Financial Education
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Financial Education

At The Cottonport Bank, we want our customers to make the best financial decisions possible. In order to make sound decisions, you must be financially educated. Please take advantage of the resources that we have provided you with.


Safer Internet

We have provided you with a few rules to make your everyday life easier. Everyone, no matter the age, should remember these rules to live by. The number ONE priority everyone should use as a rule of thumb is to keep your personal information private. That includes credit card and account information. If you notice questionable charges on any of your accounts please contact your financial institution as soon as possible so that you can minimize the damage!

Digital Citizen


FICO Credit Score

It may be higher than ever before, but the average FICO score of 695 is still a good bit below the 750 you need to qualify for the best mortgage rates. Try these tips to boost your number:  
  1. Your utilization ratio, the amount of your available credit used at any given time, represents almost a third of your score. Aim for below 30 percent, though the highest scores have ratios under 10 percent.
  2. Check your credit report. In a survey, 21 % of consumers found errors. Get a free report at www.AnnualCreditReport.com .  
  3. Go automatic. Even being 30 days late with one payment can hit your score.
Brought to you by Business Digest

March 6th - 12th is National Consumer Protection Week

As your trusted Financial Advisors we feel compeled to help you secure your mobile devices with the following 12 tips.

  1. Use the passcode lock on your smartphone and other devices. This will make it more difficult for thieves to access your information if your device is lost or stolen.  
  2. Log out completely when you finish a mobile banking session.  
  3. Protect your phone from viruses and malicious software, or malware, just like you do for your computer by installing mobile security software.  
  4. Use caution when downloading apps. Apps can contain malicious software, worms, and viruses. Beware of apps that ask for unnecessary "permissions."  
  5. Download the updates for your phone and mobile apps.  
  6. Avoid storing sensitive information like passwords or a social security number on your mobile device. 
  7. Tell your financial institution immediately if you change your phone number or lose your mobile device.  
  8. Be aware of shoulder surfers. The most basic form of information theft is observation. Be aware of your surroundings especially when you are punching in sensitive information.  
  9. Wipe your mobile device before you donate, sell or trade it using specialized software or by using the manufacturer's recommended technique. Some software allows you to wipe your device remotely if it is lost or stolen. 
  10. Beware of mobile phishing. Avoid opening links and attachments in e-mails and texts, especially from senders you don't know. And be wary of ads (not from your security provider) claiming that your device is infected.  
  11. Watch out for public Wi-Fi. Public connections are not very secure, so do not perform banking transactions on a public network. If you need to access your account, try disabling the Wi-Fi and switching to your mobile network. 
  12.  Report any suspected fraud to your bank immediately.
For additional information visit www.aba.com/consumers