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Jun 24, 2015

Getting Started with Online Banking

We are pleased to introduce Bank of Luxemburg's new online banking system. Online banking offers you convenience and accessibility. Bank anywhere you have internet access! For extra convenience, don't forget to download the FREE Bank of Luxemburg online banking app from the iTunes Store or Google Play.

The following video will show you what to expect when you log in for the first time. If you have any further question, call us at (920) 845-2345 and we'll be happy to assist you!

Apr 29, 2015

Community Banks Keep Rural America Growing


Bank of Luxemburg takes pride in serving our friends and neighbors! Our customers appreciate our hometown service and personal attention. And, as a community bank, we make our loan decisions locally with a quick turnaround times. Community banking is one very important way rural areas grow and prosper!

Just one of the many ways community banks build better communities
Washington, D.C. (April 13, 2015)—During ICBA Community Banking Month, the Independent Community Bankers of America® (ICBA) celebrates the nation’s community banks for their unparalleled role in helping America grow by lending to local farmers, ranchers and agricultural enterprises and serving as financial first responders to the agricultural economy.
“Community banks are essential to the overall health and financial success of rural America because they provide an overwhelming share of credit to local farmers and ranchers,” said ICBA Chairman Jack Hartings, president and CEO of The Peoples Bank Co., Coldwater, Ohio. “Many community banks have been serving agricultural enterprises and family farms in their communities for more than 100 years. And because community banks are small business owners themselves, they are better able to serve their agricultural customers because they understand the local market first-hand and have highly specialized expertise in the agriculture business.”
Across the nation, community banks operate 52,000 locations, employ 700,000 Americans and hold $3.6 trillion in assets, $2.9 trillion in deposits and $2.4 trillion in loans to consumers, small businesses and the agricultural community.
Community banks have consistently been the largest provider of agricultural credit within the commercial banking sector and are often the catalysts for new and expanded business opportunities within their communities to ensure long-term economic viability and vitality. In fact, community banks provide $57 billion in agriculture loans.
“Community banks stimulate rural economies in a multitude of ways, including creating jobs, maintaining the local tax base and facilitating development of the infrastructure and public services necessary to keep rural communities vibrant,” Hartings said. 
To take part in the conversation on ICBA Community Banking Month, follow #BankLocally on Twitter.

Mar 31, 2015

Tim Treml Promoted to Executive Vice President/Chief Lending Officer


Bank of Luxemburg Chief Lending Officer Tim Treml has been promoted to Executive Vice President/Chief Lending Officer.

In his new role, Treml will continue the duties of Chief Lending Officer while acquiring new responsibilities as Executive Vice President including, participating in the bank’s annual strategic planning meetings and leading the implementation of annual action plans to keep the bank moving forward in a positive direction.

Treml’s promotion comes as a result of his leadership and long-term commitment to the bank. Treml has been employed with Bank of Luxemburg for 19 years this June, seven of which he spent as Chief Lending Officer. In addition, Treml is a graduate from the Graduate School of Banking and, this March, graduated from the Leadership Development Program for Community Bankers, a one-year program offered through the Center for Professional and Executive Development at the University Of Wisconsin School Of Business.

“Bank of Luxemburg is extremely proud of Tim’s accomplishments,” said John Slatky, President of Bank of Luxemburg. “The customers in our communities will be well-served for many years to come with Tim in a leadership role at the bank. Our customers expect nothing less than exemplary service and sound leadership from their banker and Tim continues that tradition.”

Luxemburg Bancshares, Inc. and Bank of Luxemburg have banking offices in Luxemburg, Green Bay, Dyckesville, Casco, Algoma and Sturgeon Bay. The company also operates Raymond James Financial Services, offering financial planning and the sale of alternative investments to its customers in each community.

Mar 24, 2015

Join us for Money Smart Week Events!

