Figuring out banking can be a daunting task What bank to choose? What accounts to open? Do you have enough money to open an account? These are all valid concerns, but at Newton Federal we simplify it, because we know that we are better together. Over 90% of all U.S. households use a checking account. … Read more
On average an American household spends $1,455 on holiday gifts. With the holiday season swiftly approaching for many of us, we want to make sure that this glorious time of year and surprise holiday costs turn into anticipated costs. At Newton Federal, we know that we are better together. That is why we have a … Read more
You want your business to succeed. That said, you’ll want to ensure you leave no stone unturned when it comes mining all available resources. When it comes to financial burdens, you bank account(s) contribute a great deal to your overall success. In this way, there are three specific kinds of accounts that work efficiently to … Read more
Business Center Stage. Town Square Olive Oil recently celebrated 7 years in business this past May. In celebration of them and the success of the many small businesses that make Covington their home, our President, Greg Proffitt wants to share the stories of local business owners within our Newton Federal Community. Cindy and Anthony Mask … Read more
Meet the President. Greg Proffitt has been a part of the Newton Federal Team for 17 years. Since the merger with Affinity Bank in 2020, Greg has served as President of Newton Federal Bank, focusing his attention on the Covington Market and brand relations within the community. He is an active member of the Community … Read more
Debit cards and credit cards are both popular payment methods that allow consumers to make purchases without using cash. While both types of cards offer convenience and security, there are some key differences between them. Knowing the Difference One major difference between debit cards and credit cards is how they are linked to your bank … Read more
From the moment you establish credit, it can be a bit of an uphill battle maintaining a credit score within a decent range. But what makes this so important; why should we care about our credit scores? These triple digit identifiers are what clue third parties into your credit history. In virtually any major purchase … Read more
Welcome back to our series on managing your credit score. If you missed the first two entries, you can review them here: LINK #1 LINK #2 Credit cards can feel like almost a get out of jail free card sometimes. Whether your checking accounts are low, or if it’d be more responsible to make a … Read more
Are you seeking to make any major purchases in the near future? A Car? A house? Applying for a loan? Any of these will ultimately call upon one major factor: your credit. It is one of the end-all-be-alls when it comes to financing. As such, it’s imperative that you understand everything your credit report is … Read more
Credit can be a major monster to tangle with. It can impact so many decisions in your life. If not managed properly, your credit score can be one of the most restrictive factors when it comes to your future plans. Still, mistakes can happen, and many often find themselves in the stronghold of poor credit. … Read more
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