May 2013

In This Newsletter:

The Last Piece of the Puzzle

With the introduction of mobile check deposit, your checking account at The Peoples Community Bank became portable for the rest of your life, no matter where you live. 

Think about it for a minute. You may move to California a year from now because of an employment opportunity. One of the first things you'll do with your new employer is sign up for direct deposit of your payroll check. You name The Peoples Community Bank as your depository which is no different than naming a bank down the street since an electronic deposit will reach both banks at the same time irrespective of distance.

Now someone presents you with their personal check which you want to deposit. Last year you would have had to mail the check to the bank or find an ATM that accepted checks for deposit. Today you need only tap our mobile banking app and take a picture of the front and back of your endorsed check and, like direct deposit, your deposited item appears in your Peoples Community Bank account the same day.

What about writing checks you ask? Well, most people today write very few checks having opted to pay via debit card for convenience. And, since your debit card from The Peoples Community Bank is accepted at all merchants that display the MasterCard logo, having your account at a Wisconsin bank is not an issue.

Getting cash when you need it is not an issue either. Just check our website for the closest ATM that participates in the Money Pass network. There are more than 20,000 Money Pass ATMs nationwide with more being added all the time.

Finally, make sure that you've signed up for e-statements. Why wait for snail mail to deliver your monthly bank statement. Access it directly, worldwide, using our online banking service.

So there you have it-the lifetime, portable checking account. Now you can continue to work with the same group of bankers who you've come to know and trust, AND, you can call us toll-free at 1-800-795-2151 whenever you need to hear a friendly voice.

That's Simply Good Banking.

Poll Results

In March, we ran an online poll, which many of you responded to. We asked the question "what is your #1 personal financial goal for 2013?"  Based on your responses, 44% of you plan to increase savings, and 32% of you plan to pay down debt, while less than 24% of you plan to purchase a home, consolidate debt or other personal financial goals.

poll results april 2014 

>ATM Skimming - Tips to Avoid Becoming a Victim

Many of you know the basics of protecting yourself from identity theft, a common financial scam. You shred documents with sensitive information, check your credit scores and protect your social security numbers. However, you may be unaware of an increasingly common financial scam that can severely impact your bank accounts called ATM SKIMMING.

Here are a few things you need to know in order to protect yourself:

What is ATM skimming?

ATM skimming is a crime in which thieves attach a device to an authentic ATM in order to capture the information stored on the magnetic strip on your bank card. A hidden camera is often installed on or near the ATM to record your PIN number as you enter it. The external device used for skimming is normally only installed for a few hours before the thieves remove it and extract the data it collected. The criminals then combine with the PIN numbers obtained on the video with the stolen data to make online purchases or withdrawals at other ATMs using the bank card information.

You can protect yourself.

By being cautious and aware of your surroundings you can defend yourself against becoming a victim of ATM skimming. The crime depends on consumers using a compromised ATM, so inspect the ATMs you use most often. Watch for signs of tampering, such as new scratches, discolored keys, flashing lights and visible wires. Using the same ATMs on a regular basis will help you notice changes more easily. If you must use a strange ATM, use extra care when inspecting it for signs of skimming. If you suspect an ATM is compromised, notify the bank immediately.  Using ATMs located inside bank branches is also safer, due to the increased security compared to ATMs on the street.

Guard your personal identification number (PIN).

Another good habit to get into is shielding your PIN as you enter it. You'll be protecting your PIN from video cameras and potential onlookers, as well. The best protection for your PIN is to change it every few months and avoid using numbers like your birthday, anniversary and your spouse/child's birthday.

What if you've been a victim of ATM skimming?

You should monitor your accounts for suspicious activity, and if you notice withdrawals or purchases that you didn't make, notify your bank right away. Check with your bank to see if they offer a service that will notify you via text or email of unusual purchase activity. In many cases, the sooner you notify the bank there is a potential problem, the more likely you are to be refunded the stolen money.

Results from Our "LIKE US" Campaign

facebook pageThank you to everyone who participated in our "LIKE US" campaign! For each new LIKE on our Facebook page through March 31, we donated $5 to local food pantries. We received 99 new LIKES for a total of $495.00! In addition, each person who participated was eligible for our $50 VISA gift card drawing. And the winner for the March 31 drawing is...JACKIE JEWELL of Plain. Congratulations Jackie!

>8 Facts about Paper Waste

Before the plethora of digital devices, there was paper. Paper might seem quaint now, but it is still very much a part of our lives and is the ultimate in convenience, and that convenience comes at a large ecological cost.  Fortunately, reducing our paper waste is one of the easiest green changes to make.  First, let's take a look at some paper facts:

  1. Approximately 30% - 40% percent of municipal waste is paper, and 50% of office waste going to landfills is paper.
  2. Switching to an eFiling, paperless system could save up to 1.4 trillion pounds of paper, 728K trees, and lots of C0? if everyone did it.
  3. Recycling used paper could save 41K trees and keep 6M tons of waste out of full landfills.
  4. Nearly half (42%) of all global wood harvest is destined to become paper.
  5. Every US household throws out the equivalent of 4 trees in paper waste!
  6. A single paper bag uses twice as much energy to make than a plastic bag.
  7. A typical takeout lunch consists of 1/3 paper, 1/3 plastic, and 1/3 food.
  8. Every year, the junk mail industry destroys approximately 100 million trees. The production and disposal of junk mail uses up more energy than what is used by 3 million cars!  (All of this just so you can get some mail that you're probably not going to look at anyway.)

Reducing our dependence on paper saves valuable natural resources (not just trees!), reduces greenhouse gas emissions and water pollution, saves energy, and reduces to the need for new landfills.

>Go Green with these free banking services:

To learn more, click on the links above or contact a representative of The Peoples Community Bank.


This newsletter does not constitute tax, legal, accounting or other professional advice. We attempt to be accurate, but neither we nor any other party shall be held liable for loss or damages resulting from reliance upon or use of this material. © 2013 The Peoples Community Bank