Spending and Saving Throughout the Holiday Season

According to the National Retail Federation’s annual Holiday Spending Survey, three main categories make up the bulk of spending: $608.06 for gifts; $218.08 for items such as food, decorations, flowers and greeting cards; and $140.99 for other non-gift items consumers buy for themselves and their families. Here are some resources and suggestions that may help you navigate common economic pitfalls this season and thrive in the New Year!

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Shopping (In Store)

No matter where you are doing your shopping, whenever possible, make and bring a list! It’s not foolproof, but doing a little legwork ahead of time, like price comparing, will give you a better chance of navigating the aisles without getting too distracted or giving into impulse purchases. This might end up saving you time and money — a win-win! If you do give into temptation and realize later it was a bad idea, that’s what receipts are for.

Shopping (Online)

Consider using price comparison apps and websites like Google Shopping, which tops this list of the 15 most popular comparison shopping websites. Also, carve out some time to take a look at coupon websites like RetailMeNot and Coupons, as well as Groupon, LivingSocial which are designed help you find local coupons and deals. Always shop local when you can! It’s one of the best ways to help support your community. Lucky for Northern New Jersey residents, between major shopping centers like the Garden State Plaza and Willowbrook Mall, and myriad retail plazas and standalone shops across Bergen, Essex, Hudson, Morris, and Passaic counties and neighboring areas, there’s no shortage of local holiday shopping options! Remember to always take steps to protect yourself when shopping online.

Entertaining

If you’re hosting a holiday meal, keep an eye on local circulars and particularly the Sunday papers, which generally have inserts full of coupons. Grocery stores often include coupons in their own inserts prior to the start of each week. If you frequent a particular supermarket, find out if there are seasonal spending incentives where you can earn a free ham, turkey or other common food staples around this time.

If it’s feasible for your guests, consider a potluck meal, or BYOB to keep costs down a bit. This is also a nice way to incorporate variety, and satisfies those who want to contribute something. Click here for more tips to help save on holiday meals.

Fun and festive doesn’t necessarily require big spending. Game nights are a great way for everyone to enjoy themselves and each other. Heads Up, Speak Out, and Pie Face are just a few examples of popular family-friendly games that won’t break (or even dent) the bank. Weather-permitting, a game of touch football is a nice way to work off some calories between dinner and dessert, and if there’s snow, grab a sled and hit the hills! Local tip: Bergen Mama put together this list of the best sledding hills in Bergen County!

The Aftermath

It’s almost inevitable that you or someone in your family will need to return a gift for one reason or another. In this case, there are a few options:

Return

Many retailers offer at least a two-week extension (into mid-January) for holiday returns, if not longer, but some may require a receipt or only offer site or store credit. Here are the holiday return policies at some popular stores.

Re-gift

If the point of giving a gift is for the recipient to enjoy it, does it matter where the gift comes from? According to the 2015 American Express Spending and Saving Tracker, 76% of those surveyed found re-gifting socially acceptable and 57% claimed they would likely re-gift that season. Done properly and thoughtfully, re-gifting doesn’t have to be taboo; after all, haven’t we all received things that were great, just not great for us?

Resell

If you’re comfortable with online technology, consider selling unwanted or unneeded items on eBay, OfferUp, and LetGo; shoes or clothing can be sold through sites like Poshmark or thredUP; even unwanted gift cards can be exchanged for others or cash through sites like Gift Card Granny. Once again, protecting yourself and your identity should always be your top priority when buying or selling online. Take the necessary precautions, like these, and use good judgment!

Season of Giving

John Wesley said, “Make all you can, save all you can, give all you can.” It’s good advice! Giving doesn’t have to begin and end with money. If you are in a position to be able to spare any non-perishable food, those in need of assistance are never too far. You can help fellow neighbors in need by dropping it off to a local food pantry, like our friends at the Office of Concern Food Pantry at St Cecilia’s Church. The Pantry provides food assistance to more than 800 families in Englewood and surrounding Bergen County communities.

At the end of the day, the holidays are a time to enjoy with the people you care about. Don’t let financial stress get in the way of that! This year, give yourself the gift of time. Plan ahead and set yourself up for a successful and enjoyable holiday next year by opening a Universal Club Account now. It features a structured savings plan designed to help you save for special occasions like the holidays. As always, our Branch Associates are available to offer guidance to help you reach your financial goals, both short- and long-term.

