On March 16, 2022, Mascoma Community Development announced $7 million in New Markets Tax Credits funding for The Food Bank of Western Massachusetts, Inc. The funding will be used to construct The Food Bank’s new distribution center and headquarters to provide more healthy meals to more people who experience food insecurity in the Western Massachusetts area.
We asked our Mascoma Mortgage lending team for their best pieces of advice to give to someone who is hoping to buy a home.
We asked our Mortgage Lending team for some advice they give to people who are on the road to owning a home about making the process easier.
We asked our Mortgage Lending team some of things they share with first time homebuyers.
We asked our Mascoma Mortgage lending team to answer a few questions to help demystify the mortgage closing process.
At the end of 2021, Mascoma Bank contributed more than $285,000 to area nonprofit organizations in an effort to meet some of the area’s biggest needs. The funds target some of the most pressing issues facing residents of Vermont and New Hampshire, including housing, childcare, workforce development, and food insecurity. “We proactively reached out to
Mascoma Community Development (MCD) is pleased to announce the successful closing of $20 million in New Markets Tax Credit (NMTC) allocation to support the redevelopment of a former paper mill into a wood fiber insulation manufacturing facility in Madison, Maine. Operated by GO Lab Inc., a company founded in 2017 to develop and manufacture innovative
As we dive into 2022, we asked some our team members to share a piece of financial advice that helps them or they feel could help someone else. Here are 12 of the best insights they have to share. Lauren Schumacher – Senior Underwriter Officer: Always try to pay credit card debt to zero each
TLC Family Resource Center (TLC) imagines a place where every child and every family can enjoy economic, physical, social, and spiritual security. Their mission is to promote the optimal health and development of children, youth, and families in Sullivan and Lower Grafton Counties. Located in Claremont, New Hampshire, the nonprofit accomplishes their mission through four
Mascoma Bank and its Community Development Lending Group is pleased to announce that it has provided Federal Historic Tax Credit bridge and construction funding for the rehabilitation of the historic Monadnock Mills building in downtown Claremont, NH.
Mascoma Community Development (MCD) is proud to announce being awarded $60 million in New Markets Tax Credit (NMTC) authority from the U.S. Treasury’s Community Development Financial Institution (CDFI) Fund.
Second Growth‘s mission begins with the overarching goal of reducing substance misuse and violence for adolescents. This organization provides clinical counseling in their offices, and trainings, group support, and prevention education in local schools and community settings. The emphasis is on developing resiliency skills to help area youth safely navigate adolescence. Founded in August 2000,
AHEAD (Affordable Housing, Education, and Development), a certified nonprofit located in Littleton, New Hampshire, is fighting hard to put an end to homelessness and generational poverty in the North Country. Through their initiatives, they have been able to create safe and affordable housing as part of an effort to rebuild lives and communities. With over
White Mountains Community College (WMCC) wants to help students follow their passions into careers, and in the process, aims to redefine what student support and success looks like.
In 2017, Jennifer Dassau founded Feeding Tiny Tummies in Marlow, New Hampshire, as a way to bring nutrition and a sense of stability into the lives of young children. Something that began with Dassau simply buying snacks for kids during lunch quickly turned into a licensed nonprofit that now feeds nearly 600 families per week.
On June 25, Mascoma Bank’s B Corp Environment Impact Team hosted its first Waste Characterization Day. In an effort to reduce the Bank’s impact on the environment, the team’s long-term goal is for the Bank to be zero waste. To get there, we first needed to understand what—exactly—is in the waste. A team of courageous
The Weathervane Theatre in Whitefield, New Hampshire, is a place where art and culture come together. In 2021, the theatre marks its 56th anniversary with live professional performances ranging from popular crowd-pleasers like Hello Dolly!, The Addams Family, and American Idiot to new works from young playwrights. Focusing on the local community and the broader
Ready for some baseball? The Upper Valley Nighthawks are back for an exciting 2021 season. This nonprofit baseball team brings outstanding collegiate baseball players from across the country to the Upper Valley for a chance to compete in the New England Collegiate Baseball League. The team will play approximately 44 games in the regular season
Outright Vermont is committed to building a Vermont where all youth have hope, equity, and power. The CDC’s Youth Risk Behavior Survey of middle and high school-aged students underscores the fact that having supportive adults and an inclusive community is critical for the mental health of LGBTQ+ children and teens. It’s not difficult to understand
Mascoma Bank has been a longtime supporter of Monadnock Family Services (MFS), including serving as a lead sponsor for their “Men Who Cook” fundraising event in support of America Reads, a program that connects senior volunteers with children to help improve their reading skills. However, what MFS does goes far beyond that one program—they truly
Community Health Centers of Burlington (CHCB) provides affordable, quality health care to all who need it, regardless of financial status or life circumstances.
