Dear Valued Ridgewood Savings Bank Customers and Community Members
July 2024
As we look forward to enjoying the summer season, I am pleased to bring you our latest news and reaffirm that Ridgewood Savings Bank remains committed to being your trusted financial partner. We deeply appreciate your loyalty and are focused on delivering the solutions you need and the exceptional service you deserve.
Financial Literacy Initiatives
As part of our commitment to the community, we strive to promote financial literacy through various initiatives. For example, our team actively participated in the American Banking Association’s “Teach Children to Save” program, which encourages students to make videos about the importance of saving money. And in April, we kicked off Financial Literacy Month by visiting PS 075, the Mayda Cortiella School, in Bushwick, Brooklyn, where we conducted workshops and provided age-appropriate information to youngsters from pre-K through fifth grade to help them understand money management.
For us, financial education doesn’t stop when the school year ends. We offer our online Ridgewood Financial Academy, a free, comprehensive resource designed to empower individuals of all ages to enhance their financial knowledge. Combined, our efforts help to foster a financially literate community.
Branch Highlights: New Rochelle
We also announced the relocation and reopening of our branch in New Rochelle. The new state-of-the-art facility spans nearly 2,000 square feet at 25 Maple Avenue and is located within the city’s bustling business district. The branch boasts an innovative design that embodies our commitment to providing comprehensive financial products and services for the community and helping small businesses thrive.
Bank Anytime, Anywhere with Ridgewood's Digital Tools
We understand the importance of convenience and security in today's fast-paced world. So, whether you are traveling or staying put this summer, our comprehensive suite of digital banking tools helps you manage your finances safely and securely, wherever and whenever it suits you. Our highly-rated mobile banking app allows you to check balances in real time, deposit checks from anywhere, and use Zelle for person-to-person payments. Move funds between accounts, pay bills on the go, and even open new accounts directly through our built-in tools. Our money management tools help you track spending, set budgets, and control card usage with customized alerts and spending limits. With the latest encryption technology, your financial information is safe and secure.
Our goal is to ensure that banking fits seamlessly into your lifestyle and schedule. Whether you’re on the go or prefer to visit any of our 36 convenient neighborhood branches, Ridgewood offers the flexibility you need.
Count on Us
In a world of constant change, families grow, plans adjust, and financial landscapes evolve, yet Ridgewood Savings Bank stands as a beacon of stability and reliability. For over a century, we’ve been here for our customers and neighbors, helping to simplify their financial journeys and support their goals with convenient, accessible services and a strong commitment to community.
You can count on us to deliver. At Ridgewood Savings Bank, we understand the unique needs at each stage of your life.
This summer, whether you're just starting out, earning some extra money, or thinking about financing a college education, our youth savings and Student Advantage Checking accounts, online financial literacy resources at Ridgewood Financial Academy, and student loans for eligible applicants will help you achieve your dreams.
We actively lend for both residential and commercial real estate (CRE) mortgages, offering attractive rates and products. Our Home Equity Lines of Credit (HELOCs) and affordable Homebuyer Dream Programs for qualifying first-time mortgage customers, coupled with our homeownership tutorials on Ridgewood Financial Academy, provide you with the support you need in your homeownership journey.
If you are an eligible entrepreneur, you can benefit from our SBA 7(a) loans and an enhanced mobile app designed to make business banking more efficient.
As you consider planning for a secure retirement with our IRAs and range of investment services, we can help you grow your legacy and maximize what you leave the next generation. Plus, with our Early Pay offering, you can receive social security benefits and eligible payroll up to two days early.
Strong Asset Quality: Your Trust Is Our Priority
Ridgewood Savings Bank prioritizes strong asset quality to help make your funds safe and our services secure. This solid foundation ensures that we can continue to offer sound management and secure financial services. Our prudent financial practices have allowed us to maintain a healthy balance sheet, providing you with the peace of mind.
We are committed to maintaining the highest standards of service and financial integrity. As a trusted partner, we offer tailored solutions and expert guidance for your unique needs at every life stage.
Ridgewood Savings Bank is here to offer the financial products and services that match your needs. You can always count on us. Thank you for your continued trust in Ridgewood Savings Bank. Together, we will navigate the future with confidence and success.
Sincerely,
Leonard Stekol
Chairman, President & CEO
Products, services, terms and conditions are subject to change without notice.