Spencer Wins Editor’s Choice Award for Community CommitmentJuly 25, 2019

Editors Choice

Spencer was excited to recently be honored with the Editor’s Choice Award for Community Commitment by cardrates.com. It’s always nice to be recognized for the work you do! We thank them for the kind words and for acknowledging our strong commitment to helping New Jersey communities thrive! Please click here to view the article.

Ways to Consolidate DebtJuly 25, 2019

Pay off debt

If you feel like you are struggling with debt, you’re not alone. You have likely heard that you should try to consolidate your debt. Debt consolidation is a financial strategy that merges multiple bills into a single debt to reduce interest payments and save you money. The option that best suits your needs will depend …

Achieving More Financial FreedomJuly 22, 2019

Achieveing more financial freedom

In July we celebrate our nation’s independence. Independence is a great thing to celebrate and fight for. This month, we examine how financial independence can be something you declare! The secret to financial freedom is sound wealth creation strategies: maximizing your assets, decreasing your liabilities, and making your main priority to get debt free. Your …

Spencer Awards $25,000 in Scholarships To Local StudentsJuly 3, 2019

Scholarship Ceremony

Spencer Savings Bank recently awarded $25,000 in scholarships to high school and middle school students from 33 local schools in Bergen, Passaic, Union, Mercer, Morris and Essex counties. The awards were distributed at the bank’s annual scholarship ceremony on June 26, 2019. To date over $400,000 has been awarded, since the program first started in …

7 Essential Steps to Prepare Your Investment Property for RentalJune 24, 2019

For Rent

As a real estate investor, a vacant property means you’re losing money. But the downtime between tenants can serve a valuable purpose. If you use it to keep your property in top condition, you’ll find new tenants more quickly and therefore keep your vacancy losses to a minimum. Here are seven things that should be …

Jose B. Guerrero honored as Grand Marshal of Garfield Memorial Day ParadeJune 10, 2019

Garfield Memorial Day Parade

Jose B. Guerrero, Chairman, President and CEO of Spencer Savings Bank, was recently honored as the Grand Marshal of the 2019 Garfield Memorial Day Parade. A team of Spencer employees, family and friends came out to celebrate, remember and honor those who served our great nation. “Mr. Guerrero’s contributions to our community in his many …

Celebrating National Small Business WeekMay 21, 2019

Small Business Week 2019

In celebration of National Small Business Week (May 5 – May 11), we sat down with a Spencer business customer to hear about his story – his start in business and road to success. Mukesh “Mike” Papaiya, a Spencer customer since 2003, is an experienced and successful businessman operating numerous business entities: a tobacco distribution …

9 Money-Safe Tips for Your Next VacationMay 17, 2019

9 Money Safe Tips

Going on vacation is not an inexpensive proposition, so it is important to keep your traveling money safe. It is easy to let your guard down when on vacation, but doing so could open you up to theft, hacking and other crimes. If you want to stay safe and enjoy your favorite destination, just follow …