Citizens Community Federal Bank

There are a lot of options out there on how to store and invest your money. It’s hard to tell which banks are financially secure or if you’re putting your money in a trustworthy location. How do you know which ones are right for you and your family?

At Citizens Community Federal we work to ensure that your money is in the best possible hands. Every day we put in the maximum amount of effort needed to achieve the best possible options for our customers. If you’re thinking of securing your money, work with Citizens Community Federal today.

Things to consider when applying for Mortgage Insurance

Posted on July 15, 2019

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Category: Blog

If you have found your dream home, and you are not paying cash, you will need to apply for a mortgage and be approved. Knowing which type of loan works best for you and what payments are needed will help you narrow things down. It is compulsory for mortgage holders to purchase mortgage insurance, however there are still many people paying way more than they should be paying.

What is mortgage insurance?  

Mortgage insurance is a policy that protects the lender of the mortgage in the event that the person borrowing may die, default on payments, or are not able to meet the mortgage contract payments. The borrower makes a down payment of the purchase price of the home and will need to pay for the mortgage insurance. If you fall behind on payments this will affect your credit score. You will pay your mortgage insurance in a monthly payment to the lender. There are many types of mortgage insurance these include:

Private mortgage insurance   

This type of insurance means the person borrowing might have to buy as a condition of a conventional mortgage loan. This policy protects the lender and not the borrower. It is arranged by the lender and provided by private insurance companies. It is usually required if the person borrowing gets a conventional loan with a down payment of less than 20%.

Qualified mortgage insurance premium   

This type of insurance is paid by the homeowner who takes out a federal housing administration loan. Anyone who has an FHA must buy this type of insurance regardless of the size of their down payment.

Mortgage title insurance   

This type of insurance protects against any loss in the event a sale is later invalidated due to an issue with the title. The beneficiary is protected in the event of any losses if it is determined at the time of the sale that someone other than the seller owns the property.

Credit Score   

In getting mortgage insurance approved your credit score plays a massive part. To qualify for a mortgage with a low-interest rate your credit score must be in the lower range. If you are ranking in the subprime, it will be become more difficult to be approved as you will have a much higher rate.

Income and debt   

The lender will consider your income to debt ratio. Most lenders will use the qualifying ratio 28/36. It typically ranges at 28% which is the amount of your pre-tax gross income of monthly allowance for housing expenses like homeowners and interest payments insurance. 36% is how much is represented of income and that goes towards your expenses in the home and bills, and much more.


A steady income is required by the lender to qualify for a mortgage. Your monthly income can come from other sources such as child benefits, etc. If you are self-employed it can be harder to get approved for mortgage insurance more so than a regular income.

Protection Insurance For Mortgages: What Are The Benefits And Do You Need It?

Posted on July 4, 2019

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Category: Blog

Taking out a loan, more so a mortgage can seem scary. Without proper financing and/or household budgeting, this could take a huge chunk of your yearly budget. However, with proper planning, a mortgage doesn’t seem like a bad idea at all. In fact, it goes towards an investment that you can call your own after a few years.

However, what if the mortgage is under your spouse’s name, which happened to be the breadwinner, and suddenly the breadwinner gets injured or can’t proceed with work? What if the breadwinner dies? While we don’t want any of those happening, it pays to be informed of your decisions and it pays if you’re initially aware that you have options to prevent further problems during untoward incidents like these.

What Is Protection Insurance For Mortgages? 

Mortgage protection insurance is pretty simple. Just like any other type of insurance, you pay for a premium, and when you have an accident which prevents you from working, or the breadwinner dies during the duration of the policy, the insurance company will process your death benefit.

Simply said, this type of insurance is a special type of policy specifically meant for those individuals who have an existing mortgage. This gives you the peace of mind that no matter what happens to you, you’re covered and that you won’t leave your family struggling to pay for mortgage debt.

As discussed earlier, this doesn’t just apply to the death of the breadwinner or policy owner. During those incidents that you have been involved in an accident or an injury which prevents you from working, your mortgage insurance may cover the mortgage payments until you’re ready to get back up on your feet again, financially speaking. This can also apply when you lose your job and your mortgage will cover those fees until you find a new job. While this may seem like an added cost, you can treat this as an investment and an assurance that your mortgage will be paid off no matter what the circumstances are.

