McHenry Savings Bank
September 7, 2022
More than 43.3M college graduates began their career owing more than $37,000 in student loans in 2022. Considering the additional living expenses they’ll soon face combined with the crippling effects of today’s inflation, new college graduates would be wise to focus on their financial future right now.
August 23, 2022
There probably has never been a shortage of people willing to forecast what will happen in financial markets - today’s communication tools simply amplify their presence and widen their distribution. In times of turmoil, these pundits seem to shout louder and exude boundless confidence in their positions.
August 9, 2022
Small businesses are the heart of our country, and they give back to the local economy in more ways than one. McHenry Savings Bank (MSB) was established in 1955, as a savings and loan bank, by a group of community like-minded people. Throughout the years, MSB grew and changed to meet the needs of...
July 21, 2022
At first glance, most First Time Homebuyers can afford the monthly payments on their home because it is similar to what they are paying in rent. However, a barrier to homeownership is often the magnitude of the savings necessary to use for a down payment and other costs associated with buying a home.
May 19, 2022
We wish it wasn’t true, but we see fraud or attempts to commit fraud daily. It seems the scams never end. Making sure your business is protected from hackers and scammers isn’t that hard if you put a few best practices into place for all of your staff with access to your online banking accounts.
Feb 9, 2022
Just about every farm owner or manager, when asked, will tell you he or she is happy with the bank. If I can personalize that for a moment: Are you happy with your bank or are you simply not unhappy? Further, is this a question even worth thinking about? If you can’t...
Aug 30, 2021
The variety of options available today to fund the purchase or re-financing of farmland would make previous generations envious. Today’s low rate environment, combined with a range of available mortgage structures, offers a remarkable array of ways to improve your…
Aug 24, 2021
Three emerging macro trends have recently started to converge, which may provide you a unique opportunity to materially improve the financial position of your farm or ranch, if you act quickly. Any one of these trends is important in its own right, but the combination…
Aug 20, 2021
Do you have a small acreage farm in the country with a nice home, small barn and a few animals like a horse, a couple of goats, a few sheep and maybe some chickens? Would you like to lock in today’s remarkably low, long-term rates for as long as possible on that land?…
Aug 3, 2021
In this digital age, identity theft can happen to anyone despite your best efforts to prevent it. If you’ve been in the unfortunate situation where your personal information has been stolen, you know how violating and frustrating it can be. The good news is there…
July 15, 2021
Everyone knows it’s in your best financial interest to have both a savings and a checking account. While checking accounts are useful for daily spending and expenses, savings accounts are great for saving for larger purchases and investments that you may need more…
June 17, 2021
As a child transitions into their teen years, it is imperative they develop an early understanding of their personal finances. This discussion and lesson too frequently emerges as they graduate high school and enter the workforce or attend a college, where their…
McHenry Savings Bank
353 Bank Drive
McHenry, IL 60050
(815) 385-3000
Routing Number: 271972569 | NMLS# 630527
2022 McHenry Savings Bank - All rights reserved. v4.9.4
