Monthly Newsletter

Volume 6, Issue 1

SMALL ENOUGH TO CARE. BIG ENOUGH TO GIVE YOU THE BEST IN BANKING!

This month in history

On Thursday, January 22 & Friday, January 23, 1903: State Representative H.P. Richardson and State Senator William H. Nelson introduce bills in their respective legislative bodies to appropriate $2,000 for the creation of a monument “to the patriots who rendezvoused at Sycamore Shoals, on the Watauga River, before the battle of King’s Mountain.”

Customer Spotlight

J.C. Perkins has been a cherished customer of the Elizabethton Federal family since 2002. He absolutely loves the warm and exceptional customer service he receives at EFSB, which always makes him feel valued and appreciated!

Information from The Current Newsletter by Kim Kimando

The scams don’t stop — and here’s another one you need to know about. Your phone rings. It’s a rep from your bank, and they’re warning your account has been compromised. You’re smart, so you immediately suspect it’s a scam.

Then, the guy on the other end reads off your Social Security number and account info. Only your bank could know that, right?

Some 300,000 people in the U.S. thought the same last year. People lost their life savings; one Virginia woman had a whopping $700,000 wired out of her Wells Fargo account, and another in Los Angeles lost $100,000 in minutes.

💰 Keep your money safe

Slow down: If a caller claims to be from your bank or asks for your account details, hang up. Call the bank yourself. Do not Google your bank’s number; find it on their official website or the back of your card.
Beware of transfer scams: Never send money via wire transfer, crypto or gift cards in response to unsolicited calls or emails. Your bank or the government will never ask you to transfer funds to a "safe" account.
Don’t follow links: If you’re told to visit a website, download an app or click a link, it’s a phishing site or malware installation.
Set up alerts: In your banking app, you can turn on alerts for transactions over a certain amount or made in a foreign country, as well as notifications about suspicious activity like attempted logins from a new browser. I have all this set up. Some banks let you set transaction limits on withdrawals or purchases, too.

(Kim Komando. Bank fraud is out of control. The Current. 2024 Dec 12)

While EFSB may send texts asking you to confirm if a transaction is valid, we will never end a text or email with a link.

Happy New Year from Elizabethton Federal! Let 2025 be the year you achieve your financial goals. Whether it’s saving for a dream vacation, buying your first home, or managing your finances better, we’re here to help make this year your best yet! Visit us online to see how we can support your financial success: elizfed.com
#FinancialGoals #ElizabethtonFederal

Did you know? January is Financial Fitness Month! “Financial fitness is not a pipe dream or a state of mind. It’s a reality if you are willing to pursue it and embrace it.” – Will Robinson