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50:30:20 Budget Rule
Financial Education

The 50/30/20 Budget Rule

The 50/30/20 budget rule is a great way to manage your money responsibly. It’s based on the idea that you should spend no more than ...
monthly budget
Financial Education

How to Make a Monthly Budget

Understanding how to budget money is an important part of being smart and achieving financial success. Creating a monthly budget can help you track (and ...
Money Market Account
Financial Education

What is a Money Market Account?

A Money Market account (MMA) is an NCUA-insured deposit account that offers higher interest rates than traditional savings accounts. These accounts can come with checks ...
Great South Bay music festival
News

Island Federal Announced as Presenting Sponsor of the 14th Annual Great South Bay Music Festival

Hauppauge, New York, January 2023 – The Great South Bay Music Festival announced that Island Federal Credit Union (Island Federal) is the presenting sponsor for ...
Coins to Cash
Financial Education

Changing Coins into Cash

Looking for an easy way to turn your coins to cash? Whether you’re a bank customer, investor, or just someone with a lot of change, ...
Bank Account Scams
Financial Education

Common Online Bank Scams

Online banking scams are becoming increasingly common, so it’s critical to know the different types of fraud that can occur. Recognizing common online bank scams ...
Ways to Beat Inflation
Financial Education

How to Protect Your Money from Inflation

As the cost of living continues to rise, it’s important to learn how to protect money from inflation. Inflation can erode your purchasing power and ...
Rising Interest Rates
Financial Education

Rising Interest Rates by the Fed

The Federal Reserve has been raising interest rates since the first part of 2022 – in fact, they’ve raised them a whopping six times – ...
Wire Transfers
Financial Education

Are Wire Transfers a Safe Way to Send Money?

Wire transfers are a secure and reliable way to send money. They offer the convenience of transferring funds quickly, securely, and with minimal fees. With ...
What is an IRA
Financial Education

What is an IRA & How Do They Work?

An IRA, or Individual Retirement Account, is a tax-advantaged account that allows you to save for retirement. IRAs are a great way to build your ...