How Much Will You Get? 

Just like any other insurance policy, the benefits you’ll receive depends on the policy amount. At times, the insurance policy may pay the remaining mortgage left during the time of the incident. There are other premiums on the other hand that pays for the entire mortgage amount, regardless, and the beneficiary would get to keep the extra money.

For certain instances, where you’ll be able to pay off your mortgage ahead of time, you can get the benefits until the entire duration of the policy. You may want to check with your insurance company the premium as well as the benefits and compare plans that suit your needs.

Finding The Right Insurance Policy For You 

Just like in any insurance policy, do not rush yourself into signing up and getting protection insurance for mortgages immediately. Review the policy, check the company, ask for referrals, ask the insurance company as many questions as you can to ensure that you’re going with one that suits your budget and needs.


Generally speaking, protection insurance for mortgages isn’t something that many people are talking about but is a must-have for everyone who wants to secure their mortgage payments. Talk to your insurance agent to learn more about the options available and applicable to you.

Top Reasons To Work With Quote Devil Insurance

Posted on November 1, 2018

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Category: Blog

If you are in a city in Ireland, and you would like to get an insurance quote, you need to look no further than Quote Devil Insurance. This is a business that has made a name for itself, primarily by providing a large number of different insurance policies at very affordable prices. Whether you are looking for home insurance, or perhaps travel insurance, they will have something to offer. Once on the website, you can get quotes in as little as 60 seconds. It is a well-designed website that is maintained by one of the best insurance companies in all of Ireland. Here is a little more information on this business to show you why you should consider contacting Quote Devil as soon as possible.

Overview Of Quote Devil Insurance 

There are some policies that most people need. This would include car insurance, home insurance, and even life insurance. However, there are other policies that may only be used by businesses such as business insurance or even van insurance if you have a company that is delivering packages. People that travel, especially with their pets, can get travel and pet insurance from this business. They also have motor trade road risk insurance, income protection insurance, and a wide range of other options. Essentially, this company acts as a broker for different types of cover. They are a literal clearinghouse of different types of policies. On their website, they specifically show you what types of insurance they are currently presenting, and by clicking on each one, you can see how comprehensive they are. What you will want to do initially is get a quote. They have made this very easy to accomplish. Check out their YouTube Channel.

How Do You Get A Quote From Them? 

Getting a quote is very easy to do. You can accomplish this in three ways. First of all, you can call them directly to speak with the representative who will help you get the information that you need. Second, you can click on a button on their website which will allow you to submit your information. Finally, if you would prefer to get a callback, you can put in your name, phone number, and even your email address, and this will give them enough information to call you back at your convenience. One thing that you will notice about this business is how quickly they are able to deliver. Not only can they provide you with quotes rapidly, but they will also make sure that your policies are presented in a timely manner. Their job is to connect you with policies that are exactly what you are looking for in the shortest amount of time. Moreover, they are also known for representing insurance policies that go above and beyond what typical insurance companies will offer the public and businesses.

Why This Online Insurance Comparison Site Is So Popular 

This company is very popular for a couple different reasons. First of all, they have a very intriguing mascot. It is a very recognizable image of an animated devil, one that is easy to remember. Since the name of the company is Quote Devil, once you see the image, this will allow you to perhaps remember them over any other similar website. One day you may need to get wedding insurance, or perhaps gadget insurance for all of the electronic items that you have. When this occurs, you will likely search for them on the web and submit a request to get a quote. The process is actually very simple. The form is very short period as long as you know what you want, this will be very easy to do. However, it’s a good idea to have a little information on how the process works before you go to their website and request quotes on one or more insurance policies.

How Does The Process Work? 

When you click the button to get a quote, they are going to redirect you to a new page. For example, if you are looking for pet insurance, they will give you a summary of how the policy works and how much coverage you will receive. They will tell you what it will cover such as veterinary fees, third-party liability coverage, and also money for lost and found ads. You can see how comprehensive the policy is, and based upon that information, you can scroll to the bottom of the page and fill out the get a quote form. Once it is received by the company, they will create a quote for you. This is typically sent out promptly. Even if you are comparing multiple insurance policies, it is likely you will receive information from Quote Devil that will motivate you to work with their business. The next thing that you need to know is how quickly you can have your policy in place. You might be purchasing a home, and before it closes escrow, you need to have an active policy protecting the house.

