Stay Vigilant Against Check Fraud

a person writing on a checkbook

Scammers are becoming increasingly creative with thefts and scams—targeting checks or images of checks to make unauthorized purchases or withdrawals. Although postal workers across the country do their best to keep your mail safe, the United States Postal Inspection Service recovers more than $1 Billion in fraudulent checks and money orders each year, according to …

Spencer Savings Bank Helps Combat Food Insecurity for Valentine’s Day

Community Foodbank Photo

Spencer Savings Bank spent Valentine’s Day volunteering for a “Day of Love and Compassion” at the Community FoodBank of New Jersey (CFBNJ). Spencer employees teamed up with other bankers at the Hillside, New Jersey warehouse to participate in a volunteer day, which was part of the 1 Million Meals Campaign initiative led by NJBankers. “Valentine’s …

Preventing Elder Financial Abuse

elder abuse

Elder financial abuse robs older Americans of billions of dollars in money, property and other assets every year. As those safeguarding their customers’ finances, community bankers are key watchdogs for monitoring and preventing this abuse. As relationship lenders and financial first responders, community banks are in a unique position to help shield our elderly customers …

Promotion of Mercedes Pedrick To SVP and Director of Home Finance

Mercedes Pedrick

Spencer Savings Bank is pleased to announce the promotion of Mercedes Pedrick to Senior Vice President and Director of Home Finance. Mercedes has assumed leadership of the newly formed Home Finance group, which provides financing on all 1-4 family properties. “We are pleased to announce the promotion of Mercedes M. Pedrick to Senior Vice President …

5 Reasons to Shop Local & Eat Local This Holiday Season

Jula Coffee

The holiday season is here and there is no better year than this one to shop local and eat local. Whether you have a huge family to buy for or plan to purchase presents for just a few friends, the money you spend will make a real difference. Businesses in our local community have had …

JOIN US! Pet Adoption Day on Sunday, October 9th

pet day

Join us for our second Pet Adoption Day and adopt a new furry friend. Our rescue groups will be bringing their pets to our Elmwood Park Financial Center parking lot (680 River Drive) to find their new paw-rents and fur-ever home! The event will take place from 11am to 3pm. Guests will also enjoy free …

Hispanic Heritage Month: Business Customer Spotlight

celebrating hispanic heritage month

Emily Schneider, Owner of Ben Tire, Linden, NJ Emily Schneider was born in Costa Rica and came to the US at 12 years old. After attending high school, she began working with her mother, a business owner. Today, she is owner of Ben Tire, a successful wholesale and transport tire company in Linden, NJ. The …

Spencer Savings Bank Awards $30,000 in Scholarships to Local Students

2022 Scholarships

Spencer Savings Bank is pleased to announce that it has awarded $30,000 in scholarships to high school and middle school graduating students in Bergen, Passaic, Union, Mercer, Morris, and Essex counties. The bank has awarded almost $600,000 in scholarships to local students, since 2002. “We are very proud to continue our annual scholarship program that …

Spencer Donates $100,000 to Ukraine Relief Efforts

red cross donation

Spencer Savings Bank, a leading New Jersey-based community bank, is donating $100,000 to support humanitarian relief efforts in Ukraine. In addition to this, the bank also held a successful supply drive to support Ukrainian refugees, collecting more than 10 vehicles loaded with hygiene items and vital supplies and then spending the day volunteering at a …