Spencer Savings Bank Receives NJBankers’ 2019 Community Service Award

NJ Bankers

Spencer Savings Bank is pleased to announce that it was recently awarded with the NJ Bankers’ 2019 Community Service Award for its community service work. The Community Service Award Project, sponsored by NJBankers, is an annual program held to both celebrate the community work of members and share these efforts with representatives of New Jersey’s …

Five Ways to Upgrade Your Home Using Your Tax Refund

Home Improvement

A tax refund can act as a very welcome bonus. One of the best ways to spend your tax refund is by making improvements to your home. Home projects can raise the value of your home and improve its aesthetics and functionality. Below are five of the best home renovations to spend your tax refund …

Spencer Savings Bank Inks $22 Million Loan Deal for Global Manufacturing Company

22 Million Loan banner

Spencer Savings Bank recently closed on a $22 million loan for a global manufacturing company headquartered in New York City. The deal is the bank’s largest single transaction in history, signaling a continued appetite for growth and the desire for borrowers to work with a community bank. “We were delighted to have the opportunity to …

“Warm Up This Winter” Drive For Bridges Outreach Nonprofit

Bridges Outreach Collection

Spencer Savings Bank recently hosted a “Warm Up This Winter” drive in support of Bridges Outreach, a non-profit organization headquartered in Union County. The bank and employees donated hundreds of new socks, gloves, hats and scarves to help keep their clients nice and warm this winter season. Contactless shopping was done with items purchased at …

Protect Your Future With The Right IRA Account

retirement ira accounts

Tax season commenced on February 12th, and the IRS has begun accepting and processing 2020 tax year returns. There are ways to help you save on your taxes and funding an IRA (Individual Retirement Account) is one of them. An IRA is a personal account, meaning that you do not need an employer to open …

How To Spot And Avoid Online Dating Scams

Romance Scam

February is the time to celebrate love. Many people turn to online dating sites in the hopes of finding love. In 2019, there were over 30 million online dating users in the United States. Scammers know millions of people use online dating sites. They are on there as well and ready to steal your money. …

Announcement of 2021 Annual Meeting Results, Welcomes New Board Members

Annual Meeting 2021

Spencer Savings Bank, a leading New Jersey-based community bank, announced that its 2021 Annual Meeting was held on Thursday, January 21, 2021. At the meeting, Peter J. Hayes was re-elected to the bank’s Board of Directors, for a term of three years. The bank also welcomed two new board members. Thomas J. Duch was elected …

Kinga Mikos Appointed to Vice President, Director of Retail Administration

Kinga Mikos

Spencer Savings Bank is pleased to announce the promotion of Kinga Mikos to the position of Vice President and Director of Retail Administration. Mikos will be responsible for leading and managing the Deposit Operations and Retail Service departments at the bank. Mikos brings over two decades of Deposit Operations, Project Management, New Product Development and …

Consolidate Your Old 401K Plan Into An IRA

Retirement 401K sign

For many workers, a 401(k) plan provides the best opportunity for retirement savings but keeping track of those plans can be difficult. Changing jobs is a fact of modern life and switching employers can be a great way to keep your career moving forward. If you have changed jobs along the way, you may have …

9 Signs That You Are Financially Literate

Personal Finances

Financial literacy is the possession of skills that allows people to make smart decisions with their money. Part of being financially literate is not only understanding the facts about money but also taking the right steps that can lead to the right financial outcomes. If you haven’t achieved full financial literacy yet, don’t worry. Tackle …