CHECKING ACCOUNTS
|
| MINIMUM BALANCE |
SERVICE CHARGES |
BENEFITS |
| Free Checking |
| None |
None |
- No minimum balance
- Free ATM/Visa Check card
- Unlimited check writing – No per check charge
- No monthly service charge
- Monthly statements without imaged checks
- Automatic check safekeeping (for 12 months)
- 50 free duplicate checks with first check order
|
| ACTIVE Checking |
| $50 |
$5.00 |
• Students up to 23 years of age are eligible |
• Free ATM/Visa Check card (upon approval) |
• 10 free foreign ATM withdrawals per statement cycle ($1.50/foreign withdrawal after 10) |
• Unlimited check writing – No per check charge |
• Monthly statements with imaged checks |
• 50 free checks with first check order |
|
| Standard Checking |
| $250 minimum or $500 average |
$7 per month if minimum balance isn’t maintained (free to GLC members and individuals 62 years old and older)
15 cents per check over 30 checks per month if minimum balance isn’t maintained (free to GLC members and individuals 62 years old and older)
|
- Low minimum balance
- Free ATM/Visa Check card
- Monthly statements with imaged checks
- 50 free checks with first check order
- Optional check safekeeping (for 12 months)
|
| Checking with Interest |
| $500 minimum or $1,000 average |
$7 per month if minimum balance isn’t maintained
15 cents per check charge over 30 checks per month if minimum balance isn’t maintained |
- Interest: tiered market rates paid monthly on average collected balance; Interest rate increases as balance increases
- Free ATM/Visa Check card
- Monthly statements with imaged checks
- 50 free checks with first check order
- Optional check safekeeping
|
| Money Market Account |
| $2,500 minimum or $5,000 average |
$10 per month if minimum balance isn't maintained
$5 per debit in excess of 6 or $5 per third party w/d in excess of 3 per month |
- Interest: tiered market rates paid quarterly on average collected balance; Interest rate increases as balance increases
- Monthly statements with imaged checks
- Packet of 8 free starter kit checks
|
SAVINGS ACCOUNTS
|
| MINIMUM BALANCE |
SERVICE CHARGES |
BENEFITS |
| Regular Savings |
| $200 minimum or $400 average (waived for individuals under 22 years of age) |
$10 per statement cycle if minimum balance isn’t maintained
$5 per withdrawal in excess of 6 per statement cycle (does not apply to ATM w/d) |
- Interest: tiered market rates paid monthly on average collected balance; Interest rate increases as balance increases.
- Free ATM card
- Monthly statements
|
| ACTIVE Savings |
| $100 |
$5.00 per statement cycle if minimum balance is not maintained
$5 per withdrawal in excess of 6 per month |
- Interest: Tiered market rates paid monthly on average collected balance: Interest rate increases as balance increases
- Persons age 19 to 23 years of age are eligible
- Free
ATM card
- 3 free foreign ATM withdrawals per statement cycle ($1.50/foreign withdrawal after 10)
|
| Christmas Club Account |
| None |
None |
- No minimum balance
- Higher interest than regular savings account
- Statements at maturity
- Interest paid at maturity
- Disbursement on approx. Nov. 1
|
| Vacation Club Account |
| None |
None |
- No minimum balance
- Higher interest than regular savings account
- Statements at maturity
- Interest paid at maturity
- Disbursement on approx. Nov. 1
|
| $um Buddy Kids Club / Teen Savings |
| None |
50 cents per withdrawal in excess of 6 per quarter |
- No minimum balance
- Kids 0 – 12 years of age are eligible for the $um Buddy Kids Club
- Teens 13 – 18 years of age are eligible for the Teen Savings Account
- Quarterly statements
- Quarterly interest
- Quarterly newsletter with $um Buddy Kids Club Statements
|
| Certificates of Deposit |
| Traditional CD – Minimum deposit of $500 to purchase |
Penalty may be imposed for early withdrawal |
- Fixed rate for a specified period
- Terms range from 3 months to 48 months
|
| Step Up CD – Minimum deposit of $2,500 to purchase |
Penalty may be imposed for early withdrawal |
- Terms of 18 months or 30 month
- Option to step-up interest rate once during life of certificate
|
| Kids / Teen Club CD – Minimum deposit of $250 to purchase |
Penalty may be imposed for early withdrawal |
- 18 month term only
- Option to make future contribtions in $100 minimum increments
|
**CD Special**
Call for more information |
Penalty may be imposed for early withdrawal |
- Minimum deposit, rates, terms, and conditions will vary from special to special
|
| IRA (Traditional, Roth, Educational & SEP) |
| Minimum deposit of $500 to purchase |
Substantial penalty for early withdrawal |
- Interest compounds quarterly
- Terms range from 12 months to 48 months
- Automatic payment option available
|
LOANS
|
|
Automobile
- New or used financing available
- Flexible terms
- Discounted rates for your “good” credit rating
|
Residential Real Estate
- In-house or secondary market financing
- Competitive fixed or variable interest rates
- Flexible terms and conditions
- Variety of first-time home buyer programs
- Convenient home equity loans and lines of credit
- Home improvement loans, including reduced rate Nebraska Energy Loans
|
Construction
- Flexible terms and conditions
- Competitive interest rates
- Convenient construction to permanent financing all in one
|
Personal
- Secured and Unsecured
- Flexible terms
- Discounted rates for your "good" credit rating
|
Student
- Variety of options available
- Flexible terms
- Competitive interest rates
|
Ready Reserve (Overdraft Line-of-Credit)
- Peace-of-mind
- $500 standard protection limit
- Automatically advance in increments of $100
- Fixed rate
- Minimum monthly payment
|
|
|
| Commercial & Agricultural Loans |
Revolving Line-of-Credit (LOC)
- Exceptional convenience designed for the customer
- Automatic advances and payments from your checking account save you time and money
- Competitive interest rates
|
Machinery & Equipment Financing
- Flexible terms and conditions
- Competitive interest rates (fixed or variable)
|
Machinery & Equipment Leasing
- Provides long-term fixed rate financing
- Offers numerous payment plans and lease end options for maximum flexibility
- May offer tax advantages
- Creates allowable front-end costs
- Keeps working capital free
|
Agricultural and Commercial Real Estate
- Flexible terms and conditions
- Competitive interest rates
|
FSA (Farm Service Agency) Guaranteed Loans
- Enhanced terms
- Discounted rate with interest assistance
|
NIFA (Nebraska Investment Finance Authority) Loans
- Discounted rates and enhanced terms for first time land-owners
|
Feeder Finance Program
- Allows customers to purchase both cattle and feed directly through participating feedlots.