Have your own tip that helps you out around this time of year? We’d love to hear it! Leave a comment here or share them with us on Facebook or Twitter.

To learn more about NVE’s products and services, visit our website. You can also speak with one of our Branch Associates by visiting your convenient neighborhood branch, or call us at 1-866-NVE BANK (683-2265).

Sources:

http://bit.ly/2iWsNt0

http://aol.it/2iWyyXH

http://amex.co/2AAeUH0

 

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Should I Renovate or Buy a New Home?

It’s a question many a homeowner has asked him or herself at one point or another: should I remodel or relocate? When you come to that fork in the road, knowing the right questions to address — not only with your trusted financial and real estate experts, but with yourself — is a big part of helping you make the decision that’s right for you. Here are a few to get you started.Remodel-buy-home

Can you make it work?

If you would like to stay in your home, are there things you can do to make it livable, by your standards? If you’ve ever watched HGTV’s Love It or list It, you know that the answer is yes —theoretically. Renovations can be costly, but there is financial assistance available, such as a home equity loan (HELOC) or line of credit.* For a detailed overview of home equity loans vs. HELOCs, read this. In short, a home equity loan — also referred to as a second mortgage — allows a borrower a lump sum of money up front, which he or she must pay back over a fixed term at a locked interest rate. A HELOC is more like a credit card; it provides the borrower with access to a sum of money that he or she can draw from, as needed, for a predetermined time frame.

Is now the right time?

Timing, as they say, is everything. Before you decide whether to move, do your homework (no pun intended). For example, when the time comes, talk to a real estate professional to find out if the town you live is considered a buyer’s or seller’s market. Likewise, identify where you’d like to relocate to (assuming it’s in a different market) and verify the same. Many variables dictate market conditions, but it really comes down to supply and demand. Generally speaking, the real estate market fluctuates throughout the year; there are usually more homes for sale from June through August than any other time of year, making it more of a buyer’s market. The state of the local economy also plays a role; in other words, a town or city with more job availability and growing industries will often be deemed a seller’s market. Alternatively, areas with less robust, or struggling economies would fall into the category of a buyer’s market.

More room or more rooms?

One common reason homeowners are motivated to move is the need for more space. But more space doesn’t always require more rooms. It’s possible that your current home has the potential to be modified to a layout with more usable space, or even an additional room. If not, it may be time to sell.

What are your deal breakers?

Knowing what you don’t want is as important as knowing what you do want. As a homeowner, you’ve probably already figured this out, even if subconsciously. When considering where you want to live, identify your non-negotiables up front. Bad neighbors, low-rated school districts, or a long commute might be on that list. If you can check off too many of these items now, you might want to start looking around. However, you may find more of these red flags in other homes on the market, making your current home not look so bad after all.

Is refinancing an option?

Refinancing at a lower rate may free up funds that will allow you to make game-changing improvements to your home. If the reason you’re considering moving is because you’re having trouble affording you current home, refinancing under more desirable terms could also put you in a more comfortable financial position, allowing you to stay put.

Whether you are buying a new home or refinancing, all mortgages are not created equally and selecting the option that’s right for you is as important as anything else on your checklist. Just as you’ll want to work with a real estate agent who knows the neighborhoods in which you are buying and selling, so should you choose a lender with a finger on the pulse of the local economy. Community banks like NVE are staffed by local, accessible personnel, paving the way to a smooth and hassle-free process from start to finish. Because we know — from 130 years of experience — that there is no one-size-fits-all product, NVE offers a full range of flexible mortgage options at competitive rates. From 7-year, to 15-year, to 25-year mortgages and many more, we’ll help you find what makes the most sense for you. Get the details here!

Visit the NVE website to learn more about our latest promotions, loan options and rates. You can also stop in at any of our convenient neighborhood branches in Bergen County, or call 1-866-NVE BANK (683-2265) to connect with your local branch manager.

*Subject to meeting lender’s qualifications

Sources:

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Are You #CyberAware? Find Out During National Cybersecurity Awareness Month

Every October, a crucial reminder of the ever-increasing importance of Cybersecurity is brought to us via National Cybersecurity Awareness Month (NCSAM) under the leadership of the U.S. Department of Homeland Security and the National Cyber Security Alliance. The program, now in its 14th year, was created “as a collaborative effort between government and industry to ensure every American has the resources they need to stay safer and more secure online.” Here, we’ve toplined each week’s theme below to help make it a little more digestible!

