Author: Chelsea Culp
FNB + Wendy’s of Mayfield Fundraising Chili Lunch
FNB and Wendy’s of Mayfield are partnering again for a Fundraising Chili Lunch on Wednesday, February 12th. A $5 donation will get you a cup of Wendy’s chili, a pimento cheese sandwich, crackers and a dessert. All proceeds from this event will benefit the Feeding America Backpack Program for Mayfield & Graves County Schools and CASA of Graves County & Southwest KY.
The pre-order deadline is Monday, February 10th. Help us support these great causes by pre-ordering your lunch today. To place an order please do one of the following:
- Scan and email the order form to events@growwithfnb.com
- Call in your order to (270) 247-1758
- Turn in your order form at any FNB Bank Office
Orders can be picked up at the FNB Mayfield Main Office located at 101 East Broadway or can be delivered with a 5 order minimum.
To view the Fundraising Cookout order form please click here: https://growwithfnb.com/files/FNB_Chili_Lunch_Order_Form.pdf
3 Reasons Not to Consider a Big Tax Refund “Extra Money”
When you receive your tax refund, how do you usually spend it? If you’re one of the many people that views income tax as “extra money,” you might want to change your approach.
Much of your tax refund is actually hard-earned money that you worked for throughout the year, so you should spend it wisely. If you think you’ll make better use of your money by receiving more each paycheck, instead of one lump sum through your refund, consider readjusting your tax withholding by submitting a new IRS Form W-4 at work.
You should also find out if you qualify for refundable tax credits. Refundable tax credits can reduce the amount of taxes you owe or increase your refund. The Earned Income Tax Credit is a refundable tax credit that you may qualify for if you earned up to $53,930 last year. You might also qualify for The Child and Dependent Care Credit, The Child Tax Credit, The Retirement Savings Contributions Credit or the American Opportunity Tax Credit. These tax credits could really make a difference in your refund if you’re eligible.
Here are three ways you can use your refund to get back on track financially instead of spending it like extra cash.
1. You can use your refund to pay down credit card debt.
Paying down your credit card debt is one of the best ways to spend your income tax because once you get rid of your past debt, you can focus on your financial future. If you have a lingering balance that you’ve carried over for several months, getting rid of this consumer debt should be your top priority.
Your credit card balance increases not only by what you purchase, but also by added compounded interest, so the longer you wait, the more you’ll pay. Use that “extra money” to pay off what you owe. You’ll feel much better when you get the burden of debt off your chest.
2. You can use your refund to build a rainy day fund.
If you lost your job today, would you be able to sustain yourself for the next three to six months? If you answered “no” to that question, you should start building an emergency savings fund. Your money is always better off in your account than someone else’s, that’s why you should pay yourself first and set money aside for your emergency savings fund every payday.
Whether you catch a flat tire, crack your cell phone or need to travel for a family situation, you’re going to wish you had money set aside to solve your problem. Use your “extra money” to jumpstart your emergency savings.
Here’s an added bonus: if you save at least $50 of your refund by splitting it into two accounts using IRS Form 8888, you can enter SaveYourRefund for a chance to win up to $10,000. Learn more about the SaveYourRefund promotion and see how you can save to win.
3. You can use your refund to invest in your future.
It’s never too early to start planning for retirement or saving for your child’s education. Use your “extra money” to get a head start on your financial future.
Consider automatically saving a percentage of your paycheck into an Individual Retirement Account (IRA) or a 401(k). Be sure to maximize your retirement savings by enrolling in employer match if that option is available to you.
If you have a child that you hope will attend college one day, you can begin saving for their education now. Consider starting a 529 savings plan to save for your child’s education.
When you receive your tax refund, make the best of it. Don’t spend it on temporary things like clothes and shoes. Invest in yourself today so you can reach your financial goals tomorrow.
Written by Darlene Aderoju
Saving is an Option for Individuals with Disabilities
Oftentimes, individuals with disabilities may not be familiar with savings options that are available to them or they may be afraid to save money due to the fear of jeopardizing public benefits. There are a wide variety of saving strategies that individuals with disabilities can potentially access to achieve their savings goal and build their financial well-being.
At National Disability Institute, we focus on five key strategies that can assist an individual to build a life of work, savings and asset development. The five key strategies include:
The five key strategies create opportunities for individuals to learn more about saving strategies.
