Enjoy The Holidays Without Debt

holiday shopping

When Maureen started her first job around 1950 or so, she didn’t have a 401(k), but she did have a Christmas club. Every paycheck showed a deduction for her Christmas club savings account, an account she emptied each December to buy gifts for her family and friends. She tells the story about her Christmas club …

5 Reasons to Shop Local & Eat Local This Holiday Season

Shop Small Businesses

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 …

Promotion of Jane E. Allerman-Rey to Bank President

Jane

Spencer Savings Bank is pleased to announce the promotion of Jane E. Allerman-Rey to bank president. With the unanimous support of the Bank’s Board of Directors, Ms. Allerman-Rey, who presently serves as First Executive Vice President and Chief Operating Officer, will be promoted to President, effective January 1, 2021. She assumed the responsibilities of president …

8 Tips to Protect Your Identity

protect your identity photo

Identity theft continues to be one of the fastest growing crimes in the United States. In 2018, there were 14.4 million victims of identity fraud in the U.S., according to Javelin Strategy and Research. Follow these tips to keep your information – and your money – safe. 1. Don’t share your secrets. Don’t provide your …

12 Ways to Protect Your Mobile Device

Protect mobile phone photo

Your mobile device provides convenient access to your email, bank and social media accounts. Unfortunately, it can potentially provide the same convenient access for criminals. Follow these tips to keep your information – and your money – safe. 1. Use the passcode lock on your smartphone and other devices. This will make it more difficult …

8 Tips for Protecting Yourself Online

Protect yourself photo

Every year, millions of consumers fall victim to cybercrime. According to the 2018 Norton Cyber Security Insights Report, 152 million U.S. consumers were victims of cybercrime – more than half of the country’s adult online population – with losses totaling over $11.5 billion. Follow these tips to help keep your information safe online: 1. Keep …

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. …