NLB Blog

Mike discusses: Despite strong economic and job growth, there's no Federal Funds Rate cut yet. Rising consumer spending and credit card debt hint at an upcoming economic slowdown, possibly leading the Federal Reserve to cut rates by up to 75 basis points by year's end to manage inflation and sustain growth.

An HSA is a tax-favored savings account for individuals and families covered by a high-deductible health plan (HDHP). Contributions to an HSA are tax-deductible and distributions are tax-free if used for qualified medical expenses.

Identity theft is one of the fastest-growing crimes in the country, and everyday activities like disposing of documents present opportunities for sensitive information to be stolen. In recognition of this risk, NebraskaLand Bank takes proactive measures to protect our customers through initiatives like Comm(unity) Shred Day. This free event, taking place in both North Platte and Kearney, provides a safe and environmentally friendly way for community residents and local businesses to dispose of important documents.

North Platte: Friday May 3, 2024

• 11:00am -1:00pm
• Main Branch 1400 South Dewey
• Free will donations benefiting Lincoln County Law Enforcement Memorial. NebraskaLand Bank will match your donation up to $500!

Kearney: Wednesday May 8, 2024 

• 11:00am -1:00pm
• Kearney Branch 4615 2nd Ave
• Free will donations benefiting UNK Football. NebraskaLand Bank will match your donation up to $500!

The article highlights the significance of smart budgeting as a crucial step towards achieving homeownership. It presents budgeting not as a limitation but as a strategic tool for financial management, emphasizing its role in tracking spending, saving for a down payment, and preparing for monthly mortgage payments. A good budget offers insights into spending habits, enhances savings, reduces impulsive buying, and prepares individuals for unexpected financial challenges by advocating for an emergency fund.

Agriculture serves as a fundamental cornerstone of our communities. At NebraskaLand Bank our Ag Lenders understand the unique challenges and opportunities that farmers, ranchers, and agribusiness owners face daily. We take pride in our team of experienced Ag Lenders who are deeply passionate about fostering the growth and sustainability of agriculture in rural communities. We're shining a spotlight on our skilled lenders, their backgrounds, and how they bring valuable expertise to our clients.

At NebraskaLand Bank, we take great pride in our commitment to the community. Through donations, sponsorships, and volunteerism, we actively engage in making a positive impact. We would like to take a moment to recognize and celebrate those employees who go above and beyond by volunteering to make a difference in our community. This is our way of shining a spotlight on their remarkable efforts.

Exciting news for prospective homeowners in Nebraska! The Federal Home Loan Bank (FHLB) is reopening its Homeownership Set-Aside Program (HSP) and introducing a new grant program - the Homeownership Possibilities Expanded (HOPE) Program on March 4, 2024.

We are proud to support the organizations that tirelessly work towards improving the quality of life in our community. The My Fair Share program serves as an exemplary model of how individuals can directly benefit these organizations. Every year, employees of NebraskaLand Bank nominate local organizations to receive monetary donations. They have the freedom to choose which organizations to support by donating a percentage of their pay throughout the year. In this blog post, we will showcase the recipients of the 2023 My Fair Share Program.

Mike discusses the current economic situation marked by high inflation rates due to labor and material shortages, massive government funding, and record low interest rates. To combat this, the Federal Reserve has raised the benchmark federal funds rates, resulting in higher mortgage rates and increased home construction costs. However, indicators such as an inverted yield curve and slowing consumer spending and GDP suggest that inflation is declining, and rates are expected to fall significantly in the future, aligning with historical trends.

Tune in to the NebraskaLand Bank Podcast for the newest season featuring five informative and entertaining episodes. Co-hosts, Ty Lucas and Danielle Remus chatted with business leaders and innovators from all corners of our community. Whether you're a longtime resident or new to the area, you'll want to check out these episodes to learn about these outstanding businesses, entertainment hotspots and delicious food finds in North Platte.