News & Resources
Renee Gorman To Retire July 14
FCT Trust Operations Officer Renee Gorman has announced her plans to retire on July 14th. Renee has been an integral part of the FCT team for many years. She brought decades of experience working in the trust industry. Prior to joining FCT in 2017, Renee worked at...
Impact of Bank Failures on Consumers
As first seen on CUInsight.com By John J. Gonner, CFA, President & CEO and Chief Investment Officer The U.S. economy received a shock on March 10th when Silicon Valley Bank collapsed. Two days later Signature Bank also failed. At the time these were the second and...
Four Ways the Secure Act will Impact Your Retirement Planning
The SECURE 2.0 Act was signed into law last year and contains retirement-related provisions that go into effect this year, altering the way Americans can save and withdraw money from retirement accounts. These changes come at a time when Americans are facing...
Stocks and bonds should perform better in 2023
As first seen on biztimes.biz. By: John Gonner, President & CEO and Chief Investment Officer There is no doubt, 2022 was a bad year for investment returns. It was especially bad because while stocks entered a bear market (down more than 20%) bonds also were having...
First Community Trust, N.A. Promotes Kathleen Donnelly and Jim Liddle to Executive Vice Presidents
Dubuque, IOWA –First Community Trust, N.A. (FCT), a nationally-chartered trust company headquartered in Dubuque, announced the promotions of Kathleen Donnelly and Jim Liddle to executive vice presidents. As executive vice presidents, Donnelly and Liddle will be a part...
Is it or isn’t it a recession?
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...
Inflation is Putting Pressure on the Economy
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...
Charitable Donation Accounts can Help Credit Unions Continue to Give During Uncertain Times
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...
Diane Derifield Announces Plans to Retire
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...
The markets have a ‘real’ problem
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...