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Roselle Savings Bank, which has served central and northern New Jersey for nearly 130 years, has received three recognitions for its recent philanthropic endeavors. The trio of honors is highlighted by the bank winning a Silver Award from NJBankers’ 2017 Community Service Award Program, which is determined by a panel of judges consisting of members of New Jersey’s Public Relations Society of America.
With a proud history of philanthropy, Roselle Savings Bank makes annual contributions to a myriad of organizations that provide services to underserved individuals and families within the community. Notable programs include Meals on Wheels of Union County, Central Jersey Housing Resource Center and Raritan Valley Habitat for Humanity, among many others. The breadth of the bank’s community involvement was a key factor in its Silver Award win.
Additionally, Roselle Savings Bank was awarded the 2018 Spirit of the Community Award by the United Way of Greater Union County. This recognition acknowledged Roselle Savings Bank’s efforts for community improvement by supporting many of the United Way’s initiatives. Among other projects, bank personnel contributed to the Holiday Food Drive and the Season of Caring.
Another noteworthy accomplishment was attained by Roselle Savings Bank Vice President & Branch Manager Beth Retcho, who was inducted into the Roselle/Roselle Park Rotary. The organization supports local and international charities and provides college scholarships to local high school seniors. Ms. Retcho’s achievement represents Roselle Savings Bank’s commitment to community involvement and philanthropic giving.
Several leaders at Roselle Bank hold volunteer positions on the boards of various New Jersey organizations. For instance, one of the bank’s directors serves on the Board of Directors of the Cancer Hope Network, which provides free confidential counseling by cancer survivors cancer sufferers and their caregivers. Another director at Roselle serves as Vice President for the ARC of Somerset Country Foundation, which provides funds and guidance for children and adults with intellectual and developmental disabilities. This philanthropic leadership paves the way for Roselle’s overall involvement with community service and assistance to local residents.
Other initiatives are reflected in Roselle’s commitment to civic-minded lending. The bank offers specialized financing programs to help qualifying first-time home buyers and low to moderate income borrowers achieve home ownership. Additionally, Roselle has provided funding to support affordable housing projects throughout multiple counties across New Jersey, resulting in reasonable priced housing for thousands of area residents.
“The recognitions from NJBankers’ Community Service Award Program and the United Way of Greater Union County are incredible honors,” said Detlef Felschow, President & CEO of Roselle Savings Bank. “We are able to extend our reach beyond financial services and continue our passion for philanthropic giving as well.”