CBWY Blog

For many people, retirement can seem like a far-off concept that’s hard to plan for. But if you start saving early, you can take advantage of the power of compound interest and build a nest egg for your golden years. One of the best ways to do this is by investing in an Individual Retirement Account (IRA). IRAs are great tools to save for retirement because they offer tax benefits and the potential to grow your money over time.

Anywhere you are asked for a form of identification, such as the airport or the DMV, acceptable documents typically include a driver’s license, birth certificate, passport or Social Security card. But in an increasingly online world, digital identity credentials are becoming more common. In fact, 98% of security professionals have reported an increase in the number of identities they manage within the last year – meaning there are more digital identities than ever before.

Here are some tips to help you stay safe while using mobile banking.

• Download official banking apps only
• Use strong passwords and biometrics
• Enable two-factor authentication
• Keep your device updated
• Avoid public Wi-Fi networks
• Monitor your accounts regularly
• Only pay people you know

Whether you’ve just started researching or you’re ready to start house hunting, we’ve gathered a few tips to help you on your home buying journey.  

Having a savings account comes with several benefits that can help you reach your financial goals faster. Saving Accounts can provide a sense of security and stability during difficult times or unplanned expenses. In order to start taking advantage of the benefits of having a savings account, you need to know how to save money effectively.

Cybercriminals have been getting more sophisticated in their attacks, employing advanced technologies like automation and artificial intelligence (AI) to make their attacks more effective. While it once was considered secure to use a six- or eight-character password to keep your personal information safe, today’s cyber landscape requires stronger, more secure password protection.

This year our culture committee challenged us to complete a service project that benefits our community that is driven by our culture statement, Community Minded.  They called this challenge, Project [Blank], with our team filling in the blank as to what project to choose.  We accepted the challenge and got to work!  We filled in the blank and chose to call our plan, Project Hope.

Each year, our employees nominate various organizations in our community to be the recipients of monetary donations contributed solely by the Bank employees. The “My Fair Share” program allows employees to decide what percentage of their contribution will directly benefit each organization. The recipients of the 2022 My Fair Share Program are the Red Desert Humane Society and Hospice of Sweetwater County.

Chances are, you’re among the 72% of Americans who use social media. Maybe you enjoy the “short and sweet” appeal of Twitter and Snapchat, or you like Facebook because it’s a great place to stay in touch with old friends and family. If you’re a real social media maven, you could be active on all the major platforms. It doesn’t matter which site or app you choose, though. What is important is how you use social media and what you’re sharing — or oversharing.

As the year comes to a close, many people pause to reflect on the past 12 months and prepare for the new year ahead. That pause and reflection can often help us reset our perspective and prepare for the new year. When it comes to evaluating the evolving risks to our personal information, an end-of-year recap can be useful to prepare for the new risk trends that are on the horizon.