In August, Mascoma Bank sponsored Burlington, Vermont’s Intervale Center and their annual fundraiser, which celebrates Vermont’s vibrant food system and our community of talented farmers, chefs, and supporters.
We asked Pete Begin, VP Senior Security and Fraud Prevention Officer, for his top tips on protecting your identity and your finances.
Mascoma Bank supported the Humane Society of Chittenden County’s (HSCC) by sponsoring two of their major fundraising events in 2020: Purrrses for Paws (an auction event featuring purses) and their first-ever virtual Walk & 5K. Mascoma’s sponsorship supported HSCC’s Annual Campaign, which funds everything from day-to-day operations to emergency veterinary care. In addition to rehoming
Generator is a design and fabrication sandbox in the heart of Burlington, Vermont’s South End Arts and Business district. Its makerspace is a combination of artist studios, classrooms, and business incubator at the intersection of art, science, and technology. They provide the tools, expertise, education, and opportunity that empowers community members to create, collaborate, and
Mascoma Bank has made the difficult decision to cancel our 2020 Summer BBQ schedule for the safety and well-being of our community and team members. For Mascoma Bank team members, the BBQs are a highlight of the summer. We get to spend time outside and quite literally serve our neighbors.
As we all attempt to navigate our new reality and make accommodations to open up for more extensive face-to-face business operations, safety and the health of our community are still our top priorities. We’d like to share some of the measures we are taking and requests we are making here at Mascoma Bank to keep
While it’s gratifying to watch people come together and support one another during difficult times, it’s also very important to keep watch for those who have ulterior motives.
It might seem as though the right way to invest is to find the perfect stock, bond, or mutual fund and make that your investment of choice. However, no single investment—or type of investment—provides a strong return year in and year out. That’s why you need to diversify your investments and perform regular check-ins to
The benefits of music and music education to the growing minds of young people are backed by decades of research. But music programs, along with all the arts, are often among the first to be cut in order to trim a school budget. At Mascoma Bank, we take pride in our mission to be a
Mascoma Bank team members are a special bunch. You’ll find an array of talents, experience, backgrounds—and that certain something that’s hard to describe but which embodies the spirit of Mascoma Bank.
Do you have children heading to college next year? Have you filled out the Free Application for Federal Student Aid (FAFSA)? There’s still time—but not much!
Even if you have a great handle on your finances, unexpected challenges such as losing a job, dealing with an injury or illness, or having to help a family member in need can threaten your financial stability. It doesn’t take much to throw your monthly budget off track.
In 2016, Mascoma Bank started the process of becoming a Certified B Corporation®, and two years later we celebrated the completion of this process and our official status as a B Corp.
Making money, and spending it, is a part of everyday financial life.
Devising and maintaining a practical, workable budget is the foundation of your financial well-being. Whether you are on your own or have a partner or family, it is an essential starting point.
Mascoma Bank is thrilled to announce that we were honored with the American Psychological Association’s 2019 Psychologically Healthy Workplace Award at a ceremony on March 28 in Washington, DC.
The end of the year is often seen as a time to give to those in need, whether it’s through monetary support or showing up to volunteer. How can you make the most impact this season as you decide where your resources should go?
