wonderful time of the year can also be the most expensive. Here are some easy tips so you don’t end up in a hole after the holidays.   The best way to avoid spending more than you planned is to actually have a plan. Set a total budget. Then make a gift list and check it twice. (Santa knew what he was doing.) Start with the people who are definitely getting something under the tree, then add to the list only if there’s room in your budget. Not all holiday expenses are gifts. Food, decorations, travel, babysitting (for those inevitable holiday parties)—they all go up at this…