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Digital fraudsters have developed COVID-related scams to take advantage of consumers during this very challenging time. Be cautious and follow these tips to keep yourself and your finances safe and secure.
Please note that this episode was recorded in the weeks prior to the pandemic. However, new fraud attempts are on the rise related to this crisis, we encourage individuals and businesses to remain vigilant and contact your financial institution if you are uncertain of a request for your information or for money. In this episode, we discuss fraud and identity theft on a broad scale with Eric Goff and Jennifer Kreighbaum from the First United Compliance and Fraud Department.
Understanding interest is crucial when investing your money. Given the option to earn simple or compound interest, you should always choose the latter. To understand compound interest, you first need to have a good understanding of simple interest. Here at First United Bank & Trust, we strive to make wealth management as easy as possible, so we’ve put together a helpful guide that clearly outlines how compound interest works.
Discussion with Chuck Olsson; Vice President, Chief Human Resources Officer at First United regarding human resources management during a pandemic and his thoughts on how small businesses can best support their employees during this challenging times.
“They provide us not only with loans for our buildings and properties and a line of credit to do business with, but they’ve helped us with recommending other things we can do to make our business more profitable.”