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Simple Steps to Online Safety

The first week’s theme is dedicated to top consumer cyber concerns, steps to protect against them, and what to do if you fall victim to cybercrime. The bottom line is, there are actions everyone can take to protect their online identities and information. The six main steps are:

1) Keep a Clean Machine

2) Protect Your Personal Information

3) Connect with Care

4) Be Web Wise

5) Be a Good Online Citizen

6) Own Your Online Presence.

STOP. THINK. CONNECT.™, the global online safety awareness campaign to help all digital citizens stay safer and more secure online, breaks down each of these steps in a short series of easy-to-follow tips and advice at www.stopthinkconnect.org.

 Cybersecurity in the Workplace is Everyone’s Business

Businesses of all types and sizes can protect themselves, their employees and their customers against cyber threat. For example, organizations such as the National Institute of Standards and Technology Cybersecurity Framework exist as resources to help businesses strengthen their cyber resilience. The National Cyber Security Alliance (NCSA) has established CyberSecure My Business™, a comprehensive national program designed to help businesses learn how to be safer and more secure online. The NCSA has translated the framework for the program into simpler language, and incorporated it into an introductory-level series of in-person, highly interactive workshops, as well as webinars. Ultimately, the framework is broken down into the following steps:

Identify – assess the cybersecurity risks to your organization.

Protect – implement a cybersecurity plan for your business, protect your customers and train your employees to guard against cyber threats.

Detect – awareness of key threats will enable you to employ practices and behaviors that limit your company’s risk.

Respond – if your business has been victimized by a cyber attach, notify the appropriate authorities, work to recoup your losses and ensure attackers are brought to justice.

Recover – make your business more cybersecure by employing the appropriate recovery efforts that follow response to a cyber incident.

Today’s Predictions for Tomorrow’s Internet

Today’s reality is digital, and there’s no sign of change on the horizon. Nearly everything is online or “connected” in one form or another. The third week of this year’s NCSAM celebration was dedicated to reminding citizens that personal information is the data that fuels smart devices. While there are tremendous benefits of this technology, it is critical to understand how to use these cutting-edge innovations in safe and secure ways. While it brings with it many benefits, as with almost anything, misusing it or acting carelessly can — and often does — have consequences. This infographic offers tips on security precautions you and your family can take to connect to the internet responsibly and with more peace of mind.

The Internet Wants YOU: Consider a Career in Cybersecurity

Week four touts the opportunities in the professional field of cybersecurity. According to The SANS Institute, approximately 350,000 open cybersecurity positions went unfilled in 2016; that number is expected to grow to more than 500,000 in the U.S. by 2021. Student and other job seekers interested in exploring cybersecurity careers are encouraged to test your cybersecurity aptitude with the SANS CyberTalent Aptitude Assessment and see if cybersecurity might be a good career choice for you. The 30-question assessment focuses on the three core elements of aptitude: Comprehension, Problem Solving Skills, and Knowledge Application.

 Building Resilience in Critical Systems

The final week of NSCM focuses on the importance of critical infrastructure and highlights the roles the public can play in protecting it from cyber threats. According to Homeland Security, critical infrastructure provides “the essential services that underpin American society and serve as the backbone of our nation’s economy, security, and health. We know it as the power we use in our homes, the water we drink, the transportation that moves us, the stores we shop in, and the communication systems we rely on to stay in touch with friends and family.” Most, if not all these things rely on the internet in one way or another. NSCM looks at cybersecurity in relation to keeping all of these things operational and secure.

While taking proper precautions is a vital part of protecting yourself online at all times, NVE Bank customers can rest assured that they are protected when banking with us online. Security is a top priority when it comes to our customers’ financial and personal information. Our online security measures include the latest industry-accepted standards and practices. You can find out more by reading our online security commitment.

To learn about products and services offered by NVE Bank, visit our website. You can also visit your convenient neighborhood branch, or call us at 1-866-NVE BANK (683-2265).

