Association to Absorb Bulk of Interest Rate Increase

Oct 5, 2022 | Home Featured News, Loans News

FCSM Loan Customers:

This past week the Federal Reserve raised the Federal Funds rate by 0.75%. In an effort to keep rates as low as possible, FCS of Mandan will be absorbing 0.50% of that rate increase.

Your association is financially sound and well positioned to absorb a half percentage point of interest at this time. We hope this provides some relief to your operation in this challenging environment. Please let us know if you need any financial services to support your agri-business. Have a safe and abundant harvest.

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