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Financial Trauma

Financial Trauma

Posted On: March 1, 2024 by San Luis Valley Federal Bank in: Financial Education

Confronting an Unspoken Reality: Financial Trauma Affecting Money Management. In the realm of financial education, there exists a subject rarely discussed: financial trauma. Yet, despite its taboo nature, its impact reverberates through countless lives, often quietly shaping financial behaviors and attitudes.  However, recognizing and addressing financial trauma isn't always met with open arms. Some may view it as an unnecessary intrusion into personal matters or dismiss it entirely, believing financial struggles result from poor decision-making. However, the reality remains that traumatic financial experiences can profoundly influence individuals' financial behaviors, often leading to patterns of avoidance, overspending, or even self-destructive financial habits. A survey completed by Experian, a consumer credit reporting company, discovered that two-thirds of adults have experienced financial trauma. Nearly 70% of adults feel they have suffered or are currently
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Recent Blog Posts

Financial Trauma

Financial Trauma

Posted On: March 1, 2024 by San Luis Valley Federal Bank in: Financial Education

Confronting an Unspoken Reality: Financial Trauma Affecting Money Management.

In the realm of financial education, there exists a subject rarely discussed: financial trauma. Yet, despite its taboo nature, its impact reverberates through countless...

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Tags: Financial Health, Financial Trauma

End of Year Donations

End of Year Donations

Posted On: February 1, 2024 by San Luis Valley Federal Bank in: News

Investing in Community: Our Commitment to the San Luis Valley

At San Luis Valley Federal Bank, community is at the heart of everything we do. As a member, your continued trust and support in SLVFB allow us to contribute to the growth and well-being...

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Tags: Donation

Health Savings Accounts

Health Savings Accounts

Posted On: September 29, 2023 by San Luis Valley Federal Bank in: Financial Education

The Power of Health Savings Accounts

In today's ever-changing healthcare industry, one tool that has emerged as a powerful ally for those seeking to take control of their medical expenses while building financial security is Health Savings Accounts...

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Tags: Financial Education, Health Savings Accounts, HSA, Savings

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Escrow Pricing Increase

Posted On: September 8, 2023 by San Luis Valley Federal Bank in: News

Important Notice: Your Escrow Pricing may Adjust for 2024

As you may be aware, your property value may have increased this year. County Assessors throughout the Valley performed a property valuation from January 01, 2021, to June 30, 2022....

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Tags: Escrow, Mortgage, Mortgage Loan, Property Taxes

Credit Report Opt Out

Credit Report Opt Out

Posted On: July 27, 2023 by San Luis Valley Federal Bank in: Financial Education

How to Opt Out of Marketing Triggered by Credit Inquiries

We recently learned that some members receive many marketing solicitations after pulling their credit report. The four major credit bureaus, Equifax, Experian, Innovis, and Transunion,...

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Tags: Credit Report

Commercial Loan Officers

Protecting your Business

Posted On: July 7, 2023 by San Luis Valley Federal Bank in: Financial Education

Business Identity Theft Protecting your Business and Resources

 

What is Business Identity Theft?

In the case of a business, a criminal takes over the identity of a business and uses that identity to establish lines of credit...

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Tags: Business Identity Theft, Protecting your Business

2023 Fireworks

2023 Fireworks

Posted On: June 20, 2023 by San Luis Valley Federal Bank in: Events

Save the date! In cooperation with the City of Alamosa, San Luis Valley Federal Bank is thrilled to announce its 25th annual fireworks show on July 4th, 2023, at the Alamosa Fairgrounds at 9:30 pm. The show is FREE to the public.

Check for...

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Amanda Gallagher BSA Officer

Safe Banking for Seniors

Posted On: June 15, 2023 by San Luis Valley Federal Bank in: Financial Education

SAN LUIS VALLEY FEDERAL BANK JOINS ABA FOUNDATION’S SAFE BANKING FOR SENIORS CAMPAIGN

We are joining the American Bankers Association Foundation’s Safe Banking for Seniors campaign. We will mobilize bankers across the Valley to educate...

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Tags: Financial Education, Financial Literacy, Safe Banking For Seniors, Scams

Robin with piggy banks

Raising Financially Responsible Children

Posted On: April 13, 2023 by San Luis Valley Federal Bank in: Financial Education

Raising Financially Responsible Children

Did you know that setting up a savings account for your children can be the best way to get them started on healthy and successful money habits? On the surface, it teaches basic math skills, but more importantly,...

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Tags: Budget, Financial Education, Financial Literacy, Saving

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Silicon Valley Bank Collapse

Posted On: March 13, 2023 by San Luis Valley Federal Bank in: New

Silicon Valley Bank collapse and understanding FDIC deposit insurance.

 

On March 10, 2023, the FDIC took control of deposits held at Silicon Valley Bank in Santa Clara, California, amid a series of unique circumstances that led to...

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Tags: Banking Industry News, FDIC, FDIC Insured, Silicon Valley Bank Collapse