 Sources:

https://staysafeonline.org/ncsam/about-ncsam/

https://www.dhs.gov/sites/default/files/publications/NCSAM%202017%20Themes%20One%20Pager-%20508%20compliant.pdf

https://www.stopthinkconnect.org/resources/preview/tip-sheet-stay-cyberaware-while-on-the-go-safety-tips-for-mobile-devices

https://www.stopthinkconnect.org/resources/preview/simple-cybersecurity-tips-for-staying-safe-online-during-tax-time

https://www.stopthinkconnect.org/resources/preview/tip-sheet-safe-online-shopping

https://www.sans.org/cybertalent/consider-a-career-in-cybersecurity

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Bergen County Spotlight On: Small Business

Community banks make small-business lending a priority. In fact, according to The Independent Community Bankers of America (ICBA), community banks provide nearly 50% of all small-business loans, helping to create two out of three jobs nationwide. Further support is delivered through the reinvestment of local dollars back into the community, which contributes to job creation and helps small businesses grow. GTmarketing-paulWe know this is true because NVE Bank has been doing it for over 130 years. Because we, too, are a small, local organization, we understand many needs, challenges, and questions our customers and neighbors face every day…but we are always striving to learn more. We recently sat down with Paul Nyfenger, President and CEO of Closter-based GT Marketing, Ltd., to hear first-hand what it’s like to run a small business in Bergen County today.

NVE Bank: Please tell us a little bit about your business.

Paul Nyfenger: GT Marketing integrates printing and mailing technologies with advertising and marketing strategies to enable companies to “get their message across” – whatever that message may be.

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Where do most of your clients/customers reside?

The majority of our clients are in the tri-state area, with a concentration in Bergen County and New York City.

NVE: What’s the best thing about owning a small business?

The best thing about owning a small business is knowing that every door is a possible opening to a new and exciting opportunity, and there is nothing that can stop us from achieving great things when we set our minds and take actions accordingly.

What is the biggest challenge you face as a small-business owner?

The biggest challenge I face as a small business owner is deciding how to best spend my time. With so many options available throughout the day, from overseeing sales and marketing initiatives, supervising production and operations, monitoring accounting and financial statistics, down to sweeping the floor and organizing my files, it can be difficult to prioritize and remain focused on any one thing. However, I can’t imagine it any other way…it is the variety that keeps me engaged in the big picture, which is to keep the company consistently moving forward in prosperity.

In your opinion, what are some common misconceptions people have of owning a small business?

I think what many people don’t realize, which those of us who own small businesses do, is how much goes into keeping their business afloat day after day. We’ve all most likely skipped many paychecks and lost many nights of sleep worrying about how to overcome the financial and other obstacles that are always lurking in our fears, and appearing in our realities.

Do you think there are advantages and/or disadvantages that are unique to small businesses in Bergen County, Northern New Jersey, or the Garden State as a whole?

I think that New Jersey’s regulatory and tax environments are very counter-productive to small businesses, and if moving out of state were as simple as just packing a moving van, many small-business owners would relocate to be alleviated of those burdens. However, given our proximity to New York City, there are many opportunities to do business with companies whose headquarters are locally accessible, which likely provides for a greater base of business.

What were some of your criteria when selecting a banking partner?

I’ve been a customer of NVE Bank since I opened my first GT account back in 1995. While I’ve held, and still hold, small accounts at the larger banks (Bank of America, Wells Fargo, Citibank), I do not use those banks for personal and/or business banking operations, rather, purely for their cash-back credit cards. I believe the big banks serve a grand purpose in the overall financial industry, but it’s not on their list to care about me as an individual. At NVE I may have an account number, but I’m known as Paul Nyfenger, and am greeted like a valued customer every time I walk into, call, or otherwise communicate with the bank’s personnel. NVE Bank is a community bank, not just a bank with a branch in town.

As you said, you’ve been banking with NVE for a long time. With all the options out there, how did you decide NVE was the best for your business?

I chose, and continue to stay with NVE Bank because they have my back and have never let me down, and that is the most important thing to me…trust.

What piece of advice would you give to someone in the early stages of starting his or her own small business, here in New Jersey or anywhere?

My advice for a new small business owner is to always have a plan for growth beyond what is already in your grasp, because whatever you are gripping today will eventually fall out of your hands, and you don’t ever want to be left empty-handed.

