Spencer Savings Bank recently celebrated Financial Literacy Month with almost 300 students across various schools in New Jersey. Bank employees participated in “Teach Children To Save Day” events and taught fifth and sixth grade students lesson plans on the importance of saving and other money management skills. As part of National Financial Literacy Month, April …
No matter who you are or where you live, chances are the roof over your head is the most expensive thing you own. According to Zillow, the median home value in New Jersey is $326,300. New Jersey home values have gone up 5.0% over the past year. It is no wonder this asset is the …
Spencer Savings Bank recently made a $7,500 donation to CBHCare, in support of mental health services in its community. The nonprofit organization, celebrating its 50th Anniversary, is the leader in behavioral health care services for New Jersey and Bergen County, offering compassionate and mental health services to thousands in Northern New Jersey. “There continues to …
Spencer Savings Bank recently made a $30,000 donation to benefit those who suffered through the Marcal Paper Plant fire tragedy. The historic New Jersey paper plant was largely destroyed by a devastating fire on January 30, 2019. A $25,000 donation was made to the Marcal employees affected by the fire and $5,000 was also donated …
Spencer Savings Bank has raised $18,633 for Special Olympics New Jersey, with its 8th year participation in the New York Football Giants Snow Bowl. The bank continues to be one of the strongest supporters of the organization, coming in as the 2nd highest fundraising team overall, continuing its streak of being one of the top …
March is Women’s History Month and to celebrate, we’re sharing a recent article published in the Financial Managers Society on women in the C-Suite, featuring Spencer’s First Executive Vice President and Chief Operating Officer Jane Rey. Jane, who recently received an award from NJBankers to mark her 25 years of service in the banking industry, …
Spring is officially here and with that comes the start of the home buying season! Buying a new home is an exciting experience, but it can be a nightmare if you make common first-time buyer mistakes. Not being informed on how a home purchase is conducted can lead to costly mistakes. The first error, many …
Spencer Savings Bank is pleased to welcome its newest member to the executive management team, Steven M. Fusco, as Executive Vice President and Chief Financial Officer. Fusco will be responsible for the overall management of Spencer’s Finance Division, including the areas of accounting, treasury, financial reporting as well as financial planning and analysis. He will …
Spencer Savings Bank, a community bank headquartered in Elmwood Park, N.J., recently partnered up with Eva’s Village to empower, mentor and prepare Eva’s Village clients for job success. The Paterson-based nonprofit works to break the cycle of poverty and addiction through a unique and integrated approach. The volunteer-driven Workforce Development Program equips clients at Eva’s …
There are so many things college students need to learn and one of the most important topics, actually used every day, is financial management. A big part of our adult lives revolves around finances and with that comes learning to handle credit responsibly. So much of our life is affected by credit. While some parents …