More than a century of service in the community set First Federal apart

  • By Kyle Valentini
  • July 29, 2012
  • 333
                        
Teaser: Once called the Dover Building and Loan Company, First Federal Community Bank has been helping residents meet their financial goals since 1898. A long history of service has allowed the bank to grow to five branches in Dover, New Philadelphia, Sugarcreek and Berlin. “We serve Tuscarawas and Holmes County individuals, families and businesses and because we live and work with our customers they are our first priority,” said First Federal President Trent Troyer. “Their success is what has allowed us to continue to serve the community.” More than just a bank, First Federal reinvests in the community and maintains products and services that allow them to compete with the lending power of national banks while maintaining the personalized service customers have come to expect. First Federal has simplified banking by providing 21st Century tools that keep the customer in control of their money. Online banking and bill pay eliminates the hassle of writing checks and keeping track of due dates. Free checking and exclusive programs like Kasasa help customers save money and even earn it with massive interest rates like 3.01% APY on qualifying accounts. At First Federal you get to know the friendly staff and are greeted with a warm welcome whether you are applying for your first home loan or setting up a savings account for your grandchildren. Banking at any of the conveniently located branches, at home from your personal computer or on the go with your smart phone keeps you in control of your money and you can feel good about stimulating the local economy each and every day when you choose First Federal Community Bank. Main Story: A sense of pride comes along with a host of other benefits when you choose to do your banking at First Federal Community Bank. Since 1898 First Federal has grown to serve the very community that has allowed it to thrive in a variety of economic climates. Now with five locations in Dover, New Philadelphia, Sugarcreek and Berlin, First Federal has the products and services you need to feel confident about managing your money in a financial institution that reinvests in the community, dedicates time and energy to vital charitable causes through volunteerism and shows leadership through participation in civic organizations that make a difference to the people that call the region home. Last year First Federal introduced Kasasa, a free checking and savings program designed to help customers manage their money while earning massive interest just by doing what they do already. With no minimum balance required, a Kasasa checking account gives customers 3.01% APY on balances under $10,000. National banks typically reward customers with balances over $10,000. At First Federal it is the other way around because they know their success comes from individuals and families that live and work in the community. In order to qualify for this unheard of interest rate, customers need only to have their paycheck set up for direct deposit, something most employers do anyway. A minimum of 12 signature-based check card transactions are required and electronic bank statements or e-statements as they have come to be known in the industry in lieu of paper statements and customers are earning interest that actually adds up. “Nearly everyone uses their debit card daily. It is easier to reach the required 12 transactions than some people think,” said First Federal President Trent Troyer. “Around here we call it the three G’s, groceries, gas and grub. Everyone purchases groceries and gas each week and with today’s busy lifestyles most of us have a meal out as well.” Kasasa Cash caters to customers of all ages and aims to simplify banking. New customers and even current First Federal customers can sign up for a Kasasa account at any of the convenient branch offices or online through a simple process that takes less than ten minutes. First Federal encourages customers to save for the future and interest earned through your Kasasa Cash checking account can automatically be deposited in your savings account. Customers that carry a higher balance can still earn interest at 0.50% APY on amount of balance over $10,000 and the same rate if monthly account obligations are not met. Kasasa offers nationwide ATM fee refunds so customers can access their money anytime and anywhere without having to pay a fee. It’s your money, after all. Kasasa has no service fee for each monthly qualification cycle and no minimum balance requirement to earn rewards. Unlimited free checking and a free Visa debit card allows you take control over the management of your money. “We want customers to have control over their finances,” said Troyer. “Our customers work hard for their money and they should be rewarded for that.” Kasasa Tunes rewards customers with music, movies or app downloads when they qualify. Imagine a free checking account that rewards you with $5 of downloads each month as well as offering you nationwide ATM refunds, free online banking and bill pay and no hidden fees ever even if you don’t meet your monthly obligations. “The state of banking has been painted with a broad brush,” said Troyer. “At First Federal we are lending and we are experiencing economic growth. We are able to offer programs like Kasasa that have allowed us to compete with national banks while keeping your money in the community where it does the most good.”


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