Continuing our commitment to building strong and vibrant communities and improving quality of life the Bank participates in several company-wide initiatives in which staff teams work together for the greater good. Click here to learn more about Roselle’s community involvement and impact.
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Roselle branch challenged the children of Dr. Charles C. Polk School to a 7-weeks savings competition. Children received a special invitation to the branch to open Student Savings Accounts to earn $0.20% APY.
As a member of the Bernardsville Chamber of Commerce, on April 21st, the Chamber provided a $20,000 donation to the Bernardsville Firefighters during their Annual Fireman's Dinner. The donation will be used for training activities for the firemen. From left to right: Richard Steinberg – Bernardsville Chamber of Commerce; Director Joseph Rossi – Bernardsville Chamber of Commerce; Vice President Randy Steinkopf - Vice President of the Fire Department; Executive Officer Frank Ferranti –President of the Fire Department and a Trustee; Maureen Wolfenden – Roselle Bank, Bernardsville Branch Manager, and Bernardsville Chamber of Commerce; Director Eileen Loughnane – Bernardsville Chamber of Commerce, President
A long-time partner and generous supporter of the New Jersey Citizen Action, Roselle Bank provides a $1,500 grant to promote social and economic justice for low-income families, seniors, minorities, immigrants, women, and workers. For more than 10 years, the Bank’s support has enabled NJCA to provide one-on-one housing and foreclosure counseling to thousands of New Jerseyans through their HUD-certified homeownership counseling program. (Photo: Beverly Brown-Ruggia, Financial Justice Organizer, Bonita Holmes, Director of Loan Counseling and Loss Mitigation, Phyllis Salowe-Kaye, Executive Director; Detlef H. Felschow, President and Chief Executive Officer, Roselle Bank)
Roselle Bank Reminds Consumers: Be Vigilant When It Comes to Protecting Your AssetsROSELLE, N.J. – APRIL 3, 2018 – Coming off the heels of National Consumer Protection Week, Roselle Bank offers important tips and information from the FDIC to help their customers safeguard their possessions from high-tech thieves.Teaming up with the FDIC, here’s what consumers need to know:Safe deposit boxes vs. home safe vs. bank deposit account. Bank safe deposit boxes are good choices to store originals of key documents, such as birth certificates and property deeds, but probably not the right choice if quick access is a must. Also, people are better off stashing their cash in a bank deposit account, like a savings account or certificate of deposit, than in a home safe or a safe deposit box where the money isn't protected by FDIC insurance.Beware of criminals who place hidden recording devices at or near automated teller machines (ATMs) and retailer checkout registers. These devices can "skim" (steal) credit and debit card account numbers and personal identification numbers (PINs) to commit fraud or theft.Know the new standards for credit reporting, which may help consumers improve credit scores and qualify for loans under more favorable terms. Did you know … unpaid medical debts will not appear as negative information on a consumer's credit report until those debts are at least 180 days past due?“Taking some simple steps to protect your data could save you both time and money,” said Roselle Bank President and Chief Executive Officer, Detlef H. [...]
Local students are getting a free education in how to manage their money. Roselle Bank is working with Banzai, a national award-winning financial literacy program, to make the curriculum available to 6 schools in the Roselle, Bridgewater, Elizabeth, and Linden areas completely free. "Banzai is a web-based financial literacy program. Kids have their own bank accounts, and they work through assignments that are based on real life," Morgan Vandagriff, co-founder of Banzai, said. "But because Roselle Bank is sponsoring it, local schools get it for free. More than ever, it's important that kids develop sound financial skills to prepare them for the real world. Roselle Bank realizes that, and they're doing something about it." "It is a great opportunity for us to be able to provide resources that promote financial literacy to the next generation by encouraging banks and schools to work together to improve the financial skills and experiences of youth,” says Roselle Bank President and Chief Executive Officer, Detlef H. Felschow. Banzai is an interactive, online program supplemented by printed workbooks which aligns with state curriculum requirements for personal finance education. It has become the largest program of its kind, servicing more than 35,000 teachers and available in all 50 states. Roselle Bank has offered time, money, industry experience, and a variety of bank resources to help localschools teach personal finance in the classroom. Students using the program are exposed to real-life scenarios where they learn to pay bills and balance a budget – but it’s not [...]
ICBA and Roselle Bank: Where You Choose to Bank – and with Whom – Matters Community banks build better communities Roselle, New Jersey, April 2018 —The Independent Community Bankers of America® (ICBA) and Roselle Bank are reminding consumers: Where you choose to bank – and with whom – matters. To illustrate the positive impact community banks like Roselle Bank, have on their communities, ICBA released a video ahead of ICBA Community Banking Month in April. “When you bank locally, you’re reinvesting in your community, contributing to the welfare of your neighbors and building a legacy of prosperity for future generations,” said ICBA Chairman Timothy Zimmerman, CEO of Standard Bank of Monroeville, Pa. “Community bankers power your region’s small businesses and influence job growth one loan at a time. They’re rooted in your community, ensuring they have a stake in your financial success and the strength of the community overall.” Echoing that sentiment, Roselle Bank President and Chief Executive Officer, Detlef H. Felschow said, “community banks help maintain local municipalities and keep local neighborhoods viable and vibrant. As we recognize April as Community Banking Month, I want to thank our existing customers for their patronage and urge those who we hope to count as future customers to consider what it means to bank locally, both tomorrow and for generations to come.” When choosing who to trust with your hard-earned money, ICBA and Roselle Bank want consumers to know that they have a choice and know the following: Community banks respect and honor their community [...]
The Arc of Somerset County was recently awarded a $1,000 donation by Roselle Bank. The donation from Roselle Bank supports the programs and services provided by The Arc of Somerset County. The Arc of Somerset County provides quality services and advocacy for individuals with intellectual and developmental disabilities and their families to support development and achievement at every stage of life. (Photo: Jeffrey Schneider, Business Development Officer, Roselle Bank; Detlef H. Felschow, President and Chief Executive Officer, Roselle Bank; and Lauren Frary, Executive Director of The Arc of Somerset County)
The children in Bernardsville received a special treat when the Easter Bunny hopped into the Bernardsville branch to drop-off goodies and spread the word about our Student Savings Account.
On March 9th, we were honored by Charles C. Polk Elementary School for our dedication and commitment to working with students and the community during their Annual School and Community Black Heritage and Women's History Month Celebration. Accepting the award on our behalf, Detlef H. Felschow, President and Chief Executive Officer and Beth Retcho, Vice President and Branch Manager for the Roselle branch.