Online shopping has become a daily reality for many of us. In fact, U.S. shoppers spent $126 billion on online shopping during the 2018 holiday season. That’s a lot of opportunity for deals—and security downfalls. While online shopping is easy and efficient, you want to practice the best safety habits to ensure you aren’t giving the
At Mascoma Bank, we believe that the importance of art and the value of its creation goes far beyond anything displayed on walls or a stage. That’s why we are proud to be a longtime supporter of SafeArt, a community-based organization that uses the expressive arts as tools to support mental health and overall well-being.
It’s no secret that the cost of a college education has grown over time. Finding ways to pay for college that don’t involve borrowing has become ever more important to students and their families.
If you’re a theater lover, and you’re new to the Upper Valley, you might think you have to trek to Boston or New York to meet your live theater needs.
Social media is a terrific way to keep in touch with friends and family near and far, but it can also offer up another crack that hackers can slip through and wreak havoc on your finances and identity.
It’s almost impossible to imagine life without electronic devices. How would you keep in touch with your friends, listen to music, watch movies, buy tickets, make payments, or find the information you need without your phone, tablet, or computer? But as essential as your devices are to the way you live, using them can also
At Mascoma Bank, we believe that every member of our community should have opportunities to experience the arts and humanities, as an audience member, participant, and/or creator.
October is National Adopt-a-Shelter-Dog Month! At Mascoma Bank, we are firm believers in giving back to the communities in which we serve, and that means ALL members of the community—including those with fur, feathers, and scales.
October is Cyber Security Awareness Month. Here at Mascoma Bank, we take security very seriously and that starts with educating our customers and being ready to help them spot potential fraud. Internally, our team uses a program we call Know Your Customer to help us understand your bank habits and be ready to step in
Keeping track of your credit score is a crucial piece of maintaining your financial well-being. Your credit score is like getting a grade for all the good work you’re doing with your finances—or it can serve as a reminder that you could be doing better.
As a certified B Corp, Mascoma Bank is part of the global movement to use business as a force for good. But what does that mean? How can business be a force for good? The Vermont Employee Ownership Center is a prime example of how businesses can have a positive impact in the real world,
Apple Hill Center for Chamber Music sits on 100 pastoral acres in the small New Hampshire town of Nelson. Originally a sheep farm, the location was acquired in 1971 by Boston area-based cellist and music teacher Gene Rosov, who had a dream to start a music camp for his students.
Music is a collaborative art. People who play music together learn to work together and form the connections that result in strong communities. At Mascoma Bank, working to promote strong communities is an important part of who we are. That means, supporting organizations like the Upper Valley Music Center aligns perfectly with our philosophy.
Have you ever been scammed? Or wondered if someone is trying to scam you? You’re certainly not alone. According to the Consumer Sentinel Network Data Book, in 2018, nearly 3 million reports of fraud and identity theft were made to the Federal Trade Commission, resulting in a loss of nearly $1.48 billion.
Small town living can be delightful, but for some people, it might not be the right fit.
Rising in the town of Cabot in Washington County, Vermont, the Winooski River flows westward across half the state, winding its way through Colchester, Winooski, and Burlington on its approach to Lake Champlain. From above, it looks like a ribbon tossed upon the land.
At Mascoma Bank, one of our most important goals is to be a force for positive change. No less an authority than Mahatma Gandhi once said, “The greatness of a nation and its moral progress can be judged by the way its animals are treated.” If that’s true, the Lucy Mackenzie Humane Society is making us
Preparing to purchase your first home can be daunting. Make sure you’re ready by asking yourself these five questions first.
How much do you depend on your smartphone, iPad, laptop, or tablet? If any one of those devices stopped working right now, just how far up a creek without a paddle would you be? Does the thought alone make you break out in a cold sweat?
From Thanksgiving through New Years, many of us throw caution to the wind. We spend more and we eat more, and even now, many of us are recovering from all that excess.
Between work and home, do you have any idea how many emails drop into your inbox each and every day? More than 10 but less than 50? More than 100? A number so high you don’t even want to know what it is?