How Soon Can You Have The Policy Put In Place? 

You can have the policy put in place immediately after making the payment. This is how most insurance companies work. Of course, you should look at the policy, verify that you will have the coverage that they are advertising, just to make sure that you are paying for what you requested. This company is well-known for providing some of the best coverage, and you may end up getting additional policies from them. All you have to do is request a quote to start the process of getting one of the many policies that they have available. You will see that they are not only leading you to policies that are affordable, but they will ensure that your policy is fully active in the shortest period of time possible.

What If You Need To Talk To Customer Service? 

If you do need to speak with a customer service representative, you can call them up or send an email. They can answer any questions that you may have about certain policies that you would like to get. The best way to get into the system is to request a quote on something that you would like to have. Once you are in, they will have your contact information. This will make it easier to have conversations with them, even if you get disconnected. This is one of the top features of working with this company. It’s always good to know that there is a personal aspect to any business that you work with. They aspire to be the best in the industry when it comes to insurance brokers and the policies that they represent. This is why so many people will even recommend Quote Devil to friends and family members.

Whether you need specialist home insurance, mortgage insurance, or any type of insurance for your business, Quote Devil Insurance is a business you can trust. They are constantly providing people with quotes for policies that are going to be very competitive and affordable. Best of all, their coverage is exceptional, some of the best in the industry, and they do this so that their customers stay with them because of the comprehensive nature of each policy. If you do need to get a quote on insurance today, go to the Quote Devil Insurance website today and request a quote from this company. You will find that they are one of the easiest businesses to work with that can fulfill all of your insurance needs.

What To Find In A Mortgage Protection Insurance Policy

Posted on June 20, 2018

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Buying insurance is not something that a lot of people want to do, but when you have quite a few investments or other ways that your money is tied up for the long-term this could be a great option. One of the best options that you can find is the mortgage protection insurance policy, which is often seen as an insurance plan that will pay off your mortgage or pay a set number of payments if you are injured or killed. The problem that arises so many of these plans is on the market that it is nearly impossible to figure out which one will work best for your needs. Since that is the case, here is a simple and quick guide to help you know what to look for in these plans.

When Will The Plan Pay Out 

When you buy the mortgage protection insurance policy you will want to look at when the plan will be paying out. Often these plans are going to pay out in only a couple of cases. These cases will vary depending on what you are looking for in the plan and here we are going to cover the two common types of plans that are in place.
  • Upon death is one of the common payouts for these plans. These plans are the ones that will pay out money to pay off the mortgage on the property if you were to die before it was paid in full. This is the common type of plan and often seen as one of the least expensive plans that you can find. However, the downside is you have to die for the plan to pay out, but on the upside, your family will get a home that is completely paid off.
  • Accident or injury coverage is the next aspect that people need to consider. These plans here will come in a couple of different forms with one having a set number of payments it will make and the other for paying off the home completely. This type of coverage is the one that will be seen as paying out if you were to get injured on the job and unable to work or if you ended up getting disabled they would help make your mortgage payments.

How Much Will It Pay Out

This is a question to ask about these plans and that is how much they are going to pay out if you are injured, killed, or disabled. This will allow you to know what the maximum payout from the plan is going to be but also makes it easier for you to know if the plan will be able to pay out what you need it to pay for your family to get the home without having to owe on the home. For example, if you own a hundred thousand pounds and the insurance only covers eighty thousand the family would have to come up with the additional twenty thousand pounds. However, if the insurance coverage is for one hundred thousand pounds, then the home would be paid off in full.

What Does The Monthly Premium Cost 

Sad as this may sound when you are buying the mortgage protection insurance you will often have to pay a monthly premium to get the plan. This is going to mean that you will have to be concerned about the cost of the premium going up or down on you, but also will have an additional payment going out each month. So you will need to be careful about this or you could end up spending more money on the plan than what you thought you would because of how the plan is set up and the type of plan that you have purchased. When you are looking at these plans make sure you do shop around as you may find some places are lower in cost than the others, just like you find with automobile coverage.

