April 10, 2024 - Life happens (no matter what plans you may have) and can set our finances off in a tailspin if we let it. Fortunately, there are things you can do to stay on course and keep your finances in line – even when life has thrown you a curveball - or two!
February 7, 2024 - Fake checks continue to be one of the most common instruments used to commit fraud against consumers. Before you deposit a check you weren’t expecting or wire funds to an unknown recipient, here is what you need to know:
December 18, 2023 - Every day, thousands of people fall victim to fraudulent emails, texts, and calls from scammers pretending to be their bank. And in this time of expanded use of online and mobile banking, the problem is only growing worse. The Federal Trade Commission’s report on fraud estimates that American consumers lost a staggering $8.8 billion to phishing scams and other fraud in 2022—an increase of 44% over 2021.
July 11, 2023 - You, or someone you know, could become the victim of a growing crime in America — financial abuse of older Americans. Seniors are increasingly becoming targets for financial abuse. As people over 50 years old control over 70 percent of the nation's wealth, fraudsters are using new tactics to take advantage of retiring baby boomers and the growing number of older Americans. Senior financial abuse is estimated to have cost victims at least $2.9 billion last year alone.
This article is published by American Bankers Association, Protect the Elderly from Financial Exploitation, 2023
January 1, 2023 - On Thursday, January 19, 2023, the ten-member MCA banks will no longer offer surcharge-free access to their ATMs. You will, however, be able to continue to use all 16 Katahdin Trust ATMs with a Katahdin Trust debit card surcharge-free!
November 1, 2022 - With inflation still at an all-time high and the rise of fuel and grocery prices not letting up, the smartest way to get your holiday budget under control is to plan ahead now—and not burn up your budget with last-minute shopping.
October 7, 2022 - Many of us have an older person in our lives who protected us from financial mistakes growing up, whether it was our parents, family members, or trusted friends, and now the time has come to give them the same level of protection. October 1st marked International Day of Older Persons, a day to challenge negative stereotypes and misconceptions about older persons and aging...and a good time to check in on someone you care about.
September 7, 2022 - Over the last few years, industries across the world have been affected by “The Great Resignation.” Being forced to work from home, making changes to our typical daily routines, and living with uncertainty have caused employees to re-evaluate their career goals, while also being conscious of the health and wellness of their families.
August 3, 2022 - It finally happened. The light bulb in your head has gone off: “I have a business idea that will change the world!” While many of us have been in this situation before, it’s important to not get carried away in the moment. To be a successful entrepreneur and business owner, it is vital to think ahead, develop a business plan, consider a launch strategy, and think about your business trajectory.
July 6, 2022 - The concept of the “American Dream” has been glorified over the last century in pop culture, usually referring to building a family in a safe, suburban environment while living comfortably. Unfortunately, one of the key aspects of this idea has become increasingly more difficult to achieve: homeownership.
June 10, 2022 - Banking has come a long way from waiting in a long line at the end of a work day just to cash a check. With today’s technology, digital banking is the most convenient way to access all your accounts and manage your finances on one device–wherever you are.
May 4, 2022 - Cybercrime is an ongoing threat in our digital world, and it continues to evolve with new threats all the time. The FBI reported that $6.9 billion was lost through internet crimes in 2021, with 847,376 separate complaints, a 7% increase from 2020.
April 1, 2022 - April is Financial Literacy Month – a time to review your finances and learn more about important topics like budgeting, taxes, managing student loans, and more. It's also a great time to start reviewing and learning important skills that will help you for the rest of your life– no matter how young or old you are.
March 4, 2022 - Whether you're a first-time homebuyer, looking to refinance, or planning to renovate your summer camp, there are different loan options available that can help you see your project come to life.
February 7, 2022 - Work with a local experienced lender for whatever building project is on your plate. From quick fixes to fixer-uppers to brand-new construction, we’re ready to get your home or camp project started on solid ground.
January 7, 2022 - Even with the best planning, life will sometimes throw you a curveball. That's why opening a Health Savings Account (HSA) is one of the smartest things you can do to protect yourself and your family.
FDIC-Insured - Backed by the full faith and credit of the U.S. Government
Chat with Us