The days of easy credit seem to be over. People are finding it harder to get that loan for the family vacation or the addition over the garage, or their child's college fund. Where just a couple of years ago, banks were practically knocking on peoples doors inviting them to apply for a loan, these days many folks are intimidated even to approach a bank for a loan. But while the major national banks have tightened their belts when it comes to lending money, Local Personal Financing is going strong. Local Personal Financing means borrowing from your local savings institution. Most community banks did not invest heavily in the mortgage-backed derivatives that forced so many of the larger banks and investment firms into near financial ruin. Local community banks by their nature specialize in the kind of Local Personal Financing that supports the communities they serve. They aren't investing in unknown entities scattered across the globe. Because the loans they make are local, community banks have a greater assurance that the money they lend will be paid back. This conservative approach means that most community banks are financially sound. It also means they are happy to lend to the local community. After all, many of the people who work at community banks are your neighbors and Local Personal Financing is why they are in business.