News

Benefits of Paperless Statements

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Times are changing and so are the ways that people prefer to receive their banking statements. You might be asking yourself what the real benefits of going paperless are. We have compiled the top 4 benefits for you below:

  1. Decrease the clutter

Paperless billing helps decrease all of the piles of papers that you have sitting around. It will also reduce the risk of losing a statement due to clutter.

  1. Retrieve your records anytime, anywhere

With paperless billing, you can retrieve your statement 24/7 from any location. This adds to the convenience of paying your bill and decreases the chances of you missing a payment.

  1. Increased security

Mail theft is one of the most common ways people can attempt identity theft and fraud. With paperless statements, you don’t have to worry about someone stealing your statement through the mail.

  1. Save the environment

PayItGreen claims that Americans save 452,819 trees per year for every 5 percent of households that switch to electronic bills, statements and payments. Switching to paperless statements is an easy way to have a significant impact on the environment.

 

As you can see, there are many benefits of breaking away from traditional paper statements and opting towards paperless statements. Going paperless not only reduces environmental impact but also increases convenience and enhanced security. Learn more about going paperless on our website and see if this is the right switch for you!

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Great Ways to Give Back This Holiday Season

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The holiday season is quickly approaching, but not everyone is fortunate enough to celebrate comfortably. For many people and families, the holidays can be a difficult time of the year as they navigate celebrating the holidays and keeping their family finances afloat. Here are some great ways to give back this holiday season!

  1. Donate to a Local Cause

Around 13 million children in America live in poverty and many will receive few or no toys this holiday season. Purchasing toys for children in need can boost their self-esteem and have a positive influence on their lives. We support an incredible organization called Serve 6.8. This is a nonprofit organization that specializes in mobilizing, resourcing, and connecting the local church to care for vulnerable people in Northern Colorado. We will have gift trees again this year at our Windsor locations. Please stop in to support this initiative!

  1. Volunteer at Your Local Food Bank

According to Feeding America, more than 48 million Americans live in food-insecure households, meaning that they do not have enough access to a healthy amount of nutritious food. You can help serve these struggling families and senior citizens in need of food by volunteering at a local soup kitchen. Learn more about this opportunity on either the Food Bank for Larimer County website or on the Weld County Food Bank Website.

  1. Put Together Care Kits for the Homeless

Buy some bags and pick out practical and fun items to put in them. Some ideas include granola bars, water bottles, toothpaste and warm gloves or socks. Keep the care kits in your car, and hand them out to homeless people you encounter on your daily commutes.

 

  1. Charity 5Ks and Fun Runs

There are a lot of great holiday-themed 5Ks in Northern Colorado to participate in and running for charity is always a good—and healthy—idea. Check out all of the 5K races happening around Colorado and find one near you!

 

  1. Donate Canned Goods

Food Shelters are always in need of extra food around the holidays. Go to the grocery store or set up a canned food drive in your community to help donate cans of non-perishable foods to your local food bank.

At Points West Community Bank, we love giving back and participate in many different events throughout the year. We especially like to participate in events around the holidays. Here are some of the events we participate in. We encourage you to participate as well if you are able!

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What Lowered Interest Rates Means for Small Businesses

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We all know that low-interest rates are usually a good thing but how beneficial can low interest rates be for small businesses? The answer might surprise you! Here are some of the top implications of low-interest rates for small businesses. 

Less Expensive Loans

Most small businesses need a loan sometime in their lifetime. As interest rates decrease, so does the costs of loans. When interest rates are lower, so is the cost of paying back loans. This means that they take less time to pay off. Also, it will be easier to take out new short-term loans to help pay for unexpected expenses.

Low-Interest Rates Can Spur Consumer Spending

When interest rates are low, consumers tend to borrow more money. They then put that money back into the economy by spending more on products and services because they have more disposable income. This is extremely important for small businesses as it can mean that their customers have more money to spend in their business. 

Low-Interest Rates Can Spark Business Growth

Low-interest rates make it more beneficial for a small business to take out new loans to invest in expansion. Capturing a lower interest rate means your loan will cost you less in the long run. You may also be able to refinance some of your outstanding loans during a period of sustained low-interest rates to help stabilize your company’s debt load. Also, when rates are low, you can take the available cash your business generates and place it in high-yield accounts to generate more capital.

In times with low-interest rates, it’s important to take that opportunity to evaluate your business to see if it is the right time to expand and grow your business. At Points West Community Bank, we are always happy to answer any questions you may have. Contact us today!

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The Perks of Online Banking

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The world of banking is changing and it is becoming less common for a person to physically walk inside a bank. Now, there are so many other options to make banking more convenient for you as the customer. One of these options is online banking. Online banking offers many benefits and gives you more flexibility overall. We’ve compiled some of the top perks of online banking. 

Around the Clock Access to Your Account

With online banking, you have 24/7 access to your account and the ability to make changes to it. This means that there is no need to make the typical bank schedule work for you. You get to decide when to do your banking no matter what time of day it is. This gives you more flexibility and puts banking back in your hands.

An Increase in Speed and Efficiency 

No bank near you? No problem! With online banking, there is no need for driving all over town only to wait in line during your small window of free time during the day. Now you can use that time more efficiently by making any bank transactions online without any extra stress added.

Increased Organization

Online banking can help you better organize your finances and make it easier to avoid any late payments and the fees associated with that. Online banking allows you to set up automatic payments and gives you a platform that makes it easy to track these transactions. This helps you stay on top of your finances without adding any extra hassle.

Security 

A common misconception of online banking is that it is less secure than regular banks. However, this is not the case, as most online banks have encryption and fraud monitoring services built into it. Both of these services make online banking just as safe as traditional banking. Just make sure to make a secure password and do not share it with anyone.

 

Learn more about online and mobile banking on our website to see if this is the banking method for you!

 

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The Benefits of Banking Local

pink piggy bank with 5 stacks of coins increasing in size in a raising the bar motion

It’s a common misconception that smaller banks and community banks can’t meet your needs. But, you’ll often find that most local banks offer essential services like checking and savings accounts that are very comparable to those of larger banks. Let’s explore the main reasons people tend to choose local banks over large banks.

Grow the Local Economy

When you bank locally, you can be certain that your money goes directly to the growth of your local economy. Community banks, on average, devote more than 50% of their lending to small businesses (compared to just 18% at the 20 largest banks). Small businesses will borrow from the local banks, create jobs in the local economy, and, in turn, help fund the community as a whole. By banking local, you will be able to see the impact that your money has on the community around you.

Personal Service

To a local bank, you are not just an account number. You are a person with a story and goals, and your bankers are just like you. Local bankers will get to know you and will be able to help you find the right services that fit your unique banking needs. You will know what to expect from your bankers and feel comfortable asking questions when you need to. This kind of service is not usually possible with larger banks.

Same Services at Lower Costs

Local and community banks are often a good bet for free checking accounts. Some offer free checking to all, while others will waive fees if you enroll in paperless statements or online banking. Local and community banks will also offer attractive interest rates on savings accounts and loans, oftentimes beating out the larger banks. This is something to think about if you are planning on borrowing a large sum of money.

Community Involvement

Since local and community banks are dedicated to the community, they often support special causes in the community. Monetary donations, volunteering, and local event sponsorships are just a few ways Points West Community Bank shows support for the community surrounding it.

 

If you’re ready to join your community in banking locally, Points West Community Bank is here for you. We have several locations spread across northern Colorado to make it convenient for you. Our local bankers are happy to help you find the right checking accounts, savings accounts, and loans to fit your unique needs. Contact us today to get started!

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