Benefits Planning and Work Supports
There are a variety of savings options that individuals can access if they are receiving a needs-based benefit such as Supplemental Security Income (SSI) through the Social Security Administration (SSA). The Social Security Administration offers work incentives that support an individual to go back to work and maintain employment while receiving a public benefit. An example of a work incentive that promotes savings is the Plan to Achieve Self-Support, often referred to as PASS. Plan to Achieve Self-Support is a plan for an individual’s future. PASS lets an individual use income or other things they own to help them reach their work goals. For example, an individual could set aside money to go to school to get specialized training for a job or to start a business. To learn more about PASS or other work incentives, review Social Security Administration’s Red Book at https://www.ssa.gov/redbook/documents/TheRedBook2016.pdf.
Employment
Employment is important for an individual to build their financial well-being. We need wages to save money. There are a variety of employment services that an individual with a disability can access to obtain, maintain or enhance their employment status. A great starting point is to visit an American Job Center (AJC). American Job Centers are designed to provide a full range of assistance to job seekers under one roof. American Job Centers offer:
-
- training referrals
- career counseling
- job listings, and
- similar employment-related services
AJCs are also called Workforce Centers or One Stop Centers. To locate an AJC, visit: www.servicelocator.org/.
Free Tax Preparation
Tax time is an ideal time to encourage individuals to save money when they receive their tax return. Oftentimes, individuals with disabilities may not file a tax return because of low wages or for fear that, if they do file and get a tax refund, that they will lose their public benefits. Refunds received from the Earned Income Tax Credit (EITC or EIC), the Child Tax Credit (CTC) or other refundable credits are not considered income. It also is not counted as a resource for at least 12 months from when an individual receives it for benefits or assistance under any Federal program or under any State or local program financed in whole or in part with Federal funds. To learn more about disability and tax services visit: https://www.irs.gov/credits-deductions/individuals/earned-income-tax-credit/disability-and-earned-income-tax-credit.
Financial Education
Financial education is an important strategy for individuals to build their financial well-being. Oftentimes, financial education may not be delivered to individuals with disabilities, though it provides the knowledge and skills they need to build their financial well-being. There are a variety of financial education curriculum and tools available to help an individual learn about savings. FDIC’s Money Smart provides an accessible curriculum that is frequently used by disability organizations. lLearn more about financial education tools and resources here., visit https://www.nationaldisabilityinstitute.org/downloads/.
Asset Development
Asset Development is the final key strategy to assist an individual to build their financial well-being. The previous strategies help move an individual to this point. ABLE accounts are a savings option for individuals with disabilities who may qualify for these accounts. These accounts allow an individual to save up to $15,000 per year without these funds impacting an individual’s needs-based benefit, such as Supplemental Security Income. Money saved in an ABLE account can be used to pay for qualified disability expenses (QDEs). To learn more about ABLE accounts, visit: https://www.ablenrc.org/.
National Disability Institute is the first national organization committed exclusively to championing economic empowerment, asset development and financial stability for all persons across the full spectrum of disabilities. We affect change through public education, training, technical assistance and policy development to help the nearly one in three Americans with disabilities living in poverty take steps toward building brighter financial futures. To learn more, visit www.nationaldisabilityinstitute.org. If you have specific questions on savings options for persons with disabilities, please send an email to ask@ndi-inc.org.
AUTHOR: By Michael R. Roush, Director, Real Economic Impact Network, National Disability Institute
Kyle Hensley Named Trigg County Market President for FNB Bank
FNB Bank is proud to announce that Kyle Hensley was recently named Trigg County Market President. In this role, Hensley will be responsible for overseeing the market in all aspects with the primary responsibility of leading the business development and relationship management tasks for both lending and deposits. Hensley has 16 years of banking experience having previously served as Vice President and Loan Officer for FNB Bank. He will continue serving as a Loan Officer alongside his new position.
“We are proud to name Kyle Hensley our Trigg County Market President,” stated Marty Nichols, FNB President and CEO. “Kyle’s roots run deep in Trigg County and we are confident that his vision for the market is parallel with FNB’s overall mission and will position FNB for continued success.”
