Are you thinking about buying a home? We’re here to help! To begin, here are 8 terms that are essential to know. Closing Costs/Pre-paid You may hear these terms together (or interchangeably) in reference to the expenses you’ll pay at the time you close on your home. Pre-paids are payments that your lender will require you to provide… Read more
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Suffolk Federal Named Best Credit Union on Long Island by Forbes
Suffolk Federal Credit Union has been named the #1 credit union on Long Island and the #2 credit union in New York State in a recent report from Forbes, cementing the Medford-based institution’s mission of delivering better banking for Long Island. The distinction comes from Forbes’ fourth annual report of America’s Best Credit Unions in… Read more
5 Tips for Buying a Home on Long Island
Long Island is a popular destination for homebuyers, and for good reason. With its unique blend of urban bustle, suburban security, and natural wonder, our area has something for everyone. Are you thinking about buying a home in Suffolk County or Nassau County? We’re here to help! To start off, here are five quick tips:… Read more
Suffolk Federal Presents College Scholarships for 2021
Suffolk Federal presented a series of College Scholarships to six deserving high school graduates who plan to attend Suffolk County Community College this fall. Scholarship award recipients were judged based upon their academic achievements, extracurricular and community activities as well as the quality of written essays. Suffolk Federal Scholarships: The following four Suffolk Federal Scholarship… Read more
Suffolk Federal Credit Union Announces A Community Charter Expansion To Nassau County
Suffolk Federal Credit Union, headquartered in Medford, NY, has just announced that it has received approval for a community charter expansion by the National Credit Union Association (NCUA). This expanded charter will now allow the local NY credit union to offer its banking services in Nassau County, NY. With this approval, Suffolk Federal membership expands… Read more
Suffolk Federal Partners with Federal Home Loan Bank of New York to Secure Grants
Suffolk Federal Credit Union proudly partnered with the Federal Home Loan Bank of NY (FHLBNY) to secure grants from the Covid-19 Small Business Recovery Grant Program (SBRG). This program provides grants to organizations that have suffered a decrease in revenue as a result of the Covid-19 pandemic. Suffolk Federal supported several business and non-profit members… Read more
Suffolk Federal Credit Union Names Matthew Schettino Senior Vice President of Marketing
Suffolk Federal has announced the selection of Matthew Schettino as Senior Vice President of Marketing. In this role, Schettino will oversee the strategic development of Suffolk Federal’s brand and marketing strategy, including all aspects of member experience design, advertising and marketing communications as well as the enriched development of sponsor and community partnerships. “As we… Read more
Suffolk Federal Credit Union Names Christopher B. Welga Vice President of Risk Management
Suffolk Federal is pleased to announce the appointment of Christopher B. Welga as Vice President of Risk Management. In this role, Welga is responsible for monitoring and assessing the credit union’s operational and strategic risk. His responsibilities include oversight of compliance, fraud prevention and security resources as well as the development and implementation of business… Read more
Start Your Engines – Understanding the Auto Buying Process
As the weather warms up, it’s an excellent time to go for a drive. And, if you’re hitting the road, it can be a great feeling to do so in a new car. Of course, there’s more to buying a new car than showing up at the dealership and taking a test drive. As with all major decisions, it… Read more
Avoiding Fraud
With everything that 2020 has thrown at us, the last thing you need is for credit card fraud to ruin your holidays. Of course, there’s never a good time to deal with credit card fraud, but at the end of a tumultuous year, it makes sense to try and enjoy the holidays as much as… Read more
