Blog

Buying your first home is exciting, but in today’s competitive market, it can also feel overwhelming. Low inventory, rising prices, and higher interest rates mean being prepared is more important than ever. The good news is, you don’t have to figure everything out on day one. With a few clear steps and the right support, homeownership can become completely within reach.

Credit cards can be powerful tools, but if you’re not familiar with the jargon or don’t have a strategy, debt can sneak up fast. At St. Mary’s Bank, we believe banking should be approachable and easy to understand, so you can make confident decisions that move you toward your goals.

Scammers know people are busy, so calls, texts, emails, and social media messages spike this time of year. A few smart filing habits and knowing what to watch for go a long way.

The penny is being retired in 2026 because it costs more to make than it’s worth. Cash totals may be rounded to the nearest five cents, but card and digital payments stay exact. Existing pennies remain legal tender—you can spend, deposit, or save them. St. Mary’s Bank is here to help members navigate this change smoothly.

On September 17, 2025, the Federal Reserve lowered its key interest rate by 0.25%, bringing it to a target range of 4.00% to 4.25%. This is the first rate cut since December 2024, and with two more expected this year, it likely won’t be the last. Rate changes can feel abstract, but they directly affect how much you earn on savings and how much you pay on loans. So, what does this mean for you and your overall financial strategy?