Contrary to popular belief, more millennials are buying and leasing cars than ever. In fact, they will represent 40 percent of new car purchases by 2020. Not sure whether you should buy or lease? It’s largely a matter of personal choice—neither option is inherently better than the other. Here are five tips for millennials… Read more
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In an effort to support the charitable work of local organizations that serve the areas of Suffolk Federal branch locations, the credit union has identified nonprofit organizations to provide financial support to. In Commack, Branch Manager Gail DiGiacomo presents a $1,000 contribution to The Commack Fire Department. “I am so humbled to be able to… Read more
Suffolk Federal is proud to announce the promotion of James Guinaw of Setauket to Senior Relationship Manager of Business Services. In this position, Guinaw is responsible for growth and retention of business accounts through sales, service and relationship building. He is key to providing Suffolk Federal financial solutions, business services and products, and commercial lending… Read more
Mobile payments may seem like new technology, but the first opportunity to make purchases using a mobile phone actually dates all the way back to buying Coca-Cola via text message in 1997! Since then, alternate avenues to make purchases has grown steadily, from PayPal’s 1998 founding to the launch of Apple Pay, Samsung Pay, and… Read more
Suffolk Federal is proud to announce the promotion of Debra Kaminski of Islip to Director of Collections and Portfolio Analysis. In this position, Kaminski is responsible for overseeing all collection activity, evaluating analytics of Suffolk Federal’s loan portfolio and managing loss mitigation processes and the loan workout program, which helps members struggling financially to maintain… Read more
Suffolk Federal Credit Union has re-elected PHIL F.T. BAUCCIO and FRANK C. TROTTA to its Board of Directors. Phil F.T. Bauccio, Secretary, of East Islip, is the former Executive Director of the Suffolk County Risk Management & Benefits Division and Founder of Phil Bauccio Consultants & Associates, providing consulting services in management, risk management, and… Read more
In an effort to support the charitable work of local organizations that serve the areas of Suffolk Federal branch locations, the credit union has identified nonprofit organizations to provide financial support to. In Eastport, Branch Manager Debra Castro presents a $1,000 contribution to The Butterfly Effect Project. “Assisting these young girls to take charge of… Read more
If you’re under the age of 30, “checking account” may conjure images of people paying for things with literal checks, followed by the conclusion that you don’t write checks, so you don’t need a checking account. But in actuality, “checking account” is simply the proper name for what’s colloquially referred to as a “bank account.”… Read more