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NVE Bank is proud to have supported local business customers since 1887 with products and services that help them grow. Learn more on our website, stop by one of our convenient neighborhood branches in Bergen County, or call 1-866-NVE BANK (683-2265) to speak with a branch associate.Please also visit out NVE Business Services page on LinkedIn for news and information small-business owners can use.!

 Sources:

http://www.icba.org/about/community-banking

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Six Cost-Effective Ways to Make Your Home More Eco-Friendly

“Eco-friendly” most commonly refers to actions or items that are not harmful to the environment. In this instance, “eco” is an abbreviation for ecology, but who’s to say it can’t also stand for economy? As a homeowner, there are plenty of actions you can take that are good for the world and your wallet. Here are six to get you started!

Save water to save on water

Westwood’s Water Works perhaps puts it best: “Decreasing water usage can help preserve this precious resource while maintaining a happy and healthy quality of life.” A small adjustment to your daily routine can make a big difference. Next time you brush your teeth, for example, take note of whether you leave the water running the entire time. If so, it’s a simple fix! It won’t take long to train yourself to turn it off when you don’t need it. Looking for more easy ways to save water? Here are 190!

Get insulated

A U.S. president once said, “insulation is sexy stuff.” Silly as it may sound, many experts agree, at least with the sentiment. Uninsulated homes lose both hot and cool air, so they are working against you year-round, wasting energy and money. Installing proper insulation can pad more than just your walls; in the long term, this environmentally-friendly effort may pad your wallet, too. It might take a few years to make back the total cost of installation, but you will start feeling the return immediately — literally!

Pro tip: Building a home? Ask your contractor about advanced framing. With this       technique, the spacing of the studs allows for more insulation than conventional spacing, setting you up to save on both heating and cooling your home. Furthermore, this approach reduces wood use and possibly even labor costs, which could end up saving you money in the construction process.

Go with the [low] flow

One might imagine using 25%-60% less water when showering would require a major bathroom renovation, but it’s easier than you think. The two basic types of low-flow showerheads are: aerating, which mixes air with water to form a misty spray; Laminar-flow, which forms individual streams of water. Quality, low-flow showerheads are available for around $10 to $20.

Stick with energy-efficient appliances

When shopping around for appliances, be sure to include products that have earned the ENERGY STAR in your search. They may initially be a little more expensive than alternatives, but they’re known to be very durable and more environmentally friendly, not to mention likely to help you save on utility bills. According to ENERGY STAR, clothes washers and dryers that have earned their certification deliver superior efficiency and performance, saving users $490 and up to 30% on energy costs over the lifetime of the appliance

Pro tip: New Jersey offers financial incentives for “going green” through The New Jersey Home Performance with ENERGY STAR Program (HPwES), which assesses a home’s overall performance and energy efficiency, taking into account improvements to insulation, duct sealing, heating and cooling systems, windows, doors, and appliances. Through this program, the more energy saving measures you install, the greater the incentive you may be eligible to receive. Visit the website for full details and information on eligibility. There are also federal income tax credits available for homeowners who are making energy-efficient choices.

Nip leaking faucets in the bud

“Beware of little expenses; a small leak will sink a great ship.” ―Benjamin Franklin. A leaky faucet may be the perfect example to illustrate this point. A dripping faucet might seem like small potatoes, but over time it can cumulatively hemorrhage gallons upon gallons of water, wasting means and money. If you’d like to get an approximate idea of how much water your leaky faucet is wasting, try this drip calculator from the USGS Water Science School. We tried it out and discovered that a faucet that drips once per minute actually loses 34 gallons in one year!

Leakyfaucet-energyeffcient

Seal leaky ducts for savings (and comfort)

Leaky air ducts can waste up to 30% in energy costs, not to mention make your home less comfortable. Worse yet, they can pull in dirt and contaminants from your attic and walls. Exposed duct joints can be sealed, but not those buried in walls and ceilings. Ducts can be sealed from the inside using a process called aerosol duct sealing, but it’s not commonly considered a DIY project. According to The Family Handyman magazine, a professional aerosol duct cleaning for an average home can cost anywhere from $1,800-$2,500. Expect costs to be on the higher end if your HVAC equipment is located in an area with limited access, such as an attic or finished basement. Projected return on investment falls somewhere in the three-to-five-year range.

