Financial Education

At Maple Bank, we want to help you in your financial aspirations in any way possible.

One of the most important ways we can help is to provide you with valuable knowledge about money and banking. You're always welcome to speak with any of our experienced bankers, and we also want to make resources available to you online, so you can learn when it's convenient for you.

FDIC Money Smart

The Federal Deposit Insurance Corporation (FDIC) has developed computer-based personal financial management training sessions for people of all ages. Check out FDIC Money Smart today!

Control Your Credit Score

An important part of your financial well-being is your credit score. Below is some important information that can help you understand how this plays into the bigger picture of financial freedom that we are so diligent in helping you attain. Click here for additional information on how to obtain a free copy of your credit report.

What is your credit score? A credit score is a three-digit figure calculated from your credit history utilizing software called FICO (Fair Isaac Corporation). Despite what many think, the system is fair as the name implies; but you must understand how it works to use it to your advantage.

Why is it so important? Lenders use your credit score to determine your credit risk or whether or not you will repay the money they lend you. A higher credit score means that you are a lower credit risk or better customer. A high score also qualifies you for a better interest rate, which can translate to thousands of dollars in savings. So, it is in your best interest to monitor your credit score.

How is my credit score calculated? FICO uses five factors to create your credit score: payment history, amount owed, credit history duration, newly opened credit accounts, and types of credit used. Each factor is weighed differently depending on your individual circumstances.

Here is some additional information to help you understand credit scores:

 

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Please contact us immediately to report a lost or stolen ATM or Debit Card. After hours, please call 800.535.8440.