Coronavirus Update – Revised Financial Center HoursMarch 30, 2020

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Spencer Savings Bank is committed to the safety, health and well-being of its employees and customers. We continue to monitor the COVID-19 situation which is continuously evolving. Please know that as a critical part of the nation’s economy, banks play an essential role and it is our mission to continue to service our customers. We …

FBI Sees Rise in Fraud Schemes Related to the Coronavirus (Covid-19) PandemicMarch 30, 2020

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 …

FDIC Says Insured Bank Deposits Are SafeMarch 30, 2020

FDIC Insurance Pig

The FDIC (Federal Deposit Insurance Corporation) recently sent out a press release in which they state that in light of recent developments related to the coronavirus, the Federal Deposit Insurance Corporation (FDIC) is reminding Americans that FDIC-insured banks remain the safest place to keep their money. Since 1933, no depositor has ever lost a penny …

Spencer Helps Eva’s Village Coach Its Job Seeking CommunityMarch 9, 2020

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 BenefitsFebruary 26, 2020

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 AwardFebruary 25, 2020

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 …

2020 Annual MeetingJanuary 28, 2020

Nicholas Lorusso and Barry Minkin standing next to each other in black suits, with red ties.

Spencer Savings Bank has announced the re-election of Nicholas Lorusso and Barry Minkin to the bank’s Board of Directors, for a term of three years. The election was announced at its Annual Meeting, held at the Royal Manor in Garfield, on January 23, 2020. “Spencer is pleased to announce the re-election of Mr. Lorusso and …

Celebrate National Cut Your Energy Costs DayJanuary 24, 2020

Woman waving money and looking up. Having an environmentally friendly idea with an energy saving flourescent light bulb floating above her head.

We all know that energy costs can be expensive. January 10th was National Cut your Energy Costs Day. To celebrate, we’ve compiled some tips you may want to follow to help you save some extra money monthly by trimming your utility bills. Installing Smart Thermostats A smart thermostat is a temperature control device that allows …