 If taking steps to make your home more energy efficient earns you some extra pocket money, don’t just save it for a rainy day…let us help you make it make it grow! One of the best ways to do that is to deposit it into an interest-bearing account, such as savingsmoney market, or certificate of deposit (CD). Visit the NVE website, one of our convenient neighborhood branches in Bergen County, or call 1-866-NVE BANK (683-2265) to learn more.

 Sources:

The Family Handyman, October 2016, p. 65

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https://on.doi.gov/2xcOom2

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How to Make the Most of Your Back-to-School Budget

According to a recent Junior Achievement survey, 60% of parents surveyed said it is a challenge to afford school supplies. The survey revealed that 64% of parents expect to pay less than $500 per child on back-to-school items while 17% expect to spend more than $500 per child. Unfortunately, the latter group seems to have a better handle on the numbers; according to a 2017 Deloitte survey, the average spend in the northeast is $513 per child. Here are some ways to spend smarter!

Go directly to the source

New Jersey PTA president Rose Acerra said in-school stores are trying to help lighten the financial burden for students and families by selling supplies at a lower markup than routine retailers. According to Acerra, “We were finding that sometimes, a parent is working — they don’t have the time to bring their kids to Staples or to a store to get their supplies. It was easier for them to just write a check to the PTA store and then be able to purchase their products.”

Review your inventory

If you’ve been through the back-to-school shopping routine before, check to see what usable supplies you have left over from last year so you can avoid purchasing anything you don’t actually need. If you really do the math, just a few items could add up to a nice bit of savings! With that in mind, when it comes to items that have the potential for a longer shelf life, such as a backpack, consider this: investing a little bit more for better quality could end up saving you money in the long term.

Warranties for the win

Savings expert Jeanette Pavini of Coupons.com advises shoppers to give their business to retailers that offer generous warranties. This is a good indication that their products are made well, but if they don’t last or meet your child’s needs, you can return them.

 Trust the [local] experts

Any parent is likely to agree that time and money are luxuries, so when it comes to shopping for  getting “the right stuff” the first time around is a big win. A recent NorthJersey.com article recounted the experience of Wayne resident Laura Rumana, who recently visited Gibling’s Footwear in Oakland for the first time after finding herself having to return multiple pairs of shoes for her six-year-old son, Tommy, to Zappos.com. Ken Wrisley, store owner since 1986, measured Tommy and put him in a 5W sneaker — a lightbulb moment for Rumana, who’d been ordering size 3.5. Problem solved!

Play the waiting game

After the first few days of getting a lay of the land while spending time with classmates, kids may very well change their minds about some of the cool, trendy things they had on their wish list before school started. If you can spare that time, hold off to avoid any unnecessary spending. Depending on how long you wait, you may also find school supply prices have dropped!

Additionally, “Wait for Columbus Day sales to load up on fall shoes and apparel as well as sporting goods,” explained consumer expert Lisa Lee Freeman in a recent ABC News story. “The next few weeks are best for closeouts on summer clothing, which your kids will be wearing for at least the first couple of months of school.”

Rake in rewards

Retailer rewards programs come in especially handy around times like these when you know there’s some mandatory shopping to be done. But it’s not just stores offering this kind of incentive! One example is UChoose Rewards, a debit card reward program that allows you to earn points by shopping at some of your favorite retail locations. As an NVE customer, it’s easy to register your NVE Bank Debit Mastercard® for UChoose Rewards®.

Think long term

Unless your child is graduating from school, you’ll be in the same boat this time next year. Do your future self a favor and shop now for supplies you know you’ll need then. Think about the things you’ll always need, such as writing utensils, notebooks and poster board. Once the back-to-school rush has died down, the prices of those items and more are all but guaranteed to drop.

NVE Bank is here to help with a wide range of products and services to help you save money, reach your financial goals and more. Visit www.nvebank.com or visit one of our neighborhood branches, conveniently located throughout Bergen County, to speak with one of our Branch Associates. You can also call us at 1-866-NVE BANK (683-2265).

