When it comes to New Year’s Resolutions, there seems to be two types of people: those who look forward to making (and sometimes breaking) them, and those who think the whole thing is probably a waste of time. Everyone knows that many popular resolutions are broken by the time Valentine’s Day comes around, just look at the gym in January versus February or March!

Establishing and building credit can help you gain financial power and personal independence. But how do you get and keep a good credit score? In this episode, we talk with Denise Kelly-Dohse, CFP®, Vice President, Wealth Advisor, CNB Wealth Management and Jessica Young Carbonel, Learning and Development Specialist, Canandaigua National Bank & Trust, to learn more credit reports, credit scores, and creating a positive borrowing history. Gain knowledge that will help you take control of your credit and build your financial independence.

Your investment portfolio can help to secure your future, but did you know it can also provide you convenient access to funds when you need it?

There's no doubt about it — 2022 has been a tumultuous year for the financial markets. If you are looking forward to a fresh start this year, why not begin with your personal finances? Here are some tips to help you get started.

There's no doubt about it — 2022 has been a tumultuous year for the financial markets. If you are looking forward to a fresh start this year, why not begin with your personal finances? Here are some tips to help you get started.

March 2, 2009 - You cannot turn on the television or read the newspaper today without hearing more news about banks tightening their credit standards during these challenging economic times. One can argue that Rochester has faired far better than other parts of

Are you considering expanding, renovating, or constructing a new building for your business? Or are you an investor looking to build apartments, offices, or retail space for investment purposes? If so, a commercial construction loan may be the right banking loan for you.

On August 24, 2022, just a few days before federal student loan repayment was set to resume, President Biden announced a plan for additional student loan debt relief.

You have found the perfect piece of equipment or vehicle for your company and now have a number of decisions to make. Do you pay cash or finance the asset? If you finance it, do you take out a loan or a lease? For how long? Do you obtain a fixed interest rate or a variable interest rate? Let’s breakdown some of the key questions when it comes to financing new equipment for your business.

A bridge loan can be thought of as a short-term funding mechanism to “bridge” the gap between a project’s inception and its eventual completion, at which point more permanent financing is generally, but not always, put in place. It’s effectively a short-term loan, collateralized with assets that may or may not be related to the final project itself. The terms and types of bridge loans can vary, but their use can offer a variety of benefits to those that take advantage of them, turning otherwise undoable projects into viable long-term endeavors.

Whether you are early in your career or have started a family, as a member of the next generation of investors you face your own set of unique needs. Below are key tips to ensure you are off to a financially healthy 2022!

GPA is an acronym for grade point average, which represents of your overall academic performance. You probably know your GPA, or at least are familiar with the term from report cards and college applications. But did you know that your credit score is like a financial GPA?

The time has come to pay back your student loans, now what? Dealing with student loan debt can be stressful and even frustrating for borrowers, however, now is the time to take control and alleviate that stress. First, create an inventory of your loans including loan type (private vs federal), balance, interest rate, payment amount, and repayment term. This can be done using your credit report through annualcreditreport.com for private loans or studentaid.gov for federal loans.

According to the Federal Reserve’s Survey of Consumer Finances, the average American family carries $6,270 in credit card debt. This is in addition to loans held for vehicles, homes, education and other obligations which brings the average American personal debt to $92,727.* While these figures may make previous generations balk, the average cost of a car, house, and college education has skyrocketed when compared to the average household income. While gross household debt was only 15% of GDP in 1946, it is close to 80% now.** As a result, typical consumers need to borrow money if they want to buy a home, drive a car, or educate themselves or their children.

Your credit report contains information about your past and present credit transactions. It's used primarily by potential lenders to evaluate your creditworthiness. So if you're about to apply for credit, especially for something significant like a mortgage, you'll want to get and review a copy of your credit report.