Grill'n & Chill'n Promo to Begin July 1

Cook up convenience with your Reliabank Shazam debit card this summer with the “Grill’n & Chill’n” campaign! Start Grill’n & Chill’n this summer by using your debit card to make purchases. It’s the easiest, fastest, safest, and most convenient way to pay. So add some summer sizzle by using your debit card!

When you use your debit card to make purchases July 1 through September 30, 2009, you will automatically be entered for a chance to win great summer prizes!

Grand Prize: Gas grill and $150 worth of Omaha Steaks® (total value $500)

First Place Prize: Rolling cooler, insulated tumbler set, and $50 Dairy Queen® gift card (total value $300)

Monthly Winner: Picnic Basket (total value $50)

The more you use your debit card, the more chances you have to win! If you don’t have a debit card we encourage you to stop by any Reliabank location to sign up for one. It's Free!!

RELIABANK HAS PARTNERED WITH SHAZAM TO OFFER ONE LUCKY RELIABANK CUSTOMER THE CHANCE TO WIN A $50 DAIRY QUEEN GIFT CERTIFICATE EACH MONTH OF THE PROMOTION!

Visit www.shazam.net/rules_grillnandchilln.html for official rules and complete contest details

FDIC Coverage Extended to 2013

On May 20, 2009 the FDIC announced that deposits at FDIC-insured institutions are now insured up to at least $250,000 per depositor through December 31, 2013. On January 1, 2014, the standard insurance amount will return to $100,000 per depositor for all account categories except for IRAs and other certain retirement accounts which will remain at $250,000 per depositor. (This supersedes the October 3, 2008 changes.)

The FDIC provides separate coverage for deposits held in different account ownership categories. The coverage limits shown in the chart below refer to the total of all deposits that an accountholder has in the same ownership categories at each FDIC-insured institution. The chart below assumes that all FDIC requirements are met - for details on the requirements, go to www.fdic.gov/deposit/deposits


FDIC Deposit Insurance Coverage Limits (Through December 31, 2013)
Single Accounts (owned by one person)
$250,000 per owner
Joint Accounts (two or more persons)
$250,000 per co-owner
IRAs and other Certain Retirement Accounts
$250,000 per owner
Revocable Trust Accounts
$250,000 per owner per beneficiary up to 5 beneficiaries (more coverage is available with 6 or more beneficiaries subject to specific limitations and requirements)
Corporation, Partnership and Unincorporated Association Accounts
$250,000 per corporation, partnership or unincorporated association
Irrevocable Trust Accounts
$250,000 for the non-contingent, ascertainable interest of each beneficiary
Employee Benefit Plan Accounts
$250,000 for the non-contingent, ascertainable interest of each plan participant
Government Accounts
$250,000 per official custodian

June is National Homeownership Month

During National Homeownership Month, community banks across the country are doing what they've always done - helping millions of Americans to become and stay homeowners.

There is no mortgage lending crisis for community banks. That's because community banks are well run, highly capitalized and closely regulated institutions focused on doing what is best for our customers and our communities.

As a community bank, Reliabank wants to give you a mortgage that works for you and your family for the long term.

Homeowners should carefully weigh options when refinancing. Everyone’s situation is different, and there are a number of considerations to take into account when refinancing, including the length of time you plan to stay in the home, how fluctuations in home prices may affect equity and whether the money saved by lowering rates offsets closing costs. Also, refinancing a mortgage is not unlike getting a new mortgage. We encourage you to visit with a Reliabank mortgage lender for more information.

Credit CARD Act of 2009

Credit cards are a fact of life more many consumers. With the current credit squeeze, many credit card companies have recently been resorting to unfair fees and excessive interest rates to keep consumers in debt. On May 22, 2009, President Obama signed into law the Credit Card Accountability Responsibility and Disclosure Act of 2009 (the Credit CARD Act of 2009). This bill was enacted to protect consumers, and especially young consumers, from skyrocketing credit card debt, unfair credit practices, and deceptive credit offers.

This Credit CARD Act requires that credit card companies notify cardholders in writing at least 45 days prior to any change in the annual percentage rate (APR). The notification must also inform cardholders that they have the right to cancel the account before the effective date of the rate increase. If a cardholder cancels the acccount, the cancellation cannot be considered a default on the account, and cannot trigger an obligation to repay the amount in full.

Other highlighted features of the Credit CARD Act of 2009 include:

If different APR's apply to separate portions of an outstanding balance, the amount of any payment beyond the minimum payment due must be applied to the portion of the balance with the highest APR.

If the payment due date is a date when a creditor does not receive or accept payments by mail (weekends and holidays), the creditor cannot treat a payment received on the next business date as a late payment.

Credit card companies are prohibited from charging a cardholder an over-the-limit fee unless the cardholder authorizes the credit card company to complete the transaction that causes the balance to go over the limit (opt-in).

Credit card companies are prohibited from charging a feee based on the manner in which a payment is made (online, by telephone, etc).

Extension of credit to consumers under age 21 is prohibited, unless the consumer demonstrates the independent means of repaying the debt or has a cosigner over 21 capable of repaying the debt.

These rules will take effect on July 1, 2010.