Spencer Savings Bank Donates $7,000 To Habitat For Humanity

Habitat for Humanity

Spencer Savings Bank is pleased to announce it has donated $7,000 to Habitat for Humanity to help build communities and fulfill dreams of home ownership in New Jersey. The donations were made to Paterson Habitat for Humanity as well as Habitat for Humanity in Morris, Bergen, Union and Essex counties. The nonprofit organization helps families …

How To Use A Home Equity Loan For Home Improvement

Home Equity Loan for Home Improvement

Outdated finishes, flooring or carpet that has seen better days, a bathroom and kitchen that are original to the home, built decades ago. Does this sound like your home? If you own your home and don’t have the cash to update it, a home equity loan for home improvement may be the solution for you. …

Hygiene For Humanity Drive For Needy Community Members

Hygiene for Humanity Drive

Spencer Savings Bank recently hosted a Hygiene for Humanity drive where almost 100 items were collected for the nonprofit Eva’s Village in Paterson, N.J. To comply with social distancing rules and everyone’s safety, the drive was hosted virtually through an Amazon Wish List. Employees selected items off the list and shipped them directly to Eva’s …

Help The Young Person In Your Life Build A Path to Financial Success

money and financial success

Financial education starts early in life. Young people who develop good financial habits early in life are much more likely to keep those habits all their lives. If you have young people in your life and under your roof, you have a golden opportunity to change their financial lives for the future. Here are a …

Spencer Savings Bank Awards Almost $25,000 in Scholarships To Local Students

Scholarships To Local Students

Spencer Savings Bank was pleased to continue its scholarship program this year and award almost $25,000 in scholarships to both high school and middle school students throughout New Jersey. The scholarships will help families in New Jersey pay for their child’s education. Students were selected, by their school, for high academic achievement and community service …

Online Back To School Supply Drive Collects 300 Items For Families In Need

Jersey Cares Back to School Drive

Spencer Savings Bank recently hosted an online school supply drive, collecting and donating about 300 items to Jersey Cares for families in need. The nonprofit works with dozens of schools, children’s shelters and community centers to ensure that children have the basic necessities needed for the start of the school year. Both customers and employees …

How Effective Cash Management Services Can Make A Difference During This Tough Time

cash management suite

Managing cash flow, bill payments, invoicing, and disbursements for your small business during COVID-19 can be made easier with the right cash management and online banking tools. Cash management can be complicated and difficult for a small business, especially during times of crisis. As consumers and businesses face challenges, the need for flexibility is as …

Maintaining PPP Loan Records to Maximize Forgiveness

Paycheck Protection Program

One of the most compelling aspects of the Paycheck Protection Program (PPP), enacted as part of the 2020 CARES (Coronavirus Aid, Relief, and Economic Security) Act, is the potential forgiveness of all or part of the loans designed to maintain small business employment during the height of the pandemic. Payment Protection Plan loans to small …

Spending Summer Close to Home: How to Make the Most of It

Vacation Club Savings

Due to the pandemic, many Americans are cancelling their vacations this summer and choosing to stay home instead. The loss of your traditional summer vacation may seem like a big deal, but with the right attitude you can learn to make the most of it. You do not have to go far to enjoy your …