Letters to Our Heroes

Thank You

Not all heroes wear capes and have super powers. Some heroes are real. Some heroes wear scrubs and other uniforms. They help people in desperate need. Join us in thanking our local community heroes for working hard on the front-lines fighting the COVID-19 pandemic. Every day we are grateful for all the amazing doctors, nurses …

Coronavirus Update – Revised Financial Center Hours

clock

Spencer Savings Bank is committed to the safety, health and well-being of its customers and employees. As the country continues to deal with the impact of the Coronavirus (COVID-19), we want to take a moment to assure the community that we are closely monitoring the situation which is continuously evolving. Please know that as a …

FBI Sees Rise in Fraud Schemes Related to the Coronavirus (Covid-19) Pandemic

Fraud Computer Hacking

Scammers are leveraging the COVID-19 pandemic to steal your money, your personal information, or both. Don’t let them. Protect yourself and do your research before clicking on links purporting to provide information on the virus, donating to a charity online or through social media, contributing to a crowdfunding campaign, purchasing products online, or giving up …

Spencer Helps Eva’s Village Coach Its Job Seeking Community

Mock Job Fair

We recently spent the morning in Paterson helping Eva’s Village coach its job seeking community with participation in a mock job fair. Employees, posing as hiring managers, interviewed clients and provided feedback on both interviewing skills and resume writing. Patricia Gallagher, CEO of the Garfield YMCA, also joined the team for the event. The mock …

Save For Retirement While Enjoying Tax Benefits

Elderly Couple at beach

Retirement savings seems complicated, but it doesn’t have to be. Opening an IRA (Individual Retirement Account) and contributing to it regularly can create a secure retirement scenario for your future. There are two types of IRAs, Traditional and Roth, and with both options money contributed grows on a tax-deferred basis. For 2019, you can make …

Carmen Rivera Honored With Groundwork Elizabeth Award

Carmen Rivera Award

We are excited to announce that Carmen Rivera, Vice President and Market Manager, was recently honored with the “Outstanding Conservation Partner Award” by Groundwork Elizabeth. The presentation took place on February 19th at the Hilton Newark Airport Hotel in Elizabeth, during the organization’s Winter-Green Gala. “I’ve known Carmen for over a decade and she is …

10 Financial Resolutions to Make This Year the Best One Yet

2020 goals

The beginning of the year is the perfect time to reflect on your finances, from how much you earn and how you are doing in your career to where you invest and how easy (or hard) it is to save. With the start of the new year, it is time to make the resolutions that …

7 Ways to Help Your Business Grow Faster

scale businessman

At some point in your company’s evolution, you may realize that it isn’t growing as robustly as you would like it to. If your business has been growing more slowly than you would like, there are ideas that you can use to speed up growth. What follows are 7 ideas. Streamline your business Growth and …

Spencer Welcomes Sid Vaidya as C&I Relationship Manager and Vice President

Sid Vidaya

We recently announced the expansion of our Commercial and Industrial Lending team with the addition of a new lending expert to meet the growing demands of the division. The team is excited to welcome Vice President Sid Vaidya as C&I Relationship Manager. With over a decade of strong experience working in the commercial lending industry, …