So the snow came early this year, and it just keeps coming. No doubt a fair number of you are now daydreaming about vacations in Florida or New Mexico, maybe checking out rentals on Airbnb or Trivago.
Right about this time of year, all you avid snowboarders and skiers in the Keene area are doing the same thing. You’re hoping winter comes early, drops tons of snow, and stays as long as possible, at least through April, maybe even into May.
Mascoma Bank has a long history of commitment to both its employees and its communities, and this commitment continues to grow with time. And now, these efforts are being recognized.
Having a good credit score is imperative to anyone applying for a mortgage. Learn what might be bringing down your score.
It was not so many years ago that you paid your bills with a checkbook and a roll of stamps. Buying or selling stocks required picking up a landline telephone and talking to your broker. If you wanted to transfer money from your checking account to your savings account, you went to the bank.
When it comes to ice skating in the Upper Valley, people tend to fall into one of two groups. There are the recreationists who just want to get out on some ice, skate around for a little bit, and sip some hot chocolate. And then there are the hockey players.
The Upper Valley can be an outdoor lover’s paradise. There’s always another mountain to climb, a lake to swim in, a river to paddle down, a mountain trail to bike on. But the Upper Valley has plenty of indoor attractions, too, as well as places that offer a great indoor/outdoor combination.
If saving were as easy as spending, we’d all be sitting on nest eggs the size of mountains. Unfortunately, most Americans struggle to save, and many carry more than $10,000 in debt on their credit cards.
The days seem long gone when kids could work summer jobs and save up enough money to pay a substantial portion—if not all—of their college tuition. Today, students borrow tens of thousands of dollars to cover the cost of their college degrees, and it seems the price tag is only going to go up.
Trees abound in the northeast. Their beauty is one of the natural features that draws people to the area and makes them want to put down roots of their own.
For many homeowners, having a covered front porch might seem like a luxury. The added expense of a covered porch stretches the budget, whether you are building new or renovating—is it worth it?
No, you’re not back at school. We’re talking about the final grading of your land, done with bulldozers and other heavy equipment after your home is complete!
When you buy land to build a house from the ground up, you discover a world of stuff to think about. And one of the first and most important things? Sewage.
To plan your ideal home and watch it come into being is a pretty amazing process. And there’s probably nothing like the topic of sewage to burst that happy bubble where you daydream about your new home.
All builders have two documents that guide them when building a house: the plans and the specifications. In a perfect world, those two documents seamlessly mesh together and support one another.
Building a house is a complex process! You might be new to a lot of the terminology used by contractors and subcontractors.
You bought some land, and you’re ready to move ahead with building a house. Now what you need is a plan! A house plan, that is.
Building a house from scratch is a tremendous undertaking. It requires you to make a seemingly endless parade of decisions about things you might not have thought much about before. One area of confusion for first-time home builders can be the difference between the house plans and the specifications.
If you’re building a house, you have to have a plan—a set of scaled drawings and written specifications that will guide virtually every aspect of construction.
Learn how Mascoma Community Development helped drive economic revitalization in Berlin, New Hampshire’s steel industry and assisted in putting more than a hundred local residents back to work.
When you build a new house or undertake a major home renovation, you spend a lot of time with builders and contractors. How can you be sure you’re getting the best person for the job?
Did you make it to a Mascoma Savings Bank community BBQ this summer? Hamburgers, hot dogs, cold drinks–we’ve got it all, along with a good dollop of that community feeling. Take a look.
Moving to a new neighborhood? Here’s how to find your new community.
Paying off two mortgages can be a huge financial burden. Here are five ways to make it more manageable.
Many Americans want to continue living in their homes as they age. Doing so takes a lot of planning, however, and maybe a few renovations.
Credit counseling can be a long process, but it is one of the best ways to get your finances in order and put yourself and your family in a position where you can build wealth and improve your credit scores.
Home renovations can add value to a home, but you need to choose your project carefully.
Buying a home is one of life’s most exciting events, and we’re always honored to be a part of it!
Learn about how banks calculate your debt-to-income ratio and how this number affects your ability to get a mortgage.