Money Smart Week® is a public awareness campaign designed to help consumers better manage their personal finances. This is achieved through the collaboration and coordinated effort of hundreds of organizations across the country including businesses, financial institutions, schools, libraries, not-for-profits, government agencies and the media. These groups come together once a year to stress the importance of financial literacy, inform consumers about where they can get help and provide free educational seminars and activities throughout the week. Programming is offered to all demographics and income levels and covers all facets of personal finance from establishing a budget to first time home buying to estate planning. The effort was created by the Federal Reserve Bank of Chicago in 2002.  Events are held during Money Smart Week® or throughout the year.  This year, Money Smart Week® is April 18 – 25, 2015.

This is the second year Bank of Luxemburg is participating.  Our scheduled events include:

Homebuyer Workshop – 3/28/15 at 9:00 a.m. – 2:00 p.m. at Bank of Luxemburg, 630 Main Street, Luxemburg, WI 54217; workshop offers practical tools, information and handouts about the home buying process.  A certified housing counselor facilitates the workshop.  Presented by Chris Loose, Lakeshore CAP.  Other informational speakers will be from a Real Estate Agency, Title Company, Bank of Luxemburg Mortgage Lender, Home Inspector and Insurance Agency.

The ABC’s of Saving Money – 4/20/15 - 4/25/15 all Bank of Luxemburg locations will hand out this booklet to children who stop by the branch to learn the basics of saving money.

Reverse Mortgages Fact & Fiction – 4/22/15 at 6:30 p.m. – 7:00 p.m. at Bank of Luxemburg, 630 Main Street, Luxemburg, WI 54217.  This informational seminar discusses the benefits of this retirement tool that can be employed at the beginning of retirement or as you reach age 62. Presented by Harlan Accola, Money Wise. Visit their website at www.reversemortgagetime.com/

Funeral Trust Seminar – 4/22/15 at 7:15 p.m. – 8:00 p.m. at Bank of Luxemburg, 630 Main Street, Luxemburg, WI 54217.  This informational seminar discusses setting funds aside for your burial needs and the financial protection it serves for you and your family.  Presented by Bob Tuszynski, Bank of Luxemburg Investment Advisor.

Fraud-Identity Theft: What You Don’t Know, What You Should Know – 4/23/15 at 6:00 p.m. – 6:45 p.m. at Bank of Luxemburg, 630 Main Street, Luxemburg, WI 54217. Identity theft is fraud.  Find out what you should know.  Presented by Kewaunee County Sheriff Matt Joski and Greg Jandrain, Bank of Luxemburg IT Manager.

The Big Read with the book Alexander Who Used to be Rich Last Sunday – 4/24/15 at 3:45 p.m. – 4:30 p.m. at Bank of Luxemburg, 630 Main Street, Luxemburg, WI, 54217.  Read along and learn with Alexander about the value of saving money rather than spending money.  Milk and cookies will be served during the reading event.

Jan 2, 2015

Bank of Luxemburg Promotes Two Employees


Patti Rollin
Bank of Luxemburg announced the promotions of two employees. Patti Rollin has been promoted to vice president of loan administration and Darren Voigt has been promoted to vice president of lending.

Rollin, previously assistant vice president and loan sales support manager, will now work closely with the chief lending officer and lending vice presidents in her new role as vice president of loan administration. Rollin will also be the primary commercial loan assistant to the chief lending officer, managing large scale, high profile loan relationships and overseeing the loan support department. Rollin has been employed with Bank of Luxemburg for 31 years.

Darren Voigt
Voigt, previously assistant vice president of commercial lending, has been promoted to vice president of lending to oversee the commercial loan sales officers at the Luxemburg, Green Bay and Sturgeon Bay offices. Voigt brings several years of commercial lending and supervisory experience from a previous financial institution to his new role. Voigt has been employed with Bank of Luxemburg for one year.

Luxemburg Bancshares, Inc. and Bank of Luxemburg have banking offices in Luxemburg, Green Bay, Forestville, Dyckesville, Casco, Algoma and Sturgeon Bay. The company also operates Raymond James Financial Services, offering financial planning and the sale of alternative investments to its customers in each community. For more information about Luxemburg Bancshares, Inc., visit bankofluxemburg.com.




Dec 16, 2014

Happy Holidays from Bank of Luxemburg!


Happy holidays from your friends and neighbors at Bank of Luxemburg! At this time of year we’d like to take a moment to thank all of our customers for the trust you’ve put in us throughout 2014.

