Category: Money Matters

Explaining Mobile Banking to Older Relatives

Mobile banking is a convenient, secure way to manage your finances anytime, anywhere—but many of us may not realize how difficult it may be for older generations. While smartphones are an ingrained part of your daily life, many seniors don’t have as much experience with navigating apps on a regular basis. This could make them… Read more

Suffolk Federal Highlights 5 Tips to Better Banking Anywhere in the World

Cutting-Edge Technology Makes Financial Management More Efficient As the words ‘virtual’ and ‘technology’ become an essential part of our everyday language, credit unions are proactively responding by providing a better banking experience through online and mobile offerings. “Advances in banking technology combined with the national pandemic have changed how people go about their lives and… Read more

Car Test Drives: What to Check Off Before You Drive Off

Whether it’s your first or your tenth, buying a new (or new to you) car can be both overwhelming and exciting. Before you’ve even set foot on the car lot, you’ve already made so many decisions, like whether you’re buying new or used, getting a sedan, SUV, or truck, which make and model, and how… Read more

What is GAP insurance—and do you really need it?

Automotive Guaranteed Asset Protection—or GAP—is becoming increasingly popular. In fact, a recent study predicts that GAP insurance will become a $6.5 billion market by 2027—a 14.6 percent increase in just seven years. But what exactly is GAP insurance? Why is it becoming so popular? And do you need it? These quick facts can help you… Read more

Trouble with your Economic Impact Payment debit card? Help is here.

Should you be experiencing trouble with your Economic Impact Payment debit card, be sure to read the following posted by the Federal Trade Commission (FTC).   Recently, we wrote about the Economic Impact Payment debit cards some of you are getting. But we’ve heard that some people have had trouble getting money off the card and… Read more

5 Tips That Make Remote Check Deposits a Snap

You may already know you can use Suffolk Federal’s mobile banking app on your smartphone to check your account balance and transactions, pay bills, and find nearby ATMs, but did you know you can also use your phone’s camera to remotely deposit checks from the comfort of your own home? Remote check deposits are easy—especially… Read more

5 Ways People Finance Home Renovations

Whether you’ve always wanted a bigger deck for summer barbecues (a $3,600 to $8,400 project), have always hated that pink tub and tile in your master bathroom (at $5,578 to $15,138), or discovered a leak in your basement and need a total overhaul (for $22,000 to $46,000), there are plenty of reasons (fun and not-so-fun)… Read more

The National Credit Union Foundation’s Guidance on Stimulus Check

The National Credit Union Foundation has provided the following guidance to credit union members on how to handle payments as the first stimulus checks begin to reach Americans. The Foundation’s goal is to help people to use the economic impact payment safely and in a way that benefits their financial health and well-being during this difficult… Read more

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