*New customers only. APR=Annual Percentage Rate. Property must be an owner-occupied 1-4 family home in New Jersey. Application Fees as follows: Lines up to $150,000: $150 (which will be waived for first time Spencer Home Equity Line applicants), Lines above $150,000 up to $249,999: $200 (1 family), $400 (2-4 family), Lines of $250,000 or more: $275** (1 family), $400 (2-4 family)**; **however, if the line is secured by a property in excess of 2,800 square feet a fee of $400 will be charged. Commitment Fee of $150 (waived if at least $25,000 is drawn at closing to pay creditors other than Spencer Savings). Conversion Fee of $75 ($125 in the first year). Early Termination Fee if line is closed within the first 24 months: $300 (lines up to $100,000) or $500 (lines above $100,000). As of 12/30/11 the Prime Rate as published in the Wall Street Journal was 3.25% resulting in a Rate of 2.75%. There is a Maximum Rate of 13.990% and a Floor Rate of 2.75%. Property Insurance required. Flood Insurance may be required. Rates and terms are subject to change without notice.

APR = Annual Percentage Rate. Application Fees as follows - Loans of $150,000 or less which are previous Spencer applicants within the past 12 months or a Spencer refinance: $75 Loans above $150,000 up to $249,999: $200 (1 family), $400 (2-4 family), Loans of $250,000 or more: $275* (1 family), $400 (2-4 family)* *however, if the line is secured by a property in excess of 2,800 square feet a fee of $400 will be charged. Commitment Fee of $150.