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 …
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 …
Linda Percoco, a Spencer business customer, is a self-made, ambitious, successful businesswoman who started her own company in 2004, Max Title Agency in Livingston, N.J. She’s proved you don’t have to be a young entrepreneur and made it before the age of 30. At 50 she launched her business, proving sometimes second acts can be …
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 …
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 …
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, …
Spencer Savings Bank held its annual Toy Drive, in December, with all of the Spencer locations collecting toys from employees and customers. On December 20th, the Spencer Santa and his elves were hard at work, visiting the children at the Paterson Family Center to deliver the surprises! This is a division of the New Jersey …
This month, the nation celebrated “Giving Tuesday”, a global generosity movement unleashing the power of people and organizations to transform their communities and the world. It is a day that inspires and encourages people to give, collaborate and celebrate generosity. The holidays are a great time for this, though that sentiment is often easily lost …
With the holidays upon us, shopping for loved ones has already started. Holiday spending, this year, is expected to rise 5%. This will amount to more than $1.1 trillion during the retail sector’s most lucrative and important season. Around 53% of all holiday shopping is expected to be done digitally, with 20% of purchases expected …
Spencer Savings Bank recently partnered with Habitat for Humanity to help provide a “Hand Up” to community members looking to achieve their home ownership dreams. The organization is dedicated to improving the lives and communities by providing decent and affordable homes for hard-working families. The bank made a $6,500 donation to the Paterson, Bergen, Morris, …