We’re proud to be a community bank, celebrating and supporting our hometowns all year long. From our annual Easter egg hunt to summer cookouts … from marching in local parades to sprinting through fun runs … and from educational seminars to toy drives and much, much more … Bank of Luxemburg is honored to take part in so many worthwhile and fun events.

·       Toys for Tots
·       ALS Ice Bucket Challenge—the Luxemburg, Algoma, Bellevue, Casco, Dyckesville and Sturgeon Bay branches raised $780.00!
·       Algoma Cookout—benefitting the Algoma School District, raise $1,286.00
·       Forestville Cookout—benefitting the Maplewood Church Food Pantry, raised $365.00
·       Dyckesville Cookout—benefiting Kewaunee County Winter Park, raised $956.00
·       Bellevue Cookoutbenefiting the Bellevue Dog Park raised $800.00.
·       Luxemburg Cookout—benefitting Friends of the Ahnapee State Trail, raised $1,106.00
·       School Supply Drive/Dress Down Day—raised $175.00 and TONS of school supplies donated by employees and the community!
·       Floats in the Algoma, Luxemburg, Dyckesville, Forestville, Casco and Sturgeon Bay Parades
·       Dairy Dash—the bank team helped raise funds benefitting the Luxemburg Fire and EMT
·       Easter Egg Hunt—the bank donated, organized and volunteered for the event at the Community Center in Luxemburg
·       Big Read—as part of Money Smart Week, we read Curious George Saves his Pennies, gifted coloring books and copies of the book and served milk and cookies to local children
·       Girl Scout Cookie Rally—educated the girls scouts about saving money, how to count money and money security
·       Home Buyer Seminar—offered practical tools and consumer information about buying a home
·       “Minute to Win It”—the bank team helped raise money for Door Kewaunee Business Education Partnership

Thanks to our incredible customers, it’s been a great year for Bank of Luxemburg and the communities we serve. We’d like to wish you and yours a warm, safe and merry holiday season and a very happy 2015!

 

Dec 12, 2014

Developing Your Credit History



Developing a healthy credit history is important for many reasons. A poor or non-existent credit history can hinder your ability to qualify for a loan, pay lower insurance rates and even get some jobs! Starting with your first credit card everything you do that involves credit is part of your personal credit history. To have a beneficial credit history, you have to use credit correctly. But exactly what is “correct?” Here’s a guide …

Starting Out
If you’re just starting out, begin with one credit card and don't open up too many cards within the first few years. The more credit you have, the more you may end up using and the more payments you’ll have to make. What’s more, too many inquiries into your credit and/or new credit cards can have a negative impact.

Credit Report
The major credit bureaus keep files on your financial activities that impact your credit. You are entitled to one free credit report within each 12-month period from each of the three major credit bureaus. The bureaus run AnnualCreditReport.com where you can get your free credit report. Your credit score is available for an extra $10 fee—see below. (Note: If you dispute something on your report you can request an investigation and/or ask that a note be included in your file.)

Your Credit Score
As part of your credit report, your credit history is “graded” and this becomes your credit score. Maintaining a good credit score is a key factor in your ability to qualify for loans. How is your credit score determined? There are several factors:
  • Amount of open credit you have available
  • Types of credit you have
  • Timeliness of your payments

Each credit-reporting agency has a slightly different version of your credit score, but these ranges will generally apply:
700 – 850: Very good or excellent
680 – 699: Good
620 – 679: Average/OK
580 – 619: Low
500 – 579: Poor
300 – 499: Bad

If you are just starting out establishing credit, or need to improve your credit score, here are a few things to keep in mind:

  • Avoid maxing out credit lines on cards or loans.
  • Avoid applying for too much credit(All those department store credit cards could count against you.)
  • Consistently make all your payments on time.
  • If you carry a balance, pay it down on credit cards or loans.
  • Satisfy any overdue bills.
  • Let your accounts age. Leave your oldest accounts open since they help increase your credit age and build good credit.

Remember, Bank of Luxemburg will work with each customer on an individual basis to find the best loan option for you, even if your credit score is not ideal.