Suffolk Federal Celebrates $1 Billion in Assets During Its 50th Anniversary Year

50th Icon2017 is a great year to celebrate for Suffolk Federal. Not only is the credit union celebrating its 50th Anniversary of exceptional service to its members, it also has reached the $1 billion mark in assets, reflecting an emphasis on membership and a successful expansion strategy that strengthens the community and has transformed Suffolk Federal into a leading financial institution.

“This is a very important milestone in our history,” explains Ralph D. Spencer, Jr., President and CEO. “Suffolk Federal continues to fulfill our mission and grow each year thanks to the focus of our leadership, incredible trust from our growing membership, and the everyday efforts and service from our employees, our Board of Directors, Supervisory Committee and other volunteers. We are committed to and understand that each member has a personal vision of financial success. Suffolk Federal’s goal is to be a positive partner who provides high quality products, exceptional services, fosters strong community relationships and who makes a difference in the lives and businesses of our members,” he continued.

Suffolk Federal will mark its 50th anniversary with an array of fun-filled and spectacular festivities. Among the activities planned will be a 50th Anniversary Celebration at Suffolk Federal’s corporate headquarters and the Medford Branch on June 17, a Celebrate & Do Good promotion for nine months at each one of Suffolk’s local branches which will benefit Long Island Cares, the Harry Chapin Food Bank and the credit union will also share memorable moments with the public on Facebook, Twitter and Instagram.

Since its establishment, Suffolk Federal’s focus has been to provide the very best in quality banking offering its members a vast array of benefits and an opportunity to become a part owner for life of a strong not-for-profit financial institution. Member benefits include Free Checking, Online Banking, lowest loan rates, highest returns on savings and reduced fees and plenty of opportunity to obtain free financial knowledge and counseling. Suffolk Federal also offers the latest world-class financial technology with a strong network of local branches and ATMS and an innovative mobile banking app.

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