New Jersey is among the most expensive states in the country for renters, with the median rent price reaching $1,284 in 2017, according to the Census ACS survey. Community Access Unlimited assists people with special needs with affordable, accessible housing. Last week, CAU accepted a $3,000 grant from Spencer Savings Bank that will support its …
Greetings Spencer Family, There has been a lot of exciting news lately at Spencer! I’m proud to announce that we’ve had the opportunity to promote over 30 employees, these last few months. We’re restructuring, growing and thriving. Growth and change is always good, and needed, to keep up with the times. Please join us in …
If you longed to get away this summer but simply couldn’t afford it, you are not alone. The price of travel has risen sharply in recent years with higher airfares, more expensive hotel rooms and increased prices for fuel and ground transportation. However, there are still plenty of ways to save money no matter what …
August is National Back To School month. A time when summer starts to wind down and parents, teachers, schools and students get ready for a season of education. Many parents will be sending their children off to college. As you know, college students often live on a tight budget. Take these last few weeks to …
Spencer Savings Bank recently hosted a school supply drive to support the Center For Food Action in Saddle Brook. For almost a month, the bank collected school supplies for local children, including binders, pencils, notebooks, backpacks and more. Spencer employees recently visited the center to drop off the supplies and meet with some of the …
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.
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 …
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 Savings Bank is pleased to welcome its newest member to the leadership team, Juan H. Oelofse, as Senior Vice President and Director of Commercial and Industrial Lending. Oelofse will be responsible for managing and directing the activities of the bank’s Commercial & Industrial Lending department which specializes in financing business working capital needs, owner-occupied …
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 …