Managing your finances can feel complicated.  At Skowhegan Savings, our team are experts in the field, so if you're looking to stay on top of your finances check out our Straight Talk: Financial Insights.  Content that covers some of the most frequently asked questions, by people just like you!

Personal Finances

Is a Bi-Weekly Mortgage right for you?

When borrowing money to purchase or refinance a home, most make regular monthly payments for the life of a loan.  Most borrowers don't realize that they can save money on interest and pay off their loan faster by simply making, bi-weekly payments rather than monthly payments.   Here is how!

October 10, 2022

Tips on how to establish good credit

5 Reasons you need a personal deposit account

Avoid becoming a victim of wire fraud

Understanding Home Construction Loans

September 1, 2022

July 30, 2022

July 1, 2022

September 30, 2022

Benefits of borrowing from a bank that doesn't sell mortgages on the secondary market

Don't be impacted by upfront fees from secondary market lenders

Purchasing a Vacation or Second Home: What You Need to Know

May 10, 2022

May 19, 2022

April 5, 2022

Business Finances

How you can protect your business from wire fraud

Cybercrime is becoming more sophisticated and the impact of wire fraud extends beyond financial costs. Businesses that are defrauded by these methods experience a significant interruption to daily business operations and damage to their corporate reputation.  Fortunately, there are steps to prevent your business from becoming a victim of wire fraud.  Here is how.   

October 10, 2022

Consider the benefits of having a Line of Credit (LOC) for your small business

June 24, 2022

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Makers of the USA and Skowhegan Savings are excited to kick off a mini-series called "Becoming a Maker" that shares the origin stories of makers from Madison to Portland, Maine. Join us to hear the incredible journeys of these makers - as we dive into their history, challenges overcome, and passion for their craft. 


For the second episode of the series, Kristan Vermeulen interviews Madison High School principal Christopher LeBlanc and Chris Beaman welding instructor at Somerset Career and Technical Center (SCTC)’s welding center at Madison High School. SCTC trains over 300 students across Somerset County in various tech trades including welding. The welding program had an ongoing waitlist and the team decided they needed to expand. Madison Area Memorial High School offered a space that was previously used as a metal shop. Tune into the episode to learn more about the launch of the Madison Welding Center supported by numerous community partners including the Skowhegan Savings Foundation. 

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