News & Resources

As first seen on CUInsight.com. By: John Gonner, CFA President, CEO & CIO Most people have heard that a commonly used definition of a recession is two consecutive quarters of negative GDP (Gross Domestic Product) growth. GDP measures the value of all the goods and...

As first seen on biztimes.biz John J. Gonner, CFA First Community Trust, N.A. July 1, 2022 Many times since the financial crisis 14 years ago, experts have sounded the alarm about the coming inflation, but it failed to materialize.  Well, it has arrived.  The Consumer...

As first seen on CUInsight.com.   By: Paul Kronlage, Executive Vice President and CFO If the past two years have taught us anything, we now know we have to be prepared for the unknown. From a global pandemic to volatile financial markets to unrest overseas, it...

FCT Vice President, Diane Derifield, has announced her plans to retire on March 31st. Diane has been an integral part of the FCT team for many years. She brought decades of experience working in the trust industry and passionately helped her clients. Prior to joining...

As first seen on biztimes.biz. By: John Gonner, President & CEO and Chief Investment Officer The yield you see quoted in the news for a bond is called the “nominal” rate. For instance, as I write this article the yield on the 10-year Treasury Bond is 1.4%. That is...

As first seen on CUbroadcast. First Community Trust’s President and CEO John Gonner recently interviewed with CUbroadcast’s Mike Lawson about why more bank owners are turning to credit unions as potential buyers, as well as how to ensure a bank/credit union merger is...

IOWA –Serve Credit Union, a financial cooperative based in central Iowa, and First Community Trust, N.A. (FCT), based in Dubuque, announced a new partnership to offer trust services, investment management and retirement services to its members. FCT services include...

FCT Executive Vice President & CFO, Paul Kronlage was recently awarded the Outstanding Volunteer Fundraiser award from the Association of Fundraising Professionals (AFP) Greater Tri-State Chapter. Paul has been involved in many non-profit organizations throughout...

Quad Cities Area Leader to Join Board IOWA – First Community Trust, N.A. (FCT), a nationally-chartered trust company headquartered in Dubuque, recently announced the addition of Ascentra Credit Union President and Chief Executive Officer Linda Andry to its 10-member...

Pre-funded Employee Benefit Accounts can help Mitigate Rising Costs IOWA – As benefit renewal season approaches, employers face another year of escalating premium costs. Employee benefits like healthcare are critical for attracting and retaining a quality workforce...