Kyle is a 1998 graduate of Trigg County High School and a 2002 graduate of Murray State University with a Bachelor of Science in Advertising and Marketing. He also graduated from the Kentucky Banker’s Association General Banking School in 2012. Kyle is a member of the Cadiz Rotary Club and a 2019 graduate of the Cadiz/Trigg County Leadership Class. He has previously served on the board for the South Western Kentucky Economic Development Council and was a member of the Christian County Chamber of Commerce Chairman’s Club and Christian County Agri-Business Association. Kyle and his wife Abby have two children.
FNB Bank, founded in 1875, is one of the oldest banks in the state of Kentucky and ranks among the highest in the nation in the area of safety and soundness. The bank currently has nine locations: Mayfield Main, Mayfield Southside, Wingo, Lone Oak, Paducah, Murray North, Murray South, Cadiz Main, and Cadiz West. FNB is member FDIC and an Equal Housing Lender.
Ike Nichols Named McCracken County Market President for FNB Bank
FNB Bank is proud to announce that Ike Nichols was recently named McCracken County Market President. In this role, Nichols will be responsible for overseeing the market in all aspects with the primary responsibility of leading the business development and relationship management tasks for both lending and deposits. Nichols has 12 years of banking experience having previously served as Residential Lender and Branch Manager for FNB. He will continue serving as a Loan Officer alongside his new position.
“FNB is growing in McCracken County and this new position will allow for more community outreach and continued success,” stated Marty Nichols, FNB President and CEO. “Ike’s experience working with FNB and in the Paducah market, coupled with the strong team we have assembled in our Paducah offices will ensure continued growth.”
Ike is a 2007 graduate of the University of Kentucky with a Bachelor of Arts degree in Corporate Communications. He also completed Kentucky Bankers Association General Banking School, the Tennessee Bankers Association Southeastern School of Commercial Lending and the University of Wisconsin-Madison Graduate School of Banking. Ike received an Executive Leadership Certificate from Wisconsin School of Business in 2019. Nichols has previously served on the Child Watch Children’s Advocacy Center Board and the Paducah Juvenile Diabetes Research Foundation Walk Committee. He was a graduate of the Leadership Paducah Class #23. He currently resides in Paducah with his wife, Kelly, and their daughter, Ansley.
FNB Bank, founded in 1875, is one of the oldest banks in the state of Kentucky and ranks among the highest in the nation in the area of safety and soundness. The bank currently has nine locations: Mayfield Main, Mayfield Southside, Wingo, Lone Oak, Paducah, Murray North, Murray South, Cadiz Main, and Cadiz West. FNB is member FDIC and an Equal Housing Lender.
FNB Makes $2,000 Donation to Paducah Child Watch as Result of 2019 Fundraising
FNB proudly donated $2,000 to Paducah Child Watch as a result of FNB’s 2019 philanthropic fundraising efforts in Paducah-McCracken County. The donation will be used to assist with their daily missions of serving the community.
“FNB Bank is proud to include Child Watch Counseling and Advocacy Center as part of our McCracken County philanthropic efforts,” stated Ike Nichols, FNB McCracken County Market President. “FNB coordinates various fundraising initiatives throughout the year to support our selected charities and we hope this donation will assist Child Watch in making a difference in the lives of local children.”
Throughout 2019, FNB employees coordinated and participated in numerous fundraising events benefiting Paducah Child Watch. Various fundraising efforts included a Midtown Market box lunch fundraiser and a Paducah Mini Golf Event. Employees also participated in various jean days throughout the year to benefit the worthy causes. FNB donated $458.84 in August and $1586.00 in December for a total donation of $2044.84 to Child Watch in 2019.
The mission of Paducah Child Watch is to provide children and families in Western Kentucky with education, advocacy, and treatment that prevents child abuse, encourages family stability, promotes healthy relationships, enhances individual well-being, and cultivates safe, nurturing families. Child Watch was established in Paducah in 1984 to address the critical issue of child abuse and neglect in the community. Grant funds and community support allow the program to provide their important services free of charge. To learn more about the Paducah Child Watch Program, please contact Janie Criner, Executive Director at (270) 443-1440 or by e-mail at jcriner@childwatchcac.org.
FNB Bank, founded in 1875, is one of the oldest banks in the state of Kentucky and ranks among the highest in the nation in the area of safety and soundness. The bank currently has nine locations: Mayfield Main, Mayfield Southside, Wingo, Lone Oak, Paducah, Murray North, Murray South, Cadiz Main, and Cadiz West. FNB is member FDIC and an Equal Housing Lender.