- Convenience – once cattle are purchased and the margin is applied to your account we take care of the rest. We pay the feedbills, keep track of the cattle sales, and are in direct communication with the feedyard. When the cattle are sold, we provide you with a pen closeout letting you know how the cattle performed and how much money you can draw back.
- Frees up working capital – for other operating notes or farming expenses.
- Can increase your borrowing capacity for cattle purchases without dealing with overline banks.
- Interest rates are very competitive – based on financial strength of the borrower, volume of cattle fed, and the amount of margin injected into the purchase.
|
|
|
Troy Ortmeier, Agent
206 North Main
PO Box 305
West Point, NE 68788-0305
402-372-2912
800-235-5331
Our Agency. . .
At F&M Insurance Agency, our goal is to provide quality service products to meet your insurance needs. We pride ourselves on first-rate products and service.
Our Products. . .
We offer both personal and commercial lines of insurance at competitive rates.
|
Commercial Insurance
- Business Owners
- Bonds
- Business Auto
- Contractors
- Property
|
|
The product is not a deposit account; not guaranteed or insured; not FDIC insured; not insured by any other agency of the federal government or any affiliate of the bank
(55 yrs & better)
The "Good Life Club" is F&M Bank's Club for very special seniors. If you are age 55 or better, you are eligible. Membership requirement is a $1,500 relationship at F&M Bank.
Good Life Club Benefits include the following:
- Free Checking
No service charge on regular checking account, no minimum balance required, and write as many checks as you want.
- Free Personalized Checks
- Free Notary Service
- Free Copying Service
- $3.00 annual discount on safety deposit boxes
- Free Lamination
Includes items such as photos, membership cards, etc.
- No Fee for Travelers Checks, Bank Drafts, or Cashier's Checks.
- No Charge for ATM withdrawals
- Free Financial Consulting
- Free Money Gift Envelopes
- Free Movies, Luncheons, and many other Special Events
A free special event, movie, activity, or trip will be offered each month.
- Free Monthly Newsletter
- Savings Account Bonus
When you open an account for a newborn grandchild we will deposit $5.00.
|
( 0-12 yrs old)
The "$um Buddy Kids Club" is a special club for kids who want to save money and have fun too. It's easy! Kids can join from 0-12 years of age by opening a new or transferring their existing savings account to a $um Buddy Club account.
$um Buddy Kids Club benefits include the following:
- Premium interest rate on your $um Buddy Kids Club Savings Account
- Free gift when you join
- Redemption of the $um Buddy Kids Club punchcard for a prize
- Fun activities including roller-skating, swimming, coloring contests plus lots more
- Newsletter sent out with your quarterly statement
|
Pay From Your Checking Account Without Writing A Check
Leave your checkbook at home. A VISA Check card is the same thing as a check without the time-consuming process of writing a check, showing identification and waiting for approval. Use the VISA Check Card instead of a check at all locations that display Interlink and VISA logos.
Get Cash At An ATM Without Your ATM Card
You don’t need a separate ATM Card when you have a VISA Check Card. It performs the same functions. Use it at all ATM locations that display NETS or Cirrus logos.
No matter where you use your card, a detailed description of every transaction you make will appear on your regular monthly checking account statement.
The Financing Alternative of the Future
You don't need to be an accountant to know that owning equipment, buildings or machinery does not create profit…using them does. In fact, your accountant might tell you that leasing may be the most cost-efficient financing source available today. That is why 8 out of 10 American companies lease some or all of their needed equipment.
Benefits of Leasing
- Provides long term, fixed rate financing to protect the cash flow from fluctuations in interest rates.
- May offer tax advantages as an operating expense. Lease payments are generally 100% tax deductible.
- Can provide an infusion of cash through sales - leaseback of presently owned fixed assets.
- Offers numerous payment plans and lease-end options for maximum flexibility.
F&M Bank offers a Feeder Finance Program that is tailor made to your cattle needs. Whether you are a cattle feeder, buyer, farmer or investor, our program can work for you.
Convenience. . .
Our program was designed to make your life easier. Once cattle are purchased and the margin is applied to your account we take care of the rest. We pay the feedbills, keep track of the cattle sales, and are in direct communication with the feedyard. When the cattle are sold, we provide you with a pen closeout letting you know how the cattle performed and how much money you can draw back.
Profitability. . .
Our interest rates are very competitive and are based on financial strength of the borrower, volume of cattle fed and the amount of margin injected into the purchase.
|
|
