Business

Nolin RECC members have voluntarily contributed thousands of dollars in a special account to help their community. These dollars began as small change through the Operation Round-Up (ORU) program at Nolin. Since implementing ORU in June 2006, more than $50,000 has been donated to projects/agencies in our communities.

Question: What is the most common financial service used?

Answer: Probably the most common financial service anyone uses is a checking account.

In most households, it’s the account that the monthly bills are paid from, it is how the owner gets cash from ATMs and it’s where most payroll checks are automatically deposited.

If you are in one of the higher tax brackets and seek a substantial tax deduction now, you may want to consider establishing a charitable remainder trust. This is an arrangement that can allow you to gift a highly appreciated asset to a charity of your choice. Then the charity can sell the asset and pay no taxes on the sale. This means both an immediate tax deduction for you based on the value of the item donated, and an additional tax savings from not having realized the capital gain on the sale of the asset.

First Citizens Bank has been awarded a five-star rating from BauerFinancial, Inc., a bank-rating firm in Coral Gables, Fla. The rating, which is the highest possible, indicates that BauerFinancial considers the bank to be one of the strongest in the nation. Among the factors evaluated are capital adequacy, loan delinquency levels, and profitability.

First Citizens Bank was established in 1964. It operates offices in Elizabethtown, Radcliff, Shepherdsville and Mount Washington, and can be found at www.first-citizens.com.