Does The Value Go Down 

This is something you really need to look at hard because you may find in the fine print that the insurance will pay the balance of the low or the value of the home depending on which one is lower. This usually is not a problem as most of the time the value of the home is higher than the loan value once you have started to make payments. However, it could become an issue if you are not careful as the home value changes depending on the area surrounding the home and other property valuations. Not to mention if they are using a tax evaluation, instead of a real estate evaluation, the value of the home could be quite a bit lower than what is actually owed on the principle of the home.

Will It Pay Off A First Mortgage Only 

Sometimes people will go out and make some repairs or improvements to the home to increase the value. This is a great idea and definitely one that people will like, but it does mean they have to take out a second loan in most cases. Typically, the second loan will be seen as a home equity line and this means that people will be spending more on a second mortgage on the home. Now, when people get these plans they may think it will cover the entire debt on the home, but they need to realize it may not cover the debt on the second mortgage that people have taken out for the improvements.
When people buy a new home, they need to realize this is one of the biggest investments they will be making. Since this is the case, people should know more about what they should find in a mortgage protection insurance policy. By knowing more about what they will need to have in these plans it will be easy for you to find the plan that will work best for your needs and know that if you are injured or killed that the home will be paid off.

Car insurance Federal Bank Owner For The Best Cover

Posted on June 5, 2018

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Category: Blog

A car cover is important because it provides financial protection if your car is damaged in an accident. It also provides cover for damage and injury to other drivers, pedestrians, passengers, and anyone else involved in a collision. Because the likelihood of vehicle owners being involved in an accident is relatively high, it is reassuring to know that their auto policy will cover the financial loss suffered. Citizen Community Federal, are car insurance people and a bank with all required services.


Why you need Auto Insurance

It is a legal requirement and all motor owners must have minimum cover for compensation toward other people in the event of a crash and to cover related vehicle damage. A more comprehensive cover will also provide you with financial compensation should your car be damaged, stolen, destroyed by fire, or vandalised.


Benefits of Auto Insurance

  1. To protect your valuable asset with damage liability coverage, as well as that of others who may have a claim against you. The minimum legal cover requirements may not be enough to cover physical damage, repairs or replacement, and legal action from others.
  1. To satisfy the requirements of your finance lender. Most car loan companies insist on an adequate cover when they have granted a car loan in order to protect their investment. If you allow your premiums to lapse, the lender may insure the vehicle on your behalf and add the cost to your monthly loan repayments which will be much higher than normal car insurance. You will be able to rectify this situation if you reinstate your cover.
  1. To stay within the law and prevent penalties and fines. Driving a vehicle without insurance is illegal and could result in a fine or even being disqualified from driving altogether. Severe penalties and a jail sentence may be imposed especially if you have been the cause of a collision that caused the injury or death of others. The authorities also have the power to confiscate a vehicle driven without cover.

Types of Car policies

There are three general types of cover for motor vehicles: Third Party; Third Party with Fire and Theft; Comprehensive.

  1. Third Party

Third Party cover is the minimum cover required by law and covers damage to other people’s property and injury to others in the event of an accident.

  1. Third Party, Fire, and Theft

This type of policy is the same as Third Party but in addition, it covers the cost of vehicle repairs or replacement if the vehicle has been stolen or fire damaged.

  1. Comprehensive

Comprehensive automobile insurance is the highest level of cover that protects against loss or damage of your own as well as other people’s property. It can also be extended to include legal expenses and things like a courtesy car during the time that your vehicle is being repaired.

Extended Cover

If your car is being driven by others, your insurer may allow you to add nominated drivers to the policy, as long as the main insured is the person who regularly drives the vehicle.

Some policies have additional clauses like breakdown cover for safety on the road.

How the Monthly Premium is Determined

The amount of insurance coverage you decide to buy will affect your monthly payment. Some of the decisions you will be asked to make will include what coverage, deductibles, and limits you choose to have.

The monthly premium will be worked out according to a number of factors including:

  • Your age, marital status, and gender.
  • The make and type of car you drive and the age of the vehicle.
  • Where you park and drive your car.
  • The annual mileage used.
  • Your occupation.
  • What you use the car for.
  • Whether you have previously been convicted of a motoring offense.
  • Other drivers in your family who will be driving the vehicle.
  • Your credit history.


