First Time Home Buyers Club

Open an Account: New Member Open an Account: Existing Member

Getting ready to buy your first home? We see it, too.

At Suffolk Federal, we know how exciting it is to be searching for your first home. We also know how important it is to save ahead of time for all of the costs involved. That’s why we’ve created the First Time Home Buyers Club Account, that not only helps you save, but rewards your efforts too!

It’s simple. Increase the net savings in your Club account* by $100 each month and after 12 months, we’ll give you an extra $750 towards your closing costs. Save for 24 months and we’ll make it $1,250! Offering a savings plan is only one way Suffolk Federal can help you reach the goal of buying your first home. Our team is here to support your home purchase every step of the way by giving you all the information you really need.

Join us to learn more about Suffolk Federal’s First Time Home Buyers Club as we partner with experts who can guide you through Long Island’s real estate, mortgages, contracts and closing, and managing household finances.

* This savings club account requires 12 to 24 minimum consecutive $100 monthly deposits, and completion of a home buying education course in return for closing cost assistance on a Suffolk Federal Credit Union mortgage loan. Open to qualifying credit union members who have not been an owner of record of a home for at least 36 months from the date of their club enrollment with a $100 minimum opening balance. $10 fee per withdrawal (could subject participant to loss of closing benefits). All deposits earn savings dividends. Speak to a SFCU representative for full details. Membership in Suffolk Federal requires a Share Savings Account with a $5.00 minimum balance. Must live, work or worship in Suffolk County, NY to be eligible for membership. Suffolk Federal Credit Union is an equal housing lender.

Holiday & Vacation Club

Open an Account: New Member

Open an Account: Existing Member

Holiday Club Account
Suffolk Federal’s Holiday Club Account makes saving—and shopping—for the holiday season a whole lot easier. You can open an account with just $5. Then, you decide how much you would like to deposit, any time, through Direct Deposit, Payroll Deduction or by stopping by any of our seven convenient branch locations. You can also transfer funds from any of your SFCU accounts by our Member Telephone Service (MTS) PDF File Download or by Online Banking too!

Funds are transferred to your Savings account each year the first eweek in October so you can let the shopping begin! (An early withdrawal fee of $10 per withdrawal will be imposed.)

Vacation Club Account
The Suffolk Federal Vacation Club Account provides you the same opportunity as your Holiday Club Account, but with much more flexibility. Not only can you save for that much-needed getaway, but also for just about anything else you can think of. You can make one withdrawal per month. (If more than one withdrawal is made per month, an excess withdrawal fee of $10 per withdrawal will be imposed.)

To learn more about our Holiday and Vacation Club accounts, contact us at 631.924.8000 or visit one of our seven convenient branch locations throughout Suffolk County, Long Island, NY.


Deposit Insurance

NCUA LogoYour Shares are federally insured to at least $250,000 and backed by the full faith and credit of the National Credit Union Administration (NCUA), a U.S. Government Agency and the strongest federal insurance fund around today.