If yourself or someone you know has opened a new checking account recently at a new bank they probably ran into a process called ChexSystems. ChexSystems is a service that became available to banks in 1971, letting financial institutions run reports on prospective customers to find out if they have had undesirable account history in the past.
The down side to this is if you have ever made an honest mistake with a bank account in the past you are marked by ChexSystems for five years. Most banks will not open a savings account for someone with a history on ChexSystems much less a checking account.
Since many people on ChexSystems did not open their accounts with that intention it can be like a 5 year punishment imposed by banks. If you do not have a bank account you are forced to pay to have your checks cashed, purchase money orders, and pay fees for prepaid Visa cards.
Central National Bank has a new account that can help the majority of people who have been turned down by ChexSystems in the past. New Opportunity Checking is a real checking account with a debit card, checks, and ability to have direct deposit to the account.
There are restrictions on the account like no overdraft protection and a monthly fee for the account. But the good news is that after 12 months of good account standing the customer is eligible for a regular Free Checking account with Central National Bank. There are other restrictions to the account that a Central National representative would be happy to discuss with a potential customer as well as see if they qualify for New Opportunity Checking.
Bad things happen to good people and Central National is recognizing the need to have products that can serve a wider population of customers. Please come in today and inquire about New Opportunity Checking at a branch near you or give us a call.
With all of the talk about “Going Green” lately, it’s time to remind people of any easy way they can help the environment; E-Statements. Here are a few of the numerous E-Statement benefits…
o FAST – You’ll receive your E-Statement two or three days earlier than you normally receive your paper statement.
o EASY – A monthly e-mail lets you know your new statement is available online, and you can access it from anywhere. You’ll have up to 12 months of statement history to print or file anytime.
o SECURE – You’ll enjoy peace of mind knowing your statements are delivered to you securely via e-mail and encrypted for your protection.
o ENVIRONMENTALLY FRIENDLY – Receiving your bank statement via e-mail reduces the usage of natural resources. You will no longer receive a paper statement, so you can easily store your E-Statement to a file on your hard drive.
Not only will you save trees, you’ll earn money as well. If you sign up to receive E-Statements on your Central National Bank checking, savings, or money market account between now and January 31st, CNB will deposit $10 into each account you enroll in.
• Take note that the $10 credits will be deposited to all of the customers’ accounts on the last day of the month (Dec. 31, and Jan. 31) – the deposits will not happen immediately upon enrollment.
Central National Bank is celebrating its 123rd birthday this month – yes, that’s correct: 123 YEARS. When this bank was founded, the car hadn’t even been invented yet! Times have certainly changed since 1884, but Central National Bank has stood the test of time as a strong, successful bank throughout its storied history.
The bank was founded by Sumner Pierce in October of 1884 in Junction City. Originally chartered as a state bank, “Central Kansas Bank” was elevated to a more prestigious national bank just six years later in 1890.
Central National Bank’s long history of strength and consistency is rare in the banking industry today. In an era where bank acquisitions and name changes are commonplace, Central National Bank has kept the same name for more than a century! Central National Bank is a family and employee-owned business, and our team of bankers across Kansas and Nebraska take pride in building their communities by providing excellent financial services and by donating their time and energy to community projects.
Happy 123rd birthday, Central National Bank! Now we just need to get enough people together to blow out all of these candles…
On September 19th Central National Bank hosted its 5th Advisory Board Roundtable Forum. The topic was “Going Green”. Guest presenters were Sarah Hill-Nelson, secretary/treasurer of Bowersock Mill & Power Co. in Lawrence and a representative of The Bonneville Environmental Foundation out of Portland, Oregon as well as the director of Zephyr Energy of Lawrence and Scott Zaremba, president of Zarco Earth-Friendly-Fuels and Zarco 66 stores of Lawrence.
Bowersock operates a Hydroelectric-power plant along the Kansas River in Lawrence and has been providing energy for Lawrence since the early 1900’s. The Hill family has been involved in the plant for much of its rich history. The Bonneville Environmental Foundation is focused on the reparation of damaged watersheds across the country and establishing new renewable energy generation. Zephyr Energy is the local vehicle for buying green tags to offset you or your businesses energy usage and to support the use of renewable energy generation.
The Zaremba family has been in the fuel business in Lawrence for the past 40 years. Scott Zaremba is in the process of opening the first retail Bio-fuels station in the state of Kansas at 9th & Iowa Street in Lawrence. The station will be open later this fall and Scott informed us that many cars are already compatible to run on E-85 grade fuel. A list of vehicles that are equipped for this use can be founds on the Zarco 66 web site (www.zarco66.com).
Central National Bank of Lawrence is proud to announce that a three-year commitment to invest in green tags to offset 25% of the energy usage in its six Lawrence bank branch locations. CNB is the first and only bank in Lawrence to make this commitment and we do this consistent with the mission of our bank, which is focused on “…making our customers and the communities we serve successful.” An investment in renewable energy is an important investment in the future of Lawrence and the state of Kansas.
Additionally, CNB is proud to be the financing source for Zarco Earth-Friendly-Fuels and their new Biofuel station in Lawrence. The leadership and commitment by the Zaremba family in taking such an important step to begin to reduce our dependence on fossil fuels and to make a positive impact on the environment is truly a landmark step in Kansas.
As Scott Zaremba stated in his presentation, “to create change one must take action.” Central National Bank is very pleased to play a small role in supporting these great community leaders and helping promote issues that truly do make our community and customers successful.
Blog by Brad Chindamo