Archive for the ‘News from MidWestOne’ Category

Charlie Funk

A note from Charlie – Nov. 6

November 6th, 2014 Charlie Funk

I had just returned from an early morning run when the phone rang. It was a friend of mine but it was unusual for him to be calling me before 7 a.m. In a quiet voice, he said “John Chadima died last night.” I was dumbfounded. A colleague who just the day before sat at his desk and […]

Charlie Funk

A note from Charlie – Oct. 9

October 9th, 2014 Charlie Funk

While October is known more for ghosts and goblins associated with trick or treating, there are other ghouls with whom we should become familiar: cybercriminals. According to a Norton Cybercrime Report, 378 million adults worldwide were victims of cybercrime in 2013. As cybercrime becomes more prevalent, it is important for users to take steps to […]

Charlie Funk

A note from Charlie – Sept. 4

September 4th, 2014 Charlie Funk

One of the side-effects of being a banker is that people frequently ask you for financial advice. From questions about investing money to how to best save for college – these are questions I’ve heard numerous times throughout my banking career. Truth be told, it’s one of my favorite things about being in this industry! […]

Charlie Funk

A note from Charlie – Aug. 7

August 6th, 2014 Charlie Funk

Welcome to August and, of course, back to school season. This time of year should be a timely reminder for parents and grandparents to think about how well we save for education. According to the study How America Saves for College, 25 percent of families don’t save for college because they believe the student will […]

Charlie Funk

A note from Charlie – July 10

July 10th, 2014 Charlie Funk

This month, it is a little bit about a lot of things … Whether it’s retirement or  a college education or for something else, many Americans have a tough time saving for significant future events. If your employer offers a 401k and matches a portion of your contribution, do everything you can to save at least […]

Charlie Funk

A note from Charlie – June 5

June 5th, 2014 Charlie Funk

The headline caught my attention:  “Why $1 million may not be enough.”  This particular article in the Sunday business section dealt with saving for retirement. One of the things that has interested me as I start to approach retirement age is that many surveys show that retirees continue to spend more freely in retirement than […]

Charlie Funk

A note from Charlie – May 8

May 8th, 2014 Charlie Funk

Have you noticed what’s going on in the housing market these past few months? Despite the onset of spring and historically low interest rates, the most recent numbers are not pretty. The most recent report on mortgage applications fell to its lowest level since 2004. And the numbers on mortgage loans originated tells an even bleaker story as […]

Charlie Funk

A note from Charlie – April 10

April 10th, 2014 Charlie Funk

While the Great Recession of 2008-09 is clearly in the rear view mirror, there were many lessons that we all learned, sometimes painfully.  It is always amusing to me when I hear persons say “this caused the recession” or “that caused the recession.”  Most observers agree that there were many things that led to this […]

Charlie Funk

A note from Charlie – March 6, 2014

March 6th, 2014 Charlie Funk

It was a scene that, unfortunately, has been repeated too many times over the past six years. It began innocently enough … While vacationing in Palm Desert, California, my wife and I decided to attend church services at a familiar church on Saturday night. We arrived about five minutes early and the couple sitting in […]

Charlie Funk

A note from Charlie

February 6th, 2014 Charlie Funk

Sometime during my first job in banking in the early 1980s, my wise boss offered me a piece of good advice. He said that everyone (repeat: “everyone”) should have at least three months of their salary sitting in a savings account for emergency purposes. He went on to say that “I prefer six months, but […]

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