The following information may qualify you for a special discount on your car cover:

  • Using the same company for your home and car coverage.
  • Multiple vehicles insured with the same insurer.
  • An excellent driving record.
  • Low annual mileage.
  • Protection devices fitted such as anti-lock brakes, anti-theft devices, and airbags.
  • Having taken an enhanced or defensive driving course.
  • If you are a student and you don’t use your car to go to college or university.

Premiums can further be reduced by paying a higher excess (the specified amount or percentage of a claim you will be required to contribute). The younger you are the higher your premium will be as statistics prove that younger people carry a greater risk of having an accident.

No-claim Bonus 

A no-claim bonus is accumulated for every year of accident-free driving which can contribute to a discounted premium when you renew your policy, although this is not always guaranteed.  Another benefit of a no-claim bonus is that it will stand you in good stead when an accident happens that was not your fault. In this case, your no-claim bonus status will remain unaffected.

With car insurance Federal Bank owner you can get a substantial discount on your premium if you have not submitted a claim for a period of more than nine years. In some cases, this can be considerably less than regular monthly premiums as you will be considered to be an exceptionally safe driver.

What can an Auto Policy Cover?

Liability for damages and injury to others in an accident you are responsible for.

Uninsured Motorist expenses for damages and injuries caused by a driver with no cover or a hit-and-run incident.

Underinsured Motorist expenses for damages and injuries when the driver at fault’s insurance cover is not enough to pay for your loss.

Other Expenses Covered

Comprehensive policies can be purchased that pay for physical damage to your vehicle caused by fire, flood, theft, hail, or other specified events listed in the policy.

Medical expenses if you or a family member named in the policy is hit by a car or hurt as a passenger of a vehicle.

Towing or rental expenses after an accident.

Damages or injuries while driving a rental.

What does the Policy NOT Cover?

Equipment not permanently installed such as stereos, mobile phones, CD players, or stereos.

Driving your car for business purposes which should be covered by your company’s policy.

Driving your car outside of specified areas.

Car maintenance.

Settling your auto loan if the damaged vehicle’s market value is less than the outstanding amount owed.  Car insurance Federal Bank Owner may offer you GAP cover for this purpose (Guaranteed Auto Protection).

Driver Responsibilities

In order to ensure that your vehicle is adequately covered and that your claim’s process will go smoothly when an accident occurs, Car insurance Federal Bank Owner recommends that you pay attention to the following:

  1. Pay your premium on time every month. Most insurers are strict regarding the due date for payments and will not offer grace periods. If you have an accident and your premiums are not up to date, your policy will be null and void and you will have to pay your own expenses and possibly those of others involved.
  2. Always keep your proof of coverage in a safe place and keep a copy in the car.
  3. If you have an accident and there are injuries, immediately call 911.
  4. Call the police before you move your vehicle from the scene.

Get the following important information while at the scene:

  1.     The driver’s name, phone number, address, driver’s license number, expiration date of the license, and policy details.
  2.     Write down the other car’s model and license plate number if you cannot get the license.
  3.     Write down the names and contact information of any witnesses at the scene.
  4.     When the police arrive, write down the badge number and other information of the officers on the scene.
  5.     Ask the traffic officer where and when you can get a copy of the accident report and make a note of the number.
  6.     Write down the exact time and location of the accident, the road conditions, and the weather. If possible take photographs of any skid marks, the damage caused, and anything else you think may be important when submitting a claim.
  7.     As soon as possible after the accident call the company and report the accident to an agent. Make note of the agent’s name and the time and date of the call.
  8.     Do not offer any information you are not comfortable with and do not agree to any liability.

For the best discounts on the following types of vehicle insurance:

  •     Automobile
  •     Motorcycle
  •     Motor Home
  •     Recreational Vehicle
  •     Boat / Yacht
  •     Commercial Vehicle



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If you’re interested in the services that we offer here at the Citizens Community Federal Bank, then please get in contact with us. You can do so by reaching out through the varieties of ways listed on this page.

Our turnaround time for returning messages, if not immediately, is within a 48 hour period. This time does not include weekends or business holidays.

If you do not hear from us after this point, please verify that you are using the correct information before attempting to contact us again.

Thank you for considering Citizens Community Federal.

Our Location

2196 Joseph Street