FNB Makes $2,420 Donation to Trigg County Senior Citizen Center
FNB Bank is proud to announce that they have donated $2,420 to the Trigg County Senior Citizen Center as a result of FNB’s 2019 philanthropic fundraising efforts in Cadiz-Trigg County. The donation will assist the Senior Citizen Center with their daily mission of serving the Cadiz community.
“Trigg County Senior Citizen Center does so much for the seniors of Trigg County and FNB is proud that our fundraising dollars support such a worthy cause. Our generous customers and local community are also to thank, as they are what makes our fundraising efforts so successful,” stated Kyle Hensley, FNB Vice President and Loan Officer.
FNB employees coordinated and participated in numerous fundraising events benefiting the Trigg County Senior Citizen Center. In October 2018, FNB hosted the 6th Annual Holiday Shopping Extravaganza at the Trigg County Recreation Complex. The event hosted over 40 regional vendors and the booth rental proceeds benefited FNB’s selected philanthropies. FNB also teamed up with Ricky McNichols of Slow-N-Low BBQ for two cookouts in 2019: a BBQ Cookout in March and a Pork Tenderloin Cookout in November. Employees also participated in various jean days to benefit the worthy causes.
FNB Bank, founded in 1875, is one of the oldest banks in the state of Kentucky and ranks among the highest in the nation in the area of safety and soundness. The bank currently has nine locations: Mayfield Main, Mayfield Southside, Wingo, Lone Oak, Paducah, Murray North, Murray South, Cadiz Main, and Cadiz West. FNB is member FDIC and an Equal Housing Lender.
FNB Makes $5,150 Donation to Two Organizations in Mayfield-Graves County
FNB proudly donated $5,150 to two worthy community agencies as a result of FNB’s 2019 philanthropic fundraising efforts in Graves County. Both the CASA of Graves County & Southwest KY Program and the Feeding America Backpack Program for Mayfield and Graves County Schools received $2,575 donations to assist with their daily missions of serving the community.
“Giving back to our local community is something we do every day at FNB,” stated Brooke Wiles, FNB Marketing Director. “We coordinate numerous fundraisers throughout the year to support our selected charities. This year we split our fundraising dollars in effort to assist two worthy programs that make a positive impact in the lives of children in our community.”
Throughout 2019, FNB employees coordinated and participated in numerous fundraising events benefiting the CASA of Graves County & Southwest KY and the Feeding America Backpack Programs. Various fundraising efforts included a Wendy’s of Mayfield Chili Lunch, a cookout at FNB’s Mayfield Main Office, FNB’s Easter Egg Hunt proceeds and concession sales during the Graves County and Mayfield Battle of the Birds football game. Employees also participated in various jean days throughout the year to benefit the worthy causes.
The CASA of Graves County & Southwest KY Program provides trained community volunteers for court appointment to advocate on behalf of dependent, abused, and neglected children in Graves County and Southwest Kentucky. The program operated with 30 volunteer advocates and advocated for a total of 109 children in the 2019 calendar year.
The Purchase Area Development District (PADD) serves as the region’s food bank supporting a network of organizations that distribute food and non-food products to underprivileged individuals and families. One of the most successful efforts in the fight against hunger is the PADD’s partnership with Feeding America, Kentucky’s Heartland linking their Backpack Program to school districts in our region. It provides children with nutritious, easy-to-prepare foods to eat on weekends when school food isn’t available. Teachers and family resource coordinators identify children in need, and a bag of easy-to- prepare food items is placed discreetly in the child’s backpack at the end of each week. Currently, the Feeding America Backpack program serves 148 children in 9 schools within Mayfield and Graves County.
To learn more about Graves County’s CASA Program, please contact Stephanie Floyd, Executive Director at (270) 251-2060 or by e-mail at childadv1@calldialog.net. To learn more about the Feeding America Backpack Program, please contact the PADD Office at 270-251-6187.
FNB Bank, founded in 1875, is one of the oldest banks in the state of Kentucky and ranks among the highest in the nation in the area of safety and soundness. The bank currently has nine locations: Mayfield Main, Mayfield Southside, Wingo, Lone Oak, Paducah, Murray North, Murray South, Cadiz Main, and Cadiz West. FNB is member FDIC and an Equal Housing Lender.
