7 Ways to Give Back to Your Community During a Pandemic

Woman With Mask

During a pandemic, your local community needs your help more than ever. If your workplace has shut down and you are now stuck at home every day, you can use your excess time to give back to your community. Whether you want to volunteer directly or provide money to an essential nonprofit association, there are …

Letters to Our Heroes

Thank You

Not all heroes wear capes and have super powers. Some heroes are real. Some heroes wear scrubs and other uniforms. They help people in desperate need. Join us in thanking our local community heroes for working hard on the front-lines fighting the COVID-19 pandemic. Every day we are grateful for all the amazing doctors, nurses …

Coronavirus Update – Revised Financial Center Hours

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Spencer Savings Bank is committed to the safety, health and well-being of its customers and employees. As the country continues to deal with the impact of the Coronavirus (COVID-19), we want to take a moment to assure the community that we are closely monitoring the situation which is continuously evolving. Please know that as a …

FBI Sees Rise in Fraud Schemes Related to the Coronavirus (Covid-19) Pandemic

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 …

Spencer Helps Eva’s Village Coach Its Job Seeking Community

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 Benefits

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 Award

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 Meeting

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 Day

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 …