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 Sources:

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https://njersy.co/2wSPCmw

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NVE Bank About Town: Connecting with Our Community

For 130 years, NVE Bank has put service to our communities at the forefront of our mission. NVE’s goal to make a difference can be seen in every effort we make, from major, organization-wide philanthropic fundraising programs to something as simple as a member of our staff purchasing his or her morning coffee at a local deli in support of small business. Big or small, every effort matters. This culture of caring we have developed over many years has been the driving force behind what has blossomed into a robust series of community support initiatives NVE hosts and participates in year-round. Here’s what we’ve been up to so far this year!

LENDING A HAND

American Dream Program – NVE was pleased to present a donation of $5,000 to our partner of more than 20 years, Bergen County New Jersey Community Development. This organization provides down payment and mortgage assistance to qualified first time homebuyers through the American Dream Program.

Trike-a-thon – NVE is always proud to be a sponsor of the Children Helping  Children Trike-a-thon fundraiser. This year, the Jack In The Box Schools of Closter, Alpine and Tenafly benefitted The Dystrophic Epidermolysis Bullosa Research Association of America (debra), a non-profit supporting the community affected by the rare genetic connective tissue disorder. We love that these children are learning about fundraising while helping children’s causes!

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National Rebuilding Day – NVE Bank greatly values the ongoing partnership we’ve fostered with the North Jersey Chapter of Rebuilding Together. On National Rebuilding Day, which takes place during the last Saturday in April each year, volunteers from NVE join thousands of others nationwide to help provide needed and sometimes critical and life-saving repairs for vulnerable families in our communities. This year, our team helped make safety improvements to the home of one of our senior citizen neighbors in Westwood. The bank was also pleased to make a donation of $7,500 to the organization!

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EDUCATING

 iPiggiBank Financial Literacy Program – NVE proudly sponsored iPiggiBank’s 2017 Financial Literacy Class, Money Management 4 Kids. This innovative, eight-week financial literacy program, created by iPiggiBank, was delivered to first-graders at Bergen Family Center in Engelwood.

10th Annual Scholarship Program – NVE Bank continued its support of Bergen County youth by awarding 17 area students with scholarships to pursue their higher education dreams. Ten graduating high school seniors — many of whom are just about to start their freshman year at college — were awarded $1,000 scholarships to pursue their higher education goals. Seven middle school students also received a $500 savings product.

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Teach Children To Save (TCTS) – In honor of  the American Bankers Association’s annual Teach Children to Save Day program, NVE Bank Branch Managers embarked on a month-long financial literacy teaching initiative, delivering a series of lessons on good saving habits to classrooms throughout Bergen County. Students received certificates and NVE piggy banks! We’ve had such a wonderful experience with the school’s administrators, teachers, and students, who always welcome us with open arms and let us teach the value of saving and other financial literacy lessons.

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Flat Rock Brook Scholarship –  NVE was delighted to pledge a scholarship that enabled one child to attend a summer 2017 session of Flat Rock’s Summer Nature Day Camp! If you haven’t visited the Flat Rock Brook Nature Center in Englewood, treat yourself!

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Credit: Flat Rock Brook

The Junction – Every year, our Closter branch team looks forward to a special visit from The Junction students, during which our staff teaches them about the inner workings of a bank and the importance of using debit and credit cards responsibly! The Junction, affiliated with Northern Valley Regional High School in Demarest, is a program that helps students with different abilities to learn functional living and occupational skills, and also coordinates community internships.

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Bark for Education – Cresskill Education Foundation held its “Bark for Education” canine carnival at Cresskill High School in May. NVE Bank joined pet vendors and others throughout the community for a pet parade, costume contest, and raffled off some goodies for attendees and their pampered pets!

CELEBRATING

130 Years – 2017 marks an especially exciting time here at NVE Bank, as we celebrate our 130th year in business. To acknowledge this milestone, we hosted a week-long party for our customers, neighbors and others throughout the communities we serve. From July 10-July 15, we welcomed visitors into our 12 branches to enjoy refreshments, take advantage of special offers, receive free T-shirts, fidget spinners and other treats, and enter to win our special anniversary giveaway! Five lucky winners also received $500 StubHub® Gift Certificates to use for concerts, games or theatre experiences of their choosing. We had a ball, and we think everyone who joined in the celebrations did, too!

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To learn more about NVE’s community involvement, as well as products and services, visit our website. You can also visit your convenient neighborhood branch, or call us at 1-866-NVE BANK (683-2265).

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