At Centinel Bank, we are dedicated to giving you the knowledge and skills needed to own your economic success, plan for your future, and make smart economic choices. We feel that investing in your financial knowledge leads to financial success, and this is key in building a strong community.
Teaching our customers and their children, as well as our Taos County communities about how to maintain a bank account, balance a checkbook and calculate interest, or save for college, establish good credit, buy a home, plan for retirement and recognize the need for an emergency fund are some of the topics covered through our education/financial literacy initiatives at Centinel Bank.
Our hope with our financial education efforts is to strengthen financial literacy for individuals and businesses in all populations and through all stages of life in our community– youth, teens, adults, and seniors.
Community Workshops & Presentations
As active community members, we are happy to conduct workshops, presentations, or one-on-one meetings in the community on financial literacy related topics. We invite community organizations and individuals to contact us, if you interested in having us lead such a session or workshop.
Financial Tools, Education & Resources
Tools For You
Click here to use a variety of easy-to-use online calculators to
help you solve common financial problems.
Articles and Education
Graduation is an exciting time for many students transitioning from the classroom to the "real world." As your local community bank, we want to remind new graduates that fhe financial decisionss made now will affect your future for years to come.
Here are three tips to follow that can help you take control of your finances:
- Start a budget.
- To begin set your goals. It’s important to think about what you want to accomplish financially in the next three months, the next year, and the next three years.
- Determine your income and your expenses.
- Create a spending plan (budget) to be aware of how much money you have, where it needs to go, and how much, if any, is left over.
- Your budget should meet your "needs" first, then the “wants” that you can afford, and your expenses should be less than or equal to your total income.
- If your income is not enough to cover your expenses, adjust your budget (and your spending) by deciding which expenses can be reduced.
- Spend responsibly. Shopping and weekend getaways are a great way to recharge from the work week but can quickly eat away at your budget. Research the products you’d like to buy, along with restaurants and excursions in your price range and plan accordingly so these purchases and activities don’t become a financial hardship.
- Establish an emergency fund to cover life’s unexpected events and give you greater peace of mind. Contribute spare change or a little from each paycheck until you have between three to six months of net pay.
Congratulations to this year's graduating class! We wish them a prosperous financial future.
Centinel Bank of Taos and The Independent Community Bankers of America® (ICBA) are reminding consumers: Where you choose to bank and with whom matters.
“When you bank locally, you’re reinvesting in your community, contributing to the welfare of your neighbors and building a legacy of prosperity for future generations,” said ICBA President and CEO Rebeca Romero Rainey. “Community bankers power your region’s small businesses and influence job growth one loan at a time. They’re rooted in your community, ensuring they have a stake in your financial success and the strength of the community overall.”
Community banks support local startups—funding more than 60 percent of small business and more than 80 percent of agriculture loans. Community banks contribute tax dollars that help maintain local municipalities and keep local neighborhoods viable and vibrant.
You have a choice
When choosing who to trust with your hard-earned money, Centinel Bank of Taos and ICBA want consumers to know the following:
- Community banks respect and honor their community ties. Community banks have symbiotic relationships with their communities—one cannot thrive without the other.
- Community banks are relationship lenders. They know their customers and understand their financial needs.
- Community banks understand and embrace local businesses. A study from the Federal Reserve Banks found that small businesses that apply for loans with community banks are the most successful and most satisfied.
- Community banks give back. Serving local communities is second nature to community banks.
Centinel Bank of Taos is Taos’ only locally owned and operated community bank, serving Taos County since 1969. As a full-service bank, we offer checking and savings accounts, an array of loans and mortgages, and helpful, smart advice. Our friendly staff looks forward to sharing Centinel Bank’s community-focused approach, featuring customized service with local decision-making.
Our commitment to our Taos County community is what sets us apart from other financial institutions and industries. Stop by Centinel Bank today to discover how your community bank can help you realize your financial dreams—and how together, we can contribute to a more vibrant and sustainable economy in our Taos County community. Let’s dream together!
Credit Versus Debit. Do you know the difference?
The Centinel Bank Debit Card look like a credit card and can be used anywhere Mastercard® is accepted, but it functions like cash or a personal check using funds directly from your checking account.
Credit and ATM/debit cards look similar, but they use money in very different ways. Click here to see a chart explaining the difference between a credit card and a debit card.
Tips for Establishing and Maintaining Good Credit
Good Credit is Key to Solid Financial Future from Centinel Bank of Taos and ICBA
When establishing financial fitness goals, Centinel Bank of Taos and The Independent Community Bankers of America want to remind customers: it’s easier to build a credit score than to repair a bad one.
Having a good credit history is key to any financial plan. Credit scores take into consideration years of past behavior, so it’s important to establish a history of responsible credit practices and build your score by maintaining good habits. Click here to read tips on how you can establish a good credit score.
Focus to Improve Your Financial Situation, 5 Ways How
Thinking of applying for a loan? Do you know what your bank will look at to determine your creditworthiness? Lenders look at your 5 c's.
- Credit History/Character
- Collateral (when applying for secured loans)
To read more about the 5 C's of credit click here.
If you have questions and/or are thinking of applying for a loan, call us @ 575-758-6700 and ask to speak to one of our lenders.
What does it mean to bank local?
Where you choose to bank matters. Did you know, not all banks are the same? While they do provide many similar services, there're also many differences. Centinel Bank of Taos is a community bank, locally owned and operated, serving Taos County since 1969. Along with traditional banking services, Centinel Bank offers many community banking benefits.
This April, in celebration of Community Banking Month, we encourage everyone to consider what it means to bank locally. Banking local helps sustain our community today, tomorrow and for generations to come. Click here to read more.
Protect yourself from phishing attacks (cybercrimes)
Phishing is a type of fraud. Phishing attempts are getting very, very sophisticated. More and more people are finding themselves targets and sometimes victims of the fraud. At Centinel Bank we care about your security and offer the following information.
What is phishing?
Phishing is a form of fraud in which a target or targets are contacted by criminals through email, telephone or text message as well as through human interaction and malicious websites. It’s by someone posing as a legitimate institution, new employees or even repair personnel. The fraud is an attempt to lure individuals into providing sensitive data and attempt to trick them into divulging personal information. Examples include:
- Personally identifiable information
- Credit card details
- And more
The information is then used to access important accounts, steal your money, use your name to open credit cards or loans and more.
Click here to read how you can avoid being a victim and what to do if you think you are a victim.
Keep Hackers out of Your Facebook and Twitter Accounts
Social networking has changed the way we interact with friends, family and associates. While social networks play a significant role in our lives, they are also a high risk for security threats. Social media security should be taken seriously, you should always proactively secure your social media accounts.
Here are steps you can take that can help keep your accounts from being hijacked.
Make the most of your device lock screen
- Set your computing devices to lock quickly
?Make sure you have a strong, unique password and two-factor authentication. People can gain access to your accounts by acquiring credentials and trying them across different services
- Use different password combinations across all your accounts
- Pick up a password manager (example: keeper app)
- Use strong unique passwords with numbers and special characters
- Acquire a second code or “factor” to prevent attackers
- To add two factor authentications on Facebook, go to settings> security and login> two-factor authentication
- To add two factor authentications on Twitter, go to settings and privacy> account. In the security subsection click on review your login verification methods.