Bank · FDIC insured
Spencer Savings Bank
A $4B bank, the 327th largest of 4,207, headquartered in Elmwood Park, NJ, with 28 branches in New Jersey. Best rates: CDs 3.85% and savings 2.90% APY.
Spencer Savings Bank Carrot Score
80
Carrot Score
Higher than 52% of U.S. banks and credit unions
#76 of 161 in New York, NY-NJ metroHow the score works →
Deposits are federally insured by the FDIC up to $250,000 per depositor.
About Spencer Savings Bank
Spencer Savings Bank is a community bank headquartered in Elmwood Park, New Jersey, operating 27 Financial Centers throughout the state.
- Headquarters
- 611 River Dr, Elmwood Park, NJ 07407
- FDIC certificate
- 30076 ↗
Branches
28 branches in New Jersey
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New Jersey
28 branches
New York area · 27
- Spencer Savings Bank, SLAMain office611 River Dr, Elmwood Park, NJ 07407Directions
- Town Centre Branch1 Towne Ctr, Cliffside Park, NJ 07010Directions
- 437 Piaget Ave Branch437 Piaget Ave, Clifton, NJ 07011Directions
- Van Houten Ave Branch920 Van Houten Ave, Clifton, NJ 07013Directions
- Cranford Branch213 South Ave E, Cranford, NJ 07016Directions
- Cresskill Branch Office6 Madison Ave # 20, Cresskill, NJ 07626Directions
- Dumont Branch562 Washington Ave, Dumont, NJ 07628Directions
- Edgewater Branch2 Pembroke Pl, Edgewater, NJ 07020Directions
- Edison Financial Center Branch3900 Park Avenue, Edison, NJ 08820Directions
- 618 Bayway Ave Branch618 Bayway Ave, Elizabeth, NJ 07202Directions
- Elmwood Park Branch680 River Dr, Elmwood Park, NJ 07407Directions
- 104 Passaic St Branch104 Passaic St, Garfield, NJ 07026Directions
- Outwater Ln Branch34 Outwater Ln, Garfield, NJ 07026Directions
- Hackensack Branch240 Essex St, Hackensack, NJ 07601Directions
- 107 South Main Street Branch107 S Main St, Lodi, NJ 07644Directions
- Lyndhurst Branch230 Ridge Rd, Lyndhurst, NJ 07071Directions
- Nutley Branch375 Franklin Ave, Nutley, NJ 07110Directions
- Paramus Branch242 Oradell Ave, Paramus, NJ 07652Directions
- Parsippany Branch1699 Littleton Rd, Parsippany, NJ 07054Directions
- 140 Market Street Branch140 Market St, Saddle Brook, NJ 07663Directions
- 487 Market St Branch487 Market St, Saddle Brook, NJ 07663Directions
- Union Financial Center Branch Office1350 Galloping Hill Rd Spc 2, Union, NJ 07083Directions
- 219 Maple Ave Branch219 Maple Ave, Wallington, NJ 07057Directions
- Hamburg Turnpike Branch183 Hamburg Tpke, Wayne, NJ 07470Directions
- West Caldwell Financial Center Branch810 Bloomfield Avenue, West Caldwell, NJ 07006Directions
- Westfield Branch240 North Ave W # 244, Westfield, NJ 07090Directions
- Wood Ridge Branch177 Valley Blvd, Wood-Ridge, NJ 07075Directions
Trenton area · 1
- Ewing Branch200 Campus Town Cir, Ewing, NJ 08638Directions
Walk-in offices from the FDIC directory as of September 4, 2026. Directions open Google Maps. A nearby branch doesn’t mean you can join or open an account.
Financial details
| Measure | This bank | Peers’ middle | Strongest quarter |
|---|---|---|---|
| CapitalLeverage ratio | 11.23% | 10.49% | 11.89% or more |
| Troubled loansNoncurrent | 0.58% | 0.52% | 0.23% or less |
| ProfitabilityReturn on assets | 0.63% | 1.25% | 1.62% or more |
| LendingLoans per $100 deposited | $108 | $88 | — |
- CapitalLeverage ratio11.23%Peers’ middle 10.49% · Top 25% 11.89%+
- Troubled loansNoncurrent0.58%Peers’ middle 0.52% · Top 25% ≤0.23%
- ProfitabilityReturn on assets0.63%Peers’ middle 1.25% · Top 25% 1.62%+
- LendingLoans per $100 deposited$108Peers’ middle $88
Compared with the 897 banks with $1 billion to $10 billion in assets. The strongest quarter is what the best 25% of them reach: more capital and profit, fewer troubled loans. Lending has no better end.Troubled loans are noncurrent: 90 or more days late, or no longer earning interest.
Regulators’ own ratings of Spencer Savings Bank are confidential. These figures are what it reports to the FDIC each quarter, set beside its peers; they aren’t a rating.