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Creating a Credit Score Without the Credit Card

Austin, Texas // www.creditstrong.com

In an effort to help consumers build credit and savings simultaneously, Austin Capital Bank has launched Credit Strong, a nationwide credit-building account that combines both an installment loan and an FDIC-insured savings account.

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The Kids Are Not All Right

More than a third of teens still expect to be financially dependent on their parents by age 30.

In a national survey of 1,000 U.S. teenagers aged 13-18, owning a car by age 30 seemed quite achievable — 74 percent agreed they would have purchased an automobile before exiting their 20s. Many other trappings of adulthood appear further out of reach, however. The survey, conducted by Colorado Springs, Colo.-based Junior Achievement USA and Citizens Bank of Providence, R.I., found that only 60 percent of teens believe they will own a home by age 30, and less than half feel they will have paid off their student loans (43 percent) and started saving for retirement (44 percent).

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The Newly Legalized Hemp Industry

Opportunities arise for farmers and ag lenders from the 2018 farm bill.

By Whitt Steineker and Jared Batte

Hemp, one of the nation’s oldest and most versatile crops, is poised for a resurgence following the passage of the 2018 farm bill. That legislation codifies the distinction between hemp and marijuana and removes hemp from the scope of the Controlled Substances Act. This should be a welcome development for agricultural lenders — who have largely avoided any association with hemp for decades — as it will allow them to access a now-legal industry that is expected to generate billions of dollars of potential deposits in the next few years.

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Pre-Purchase Analysis Files Help Track Investment Performance

By Matthew Maggi

I love the mountains. Hiking, taking photos of the majestic peaks, being a part of nature makes me feel like I am a part of something larger than myself. Although I may be small in comparison to the mountain, I do not feel insignificant. Living in a city provides me with a similar feeling: I am a part of a larger community and have a role to play. When choosing fixed-income investments, each bond should have a purpose in helping you achieve your desired investment strategy: playing a role in the larger community of investments.

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Measuring Repayment Capacity

For future expansion, the average replacement margin must be positive.

By Michael Langemeier

Repayment capacity measures include capital debt repayment capacity, capital debt repayment margin, replacement margin, term debt and capital lease coverage ratio, and replacement coverage ratio (Farm Financial Standards Council). These items address a farm’s ability to repay operating loans and to cover the current portion of principal and interest due on noncurrent loans such as a machinery, building or land loan.

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